Milford Federal Bank


Overview / Commentary
508-634-2500
246 Main St
Milford, MA 01757

Milford Federal Bank is headquartered in MILFORD and is the 75th largest bank in the state of Massachusetts. It is also the 1,752nd largest bank in the nation. It was established in 1937 and as of March of 2025, it had grown to 62 employees at 4 locations. Milford Federal Bank has an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #29835
Year Established1937
Employees62
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.13%
Return on Equity - YTD1.18%
Annual Interest Income$5.5MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$519.3MM$507.3MM
LoansQ1 2025vs Q1 2024$451.6MM$435.3MM
DepositsQ1 2025vs Q1 2024$407.4MM$375MM
Equity CapitalQ1 2025vs Q1 2024$56.8MM$55.5MM
Loan Loss AllowanceQ1 2025vs Q1 2024$2MM$2MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$432K$1.1MM
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

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Locations


Milford Federal Bank Locations
Whitinsville Branch1271 Providence RoadWhitinsville, MA 01588
Woonsocket Branch2020 Diamond Hill RoadWoonsocket, RI 02895
Milford Federal Savings and Loan Association246 Main StMilford, MA 01757
Route 109 Plaza Branch91 Medway RoadMilford, MA 01757

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