Westfield Bank (OH) is headquartered in WESTFIELD CENTER and is the 17th largest bank in the state of Ohio. It is also the 547th largest bank in the nation. It was established in 2001 and as of March of 2023, it had grown to 191 employees at 7 locations. Westfield Bank (OH)'s money market rates are 30% higher than the national average, and it has a B+ health rating.
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Great Service At Westfield
i also opened a Big dream Checking acct with them 2 weeks ago thanks to banking Guy. ( I live in upstate NY) . Easy and professianal, and did all online, except they called me immediately to state that they couldn't read the faxed D.L> I sent it from a dfiferent machine at work and all approved within 2 hours. So far so great!!!
Recently Opened High Yield Checking Account. Very Easy. Customer Service Excellent!
I have family that works for another bank, so, I've done all of my personally banking through them my entire life. I was excited to finally start an account with another bank, but was worried about moving my money into another account that I'm unfamiliar with.
The customer service representative at Westfield Bank was able to clearly answer all of my questions (I had to call in a few times to ease my nerve of moving money out of my old bank) and I've never had any trouble filling the requirements to receive 3.5% interest on my rewards checking account.
Although I have a pretty basic account, I still felt that they took the time to listen and care about my concerns. If you like making money just for having money, I highly recommend starting a checking account with Westfield Bank.
No Out Of State Accounts
If you do not already have an account, and live out of state, you are out of luck. Local state customers ONLY.
FYI: Not Available To Non-US Citizens
I am an Ohio resident but not a US citizen and I was able to successfully complete the application process on CheckingFinder even though I stated that I was a non-US citizen. The next morning I received an email from the bank stating that it is their policy to not open accounts for non-US citizens. I wish they had simply not allowed non-US citizens to go through on the CheckingFinder application so that I don't have to worry now about whether my personal information will be destroyed properly by CheckingFinder or the Bank.
-Sandy
$10K Max On 23-Month CD
Applied for 23-month CD, to be funded by EFT from my checking account at another bank. My application was refused because it exceeded $10K. Didn't see that in terms. My bad.
Unfriendly And Poor Communication
Staff out of the Canton, Ohio branch are rude and unprofessional. Horrible communication with mortgage documentation. I would not recommend this bank.
5 Year 4% Step-Up
This is a 1.87% CD if you leave for 5 years. Year 1= .5%...Year 5= 4%. Only way to receive 1.87% is to leave for 5 years. This is not a good deal. Only way to find info is to search CD rates on website. If you quit after 1 year you would get 1/2% and an early withdrawal fee. Not sure why this is even posted. Beware.
Nothing But Problems
My bank, Valley Savings, that was just absolutely wonderful, was just turned into Westfield Bank. Since the change over I have had nothing but problems! They told me that I could use my old card until I got it in the mail, I couldn't. Had to go into bank to get out any cash, I could deal with that. Then was trying to do online banking wouldn't let me in even though I had been for a week. Called multiple times for help, even went into the bank to speak to someone and was told no one was available and would give me a call later. Waited for phone call did not receive one so called back an hour before they closed again was told no one was available but I would get a call back. Never received any call and still had no online access ever! I have been pretty patient up until now. I've not bounced a check in a VERY LONG time. Went into the bank at 4 pm got my balance (since I can't go online) had a nice balance in my account and nothing pending according to my records. Went to the bank this morning and I was $300 short! Was told that a $120 check did not go through until yesterday and the rest were fees. I am livid! The lady that I was speaking to was very rude and told me that they are not at fault and shouldn't have put myself in this predicament. Needless to say I am closing my account with them and will be telling everyone I know not to bank with them.
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57077 |
| Year Established | 2001 |
| Employees | 191 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.78% |
| Return on Equity - YTD | 8.11% |
| Annual Interest Income | $20.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $2.09B$2.03B |
| Loans | Q1 2023vs Q1 2022 | $1.56B$1.43B |
| Deposits | Q1 2023vs Q1 2022 | $1.70B$1.81B |
| Equity Capital | Q1 2023vs Q1 2022 | $200.7MM$201.4MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $18.7MM$15.0MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $4.4MM$3.8MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $0$0 |