Lee Bank


Overview / Commentary
413-243-0117
75 Park Street
Lee, MA 01238

Lee Bank is headquartered in LEE and is the 75th largest bank in the state of Massachusetts. It is also the 1,689th largest bank in the nation. It was established in 1992 and as of December of 2023, it had grown to 79 employees at 5 locations. Lee Bank has a B health rating.

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?

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.

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".



Health

Health Grade Components

Overall
FDIC Certificate #33645
Year Established1992
Employees79
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.39%
Return on Equity - YTD6.01%
Annual Interest Income$20.9MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$544.3MM$529.9MM
LoansQ4 2023vs Q4 2022$383MM$350.1MM
DepositsQ4 2023vs Q4 2022$449.4MM$486.8MM
Equity CapitalQ4 2023vs Q4 2022$37.2MM$32.8MM
Loan Loss AllowanceQ4 2023vs Q4 2022$3.8MM$3.6MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$1.3MM$1.7MM
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Rates

Rates for Lee Bank are currently being reviewed.

Locations


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

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