Bank47 is a bank based in Huntsville, Alabama, established in 1990, with $88 million in total assets across 2 branches. By Trust Grade it ranks 88th of 93 banks we track in Alabama. Its capital ratio of 9.5% trails most similarly sized banks (24th percentile), versus a Alabama median of 10%. It posted a loss over the most recent period (-5.52% return on assets), a point to watch. No consumer complaints against Bank47 appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Bank47 compares to Alabama peers
How we graded Bank47
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (9.5% capital ratio)
- Unprofitable over the period (ROA -5.52%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Bank47 over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (2)
- 415a Church St Nw, Huntsville, AL 35801
- 202 Powell St N, Union Springs, AL 36089
Are deposits at Bank47 insured?
Yes. Bank47 is an FDIC-insured bank (FDIC certificate #32968). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Bank47: frequently asked questions
Is Bank47 a good bank?
Bank47 earns a Bankzia Trust Grade of C (71/100, "Average"), based on a financial-strength score of 71/100 (it has no CFPB complaints on record). Strongly capitalized (9.5% capital ratio); Unprofitable over the period (ROA -5.52%).
Is Bank47 FDIC-insured?
Yes. Bank47 is a FDIC-insured bank (FDIC certificate #32968). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Bank47?
Bank47 holds $88 million in total assets, ranking 88th of 93 banks we track in Alabama. It operates 2 branches.
Does Bank47 have CFPB complaints?
No CFPB complaints against Bank47 appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
