Overview / Commentary
PeoplesBank is headquartered in Holyoke and is the 16th largest bank in the state of Massachusetts. It is also the 325th largest bank in the nation. It was established in 1885 and as of June of 2019, it had grown to 304 employees at 24 locations. PeoplesBank's money market rates are 3X the national average, and it has an A health rating.
Health
A
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 90213 |
| Year Established | 1885 |
| Employees | 304 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.77% |
| Return on Equity - YTD | 8.05% |
| Annual Interest Income | $55.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $2.91B$2.53B |
| Loans | Q2 2019vs Q2 2018 | $2.23B$1.91B |
| Deposits | Q2 2019vs Q2 2018 | $2.01B$1.94B |
| Equity Capital | Q2 2019vs Q2 2018 | $283.7MM$219.6MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $14.2MM$14.5MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $8.0MM$2.5MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $97.00K$0 |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
PeoplesBank Savings Account Rates
PeoplesBank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.30%* | $250k* | - | Elite Tiered Money Market | ||
| OTHER TIERS: 0.25% → $10 - $25k | 0.75% → $25k - $100k | 1.00% → $100k - $250k | |||||
PeoplesBank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $10 | - | Interest Checking |
