The Bank of Canton

Overview / Commentary
490 Turnpike Street
Canton, MA 02021

The Bank of Canton is headquartered in Canton and is the 54th largest bank in the state of Massachusetts. It is also the 1,164th largest bank in the nation. It was established in 1835 and as of June of 2022, it had grown to 104 employees at 6 locations. The Bank of Canton has a B+ health rating.


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Health Grade Components

FDIC Certificate #90175
Year Established1835
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.41%
Return on Equity - YTD4.14%
Annual Interest Income$11.1MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$828.4MM$987.0MM
LoansQ2 2022vs Q2 2021$489.8MM$516.1MM
DepositsQ2 2022vs Q2 2021$741.7MM$895.8MM
Equity CapitalQ2 2022vs Q2 2021$79.3MM$83.7MM
Loan Loss AllowanceQ2 2022vs Q2 2021$6.1MM$6.6MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$1.6MM$2.8MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0

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The Bank of Canton Locations
Turnpike Street Branch259 Turnpike StreetCanton, MA 02021
The Bank Of Canton490 Turnpike StCanton, MA 02021
Washington St Branch557 Washington StreetCanton, MA 02021
Mcgrath Highway Branch60 Mayor Thomas J. Mcgrath HighwayQuincy, MA 02169
Randolph Branch67 North Main StreetRandolph, MA 02368

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