New Haven Bank is headquartered in New Haven and is the 29th largest bank in the state of Connecticut. It is also the 3,336th largest bank in the nation. It was established in 2010 and as of June of 2022, it had grown to 20 employees at 1 location. New Haven Bank has an A+ health rating.
We opened a CD when this community bank first opened and we saw the post in the rates blog. It was a Connecticut drama when a northeast regional bank took over banking in the New Haven area, and this bank was a way to keep a local bank serving the community. We visited a branch, the staff were all very helpful and it was easy to open accounts. Since we don't live nearby, we have since been able to deal with them by phone, mail or through bank networks. It is a small bank, so may not yet have some electronic services, but your money will not be in a big bank with no standards. It will help serve a small community bank that works in its neighborhood. After two years, we're still satisfied with this bank.
|FDIC Certificate #||58952|
|Return on Assets - YTD||1.03%|
|Return on Equity - YTD||8.68%|
|Annual Interest Income||$3.2MM|
|Assets and Liabilities|
|Assets||Q2 2022vs Q2 2021||$169.7MM$166.3MM|
|Loans||Q2 2022vs Q2 2021||$135.5MM$136.1MM|
|Deposits||Q2 2022vs Q2 2021||$132.7MM$130.4MM|
|Equity Capital||Q2 2022vs Q2 2021||$19.8MM$18.6MM|
|Loan Loss Allowance||Q2 2022vs Q2 2021||$1.8MM$1.8MM|
|Unbacked Noncurrent Loans||Q2 2022vs Q2 2021||$10.00K$58.00K|
|Real Estate Owned||Q2 2022vs Q2 2021||$0$0|
Rates for New Haven Bank are currently being reviewed.
|New Haven Bank Locations|
|Start Community Bank||299 Whalley Ave||New Haven, CT 06511|