About
Premier Bank is a financial institution that provides a range of banking services to individuals, businesses, and other organizations. It is a full-service commercial bank that offers a variety of products, including checking and savings accounts, loans, credit cards, investment services, and more.
The bank operates throughout Ohio, Indiana, Michigan, and Pennsylvania. It has grown steadily over the years, and as of 2020, it was ranked No. 18 among community banks in the $3 billion to $10 billion asset size.
For individuals, Premier Bank offers personal checking and savings accounts and a variety of financial solutions, including auto loans, home equity loans, personal loans, and mortgages. The bank also provides credit cards and online banking services that allow customers to manage their accounts and transactions from their computer or mobile device.
For businesses, Premier Bank has a range of products and services, including checking and savings accounts, merchant services, payroll services, cash management solutions, and business loans. The bank also offers online banking services designed specifically for businesses, allowing them to manage their accounts and transactions efficiently and securely.
Premier Bank is committed to providing personalized service to its customers and helping them achieve their financial goals. The financial institution also supports the communities it serves through charitable donations, volunteer work, and community partnerships.
Key Features
Premier Bank offers a range of key features that make it a reliable and convenient choice for individuals and businesses in Ohio, Indiana, Michigan, and Pennsylvania. Some of the bank's key features include:
- Personalized Service. The bank prides itself on its commitment to providing customized service to its customers. The staff is knowledgeable and dedicated to helping customers find the right banking products and solutions to meet their needs. You can visit one of its branches and talk to a real person who will help you address your financial need.
- Convenient Banking Options. Various online and mobile banking services include mobile deposit, bill pay, and account alerts. This allows customers to manage their accounts and transactions from anywhere, anytime.
- Wide Range of Products and Services. Premier Bank offers a variety of banking products and services, including personal and business checking and savings accounts, loans, credit cards, and investment services. It also offers a range of specialized products and services for businesses, including cash management and merchant services.
- Community Involvement. The bank is committed to supporting the communities it serves through charitable donations, volunteer work, and community partnerships. The staff is encouraged to get involved in their local communities, and it provides financial support to various nonprofit organizations.
- Competitive Rates and Fees. The financial institution strives to offer competitive rates and fees for its products and services, making it an affordable choice for customers looking for quality banking solutions.
Overall, Premier Bank's personalized service, convenient banking options, a diversity of products and services, community involvement, and competitive rates and fees make it a trusted and reliable financial institution for individuals and businesses in Ohio, Indiana, Michigan, and Pennsylvania.
Requirements
The specific requirements for opening and using an account with Premier Bank may vary depending on the type of account you wish to open and other factors. However, some general requirements that apply to most accounts include the following:
- Minimum Age. To open an account with Premier Bank, you must be at least 18 years old.
- Identification. To open an account, you must provide a government-issued photo ID, such as a driver's license or passport.
- Social Security Number. To open an account, you must provide a valid Social Security number or Tax ID number.
- Address. You must provide a valid physical address to open an account. PO boxes are not typically accepted as valid addresses for banking purposes.
- Initial Deposit. You will be required to make an initial deposit of $50 to open an account with Premier Bank. The amount required may vary depending on the type of account you are opening.
In addition to these general requirements, other requirements or documentation may be needed depending on the specific account you wish to open. For example, if you are opening a business account, you may need to provide additional documentation to verify your business's legal status and ownership. Therefore, it's always a good idea to check with Premier Bank directly or visit their website to learn more about the specific requirements for the account you are interested in opening.
Access on the Go
Premier Bank offers several options for customers to access their banking services on the go, making it easy to manage their accounts from anywhere. Here are some of the ways customers can access the bank's services while on the go:
- Mobile Banking App. It allows customers to check account balances, transfer funds, pay bills, deposit checks, and more from their mobile devices. The app is available for download on both iOS and Android devices. In addition, you can connect your Premier Bank credit or debit card to the mobile wallet you prefer.
- Online Banking. Customers can access their accounts through Premier Bank's online banking portal. This allows customers to view account balances, make your loan payment, transfer funds, and pay bills from their computer or mobile device.
- Text Banking. Premier Bank's text banking service allows customers to receive account balances and transaction alerts via text message. This can be a convenient way to stay up-to-date on account activity while on the go.
- Telephone Banking. Customers can access their accounts and perform banking transactions over the phone using Premier Bank's telephone banking service. This can be a useful option for customers who do not have access to the internet or prefer not to use a mobile app.
Overall, Premier Bank offers a range of options for customers to access their banking services on the go. By using the mobile banking app, online banking portal, text banking service, or telephone banking, customers can easily manage their accounts and perform transactions from anywhere, at any time.
Premier Bank products
Premier Bank offers a range of banking products to meet the needs of individuals, families, and businesses. Here are some of the key products:
- Checking Accounts. They include a basic account with no monthly maintenance fees, an account with rewards for debit card usage, and an interest-bearing account for customers who maintain a higher balance.
- Savings Accounts. Customers are offered several savings account options, including a basic savings account, a high-yield savings account, and a money market account that allows them to earn higher interest rates on their savings.
- CDs. The bank offers certificates of deposit (CDs) with a range of term lengths, allowing customers to earn a fixed interest rate on their savings for a set period.
- Loans. Loan products include personal loans, auto loans, home equity loans, and mortgages. You can use your personal loan for various purposes, for example, to consolidate debt, cover medical expenses, fix your car, etc.
- HELOC. With a HELOC from Premier Bank, you can access funds by tapping into your home's equity up to your credit limit and pay interest only on the amount you borrow.
- Credit Cards. A range of credit card options includes cards with rewards for purchases and low introductory interest rates.
- Business Banking. The bank offers a range of business banking products, including business checking and savings accounts, commercial loans, and cash management services.
- Investment Services. They include retirement planning, wealth management, and financial planning services.
Overall, Premier Bank provides a range of banking products to meet the needs of customers at all stages of life, from basic checking and savings accounts to loans, credit cards, and investment services.
Which associations does Premier Bank belong to?
Premier Bank is a member of several industry associations and regulatory bodies. Here are some of the key organizations that Premier Bank belongs to:
- Federal Deposit Insurance Corporation (FDIC). The bank is a member of the FDIC, which provides deposit insurance to protect customers in the event of a bank failure.
- Federal Reserve System. The bank is a member of the Federal Reserve System, which serves as the central bank of the United States and oversees the nation's monetary policy.
- Ohio Bankers League. The bank may be a member of the Ohio Bankers League, the trade association for banks headquartered in Ohio.
By belonging to these industry associations and regulatory bodies, Premier Bank is able to stay up-to-date on industry best practices and regulatory changes, as well as advocate for the interests of its customers and the banking industry as a whole.
Bank Reliability
Like all banks, Premier Bank is subject to regulations and oversight by various government agencies to ensure that it operates in a safe and sound manner. Here are some of the factors that contribute to the bank's reliability as a financial institution:
- Federal Deposit Insurance Corporation (FDIC) Membership. As a member of the FDIC, Premier Bank provides deposit insurance coverage to its customers, which means that deposits are insured up to the maximum amount allowed by law. This provides customers with an added layer of protection and can help to ensure that they will not lose their money in the event of a bank failure.
- Strong Financial Position. Premier Bank has a strong financial position, with high levels of capital and liquidity. This allows the bank to withstand financial stress and maintain operations in the event of economic turbulence or other adverse conditions.
- Regulated by Federal and State Agencies. The bank is regulated by various federal and state agencies, including the Federal Reserve System and state banking regulators. These agencies oversee the bank's operations and ensure that it complies with applicable laws and regulations.
- Community-oriented Focus. This is a community bank with a strong emphasis on serving the needs of its local communities. The focus on building long-term relationships with customers can help to ensure the bank's stability and reliability over the long term.
Overall, Premier Bank's membership in the FDIC, strong financial position, regulation by federal and state agencies, and community-oriented focus contribute to its reliability as a financial institution.
Premier Bank vs. Chime
Premier Bank and Chime are two different types of financial institutions that offer different types of services and have different features. Here are some key differences between Premier Bank and Chime:
- Type of Institution. Premier Bank is a traditional brick-and-mortar bank with physical branch locations and a focus on personal and business banking services. Chime, on the other hand, is an online-only bank that operates primarily through its mobile app and focuses on offering digital banking services.
- Fees. Premier Bank charges various fees for its services, such as monthly maintenance fees on some of its checking accounts and transaction fees for using out-of-network ATMs. On the other hand, Chime has no monthly maintenance fees, no overdraft fees, and no transaction fees for using ATMs in its network.
- Account Options. Premier Bank offers a range of account options, including checking accounts, savings accounts, CDs, and credit cards, as well as lending and investment services. On the other hand, Chime focuses primarily on its checking account, which comes with a debit card and a range of digital banking features.
- Accessibility. Premier Bank has physical branch locations in Ohio, Indiana, Michigan, and Pennsylvania, which may be more accessible for customers who prefer in-person banking. On the other hand, Chime is accessible anywhere with an internet connection and a smartphone, making it a more convenient option for customers who prefer digital banking.
- Deposit Insurance. Both Premier Bank and Chime are FDIC-insured, which means that deposits are insured up to the maximum amount allowed by law. However, Premier Bank may offer higher deposit insurance coverage for certain types of accounts, such as joint accounts.
Overall, the key differences between Premier Bank and Chime relate to their types of institutions, fees and charges, account options, accessibility, and deposit insurance. When choosing between these two institutions, customers should consider their banking needs and preferences carefully.
Premier Bank vs. Marcus
Premier Bank and Marcus are two types of financial institutions that offer different services and have different features. Here are some key differences between Premier Bank and Marcus:
- Type of Institution. Premier Bank is a traditional brick-and-mortar bank with physical branch locations and a focus on personal and business banking services. On the other hand, Marcus is an online-only bank that operates primarily through its website and offers various banking and lending services.
- Account Options. Premier Bank offers a range of account options, including checking accounts, savings accounts, CDs, and credit cards, as well as lending and investment services. Marcus offers a similar range of account options, including savings accounts, CDs, personal loans, and home loans.
- Fees. Premier Bank charges various fees for its services, such as monthly maintenance fees on some of its checking accounts and transaction fees for using out-of-network ATMs. On the other hand, Marcus has no monthly maintenance fees or transaction fees for its savings accounts or CDs.
- Accessibility. Premier Bank has physical branch locations in Ohio, Indiana, Michigan, and Pennsylvania, which may be more accessible for customers who prefer in-person banking. On the other hand, Marcus is accessible anywhere with an internet connection, making it a more convenient option for customers who prefer online banking.
- Deposit Insurance. Both Premier Bank and Marcus are FDIC-insured, which means that deposits are insured up to the maximum amount allowed by law.
- Interest Rates. Marcus may offer higher interest rates on its savings accounts and CDs than Premier Bank, which can help customers earn more money on their deposits over time.
Overall, the key differences between Premier Bank and Marcus relate to their types of institutions, account options, fees and charges, accessibility, deposit insurance, and interest rates. When choosing between these two institutions, customers should consider their banking needs and preferences carefully.
Premier Bank vs. Capital One
Premier Bank and Capital One are two types of financial institutions that offer different services and have different features. Here are some key differences between Premier Bank and Capital One:
- Type of Institution. Both banks operate both online and through physical branch locations.
- Account Options. Premier Bank offers a range of account options, including checking accounts, savings accounts, CDs, and credit cards, as well as lending and investment services. Capital One also offers a range of account options, including checking accounts, savings accounts, CDs, credit cards, and investment services.
- Fees and Charges. Premier Bank charges various fees for its services, such as monthly maintenance fees on some of its checking accounts and transaction fees for using out-of-network ATMs. Capital One also charges fees for some of its services, such as overdraft fees and transaction fees for using out-of-network ATMs, but it may offer ways to avoid these fees.
- Accessibility. Premier Bank has physical branch locations in Ohio, Indiana, Michigan, and Pennsylvania, which may be more accessible for customers who prefer in-person banking. Capital One has physical branch locations in several states and a robust online and mobile banking platform, making it a more flexible option for customers who prefer a mix of in-person and digital banking.
- Deposit Insurance. Both Premier Bank and Capital One are FDIC-insured, which means that deposits are insured up to the maximum amount allowed by law.
- Credit Card Rewards. Capital One is well-known for its credit card rewards programs, which offer cash back, travel rewards, and other perks. Premier Bank also offers credit cards but may not offer the same level of rewards as Capital One.
Overall, the key differences between Premier Bank and Capital One relate to their types of institutions, account options, fees and charges, accessibility, deposit insurance, and credit card rewards. When choosing between these two institutions, customers should consider their banking needs and preferences carefully.
Premier Bank vs. Citibank
Premier Bank and Citibank are two types of financial institutions that offer different services and have different features. Here are some key differences between Premier Bank and Citibank:
- Type of Institution. Premier Bank is a nationally operating bank with physical branch locations and a focus on personal and business banking services. Citibank is a multinational bank that operates in several countries and offers various financial services, including personal and business banking, lending, and investment services.
- Account Options. Premier Bank offers a range of account options, including checking accounts, savings accounts, CDs, and credit cards, as well as lending and investment services. Citibank also offers a range of account options, including checking accounts, savings accounts, CDs, credit cards, and investment services.
- Fees and Charges. Premier Bank charges various fees for its services, such as monthly maintenance fees on some of its checking accounts and transaction fees for using out-of-network ATMs. Citibank also charges fees for some of its services, such as monthly maintenance fees on some of its checking accounts, overdraft fees, and transaction fees for using out-of-network ATMs.
- Global Services. Citibank is a multinational bank with a presence in several countries and offers a range of global financial services that may be useful for customers who frequently travel or do business internationally. Premier Bank, on the other hand, primarily serves customers in the Midwest region of the United States.
- Credit Card Rewards. Citibank offers a range of credit card rewards programs, including cash back, travel rewards, and other perks. Premier Bank also offers credit cards but may not offer the same level of rewards as Citibank.
Overall, the key differences between Premier Bank and Citibank relate to their types of institutions, account options, fees and charges, accessibility, global services, and credit card rewards. When choosing between these two institutions, customers should consider their banking needs and preferences carefully.
