Bank of New England

Overview / Commentary
31 Pelham Road
Salem, NH 03079

Bank of New England is headquartered in SALEM and is the 4th largest bank in the state of New Hampshire. It is also the 757th largest bank in the nation. It was established in 1983 and as of March of 2024, it had grown to 99 employees at 9 locations. Bank of New England's CD rates are 4X the national average, and it has a B+ health rating.


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Health Grade Components

FDIC Certificate #24540
Year Established1983
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.89%
Return on Equity - YTD10.67%
Annual Interest Income$24.1MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$1.43B$1.31B
LoansQ1 2024vs Q1 2023$1.21B$1.12B
DepositsQ1 2024vs Q1 2023$1.16B$1.05B
Equity CapitalQ1 2024vs Q1 2023$252.6MM$223.2MM
Loan Loss AllowanceQ1 2024vs Q1 2023$11.6MM$11.3MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$30.2MM$358K
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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Bank of New England CD Rates

3.25%$500-12 Months
3.25%$500-15 Month CD
3.04%$500-18 Month CD
2.78%$500-2 Year CD
2.27%$500-3 Year CD
2.27%$500-4 Year CD
2.27%$500-5 Year CD
1.51%$500-6 Month CD
0.25%$500-1 Months
0.25%$500-3 Month CD

Bank of New England Locations
Andover Branch12 Haverhill StreetAndover, MA 01810
Manchester Branch1589 Elm Street, Suite 102Manchester, NH 03101
Bedford Branch177 South River RoadBedford, NH 03110
Londonderry Br.1a Action BoulevardLondonderry, NH 03053
Nashua Branch295 Main StreetNashua, NH 03060
Methuen Branch3 Cross StreetMethuen, MA 01844
Bank Of New England31 Pelham RdSalem, NH 03079
Haverhill Branch37 Emerson StreetHaverhill, MA 01830
Windham Office14 Bank RoadWindham, NH 03087

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