Magnolia Bank NMLS #423028
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Who is Magnolia Bank?
Magnolia Bank (NMLS #423028) is a lender or broker listed in the NMLS registry. FreeRateUpdate publishes this review alongside current mortgage rates, a rate finder, and mortgage calculators.
Key Facts
- Lender or brokerMagnolia Bank
- NMLS #423028
- Verified by FreeRateUpdateCompany name and NMLS ID, checked against NMLS on
- In the FreeRateUpdate network since
- Profile updated
- Biography reviewed byPaige Sutton, NMLS #1888684 ()
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Reported application outcomes and pricing, 2025
- 2025 home loan decisionsOf 4,614 applications decided by Magnolia Bank, Incorporated in 2025, 4,097 were originated, 41 were approved but not accepted by the borrower, and 476 were denied.
- Median rate spread0.219 (reported on 3,981 originations, 116 reported no spread at all -- a median of what was reported, not of everything originated)
That is an approval rate of 89.7%. Withdrawn, incomplete and purchased loans are not counted here and are not part of that rate.
These are reported outcomes from past applications, and on their own they do not show how this lender treated any borrower.
Evidence read 2026-10-10T20:58:22+00:00
Source: FFIEC HMDA data browser, 2025 filing. Historical HMDA-reported application outcomes and pricing fields for Magnolia Bank, Incorporated — historical outcomes for the applications it decided. This is not a statement of any consumer's likelihood of approval and not a current rate quote.
About Magnolia Bank
Overview
Magnolia Bank is a bank that offers consumer banking, business banking, and home lending. Its consumer banking products include checking, savings, and mobile banking.
Mortgage options
Magnolia Bank offers home loans and a home equity line of credit. The home equity line of credit uses home equity for needs such as home improvements, debt consolidation, or college costs.
Company details and licensing
Magnolia Bank, Incorporated is a Kentucky corporation formed on September 29, 1919. The company does business as Magnolia Bank, and its headquarters are at 651 West Dixie Ave, Elizabethtown, Kentucky 42701.
Its NMLS company ID is 423028. Licensing is verifiable through NMLS Consumer Access.
Verify NMLS #423028 on NMLS Consumer Access
Sources
Sources last checked . These are the outside records this profile was written from. FreeRateUpdate is not affiliated with them, and they have not reviewed, endorsed, or approved FreeRateUpdate or this page.
Frequently Asked Questions
What is Magnolia Bank's NMLS number?
Magnolia Bank's NMLS number is 423028. You can look up its license status on NMLS Consumer Access, at nmlsconsumeraccess.org.
Has FreeRateUpdate verified Magnolia Bank's NMLS ID?
Yes. We checked Magnolia Bank's company name and NMLS ID against the NMLS record on December 30, 2025. They've been in our lender network since March 2011. That confirms who the company is. It isn't an endorsement, and it doesn't check their license in any particular state.
Where can I learn more about Magnolia Bank?
This page has Magnolia Bank's NMLS identity, which we verified, and its company details, with links to the records they come from where we have them. For its license status in a particular state, check NMLS Consumer Access.