Westfield Bank

Overview / Commentary
141 Elm Street
Westfield, MA 01085

Westfield Bank is headquartered in Westfield and is the 21st largest bank in the state of Massachusetts. It is also the 436th largest bank in the nation. It was established in 1853 and as of June of 2022, it had grown to 328 employees at 27 locations. Westfield Bank has an A health rating.

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Reviews (1)

Best Bank Ever

Posted by: |

Best Bank Ever. Always Nice people in My locations. very Very Nice.


Health Grade Components

FDIC Certificate #90300
Year Established1853
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.96%
Return on Equity - YTD11.05%
Annual Interest Income$40.6MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$2.57B$2.46B
LoansQ2 2022vs Q2 2021$1.96B$1.86B
DepositsQ2 2022vs Q2 2021$2.30B$2.19B
Equity CapitalQ2 2022vs Q2 2021$220.6MM$214.5MM
Loan Loss AllowanceQ2 2022vs Q2 2021$19.6MM$19.9MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$4.0MM$5.8MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0

Rates for Westfield Bank are currently being reviewed.



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