Bank Onward (Bo)

Deposits held and insured by ConnectOne Bank

Overview / Commentary
2455 Morris Avenue
Union, NJ 07083
Deposits held and insured by ConnectOne Bank

Related Posts

Bank Onward Is New Online Division Of ConnectOne Bank - 10/11/2021

The inaugural account offered by Bank Onward (online division of ConnectOne Bank) is the Bo Savings account, which currently has a rate-leading APY.


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Data as of Q2 2021

Data displayed below is for insuring bank: ConnectOne Bank
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Health Grade Components

FDIC Certificate #57919
Year Established2005
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.82%
Return on Equity - YTD13.38%
Annual Interest Income$145.7MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$7.71B$7.62B
LoansQ2 2021vs Q2 2020$6.34B$6.31B
DepositsQ2 2021vs Q2 2020$6.22B$5.91B
Equity CapitalQ2 2021vs Q2 2020$1.05B$953.4MM
Loan Loss AllowanceQ2 2021vs Q2 2020$78.7MM$68.7MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$75.9MM$70.6MM
Real Estate OwnedQ2 2021vs Q2 2020$0$0
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Bank Onward (Bo) Savings Account Rates

0.65%--Bo Savings

Bank Onward (Bo) is an Internet only bank and does not have branch locations. Its headquarters is located at 2455 Morris Avenue - Union, NJ 07083

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