BayCoast Bank

Overview / Commentary
330 Swansea Mall Drive
Swansea, MA 02777

BayCoast Bank is headquartered in Swansea and is the 20th largest bank in the state of Massachusetts. It is also the 435th largest bank in the nation. It was established in 1851 and as of June of 2022, it had grown to 577 employees at 26 locations. BayCoast Bank has an A health rating.

Reviews (1)

They Are Reprehensible

Posted by: |

I have been banking with this company for over a decade. Our time together has come to an end. Within this timeframe, they have failed to properly secure my accounts. I had an old account hacked. Several "scares", attempted fraudulent charges. I have also traveled abroad and an employee "forgot" to unblock my account for overseas use. That was a terrifying 24 hrs, and no apology from the staff. They have very flexible security protocols inhouse. Your personal info is at risk. Your money is at risk. Over the phone they ask for info that is a breach of security. Once, after making a minor complaint about an interaction with a maintenance worker, the assistant manager asked not for my name, but for my account number to identify me! Not to mention too many fees for small services, each fee $3 a piece. They slowly drain your account to line their pockets. Do not use this bank. I no longer am.


Health Grade Components

FDIC Certificate #90196
Year Established1851
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.45%
Return on Equity - YTD-5.29%
Annual Interest Income$41.5MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$2.58B$2.24B
LoansQ2 2022vs Q2 2021$2.01B$1.73B
DepositsQ2 2022vs Q2 2021$2.20B$1.94B
Equity CapitalQ2 2022vs Q2 2021$195.3MM$195.4MM
Loan Loss AllowanceQ2 2022vs Q2 2021$21.9MM$20.0MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$2.3MM$3.6MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0

Rates for BayCoast Bank are currently being reviewed.



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