Lee Bank is headquartered in Lee and is the 84th largest bank in the state of Massachusetts. It is also the 1,810th largest bank in the nation. It was established in 1992 and as of June of 2020, it had grown to 78 employees at 5 locations. Lee Bank has a B+ health rating.
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 Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 33645 |
| Year Established | 1992 |
| Employees | 78 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.15% |
| Return on Equity - YTD | 1.72% |
| Annual Interest Income | $7.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $432.1MM$387.1MM |
| Loans | Q2 2020vs Q2 2019 | $341.9MM$317.8MM |
| Deposits | Q2 2020vs Q2 2019 | $366.5MM$317.8MM |
| Equity Capital | Q2 2020vs Q2 2019 | $35.8MM$33.6MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $3.8MM$3.3MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $2.8MM$2.5MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $265.00K$0 |