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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 829th largest bank in the nation. It was established in 1983 and as of March of 2019, it had grown to 106 employees at 9 locations. Bank of New England's CD rates are 40% higher than the national average, and it has a B+ health rating.

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Bank of New England Has 36-Month CD Special - 7/26/2018

Bank of New England has three limited-time CD Specials: 36-month (3.15% APY), 48-month (3.25% APY), and 60-month (3.35% APY). Minimum deposit is $10k.

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Health Grade Components

FDIC Certificate #24540
Year Established1983
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.67%
Return on Equity - YTD11.53%
Annual Interest Income$12.4MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$946.2MM$905.3MM
LoansQ1 2019vs Q1 2018$805.0MM$786.7MM
DepositsQ1 2019vs Q1 2018$797.8MM$780.7MM
Equity CapitalQ1 2019vs Q1 2018$136.8MM$122.0MM
Loan Loss AllowanceQ1 2019vs Q1 2018$9.2MM$8.7MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$1.9MM$1.8MM
Real Estate OwnedQ1 2019vs Q1 2018$0$0
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Bank of New England CD Rates

3.04%$500-48-59 Month CD
3.04%$500-60 Month CD
2.53%$500-36-47 Month CD
2.02%$500-24-35 Month CD
1.51%$500-18 Month CD
1.26%$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
Methuen Branch3 Cross StreetMethuen, MA 01844
Haverhill Branch37 Emerson StreetHaverhill, MA 01830
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
Bank Of New England31 Pelham RoadSalem, NH 03079
Windham Office58 Range RoadWindham, NH 03087

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