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 5^th largest bank in the state of Connecticut. It is also the 442^nd largest bank in the nation. It was established in 2002 and as of March of 2020, it had grown to 154 employees at 13 locations. Bankwell Bank's money market rates are 48% higher than the national average, and it has a B+ 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

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Health

B+

Data as of Q1 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	57368
Year Established	2002
Employees	154
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.48%
Return on Equity - YTD	4.8%
Annual Interest Income	$20.1MM

Assets and Liabilities
Assets	Q1 2020vs Q1 2019	$2.05B$1.89B
Loans	Q1 2020vs Q1 2019	$1.60B$1.58B
Deposits	Q1 2020vs Q1 2019	$1.69B$1.53B
Equity Capital	Q1 2020vs Q1 2019	$189.1MM$197.2MM
Loan Loss Allowance	Q1 2020vs Q1 2019	$16.7MM$15.4MM
Unbacked Noncurrent Loans	Q1 2020vs Q1 2019	$10.6MM$13.2MM
Real Estate Owned	Q1 2020vs Q1 2019	$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
0.75%	-	-	Smart Savings

Bankwell Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.90%^*	$250k^*	-	Smart Business Money Market
OTHER TIERS: 0.40% → Up to $250k
0.65%	-	-	Smart Money Market

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
1.00%	$1k	-	30 Month CD
0.80%	$1k	-	12 Month CD

Locations

Availability

New York Area

New York Area bank & credit union details

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