Bankwell Bank is headquartered in NEW CANAAN and is the 3rd largest bank in the state of Connecticut. It is also the 366th largest bank in the nation. It was established in 2002 and as of March of 2023, it had grown to 136 employees at 12 locations. Bankwell Bank's money market rates are 10X the national average, and it has a B+ health rating.
Overall | |
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FDIC Certificate # | 57368 |
Year Established | 2002 |
Employees | 136 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.48% |
Return on Equity - YTD | 16.07% |
Annual Interest Income | $44.3MM |
Assets and Liabilities | ||
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Assets | Q1 2023vs Q1 2022 | $3.26B$2.49B |
Loans | Q1 2023vs Q1 2022 | $2.72B$1.96B |
Deposits | Q1 2023vs Q1 2022 | $2.81B$2.17B |
Equity Capital | Q1 2023vs Q1 2022 | $300.9MM$240.8MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $28.0MM$17.1MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $14.3MM$16.0MM |
Real Estate Owned | Q1 2023vs Q1 2022 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Bankwell Bank; we are a rate comparison website and cannot provide official rates or promotions.
* 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 |
---|---|---|---|---|
3.50% | - | - | Smart Savings Promo |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.15% | - | - | Smart Checking Promo |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
5.00% | $1k | - | 12 Month Promo CD | |
4.50% | $1k | - | 6 Month Promo CD | |
4.25% | $1k | - | 18 Month Promo CD |