Merchants & Planters' Bank, Newark Merchants And Planters Bank

Name:Merchants & Planters' Bank, Newark Merchants And Planters Bank
Full Service Brick and Mortar Office
Review:1 client review
Location:595 Vine Street
Newark, AR 72562

Independence County
View Other Branches
Branch Deposit:$19,608,000
FDIC Cert:#16464

The Bank

Name:Merchants & Planters' Bank
Concentration:Agricultural Specialization
FDIC Insurance:1946-08-06
Holden By:M&P Cmty Bancshares 401 K Empl
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
# of Branches:12, view all, view on map
Total Assets:$352,642,000
Total Deposits:$315,067,000
Total Equity Capital:$32,261,000
Total Domestic Office Deposits:$315,067,000
Net Income:$1,609,000
Quarterly Net Income:$486,000
Return on Assets:1%
Quarterly Return on Assets:1%
Return on Equity:7%
Quarterly Return on Equity:6%

Client Review

1 client review of Merchants & Planters' Bank scored 1 out of 5.

Overall Rating
Interest Rate and Cost
Office Environment & Staff
Waiting Time
Other Services
by Lioness, Aug. 27, 2020

I was needing a loan and my branch at Newark said it would be 8%, what? No way after all the years we did business with them, so I checked elsewhere. The one in Batesville on Main Street, loan officer said probably 5% or lower. I called the next day and he said I had to do business at Newark. What a joke the loan officer was, Andrew Brock was his name. I informed him that I would go to where I would get the best interest rate. I went to Citizens where I didn't even have an account and got a lower rate than where I had done business for 20 years. Humm, sad but true. No customer care.

* this reviewer has be with this bank for >10 years
* this reviewer had 3 - 5 banks before.
* this review was made on Merchants & Planters' Bank, Batesville Main Office at Batesville, AR
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