Martha's Vineyard Bank is headquartered in EDGARTOWN and is the 45th largest bank in the state of Massachusetts. It is also the 808th largest bank in the nation. It was established in 1955 and as of December of 2023, it had grown to 109 employees at 10 locations. Martha's Vineyard Bank has an A health rating.
Disappointed With Martha Vineyard CD That Matured
I am totally disappointed with Martha Vineyard Bank (Solutions Desk) and the handling of my CD that matured and the online transfer of my money. I gave clear written instructions of were to send my funds, and my money was sent to the wrong bank and wrong account. Martha Vineyard person did not offer any help on fixing their error and left it up to me to correct. The MV person was also very cavalier about the entire event. I can't let this be swept under the rug and someone should know about this.
Data as of Q4 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 90190 |
| Year Established | 1955 |
| Employees | 109 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.66% |
| Return on Equity - YTD | 6.98% |
| Annual Interest Income | $52MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2023vs Q4 2022 | $1.33B$1.31B |
| Loans | Q4 2023vs Q4 2022 | $1.16B$1.15B |
| Deposits | Q4 2023vs Q4 2022 | $1.06B$1.13B |
| Equity Capital | Q4 2023vs Q4 2022 | $129.3MM$121.5MM |
| Loan Loss Allowance | Q4 2023vs Q4 2022 | $9.1MM$8.9MM |
| Unbacked Noncurrent Loans | Q4 2023vs Q4 2022 | $170K$445K |
| Real Estate Owned | Q4 2023vs Q4 2022 | $0$0 |