Lee Bank is headquartered in LEE and is the 76th largest bank in the state of Massachusetts. It is also the 1,706th largest bank in the nation. It was established in 1992 and as of March of 2023, it had grown to 80 employees at 5 locations. Lee Bank's CD rates are 94% higher than the national average, and it has a B health rating.
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Why Would You Bank Anywhere Else? Great Bank!
Nice people to deal with, friendly, easy to talk to. Always prompt response to any questions, their checking account pays 2.5% with no fees, how can you go wrong?
Bank Here!
This bank is the best - you get a friendly people that you can talk to, always a person on the phone and not a "press 1, 2, 3". Their interest rate for the checking account is incredible, and they refund your ATM fees. I would never bank at any of Banks of America, Chase etc., after banking with these folks. No complaints.
Only In New England
Tried to open an account yesterday. Received this message today - " Thank you for your interest in opening a Kasasa Account with Lee Bank. Unfortunately at this time Lee Bank is only opening accounts for individuals living in the New England area. We apologize for any inconvenience this may have caused you".
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 33645 |
| Year Established | 1992 |
| Employees | 80 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.69% |
| Return on Equity - YTD | 10.64% |
| Annual Interest Income | $4.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $520.9MM$528.7MM |
| Loans | Q1 2023vs Q1 2022 | $356.4MM$320.4MM |
| Deposits | Q1 2023vs Q1 2022 | $461.1MM$480.4MM |
| Equity Capital | Q1 2023vs Q1 2022 | $35.1MM$35.6MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $3.7MM$3.5MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $942.00K$2.1MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $0$0 |