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 21st largest bank in the state of Massachusetts. It is also the 403rd largest bank in the nation. It was established in 1853 and as of September of 2019, it had grown to 300 employees at 24 locations. Westfield Bank has an A health rating.

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Health
A

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #90300
Year Established1853
Employees300
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD6.69%
Annual Interest Income$61.1MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$2.17B$2.15B
LoansQ3 2019vs Q3 2018$1.74B$1.68B
DepositsQ3 2019vs Q3 2018$1.68B$1.61B
Equity CapitalQ3 2019vs Q3 2018$219.5MM$229.5MM
Loan Loss AllowanceQ3 2019vs Q3 2018$13.3MM$12.2MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$11.0MM$12.8MM
Real Estate OwnedQ3 2019vs Q3 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
1.70%$1k-11 Month WB Signature CD
1.60%$1k-7 Month WB Signature CD
1.35%$1k-7 Month WB Classic CD
1.35%$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
1.70%$500-11 Month WB Signature IRA
1.70%$500-13 Month Retirement Accumulator CD
1.60%$500-7 Month WB Signature IRA
1.35%$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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