2. Westfield Bank

Westfield Bank


Overview / Commentary
www.westfieldbank.com
413-568-1911
141 Elm Street
Westfield, MA 01085

Westfield Bank is headquartered in Westfield and is the 22nd largest bank in the state of Massachusetts. It is also the 407th largest bank in the nation. It was established in 1853 and as of June of 2019, it had grown to 322 employees at 24 locations. Westfield Bank has an A health rating.

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Health
A

Data as of Q2 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90300
Year Established1853
Employees322
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.7%
Return on Equity - YTD6.76%
Annual Interest Income$40.3MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$2.12B$2.09B
LoansQ2 2019vs Q2 2018$1.71B$1.66B
DepositsQ2 2019vs Q2 2018$1.65B$1.56B
Equity CapitalQ2 2019vs Q2 2018$217.3MM$230.9MM
Loan Loss AllowanceQ2 2019vs Q2 2018$12.4MM$12.0MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$14.9MM$13.0MM
Real Estate OwnedQ2 2019vs Q2 2018$0$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.

Westfield Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$10-Signature Savings
0.10%$10-Classic Statement Savings
0.10%$10-Free Statement Savings
0.10%$10-Ready, Set, Grow Savings

Westfield Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$500k*-Performance Money Market
OTHER TIERS: 0.15% → $10 - $100k | 0.30% → $100k - $250k | 0.40% → $250k - $500k
0.20%*$50k*-IRA Money Market
OTHER TIERS: 0.10% → $10 - $25k | 0.15% → $25k - $50k
0.15%*$250k*-Business Money Market
OTHER TIERS: 0.10% → $10 - $250k
0.15%$10-Business Prime Money Market
0.10%$10-Summit Money Market

Westfield Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$10-WB Interest Checking

Westfield Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.85%$1k-11 Month WB Signature CD
1.75%$1k-7 Month WB Signature CD
1.50%$1k-7 Month WB Classic CD
1.45%$1k-Business 7 Month CD
1.25%$1k-60 Month WB Classic CD
1.00%$1k-48 Month WB Classic CD
1.00%$1k-Business 48 Month CD
0.75%$1k-36 Month WB Classic CD
0.50%$1k-24 Month WB Classic CD
0.50%$1k-Business 24 Month CD
0.30%$1k-12 Month WB Classic CD
0.30%$1k-Business 12 Month CD
0.20%$1k-6 Month WB Classic CD
0.20%$1k-Business 6 Month CD
0.10%$1k-3 Month WB Classic CD

Westfield Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.85%$500-11 Month WB Signature IRA
1.85%$500-13 Month Retirement Accumulator CD
1.75%$500-7 Month WB Signature IRA
1.50%$500-7 Month WB Classic IRA
1.25%$500-60 Month WB Classic IRA
1.00%$500-48 Month WB Classic IRA
0.75%$500-36 Month WB Classic IRA
0.50%$500-24 Month WB Classic IRA
0.40%$500-12 Month Add-On IRA
0.30%$500-12 Month WB Classic IRA
Locations

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