Monson Savings Bank is headquartered in Monson and is the 68th largest bank in the state of Massachusetts. It is also the 1,430th largest bank in the nation. It was established in 1872 and as of June of 2022, it had grown to 91 employees at 6 locations. Monson Savings Bank has an A health rating.
Hands down the best bank in all respects that we have ever been associated with.
Don't bother applying. They only will work with local customers. I applied and provided all of my personal information only for them to mail me a letter telling me that they are only accepting applications from local residents. Would have been nice if they mentioned that on their website, application or SOMEWHERE before I gave them all my info.
Overall | |
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FDIC Certificate # | 90245 |
Year Established | 1872 |
Employees | 91 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.8% |
Return on Equity - YTD | 9.69% |
Annual Interest Income | $9.4MM |
Assets and Liabilities | ||
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Assets | Q2 2022vs Q2 2021 | $630.2MM$554.6MM |
Loans | Q2 2022vs Q2 2021 | $455.0MM$411.2MM |
Deposits | Q2 2022vs Q2 2021 | $573.1MM$498.9MM |
Equity Capital | Q2 2022vs Q2 2021 | $49.0MM$49.0MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $6.5MM$6.6MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $1.3MM$334.00K |
Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Monson Savings 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 | |
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1.00%* | - | $25k | MoneyMaking Checking | ||
OTHER TIERS: 0.25% → $25k+ |
Monson Savings Bank Locations | ||
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Wilbraham Branch | 100 Post Office Park | Wilbraham, MA 01095 |
Ware Branch | 136 West Street | Ware, MA 01082 |
Monson Savings Bank | 146 Main St | Monson, MA 01057 |
Hampden Branch | 15 Somers Road | Hampden, MA 01036 |
East Longmeadow Branch | 61 North Main Street | East Longmeadow, MA 01028 |