Milford Bank is headquartered in MILFORD and is the 20th largest bank in the state of Connecticut. It is also the 1,572nd largest bank in the nation. It was established in 1872 and as of June of 2023, it had grown to 75 employees at 8 locations. Milford Bank has a B health rating.
Overall | |
---|---|
FDIC Certificate # | 16101 |
Year Established | 1872 |
Employees | 75 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.33% |
Return on Equity - YTD | 4.33% |
Annual Interest Income | $10.4MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2023vs Q2 2022 | $570.0MM$582.4MM |
Loans | Q2 2023vs Q2 2022 | $428.7MM$403.4MM |
Deposits | Q2 2023vs Q2 2022 | $496.9MM$524.1MM |
Equity Capital | Q2 2023vs Q2 2022 | $42.7MM$43.6MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $4.5MM$4.3MM |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $1.9MM$2.1MM |
Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Milford 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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.15% | $5 | - | Passbook Centsible Kids Account | ||
0.15%* | $100k* | - | Statement Savings | ||
OTHER TIERS: 0.01% → $5 - $5k | 0.05% → $5k - $50k | 0.10% → $50k - $100k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.10%* | $100k* | - | Sound Money Market Fund | ||
OTHER TIERS: 0.02% → $5 - $5k | 0.03% → $5k - $10k | 0.05% → $10k - $100k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $5 | - | IORETA | |
0.05% | $5 | - | IOLTA | |
0.02% | $5 | - | Prestige Checking | |
0.02% | $5 | - | Select Checking |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.20% | $25 | - | 1 year+ Floating Rate IRA |
Milford Bank Locations | ||
---|---|---|
Boston Post Road Branch | 1455 Boston Post Road | Milford, CT 06460 |
Devon Branch | 205 Bridgeport Avenue | Milford, CT 06460 |
Woodmont Branch | 259 Merwin Avenue | Milford, CT 06460 |
295 Boston Post Road Branch | 295 Boston Post Road | Milford, CT 06460 |
The Milford Bank | 33 Broad St | Milford, CT 06460 |
Main Street Stratford Branch | 3651 Main Street | Stratford, CT 06614 |