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Overview / Commentary
203-285-6490
299 Whalley Avenue
New Haven, CT 06510

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.

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Reviews (1)

Very Helpful Staff, Good Service.

Posted by: Serah | May 23, 2013

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.



Health
A+

Health Grade Components

Overall
FDIC Certificate #58952
Year Established2010
Employees19
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.09%
Return on Equity - YTD0.8%
Annual Interest Income$3.2MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$117.4MM$95.3MM
LoansQ3 2016vs Q3 2015$100.9MM$81.7MM
DepositsQ3 2016vs Q3 2015$82.7MM$65.9MM
Equity CapitalQ3 2016vs Q3 2015$12.2MM$12.1MM
Loan Loss AllowanceQ3 2016vs Q3 2015$1.3MM$1.1MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$0$0
Real Estate OwnedQ3 2016vs Q3 2015$0$0
Rates

Rates for Start Community Bank are currently being reviewed.

Locations


Start Community Bank Locations
Start Community Bank299 Whalley AvenueNew Haven, CT 06510