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208 Elm Street
New Canaan, CT 06840

Bankwell Bank is headquartered in New Canaan and is the 7th largest bank in the state of Connecticut. It is also the 458th largest bank in the nation. It was established in 2002 and as of June of 2017, it had grown to 131 employees at 10 locations. Bankwell Bank's CD rates are 28% higher than the national average, and it has an A health rating.

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Bankwell Bank (CT) Promotes Smart Savings and Smart Money Market - 5/19/2017

Connecticut-based Bankwell Bank's Smart Savings (with Smart Checking relationship) and Smart Money Market ($75k min) both offer a 1.15% APY.

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Health Grade Components

FDIC Certificate #57368
Year Established2002
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.06%
Return on Equity - YTD10.72%
Annual Interest Income$34.1MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$1.75B$1.51B
LoansQ2 2017vs Q2 2016$1.46B$1.26B
DepositsQ2 2017vs Q2 2016$1.42B$1.19B
Equity CapitalQ2 2017vs Q2 2016$171.2MM$152.8MM
Loan Loss AllowanceQ2 2017vs Q2 2016$19.5MM$16.1MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$5.1MM$3.7MM
Real Estate OwnedQ2 2017vs Q2 2016$222.00K$492.00K
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Bankwell Bank CD Rates

1.55%$1k-18 Month CD
1.30%$1k-15 Month CD
1.15%$1k-12 Month CD

Cities: Fairfield, Hamden, New Canaan, North Haven, Norwalk, Stamford, Wilton

Fairfield Branches
Black Rock Turnpike Branch2220 Black Rock TurnpikeFairfield, CT 06825
Fairfield BranchOne Sasco Hill RoadFairfield, CT 06824

Hamden Branches
Bankwell In Hamden2704 Dixwell AvenueHamden, CT 06514

New Canaan Branches
Cherry Street Branch156 Cherry StreetNew Canaan, CT 06840
The Bank Of New Canaan208 Elm StreetNew Canaan, CT 06840

North Haven Branches
North Haven Branch24 Washington AvenueNorth Haven, CT 06473

Norwalk Branches
Norwalk Branch370 Westport AvenueNorwalk, CT 06851

Stamford Branches
Stamford Branch612 Bedford StreetStamford, CT 06901

Wilton Branches
Wilton Br47 Old Ridgefield RoadWilton, CT 06897
Wilton Branch435 Danbury RoadWilton, CT 06897