Overview / Commentary
Bankwell Bank is headquartered in NEW CANAAN and is the 3rd largest bank in the state of Connecticut. It is also the 387th largest bank in the nation. It was established in 2002 and as of September of 2024, it had grown to 140 employees at 9 locations. Bankwell Bank has a B+ health rating.
Reviews (1)
Promotional CD
Posted by: JtAlmond | Dec 8, 2024
I got one of their promo CDs when I had some unrelated money in a savings account at another bank. I got barely over 5% when those highs started backing off in Sept. It was fairly easy to set it up no untoward events have taken place with them. They have an old school app which functions well. I hope it won’t be a problem getting my funds transferred when the CD matures.
Health
B+
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57368 |
| Year Established | 2002 |
| Employees | 140 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.53% |
| Return on Equity - YTD | 5.12% |
| Annual Interest Income | $144.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $3.16B$3.25B |
| Loans | Q3 2024vs Q3 2023 | $2.59B$2.74B |
| Deposits | Q3 2024vs Q3 2023 | $2.7B$2.78B |
| Equity Capital | Q3 2024vs Q3 2023 | $324.8MM$315.6MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $27.8MM$29.3MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $57.8MM$49MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |
