2. Bank of New England

Bank of New England


Overview / Commentary
bankofnewengland.com
603-894-5700
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 826th largest bank in the nation. It was established in 1983 and as of June of 2019, it had grown to 109 employees at 9 locations. Bank of New England's CD rates are 12% higher than the national average, and it has a B+ health rating.

Related Posts

Bank of New England Offers 3.04% APY On 48-59 Month CD - 8/21/2019

Bank of New England is offering 3.04% APY on two long-term CDs: 48-59-month and 60-month. Minimum opening deposit is $500, with no stated balance cap.

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Health
B+

Data as of Q2 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #24540
Year Established1983
Employees109
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.69%
Return on Equity - YTD11.62%
Annual Interest Income$25.2MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$959.8MM$868.7MM
LoansQ2 2019vs Q2 2018$830.2MM$766.0MM
DepositsQ2 2019vs Q2 2018$808.3MM$741.4MM
Equity CapitalQ2 2019vs Q2 2018$140.6MM$125.9MM
Loan Loss AllowanceQ2 2019vs Q2 2018$9.5MM$8.5MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$1.7MM$1.8MM
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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Bank of New England CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.58%$500-60 Month CD
2.47%$500-48-59 Month CD
2.27%$500-36-47 Month CD
1.76%$500-24-35 Month CD
1.26%$500-18 Month CD
1.01%$500-12-23 Month CD
0.25%$500-183-364 Day CD
0.15%$500-7-30 Day CD
0.15%$500-31-90 Day CD
0.15%$500-91-182 Day CD
Locations


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 RoadSalem, NH 03079
Haverhill Branch37 Emerson StreetHaverhill, MA 01830
Windham Office58 Range RoadWindham, NH 03087

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