Overview / Commentary
125 High Street, 17th Floor
Boston, MA 02110

Domestic Bank was founded in 1967 to provide a full line of exceptional services to businesses and consumers, borrowers and savers.

For over 40 years, they've grown by honoring a tradition of service, prudent lending and an overall conservative approach to finance. At the same time, they've expanded their services to offer comprehensive programs to meet the complete banking needs of their customers.

Reviews (2)

Don't Take A Loan From Them.

Posted by: |

When they took over Domestic Bank we became stuck with them, We would send our mortgage payments overnight as a certified check ,certified mail with signature required. Admirals Bank takes excessive amounts of time to credit payments received in the mail. For example,someone would sign for our letter on the 4th at1012 am and our payment would get credited to our account on the 17th. Meanwhile late fees and interest keeps racking up. Once again, this month, we received a late payment letter 6 days after our payment was received. This is not an isolated incident. It has been happening 70% of the time since they took over our original lender.

I read good things about their walk-in banking services, I read about how they have a beautiful office but that does not make up for the incompetence of their loan servicing department. Maybe they are just a great place for cashing a check or opening a savings account. They really need to revamp how they process payments to them.

Do Not Use This Bank

Posted by: |

Very bad customer service.  They closed my local branch and lied about opening a new one.  They later closed my account with only 29 days notice and did not give me an extension when I asked for one to notify all my automatic depositers and payees.  I never overdrew or did anything negative but they must have decided I was too small for them so they dropped me.

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. ETHIC has a negative return on equity.

Health Grade Components

FDIC Certificate #27015
Year Established1967
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-1.85%
Return on Equity - YTD-17.44%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$226.0MM$241.0MM
LoansQ1 2022vs Q1 2021$162.1MM$206.3MM
DepositsQ1 2022vs Q1 2021$199.6MM$214.8MM
Equity CapitalQ1 2022vs Q1 2021$23.9MM$24.0MM
Loan Loss AllowanceQ1 2022vs Q1 2021$1.4MM$2.1MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$542.00K$1.1MM
Real Estate OwnedQ1 2022vs Q1 2021$0$0

Sorry, we do not have rate data for ETHIC.


ETHIC Locations
Admirals Bank125 High StBoston, MA 02110
Ethic - Ri Branch935 Jefferson BlvdWarwick, RI 02886

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.