Overview / Commentary
19 Public Square
Andover, OH 44003

Andover Bank is headquartered in Andover and is the 52nd largest bank in the state of Ohio. It is also the 1,748th largest bank in the nation. It was established in 1884 and as of September of 2018, it had grown to 92 employees at 10 locations. Andover Bank's money market rates are 4X the national average, and it has an A health rating.


No reviews have been left for this bank yet. Be the first to review.


Health Grade Components

FDIC Certificate #10663
Year Established1884
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.97%
Return on Equity - YTD10.35%
Annual Interest Income$10.4MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$397.8MM$413.4MM
LoansQ3 2018vs Q3 2017$207.2MM$194.9MM
DepositsQ3 2018vs Q3 2017$343.7MM$337.9MM
Equity CapitalQ3 2018vs Q3 2017$36.8MM$41.5MM
Loan Loss AllowanceQ3 2018vs Q3 2017$1.4MM$1.3MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$692.00K$1.1MM
Real Estate OwnedQ3 2018vs Q3 2017$117.00K$185.00K
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Andover Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Andover Bank Savings Account Rates

1.05%*$2.5k*$10kCompanion Savings - Qualifying
OTHER TIERS: 0.05% Any amount
0.20%*$10k*-Variable Rate IRA Account
OTHER TIERS: 0.05% Up to $1k | 0.10% $1k - $5k | 0.15% $5k - $10k
0.20%*$10k*-Health Savings Account
OTHER TIERS: 0.05% Up to $1k | 0.10% $1k - $5k | 0.15% $5k - $10k
0.05%--Passbook Savings
0.05%--Christmas Club
0.05%--Statement Savings

Andover Bank Money Market Rates

1.85%*$10k*-Smart Saver - First 90 Days
OTHER TIERS: 0.05% Up to $10k
1.50%*$100k*-Smart Saver
OTHER TIERS: 0.05% Up to $10k | 1.00% $10k - $50k | 1.25% $50k - $100k
0.25%*$100k*-Preferred Money Market Account
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k

Andover Bank Checking Account Rates

2.00%*-$10kAffinity Checking
OTHER TIERS: 0.05% $10k+
0.05%--Rewards Checking
0.03%$10k-Commercial Interest Checking
0.03%--Interest Checking

Andover Bank CD Rates

2.25%$1k$250k25 Month CD Special
2.05%$1k$250k15 Month CD Special
1.75%$1k-35 Month CD
1.50%$1k-23 Month CD
1.25%$1k-11 Month CD
1.00%$1k-54 Month CD
1.00%$1k-60 Month CD
1.00%$1k-56 Month CD
1.00%$1k-59 Month CD
0.60%$1k-48 Month CD
0.40%$1k-36 Month CD
0.35%$1k-30 Month CD
0.30%$1k-24 Month CD
0.25%$1k-18 Month CD
0.20%$1k-12 Month CD
0.20%$1k-14 Month CD
0.15%$1k-182 Day CD
0.15%$1k-9 Month CD
0.10%$1k-30 Day CD
0.10%$1k-91 Day CD

Andover Bank IRA Rates

2.25%$1k$250k25 Month IRA Special
2.05%$1k$250k15 Month IRA Special
1.00%$1k-56 Month Fixed Rate IRA
1.00%$1k-59 Month Fixed Rate IRA
1.00%$1k-60 Month Fixed Rate IRA
0.35%$1k-30 Month Fixed Rate IRA

Cities: Albion, Andover, Ashtabula, Austinburg, Conneaut, Edinboro, Erie, Geneva, Jefferson, Madison

Albion Branches
Old Community National Bank Of North53 East State StreetAlbion, PA 16401

Andover Branches
The Andover Bank19 Public SquareAndover, OH 44003

Ashtabula Branches
Ashtabula Harbor Banking Center1630 West 19th StreetAshtabula, OH 44004

Austinburg Branches
Austinburg BranchState Route 45 and College StreetAustinburg, OH 44010

Conneaut Branches
Conneaut Banking Center339 State StConneaut, OH 44030

Edinboro Branches
Edinboro Branch212 Plum StreetEdinboro, PA 16412

Erie Branches
Millcreek Branch2420 Zimmerly RoadErie, PA 16506

Geneva Branches
Geneva Branch665 South BroadwayGeneva, OH 44041

Jefferson Branches
Jefferson Banking Center Branch150 North Chestnut StreetJefferson, OH 44047

Madison Branches
Madison Banking Center Branch6611 N Ridge RdMadison, OH 44057

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.