Lowell Five is headquartered in Tewksbury and is the 36th largest bank in the state of Massachusetts. It is also the 684th largest bank in the nation. It was established in 1854 and as of September of 2020, it had grown to 215 employees at 16 locations. Lowell Five's money market rates are 70% higher than the national average, and it has an A health rating.
Overall | |
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FDIC Certificate # | 90227 |
Year Established | 1854 |
Employees | 215 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.42% |
Return on Equity - YTD | 3.56% |
Annual Interest Income | $35.9MM |
Assets and Liabilities | ||
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Assets | Q3 2020vs Q3 2019 | $1.40B$1.18B |
Loans | Q3 2020vs Q3 2019 | $1.04B$909.4MM |
Deposits | Q3 2020vs Q3 2019 | $1.22B$1.01B |
Equity Capital | Q3 2020vs Q3 2019 | $158.7MM$150.6MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $9.8MM$8.9MM |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $13.0MM$3.8MM |
Real Estate Owned | Q3 2020vs Q3 2019 | $0$1.7MM |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $5k | - | Advantage Business Checking | |
0.05% | $15k | - | Premier Business Checking |