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CFG Bank


Phone: (410) 823-0500

ACH Number: 052073519

CFG Bank is an FDIC insured institution headquartered at 11 W Ridgely Rd, Lutherville, MD 21093.
It was founded in 1997 and has approximately $6 billion in assets. Customers can open an account at one of its 3 branches.

Deposit Rates - December 16, 2025





Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34294
Date Established 1997
Assets $ 5.51 billion
Loans $ 3.68 billion
Deposits $ 4.81 billion
Capital $ 600.42 million

Summary Balance Sheet as of June 30, 2025

ASSETS
Cash & Balances due from depository institutions $ 381.16 million
Interest-bearing balances $ 363.60 million
Total securities $ 1,123.81 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 3.68 billion
Loan loss allowance $ 58.60 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 60.92 million
Goodwill and other intangibles $ 59.54 million
All other assets $ 39.56 million
     Total Assets $ 4.91 billion

LIABILITIES
Total deposits $ 4.81 billion
      Interest-bearing deposits $ 4.30 billion
      Deposits held in domestic offices $ 4.81 billion
      % insured (estimated)" 85.15%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 162.37 million
Subordinated debt N.A.
All other liabilities $ 25.56 millionn
      Total Liabilities $ 4.91 billion
      Shareholders’ Equity $ 600.42 million

Summary Income Statement as of June 30, 2025

INCOME AND EXPENSES
Total Interest Income $ 199.74 million
Total Interest Expense $ 88.61 million
Net interest income $ 111.14 million
Provision for loan and lease losses $ 15.77 million
Total non interest income $ 21.07 million
Total non interest expense $ 69.97 million
Pre-tax Net Operating Income $ 46.75 million

Customer Reviews for CFG Bank (9)

Rated 3.33 stars out of 5 - based on 9 reviews

  • This one works fine as a savings account paying an extremely good interest rate that is always among the best, as long as you really don't need to make many transactions. Also don't try to move your money around back and forth to their CDs as you will be trying to fill out forms online and searching for a fax machine just to get things back to normal.

  • I live in the Baltimore area. CFG is a local Maryland-only bank. It has been heavily covered in local media that they are the leading Maryland bankers for the cannabis industry here. Some will view that positively, but I have family members who suffered grave injuries in an accident where the other driver was high two years ago. CFG was a fine local bank and I would urge them to reconsider and am banking elsewhere in the meantime.

    nunya

    Dec 16, 2025

    Your personal experiences OUTSIDE the bank shouldn't be the basis for your review of how the bank actually functions.

  • I'd rather do business with a bank that values my business. They obvously do not.

  • It is a small bank and that is a tad annoying, but the experience has been good.

  • Very positive experience. Small bank in MD. Not necessarily an online bank, but they have been friendly and easy to work with.

  • Thanks CFG ! Opened a 12-month CD today with the fantastic rate of 1.24%. Best rate in town. Most area banks still offering terrible rates .01% to .50%. Not at all fair when charging up to 5% for loans.

  • CFG is not the easiest of these banks to work with. That would go to Ally. But, it is just about the most competitive with rates, always showing in the top 3 on all categories on rates&info so I stick with it.

  • Not an online bank whatsoever and shouldn't be listed as such. Cannot do anything online. Ally and all the rest let you move in and out of no penalty CDs online in 2 seconds. Here the rate went from 0.62 to 0.70% and I cannot move without calling and filling out offline paperwork to open a new savings account, calling again and filling out offline paperwork to exit existing CD, calling again and filling out offline paperwork for the new CD. This might work for someone who lives near and branch, has time to kill and isn't concerned about getting COVID from spending two days hanging out at a branch in Maryland. It doesn't work for the rest of us.

    Abzie

    Dec 16, 2025

    @Pohl - Not my experience at all. Moving to a new no penalty CD is not as easy as Ally or some of the others used to be, but it doesn't require multiple transactions at all. I needed to open a new account online (indicated funding from CFG Bank), and to fill out a form closing the old CD (scan and return). I also needed to confirm the transaction with Heather on a recorded line. Yes a couple extra steps and yes it requires a printer and scanner, but it works.

  • I've been a customer for a couple of years already, having jumped in back in 2019 when they started offering great rates on 2-year CDs online just after the Fed began cutting. Rates remain very competitive, even though rate environment has changed. Zero serious problems. I would prefer to be able to renew the CDs or change renewal terms online. Website could be more friendly and I do not feel 100% comfortable as to their web security processes. Phone support is super and seems to be provided by two women, both of whom give the impression that I am dealing with a small bank that knows me well.

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