Since its founding in 1889, Norwood Bank has been a pioneer in providing innovative banking services. We take pride in offering people and businesses the services they needed to fulfill their dreams of buying a home, creating financial stability and planning for the future. Over the years, Norwood Bank created new checking, savings, retirement, mortgage and investment products to help people and businesses meet their financial goals.
As banking technology grew more sophisticated, the Bank introduced the concept of Boundless Banking. Powered by a national network of fee-free ATMs and the latest in mobile and online banking, Boundless is an illustration of the Bank’s commitment to giving their customers the freedom to bank however, and wherever, they choose.
Big-bank products and services combined with community-bank personal service—that’s the Norwood Bank difference.
|FDIC Certificate #||26555|
|Return on Assets - YTD||0.95%|
|Return on Equity - YTD||7.06%|
|Annual Interest Income||$11.9MM|
|Assets and Liabilities|
|Assets||Q2 2022vs Q2 2021||$669.6MM$683.7MM|
|Loans||Q2 2022vs Q2 2021||$556.1MM$504.2MM|
|Deposits||Q2 2022vs Q2 2021||$558.1MM$567.8MM|
|Equity Capital||Q2 2022vs Q2 2021||$96.2MM$90.0MM|
|Loan Loss Allowance||Q2 2022vs Q2 2021||$5.4MM$5.4MM|
|Unbacked Noncurrent Loans||Q2 2022vs Q2 2021||$1.2MM$2.3MM|
|Real Estate Owned||Q2 2022vs Q2 2021||$0$0|
Rates for Norwood Bank are currently being reviewed.
|Norwood Bank Locations|
|Norwood Co-Operative Bank||11 Central St||Norwood, MA 02062|