Start Community Bank is headquartered in New Haven and is the 39th largest bank in the state of Connecticut. It is also the 4,074th largest bank in the nation. It was established in 2010 and as of September of 2016, it had grown to 19 employees at 1 location. Start Community Bank has an A+ health rating.
We opened a CD when this community bank first opened and we saw the post in the rates blog. It was a Connecticut drama when a northeast regional bank took over banking in the New Haven area, and this bank was a way to keep a local bank serving the community. We visited a branch, the staff were all very helpful and it was easy to open accounts. Since we don't live nearby, we have since been able to deal with them by phone, mail or through bank networks. It is a small bank, so may not yet have some electronic services, but your money will not be in a big bank with no standards. It will help serve a small community bank that works in its neighborhood. After two years, we're still satisfied with this bank.
|FDIC Certificate #||58952|
|Return on Assets - YTD||0.09%|
|Return on Equity - YTD||0.8%|
|Annual Interest Income||$3.2MM|
|Assets and Liabilities|
|Assets||Q3 2016vs Q3 2015||$117.4MM$95.3MM|
|Loans||Q3 2016vs Q3 2015||$100.9MM$81.7MM|
|Deposits||Q3 2016vs Q3 2015||$82.7MM$65.9MM|
|Equity Capital||Q3 2016vs Q3 2015||$12.2MM$12.1MM|
|Loan Loss Allowance||Q3 2016vs Q3 2015||$1.3MM$1.1MM|
|Unbacked Noncurrent Loans||Q3 2016vs Q3 2015||$0$0|
|Real Estate Owned||Q3 2016vs Q3 2015||$0$0|
Rates for Start Community Bank are currently being reviewed.
|Start Community Bank Locations|
|Start Community Bank||299 Whalley Avenue||New Haven, CT 06510|