BankFive is headquartered in FALL RIVER and is the 30th largest bank in the state of Massachusetts. It is also the 626th largest bank in the nation. It was established in 1855 and as of December of 2024, it had grown to 199 employees at 18 locations. BankFive's CD rates are 4X the national average, and it has a B+ health rating.
Overall | |
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FDIC Certificate # | 23286 |
Year Established | 1855 |
Employees | 199 |
Primary Regulator | FED |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.21% |
Return on Equity - YTD | 3.15% |
Annual Interest Income | $81.9MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2024vs Q4 2023 | $1.87B$1.81B |
Loans | Q4 2024vs Q4 2023 | $1.44B$1.42B |
Deposits | Q4 2024vs Q4 2023 | $1.35B$1.31B |
Equity Capital | Q4 2024vs Q4 2023 | $122.1MM$119.5MM |
Loan Loss Allowance | Q4 2024vs Q4 2023 | $9.1MM$8.6MM |
Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $2.9MM$1.5MM |
Real Estate Owned | Q4 2024vs Q4 2023 | $631K$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.60% | $10 | - | eAccess Savings | |
0.10% | $10 | - | Nickels Savings Account | |
0.05% | $100 | - | Statement Savings | |
0.05% | $10 | - | Student Savings | |
0.05% | $25 | - | Lucky Piggy Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.15%* | $50k* | - | Money Market Account | ||
OTHER TIERS: 0.10% → $100 - $50k | |||||
0.15%* | $25k* | - | Business Money Market Account | ||
OTHER TIERS: 0.05% → $10 - $1k | 0.10% → $1k - $25k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
1.00% | $10 | - | eAccess Checking | |
0.15% | $100 | - | Relationship Checking | |
0.05% | $10 | - | Basic Checking |