Northern Bank


Overview / Commentary
781-937-5400
275 Mishawum Road
Woburn, MA 01801

Northern Bank is headquartered in WOBURN and is the 17th largest bank in the state of Massachusetts. It is also the 397th largest bank in the nation. It was established in 1960 and as of March of 2025, it had grown to 256 employees at 14 locations. Northern Bank has a B+ health rating.

Reviews (1)

Moderate Interest Rates On MMDA

Posted by: |

For most of us their account here will be the interest-bearing checkable savings account. The usual few checks/month. And printing the checks from the bank is EXPENSIVE--just had done for $1 per check and deposit slip. At this time, it pays about 1/3 the interest that can be received elsewhere from safe accounts. Still higher than your average credit union. Customer service is acceptable--sometimes with delay and just going through the motions and others nicely done. The usual phone verification extra step delays things.



Health
B+

Health Grade Components

Overall
FDIC Certificate #18266
Year Established1960
Employees256
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.63%
Return on Equity - YTD11.2%
Annual Interest Income$62.3MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$3.13B$3.23B
LoansQ1 2025vs Q1 2024$2.67B$2.75B
DepositsQ1 2025vs Q1 2024$2.6B$2.69B
Equity CapitalQ1 2025vs Q1 2024$464.5MM$441.5MM
Loan Loss AllowanceQ1 2025vs Q1 2024$63.6MM$51.4MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$66.4MM$44.9MM
Real Estate OwnedQ1 2025vs Q1 2024$6MM$10.1MM
Rates

Sorry, we do not have rate data for Northern Bank.

Locations

Availability



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