Bankwell Bank

Overview / Commentary

www.mybankwell.com

203-972-3838

208 Elm Street
New Canaan, CT 06840

Bankwell Bank is headquartered in New Canaan and is the 6^th largest bank in the state of Connecticut. It is also the 464^th largest bank in the nation. It was established in 2002 and as of September of 2019, it had grown to 159 employees at 13 locations. Bankwell Bank's money market rates are 4X the national average, and it has an A health rating.

View all posts from:

2017
2016

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

3/17 - Bankwell Bank (CT) Offers "Bread or Toast" $150 Checking Bonus

Reviews

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Health

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	57368
Year Established	2002
Employees	159
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.24%
Return on Equity - YTD	11.86%
Annual Interest Income	$63.0MM

Assets and Liabilities
Assets	Q3 2019vs Q3 2018	$1.86B$1.88B
Loans	Q3 2019vs Q3 2018	$1.55B$1.59B
Deposits	Q3 2019vs Q3 2018	$1.48B$1.50B
Equity Capital	Q3 2019vs Q3 2018	$194.7MM$193.5MM
Loan Loss Allowance	Q3 2019vs Q3 2018	$13.2MM$19.3MM
Unbacked Noncurrent Loans	Q3 2019vs Q3 2018	$9.9MM$22.0MM
Real Estate Owned	Q3 2019vs Q3 2018	$0$0

Rates

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Savings
Money Market
Checking
CD

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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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.75%	-	-	Smart Savings

Bankwell Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.65%	-	-	Smart Money Market
1.40%^*	$250k^*	-	Smart Business Money Market
OTHER TIERS: 1.25% → Up to $250k

Bankwell Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%	-	-	Smart Checking

Bankwell Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.90%	$1k	-	18 Month CD
1.80%	$1k	-	12 Month CD

Locations

Availability

New York Area

New York Area bank & credit union details

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