Florence Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.32% | Reward Checking | Reward Checking 1.82% - National Average |
| 0.40% | 1-year CD | 12 Month CD 1.40% - Synchrony Bank 12 Month CD |
| 0.10% | Savings | Security Deposit Account 1.15% - CIT Bank Spring Savings |
Florence Bank is headquartered in Florence and is the 32nd largest bank in the state of Massachusetts. It is also the 589th largest bank in the nation. It was established in 1873 and as of March of 2017, it had grown to 192 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 Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 23293 |
| Year Established | 1873 |
| Employees | 192 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.62% |
| Return on Equity - YTD | 16.54% |
| Annual Interest Income | $11.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $1.31B$1.23B |
| Loans | Q1 2017vs Q1 2016 | $981.3MM$921.6MM |
| Deposits | Q1 2017vs Q1 2016 | $1.10B$1.03B |
| Equity Capital | Q1 2017vs Q1 2016 | $129.6MM$117.8MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $5.1MM$5.3MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $3.7MM$4.6MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $0$0 |
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
Florence Bank Money Market Rates
Florence Bank Checking Account Rates
Florence Bank CD Rates
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 |