Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
75 Park Street
Lee, MA 01238

Lee Bank is headquartered in Lee and is the 98th largest bank in the state of Massachusetts. It is also the 2,267th largest bank in the nation. It was established in 1992 and as of March of 2014, it had grown to 72 employees at 5 locations. Lee Bank's savings rates are 2X the national average, and it has a B health rating.

Related Posts

Competitive Reward Checking and Savings Account at Lee Bank in MA - 10/18/2013

Lee Bank has a reward checking and savings account called CACHEChecking and CACHESaver. These accounts are powered by BancVue, and they’re similar to Kasasa Cash and Saver accounts. The rates and bala ...

Reviews (2)

Bank Here!

This bank is the best - you get a friendly people that you can talk to, always a person on the phone and not a "press 1, 2, 3". Their interest rate for the checking account is incredible, and they refund your ATM fees. I would never bank at any of Banks of America, Chase etc., after banking with these folks. No complaints.

Why Would You Bank Anywhere Else? Great Bank!

Nice people to deal with, friendly, easy to talk to. Always prompt response to any questions, their checking account pays 2.5% with no fees, how can you go wrong?


Data for Q1 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 March 31, 2014 Lee Bank had $8.96 million in non-current loans and owned real-estate with $32.4 million in equity and loan loss allowances on hand to cover it. This gives Lee Bank a Texas Ratio of 27.66% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Lee Bank experienced no significant changes from 28.66% as of March 31, 2013 to 27.66% as of March 31, 2014, resulting in a positive change of 3.50%.This indicates that the balance sheet and financial strength for Lee Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Lee Bank has increased its total deposits by $7.8 million, resulting in 4.02% 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 Lee Bank 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. Lee Bank has $285.68 million in assets with $32.4 million in equity, resulting in a capitalization level of 11.34%, which is excellent.

Institution Statistics

FDIC Certificate #33645
Year Established1992
Primary RegulatorFDIC
Assets and Liabilities
Assets$285.68 million
Loans$234.15 million
Deposits$201.59 million
Equity Capital$29.25 million
Loan Loss Allowance$3.16 million
Unbacked Noncurrent Loans$7.93 million
Real Estate Owned$1.03 million
Historic Data - March 2013
Assets$272.23 million
Equity Capital$28.15 million
Loan Loss Allowance$3.15 million
Unbacked Noncurrent Loans$7.93 million
Real Estate Owned$1.42 million
Profit Margin - Quarterly
Net Interest Margin3.49%
Return on Assets0.27%
Return on Equity2.57%
Interest Income$2.57 million

Always verify rates and promotions with the bank or credit union. We are not Lee Bank, we are a rate comparison website and can not provide official rates or promotions.

Lee Bank Savings Account Rates

1.25%-$15kKasasa Saver - Qualifying
0.10%--Personal Savings Account
0.10%$25-Performance Account
0.05%--Kasasa Saver - Non-Qualifying
0.01%$25-Health Savings Account

Lee Bank Money Market Rates

0.20%$100k-Clear Choice Money Market

Lee Bank Checking Account Rates

2.50%-$15kKasasa Cash - Qualifying
0.05%--Kasasa Cash - Non Qualifying

Lee Bank CD Rates

0.90%$500-48 Month CD
0.75%$500-36 Month CD
0.60%$500-30 Month CD
0.50%$500-24 Month CD
0.40%$500-18 Month CD
0.25%$500-12 Month CD
0.20%$500-6 Month CD
0.15%$500-3 Month CD

Lee Bank IRA Rates

0.90%$500-48 Month IRA CD
0.75%$500-36 Month IRA CD
0.60%$500-30 Month IRA CD
0.50%$500-24 Month IRA CD
0.40%$500-18 Month IRA CD
0.25%$500-12 Month IRA CD
0.20%$500-6 Month IRA CD
0.15%$500-3 Month IRA CD

Lee Bank Locations
Great Barrington Branch279 Main StreetGreat Barrington, MA 1230
Pittsfield Branch75 North StreetPittsfield, MA 1201
Lee Bank75 Park StreetLee, MA 1238
Stockbridge BranchElm StreetStockbridge, MA 1262