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 83^rd largest bank in the state of Massachusetts. It is also the 1,776^th largest bank in the nation. It was established in 1992 and as of September of 2020, it had grown to 79 employees at 5 locations. Lee Bank has a B+ health rating.

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2018
2016
2013

2/5 - Lee Bank (MA) Offers Kasasa Cash In Seven States

8/8 - Lee Bank (MA) Offers Kasasa Cash In Six States

10/18 - Competitive Reward Checking and Savings Account at Lee Bank in MA

Reviews (3)

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Why Would You Bank Anywhere Else? Great Bank!

Posted by: Anonymous | Jan 27, 2012

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?

Comment

Bank Here!

Posted by: Anonymous | Sep 27, 2011

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.

Comment

Only In New England

Posted by: In Search of Yield | Sep 3, 2014

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".

Comment

Health

B+

Data as of Q3 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	33645
Year Established	1992
Employees	79
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.57%
Return on Equity - YTD	6.74%
Annual Interest Income	$11.7MM

Assets and Liabilities
Assets	Q3 2020vs Q3 2019	$448.6MM$400.4MM
Loans	Q3 2020vs Q3 2019	$342.1MM$324.0MM
Deposits	Q3 2020vs Q3 2019	$381.7MM$329.7MM
Equity Capital	Q3 2020vs Q3 2019	$36.3MM$34.3MM
Loan Loss Allowance	Q3 2020vs Q3 2019	$3.8MM$3.3MM
Unbacked Noncurrent Loans	Q3 2020vs Q3 2019	$2.9MM$2.5MM
Real Estate Owned	Q3 2020vs Q3 2019	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
1.25%^*	-	$25k	Kasasa Saver
OTHER TIERS: 0.50% → $25k+
0.10%	$10	-	Personal Savings Account
0.01%	$25	-	Health Savings Account

Lee Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%^*	$100k^*	-	Clear Choice Money Market
OTHER TIERS: 0.10% → $10 - $25k \| 0.15% → $25k - $100k

Lee Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.50%^*	-	$10k	Kasasa Cash
OTHER TIERS: 0.50% → $10k+

Lee Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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 Branch	279 Main Street	Great Barrington, MA 01230
Pittsfield Branch	75 North Street	Pittsfield, MA 01201
Lee Bank	75 Park Street	Lee, MA 01238
Stockbridge Branch	Elm Street	Stockbridge, MA 01262
Lenox Branch	450 Pittsfield-Lenox Road	Lenox, MA 01240

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