GE Capital is a state-chartered industrial bank based out of Utah state and owned by General Electric Capital Corporation. GE Capital Bank prioritizes the needs of the communities in Salt Lake County, with a focus on empowerment through improved literacy, increased jobs, accessible healthcare and affordable housing. GE Capital Bank provides regular customer service during the weekday, during and after business hours.
GE Capital Bank focuses on savings-oriented products, including online savings and certificates of deposit. All deposits with GE Capital are automatically FDIC-insured and customers are not required to request coverage. With the Capital Bank online banking feature, customers can view their account balances, transactions and transfer money online on-the-go. Additionally, it acts as a commercial finance bank and uses funds in its deposit accounts to supply commercial loans and leases.
GE Capital Bank (FDIC certificate 33778) was established in 1993 and operates online. Mr. Scott E. Roberts, President of GE Capital Bank, leads a team of 137 employees.
GE Capital Bank, headquartered in Salt Lake City, UT, is rated four stars for financial strength by BauerFinancial, Inc., the nation’s leading bank rating firm. As a general rule, a four star rating indicates, among other things, that this institution has at least 1½ times the capital that regulators require, is profitable (or operating with a very small loss) and has kept its delinquent loans in check.
GE Capital Bank is a state chartered commercial bank and not a member of Federal Reserve. With $21 billion in total assets, the FDIC classifies the bank’s asset concentration as "Commercial Lenders" which is defined as institutions whose commercial and industrial loans, plus real estate construction and development loans, plus loans secured by commercial real estate properties exceed 25 percent of total assets.
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I just learned about this bank and opened a savings account. It had the best interest rate I could find and it has gone up since. So far so good.