New Valley Bank & Trust (MA)


Overview / Commentary
413-707-3077
One Monarch Place, Suite 100 Unit 1
Springfield, MA 01144

New Valley Bank & Trust (MA) is headquartered in Springfield and is the 89th largest bank in the state of Massachusetts. It is also the 2,457th largest bank in the nation. It was established in 2019 and as of March of 2022, it had grown to 27 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.

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Health

Health Grade Components

Overall
FDIC Certificate #59143
Year Established2019
Employees27
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.2%
Return on Equity - YTD2.01%
Annual Interest Income$2.0MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$307.6MM$252.4MM
LoansQ1 2022vs Q1 2021$162.0MM$199.4MM
DepositsQ1 2022vs Q1 2021$280.6MM$178.0MM
Equity CapitalQ1 2022vs Q1 2021$26.6MM$20.9MM
Loan Loss AllowanceQ1 2022vs Q1 2021$2.1MM$1.5MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$590.00K$0
Real Estate OwnedQ1 2022vs Q1 2021$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not New Valley Bank & Trust (MA); 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.

New Valley Bank & Trust (MA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$10-Benchmark Savings
0.10%$10-IRA Savings
0.10%$10-Business Savings

New Valley Bank & Trust (MA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$500k*-Money Market
OTHER TIERS: 0.10% $10 - $100k | 0.25% $100k - $500k
0.50%*$500k*-Business Money Market
OTHER TIERS: 0.10% $10 - $100k | 0.25% $100k - $500k

New Valley Bank & Trust (MA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW 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) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$500-60 Month CD
0.75%$500-Business 60 Month CD
0.55%$500-48 Month CD
0.55%$500-Business 48 Month CD
0.45%$500-36 Month CD
0.45%$500-Business 36 Month CD
0.35%$500-24 Month CD
0.35%$500-Business 24 Month CD
0.30%$500-18 Month CD
0.30%$500-Business 18 Month CD
0.25%$500-12 Month CD
0.25%$500-Business 12 Month CD
0.15%$500-3 Month CD
0.15%$500-6 Month CD
0.15%$500-Business 3 Month CD
0.15%$500-Business 6 Month CD

New Valley Bank & Trust (MA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$500-60 Month IRA
0.75%$500-Business 60 Month IRA
0.55%$500-48 Month IRA
0.55%$500-Business 48 Month IRA
0.45%$500-36 Month IRA
0.45%$500-Business 36 Month IRA
0.35%$500-24 Month IRA
0.35%$500-Business 24 Month IRA
0.30%$500-18 Month IRA
0.30%$500-Business 18 Month IRA
0.25%$500-12 Month IRA
0.25%$500-Business 12 Month IRA
0.15%$500-3 Month IRA
0.15%$500-6 Month IRA
0.15%$500-Business 3 Month IRA
0.15%$500-Business 6 Month IRA
Locations


New Valley Bank & Trust (MA) Locations
New Valley Bank & Trust1 Monarch PlSpringfield, MA 01144
Springfield Branch1930 Wilbraham RoadSpringfield, MA 01129

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