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Lee Bank


Overview / Commentary
www.leebank.com
413-243-0117
75 Park Street
Lee, MA 01238

Lee Bank is headquartered in Lee and is the 82nd largest bank in the state of Massachusetts. It is also the 1,775th largest bank in the nation. It was established in 1992 and as of March of 2021, it had grown to 74 employees at 5 locations. Lee Bank has a B+ health rating.

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Lee Bank (MA) Kasasa Brand Products Available In 7 Northeast States - 4/29/2021

Lee Bank (MA) continues to offer its competitive Kasasa brand products in Connecticut, Maine, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont.

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Reviews (3)

Why Would You Bank Anywhere Else? Great Bank!

Posted by: |

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?

4

Bank Here!

Posted by: |

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.

5

Only In New England

Posted by: |

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".

6


Health
B+

Data as of Q1 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #33645
Year Established1992
Employees74
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.76%
Return on Equity - YTD9.45%
Annual Interest Income$3.9MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$477.5MM$393.7MM
LoansQ1 2021vs Q1 2020$335.1MM$319.4MM
DepositsQ1 2021vs Q1 2020$417.8MM$329.3MM
Equity CapitalQ1 2021vs Q1 2020$37.5MM$34.2MM
Loan Loss AllowanceQ1 2021vs Q1 2020$4.0MM$3.2MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$2.7MM$2.4MM
Real Estate OwnedQ1 2021vs Q1 2020$0$265.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Lee 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.

Lee Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*-$25kKasasa Saver
OTHER TIERS: 0.50% → $25k+
0.10%$10-Personal Savings Account
0.01%$25-Health Savings Account

Lee Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$100k*-Clear Choice Money Market
OTHER TIERS: 0.10% → $10 - $25k | 0.15% → $25k - $100k

Lee Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%*-$10kKasasa Cash
OTHER TIERS: 0.50% → $10k+

Lee Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%$500-48 Month CD
0.45%$500-36 Month CD
0.40%$500-30 Month CD
0.35%$500-24 Month CD
0.30%$500-18 Month CD
0.25%$500-12 Month CD
0.20%$500-6 Month CD
0.15%$500-3 Month CD

Lee Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%$500-48 Month IRA CD
0.45%$500-36 Month IRA CD
0.40%$500-30 Month IRA CD
0.35%$500-24 Month IRA CD
0.30%$500-18 Month IRA CD
0.25%$500-12 Month IRA CD
0.20%$500-6 Month IRA CD
0.15%$500-3 Month IRA CD
Locations


Lee Bank Locations
Great Barrington Branch279 Main StreetGreat Barrington, MA 01230
Pittsfield Branch75 North StreetPittsfield, MA 01201
Lee Bank75 Park StreetLee, MA 01238
Stockbridge BranchElm StreetStockbridge, MA 01262
Lenox Branch450 Pittsfield-Lenox RoadLenox, MA 01240

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