Florence Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.32% | Reward Checking | Reward Checking 1.75% - National Average |
| 0.40% | 1-year CD | 12 Month CD 1.05% - Ally Bank High Yield 12-Month CD |
| 0.10% | Savings | Security Deposit Account 1.00% - Ally Bank Online Savings Account |
Florence Bank is headquartered in Florence and is the 31st largest bank in the state of Massachusetts. It is also the 592nd largest bank in the nation. It was established in 1873 and as of June of 2016, it had grown to 194 employees at 10 locations. Florence Bank has an A+ health rating.
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Stay Away - Please!!!
Can't speak for their residential loan services, but as far as their commercial loan department they are the WORST. I'd go so far as to say that if I landed on the Moon and they were the only bank there I'd fire up the boosters and head for Mars. Incompetent and ineffective loan officers, reprehensible loan committee, draconian policies - please, please do yourself a favor and find another bank for your commercial loan business, or you'll be very sorry. Barely one small step above worthless, one giant leap below a bank you should give your commercial business to. If I took the time and effort to post this feedback please believe it is to help others from getting screwed.......
Lousy, Lousy Customer Service.
When a teller screwed up and gave my wife wrong information, the manager of the King Street Branch, who also claims to be VP for customer service, effectively called my wife a liar and refused to do anything to rectify the problem.
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 23293 |
| Year Established | 1873 |
| Employees | 194 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.67% |
| Return on Equity - YTD | 6.94% |
| Annual Interest Income | $21.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $1.25B$1.12B |
| Loans | Q2 2016vs Q2 2015 | $934.5MM$858.5MM |
| Deposits | Q2 2016vs Q2 2015 | $1.05B$943.9MM |
| Equity Capital | Q2 2016vs Q2 2015 | $120.7MM$113.8MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $5.3MM$5.4MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $3.4MM$5.8MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$423.00K |
Always verify rates and promotions with the bank or credit union. We are not Florence Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Florence Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | - | - | School Savings | |
| 0.10% | - | - | Variable IRA Savings | |
| 0.10% | - | - | EZ Savings | |
| 0.10% | - | - | Club Savings | |
| 0.10% | - | - | Client Escrow Savings | |
| 0.10% | - | - | Statement Savings | |
| 0.10% | - | - | Security Deposit Account |
Florence Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.15%* | $100k* | - | Business Money Market | ||
| OTHER TIERS: 0.10% → $10 - $100k | |||||
| 0.10% | - | - | Money Market Deposit Account | ||
Florence Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.00% | - | - | Client Escrow Checking | ||
| 1.00% | - | - | IOLTA Checking | ||
| 0.32%* | - | $25k | Reward Checking | ||
| OTHER TIERS: 0.10% → $25k+ | |||||
| 0.15%* | $250k* | - | Business Interest Checking | ||
| OTHER TIERS: 0.01% → Up to $100k | 0.10% → $100k - $250k | |||||
Florence Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.50% | $500 | - | 48 Month CD | |
| 1.50% | $500 | - | Business 48 Month CD | |
| 1.25% | $500 | - | 30 Month CD | |
| 1.25% | $500 | - | Business 30 Month CD | |
| 0.75% | $500 | - | 36 Month CD | |
| 0.75% | $500 | - | Business 36 Month CD | |
| 0.65% | $500 | $1m | 25 Month Promotional CD | |
| 0.65% | $500 | $1m | Business 25 Month Promotional CD | |
| 0.55% | $500 | - | 24 Month CD | |
| 0.55% | $500 | - | Business 24 Month CD | |
| 0.45% | $500 | - | 18 Month CD | |
| 0.45% | $500 | - | Business 18 Month CD | |
| 0.40% | $500 | - | 12 Month CD | |
| 0.40% | $500 | - | Business 12 Month CD | |
| 0.30% | $5k | - | 17 Month Easy-Out CD | |
| 0.30% | $5k | - | Business 17 Month Easy-Out CD | |
| 0.25% | $500 | - | 6 Month CD | |
| 0.25% | $500 | - | Business 6 Month CD | |
| 0.15% | $5k | - | 7 Month Easy-Out CD | |
| 0.15% | $5k | - | Business 7 Month Easy-Out CD | |
| 0.10% | $500 | - | 3 Month CD | |
| 0.10% | $500 | - | Business 3 Month CD |
Florence Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.25% | $500 | - | 60 Month IRA | |
| 0.75% | $500 | - | 36 Month IRA | |
| 0.45% | $500 | - | 18 Month IRA | |
| 0.40% | $500 | - | 12 Month IRA |
| Florence Bank Locations | ||
|---|---|---|
| Williamsburg Branch | 1 Main Street | Williamsburg, MA 01096 |
| King Street Branch | 176 King Street | Northampton, MA 01060 |
| Belchertown Branch | 20 George Hannum Street | Belchertown, MA 01007 |
| Hadley Branch | 377 Russell Street | Hadley, MA 01035 |
| College Street Branch | 385 College Street | Amherst, MA 01002 |
| Easthampton Branch | 5 Main Street | Easthampton, MA 01027 |
| Northampton Branch | 58 Main Street | Northampton, MA 01060 |
| Granby Branch | 68 Pleasant Street | Granby, MA 01033 |
| Florence Savings Bank | 85 Main Street | Florence, MA 01062 |
| Florence Drive-Up Branch | 69 Main Street | Florence, MA 01062 |