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Two Park Circle
Westfield Center, OH 44251

Westfield Bank FSB is headquartered in Westfield Center and is the 22nd largest bank in the state of Ohio. It is also the 819st largest bank in the nation. It was established in 2001 and as of June of 2014, it had grown to 127 employees at 7 locations. Westfield Bank FSB's savings rates are 94% higher than the national average, and it has a A health rating.

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Reviews (3)

Recently Opened High Yield Checking Account. Very Easy. Customer Service Excellent!

I have family that works for another bank, so, I've done all of my personally banking through them my entire life. I was excited to finally start an account with another bank, but was worried about moving my money into another account that I'm unfamiliar with.

The customer service representative at Westfield Bank was able to clearly answer all of my questions (I had to call in a few times to ease my nerve of moving money out of my old bank) and I've never had any trouble filling the requirements to receive 3.5% interest on my rewards checking account.

Although I have a pretty basic account, I still felt that they took the time to listen and care about my concerns. If you like making money just for having money, I highly recommend starting a checking account with Westfield Bank.

FYI: Not Available To Non-US Citizens

I am an Ohio resident but not a US citizen and I was able to successfully complete the application process on CheckingFinder even though I stated that I was a non-US citizen. The next morning I received an email from the bank stating that it is their policy to not open accounts for non-US citizens. I wish they had simply not allowed non-US citizens to go through on the CheckingFinder application so that I don't have to worry now about whether my personal information will be destroyed properly by CheckingFinder or the Bank.


Great Service At Westfield

i also opened a Big dream Checking acct with them 2 weeks ago thanks to banking Guy. ( I live in upstate NY) . Easy and professianal, and did all online, except they called me immediately to state that they couldn't read the faxed D.L> I sent it from a dfiferent machine at work and all approved within 2 hours. So far so great!!!


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 Westfield Bank FSB had $7.62 million in non-current loans and owned real-estate with $100.68 million in equity and loan loss allowances on hand to cover it. This gives Westfield Bank FSB a Texas Ratio of 7.56% 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 Westfield Bank FSB experienced no significant changes from 8.31% as of June 30, 2013 to 7.56% as of June 30, 2014, resulting in a positive change of 8.92%.This indicates that the balance sheet and financial strength for Westfield Bank FSB has had no significant changes in recent periods.

Deposit Growth


In the past year, Westfield Bank FSB has increased its total deposits by $21.49 million, resulting in 3.32% 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 Westfield Bank FSB 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. Westfield Bank FSB has $829.45 million in assets with $100.68 million in equity, resulting in a capitalization level of 12.14%, which is excellent.

Institution Statistics

FDIC Certificate #57077
Year Established2001
Primary RegulatorOCC
Assets and Liabilities
Assets$829.45 million
Loans$579.65 million
Deposits$669.55 million
Equity Capital$92.92 million
Loan Loss Allowance$7.76 million
Unbacked Noncurrent Loans$7.16 million
Real Estate Owned$456,000
Historic Data - June 2013
Assets$786.74 million
Equity Capital$85.37 million
Loan Loss Allowance$7.62 million
Unbacked Noncurrent Loans$7.16 million
Real Estate Owned$327,000
Profit Margin - Quarterly
Return on Assets0.67%
Return on Equity6.07%
Interest Income$15.44 million

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

Westfield Bank FSB Savings Account Rates

1.01%-$25kDream Big Savings - Qualifying
0.30%$50k-Personal Relationship Savings
0.30%--IRA Savings
0.30%--SEP IRA Savings
0.15%--Personal Savings
0.15%--Dream Big Savings - Non Qualifying

Westfield Bank FSB Money Market Rates

0.35%$50k-Business Relationship Money Market
0.35%$50k-Business Signature Money Market
0.20%--Escrow Money Market
0.10%--Public Funds Money Market

Westfield Bank FSB Checking Account Rates

2.01%-$15kDream Big Checking - Qualifying
0.30%$50k-IOTA/IOLTA Checking
0.30%$50k-Business ZBA Checking
0.25%$250-Business Checking
0.20%--Reserve Checking
0.15%--Business Advantage Checking
0.05%--Dream Big Checking - Non Qualifying

Westfield Bank FSB CD Rates

1.26%$5k-5 Year Time Deposit
1.26%$5k-Business 5 Year Time Deposit
1.06%$5k-4 Year Time Deposit
1.06%$5k-Business 4 Year Time Deposit
0.80%$5k-Business 3 Year Time Deposit
0.55%$5k-2 Year Time Deposit
0.55%$5k-Business 2 Year Time Deposit
0.31%$5k-1 Year Time Deposit
0.31%$5k-Business 1 Year Time Deposit
0.25%$5k-6 Month Time Deposit
0.25%$5k-Business 6 Month Time Deposit
0.18%$5k-3 Month Time Deposit
0.18%$5k-Business 3 Month Time Deposit
0.12%$5k-1 Month Time Deposit
0.12%$5k-Business 1 Month Time Deposit
0.08%$5k-3 Year Time Deposit

Westfield Bank FSB IRA Rates

1.26%$2k-5 Year IRA Time Deposit
1.26%$2k-5 Year SEP IRA Time Deposit
1.06%$2k-4 Year IRA Time Deposit
1.06%$2k-4 Year SEP IRA Time Deposit
0.80%$2k-3 Year SEP IRA Time Deposit
0.55%$2k-2 Year IRA Time Deposit
0.55%$2k-2 Year SEP IRA Time Deposit
0.31%$2k-1 Year IRA Time Deposit
0.31%$2k-1 Year SEP IRA Time Deposit
0.25%$2k-6 Month IRA Time Deposit
0.25%$2k-6 Month SEP IRA Time Deposit
0.18%$2k-3 Month IRA Time Deposit
0.18%$2k-3 Month SEP IRA Time Deposit
0.12%$2k-1 Month IRA Time Deposit
0.12%$2k-1 Month SEP IRA Time Deposit
0.08%$2k-3 Year IRA Time Deposit

Westfield Bank FSB Locations
Fairlawn Branch2635 W. Market StFairlawn, OH 44333
Wooster Branch343 West Milltown RoadWooster, OH 44691
Medina Branch4015 Medina RdMedina, OH 44256
Canton Branch4580 Stephen Circle NW, Ste 101Canton, OH 44718
Westfield Bank Masonic Branch4931 Nettleton RoadMedina, OH 44256
Brecksville Branch8751 Brecksville RoadBrecksville, OH 44141
Westfield Bank, FSBTwo Park CircleWestfield Center, OH 44251