Bank of New England

Overview / Commentary
31 Pelham Road
Salem, NH 03079

Bank of New England is headquartered in Salem and is the 3rd largest bank in the state of New Hampshire. It is also the 780th largest bank in the nation. It was established in 1983 and as of September of 2019, it had grown to 110 employees at 9 locations. Bank of New England has a B+ health rating.

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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 Grade Components

FDIC Certificate #24540
Year Established1983
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.63%
Return on Equity - YTD11.29%
Annual Interest Income$38.7MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$1.03B$927.2MM
LoansQ3 2019vs Q3 2018$873.9MM$785.1MM
DepositsQ3 2019vs Q3 2018$872.6MM$795.7MM
Equity CapitalQ3 2019vs Q3 2018$144.0MM$129.0MM
Loan Loss AllowanceQ3 2019vs Q3 2018$10.0MM$8.6MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$1.9MM$10.3MM
Real Estate OwnedQ3 2019vs Q3 2018$0$0
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Bank of New England CD Rates

2.02%$500-48-59 Month CD
2.02%$500-60 Month CD
1.76%$500-36-47 Month CD
1.26%$500-24-35 Month CD
1.00%$500-18 Month CD
0.75%$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

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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