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Overview / Commentary
46 Main Street
Akron, NY 14001

Bank of Akron is headquartered in Akron and is the 97th largest bank in the state of New York. It is also the 2,028th largest bank in the nation. It was established in 1900 and as of March of 2018, it had grown to 76 employees at 5 locations. Bank of Akron's CD rates are 2X the national average, and it has a B+ health rating.


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Health Grade Components

FDIC Certificate #13290
Year Established1900
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.1%
Return on Equity - YTD10.86%
Annual Interest Income$3.4MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$327.8MM$307.3MM
LoansQ1 2018vs Q1 2017$260.2MM$241.7MM
DepositsQ1 2018vs Q1 2017$283.7MM$267.9MM
Equity CapitalQ1 2018vs Q1 2017$33.2MM$28.4MM
Loan Loss AllowanceQ1 2018vs Q1 2017$5.8MM$5.0MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$5.4MM$4.3MM
Real Estate OwnedQ1 2018vs Q1 2017$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bank of Akron Savings Account Rates

0.75%*-$10kCashBack Saver
OTHER TIERS: 0.20% $10k+
0.20%*$100k*-Statement Savings
OTHER TIERS: 0.10% Up to $25k | 0.15% $25k - $100k
0.15%--Christmas Club Account

Bank of Akron Money Market Rates

0.30%*$500k*-Money Market
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $25k | 0.20% $25k - $100k | 0.25% $100k - $500k

Bank of Akron Checking Account Rates

0.05%$1k-Now Account

Bank of Akron CD Rates

3.00%$1k-36 Month CD w/ Relationship
2.75%$500-36 Month CD
2.75%$1k-24 Month CD w/ Relationship
2.50%$500-24 Month CD
2.50%$1k-18 Month CD w/ Relationship
2.25%$500-18 Month CD
2.25%$1k-12 Month CD w/ Relationship
2.00%$500-12 Month CD

Bank of Akron Locations
Lancaster Office3619 Walden AvenueLancaster, NY 14086
Bank Of Akron46 Main StreetAkron, NY 14001
Akron Branch77 Buell StreetAkron, NY 14001
Clarence Center Branch9470 Clarence Center RoadClarence, NY 14032
Clarence Branch9865 Main RoadClarence, NY 14031

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