New Haven Bank


Overview / Commentary
203-285-6490
299 Whalley Avenue
New Haven, CT 06511

New Haven Bank is headquartered in NEW HAVEN and is the 28th largest bank in the state of Connecticut. It is also the 3,113th largest bank in the nation. It was established in 2010 and as of December of 2023, it had grown to 23 employees at 2 locations. New Haven Bank has an A+ health rating.

Reviews (1)

Very Helpful Staff, Good Service.

Posted by: |

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.



Health
A+

Health Grade Components

Overall
FDIC Certificate #58952
Year Established2010
Employees23
Primary RegulatorFED
Profit Margin
Return on Assets - YTD-0.15%
Return on Equity - YTD-1.35%
Annual Interest Income$8.1MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$189.7MM$175.8MM
LoansQ4 2023vs Q4 2022$161.8MM$145.9MM
DepositsQ4 2023vs Q4 2022$141.1MM$139MM
Equity CapitalQ4 2023vs Q4 2022$19.7MM$20.2MM
Loan Loss AllowanceQ4 2023vs Q4 2022$1.9MM$1.9MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$249K$0
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Rates

Rates for New Haven Bank are currently being reviewed.

Locations


New Haven Bank Locations
Start Community Bank299 Whalley AveNew Haven, CT 06511

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