Bank of Akron

Overview / Commentary
46 Main Street
Akron, NY 14001

Bank of Akron is headquartered in Akron and is the 94th largest bank in the state of New York. It is also the 1,943rd largest bank in the nation. It was established in 1900 and as of December of 2018, it had grown to 74 employees at 5 locations. Bank of Akron's CD rates are 3X the national average, and it has an A health rating.


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Health Grade Components

FDIC Certificate #13290
Year Established1900
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.15%
Return on Equity - YTD11.27%
Annual Interest Income$15.0MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$350.0MM$321.3MM
LoansQ4 2018vs Q4 2017$285.8MM$255.6MM
DepositsQ4 2018vs Q4 2017$299.1MM$277.7MM
Equity CapitalQ4 2018vs Q4 2017$35.3MM$32.6MM
Loan Loss AllowanceQ4 2018vs Q4 2017$5.6MM$5.7MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$3.4MM$5.8MM
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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Always verify rates and promotions with the bank or credit union. We are not Bank of Akron; we are a rate comparison website and cannot provide official rates or promotions.

* 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%--Now Account

Bank of Akron CD Rates

3.25%$1k-36 Month CD w/ Relationship
3.00%$500-36 Month CD
3.00%$1k-24 Month CD w/ Relationship
3.00%$500-Business 36 Month CD
2.75%$500-24 Month CD
2.75%$1k-18 Month CD w/ Relationship
2.75%$500-Business 24 Month CD
2.50%$500-18 Month CD
2.50%$1k-12 Month CD w/ Relationship
2.50%$500-Business 18 Month CD
2.25%$500-Business 12 Month CD
2.25%$500-12 Month CD
1.75%$500-6 Month CD
1.75%$500-Business 6 Month CD

Bank of Akron IRA Rates

3.00%$500-36 Month IRA
2.75%$500-24 Month IRA
2.50%$500-18 Month IRA
2.25%$500-12 Month IRA
1.75%$500-6 Month IRA

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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