Bankwell Bank


Overview / Commentary
203-972-3838
208 Elm Street
New Canaan, CT 06840

Bankwell Bank is headquartered in New Canaan and is the 5th largest bank in the state of Connecticut. It is also the 475th largest bank in the nation. It was established in 2002 and as of March of 2021, it had grown to 123 employees at 13 locations. Bankwell Bank has a B health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #57368
Year Established2002
Employees123
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.2%
Return on Equity - YTD14.56%
Annual Interest Income$18.8MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$2.24B$2.05B
LoansQ1 2021vs Q1 2020$1.65B$1.60B
DepositsQ1 2021vs Q1 2020$1.88B$1.69B
Equity CapitalQ1 2021vs Q1 2020$193.1MM$189.1MM
Loan Loss AllowanceQ1 2021vs Q1 2020$20.5MM$16.7MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$34.0MM$10.6MM
Real Estate OwnedQ1 2021vs Q1 2020$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bankwell Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--Smart Savings

Bankwell Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$250k*-Smart Business Money Market
OTHER TIERS: 0.15% Up to $250k
0.20%--Smart Money Market

Bankwell Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--Smart Checking

Bankwell Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$1k-3 Year CD
Locations

Availability



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