AloStar Bank of Commerce – Review

November 18th, 2011

Alostar Bank of Commerce logo

AloStar Bank of Commerce provides some insight on the name on their website. It reads:

The Latin term, Alo, means to nourish, cherish, support, sustain, maintain and keep. These are words that say a lot about what we want to do for our customers as well as our employees. The word “Star” denotes many positives as well: a guiding light, a sign of destiny or a preeminent figure.
Man, that is some heavy stuff. The bank was created to take over the failed Nexity Bank. The bank’s site indicates $160MM was raised to seemingly purchase $750MM in assets. That seems like a pretty good deal.

Stats Updated:06/11
Star Rating:NA (Start-up)
Capital Ratio:19.8%
Profits(loss):11.6M 6-months
Phone#:(877) 738-6391
Address:3680 Grandview Parkway, Suite 200
Birmingham, AL 35243

AloStar Bank of Commerce has an online process to open up new accounts. The biggest draw back is account has to be manually approved by them. If they approve the account they send you an email with a reference# that you can use as the account# to wire in the funds and complete the transaction. Our experience hasn’t been too bad.


Happy Rate Searching!!!

cd :O)

-- By +Chris Duncan

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