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79 North Main Street
Fall River, MA 02720

BankFive is headquartered in Fall River and is the 40th largest bank in the state of Massachusetts. It is also the 893rd largest bank in the nation. It was established in 1855 and as of June of 2014, it had grown to 181 employees at 13 locations. BankFive has a B+ health rating.

Reviews (2)

ACH Services

My company provides a consulting service that we charge a monthly fee for, these fee's are deducted once a month. We signed up with Bank 5 for this service we have over 600 people we help and that pay us every month. Our business depends on our bank drafting service. Bank Five on December 31st writes us a letter telling us they are revoking our ACH account. That the termination is effective Jan 17th.
They couldn't even give us 30 days.
I am so upset right now this could ruin our business.

Dear Mr. Pepi,

BankFive conducts annual reviews of all companies who initiate ACH and/or Wire transactions using our Cash Management/Business Banking online system. After completing the most recent review of Strategic Transitions, a decision has been made by BankFive to revoke the ACH services for Strategic Transitions effective January 17, 2014. After this date, Strategic Transitions will no longer have the ability to initiate ACH transactions via BankFive’s Cash Management/Business Banking online system. In order to avoid a $50.00 fee, please return the security tokens used for approving ACH transactions to BankFive either in person by bringing them to any BankFive office, or mailing them to:


Attn: Customer Contact Center

79 North Main Street

Fall River MA 02720

An Ok Bank

This bank is mostly located in Southern MA.  I only use it basically because of its convience.  The bank is just like all the other banks in the area like Webster, Bank of America and so on.  The only down side is I dont consider them a big enough bank. 


Data for Q2 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 BankFive had $6.97 million in non-current loans and owned real-estate with $83.83 million in equity and loan loss allowances on hand to cover it. This gives BankFive a Texas Ratio of 8.31% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for BankFive experienced no significant changes from 8.59% as of June 30, 2013 to 8.31% as of June 30, 2014, resulting in a positive change of 3.23%.This indicates that the balance sheet and financial strength for BankFive has had no significant changes in recent periods.

Deposit Growth


In the past year, BankFive has increased its total deposits by $20.87 million, resulting in 3.26% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth BankFive has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. BankFive has $768 million in assets with $83.83 million in equity, resulting in a capitalization level of 10.92%, which is above average.

Institution Statistics

FDIC Certificate #23286
Year Established1855
Primary RegulatorFDIC
Assets and Liabilities
Assets$768.00 million
Loans$519.92 million
Deposits$661.33 million
Equity Capital$77.90 million
Loan Loss Allowance$5.93 million
Unbacked Noncurrent Loans$6.59 million
Real Estate Owned$378,000
Historic Data - June 2013
Assets$747.29 million
Equity Capital$71.75 million
Loan Loss Allowance$6.55 million
Unbacked Noncurrent Loans$6.59 million
Real Estate Owned$907,000
Profit Margin - Quarterly
Return on Assets0.42%
Return on Equity4.21%
Interest Income$13.85 million

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BankFive Savings Account Rates

0.25%--eAccess Savings
0.10%--Nickels Savings Account
0.05%--Statement Savings
0.05%--Student Savings

BankFive Money Market Rates

0.15%$50k-High Option Money Market Account

BankFive Checking Account Rates

0.25%--eAccess Checking

BankFive CD Rates

1.25%$500-5 Year CD
0.80%$500-3 Year CD
0.65%$100-2 Year Investment CD
0.50%$500-18 Month CD
0.40%$500-1 Year CD
0.25%$500-6 Month CD

BankFive has 12 locations. Click to view all BankFive locations.