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New Valley Bank & Trust (MA)


Overview / Commentary
www.banknewvalley.com
413-739-2265
One Monarch Place Suite 910
Springfield, MA 01144

New Valley Bank & Trust (MA) is headquartered in Springfield and is the 112th largest bank in the state of Massachusetts. It is also the 4,551st largest bank in the nation. It was established in 2019 and as of December of 2019, it had grown to 17 employees at 2 locations. New Valley Bank & Trust (MA)'s money market rates are 3X the national average, and it has a B+ health rating.

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Health
B+

Data as of Q4 2019

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. New Valley Bank & Trust (MA) has a relatively low asset base, a very short operating history, and a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #59143
Year Established2019
Employees17
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-7.04%
Return on Equity - YTD-16.1%
Annual Interest Income$741.00K
Assets and Liabilities
AssetsQ4 2019$63.4MM
LoansQ4 2019$28.6MM
DepositsQ4 2019$43.0MM
Equity CapitalQ4 2019$20.2MM
Loan Loss AllowanceQ4 2019$361.00K
Unbacked Noncurrent LoansQ4 2019$0
Real Estate OwnedQ4 2019$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

New Valley Bank & Trust (MA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$10-Benchmark Savings
0.75%$10-IRA Savings
0.50%$10-Business Savings

New Valley Bank & Trust (MA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%*$500k*-Money Market
OTHER TIERS: 1.01% → $10 - $100k | 1.26% → $100k - $500k
1.51%*$500k*-Business Money Market
OTHER TIERS: 1.01% → $10 - $100k | 1.26% → $100k - $500k

New Valley Bank & Trust (MA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$10-Signature Checking
0.75%$10-IOLTA
0.50%$10-Direct Checking
0.50%$10-Business Capital Checking

New Valley Bank & Trust (MA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.77%$500-6 Month CD
1.77%$500-60 Month CD
1.77%$500-Business 6 Month CD
1.77%$500-Business 60 Month CD
1.51%$500-48 Month CD
1.51%$500-Business 48 Month CD
1.41%$500-36 Month CD
1.41%$500-Business 36 Month CD
1.36%$500-24 Month CD
1.36%$500-Business 24 Month CD
1.26%$500-18 Month CD
1.26%$500-Business 18 Month CD
1.16%$500-12 Month CD
1.16%$500-Business 12 Month CD
0.40%$500-3 Month CD
0.40%$500-Business 3 Month CD

New Valley Bank & Trust (MA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.77%$500-6 Month IRA
1.77%$500-60 Month IRA
1.77%$500-Business 6 Month IRA
1.77%$500-Business 60 Month IRA
1.51%$500-48 Month IRA
1.51%$500-Business 48 Month IRA
1.41%$500-36 Month IRA
1.41%$500-Business 36 Month IRA
1.36%$500-24 Month IRA
1.36%$500-Business 24 Month IRA
1.26%$500-18 Month IRA
1.26%$500-Business 18 Month IRA
1.16%$500-12 Month IRA
1.16%$500-Business 12 Month IRA
0.40%$500-3 Month IRA
0.40%$500-Business 3 Month IRA
Locations


New Valley Bank & Trust (MA) Locations
New Valley Bank & TrustOne Monarch Place Suite 910Springfield, MA 01144
Springfield Branch1930 Wilbraham RoadSpringfield, MA 01129

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