New Valley Bank & Trust (MA) is headquartered in Springfield and is the 90th largest bank in the state of Massachusetts. It is also the 2,580th largest bank in the nation. It was established in 2019 and as of June of 2022, it had grown to 32 employees at 2 locations. New Valley Bank & Trust (MA)'s money market rates are 14% higher than the national average, and it has an A health rating.
Overall | |
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FDIC Certificate # | 59143 |
Year Established | 2019 |
Employees | 32 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.07% |
Return on Equity - YTD | 0.75% |
Annual Interest Income | $4.0MM |
Assets and Liabilities | ||
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Assets | Q2 2022vs Q2 2021 | $279.8MM$264.3MM |
Loans | Q2 2022vs Q2 2021 | $175.7MM$182.2MM |
Deposits | Q2 2022vs Q2 2021 | $254.3MM$215.9MM |
Equity Capital | Q2 2022vs Q2 2021 | $24.9MM$21.4MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $2.3MM$1.7MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $1.1MM$0 |
Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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0.10% | $10 | - | Benchmark Savings | |
0.10% | $10 | - | IRA Savings | |
0.10% | $10 | - | Business Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.50% | $10 | - | Not for Profit NOW | |
0.30% | $10 | - | IOLTA | |
0.25% | $10 | - | Signature Checking | |
0.10% | $10 | - | Direct Checking | |
0.10% | $10 | - | Business Capital Checking |
New Valley Bank & Trust (MA) Locations | ||
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Springfield Branch | 1930 Wilbraham Road | Springfield, MA 01129 |
New Valley Bank & Trust | 1 Monarch Pl | Springfield, MA 01144 |