Clare Bank, National Association
FDIC #1022
📍 Platteville, Wisconsin
Clare Bank, National Association is a commercial bank, national (federal) charter and fed member, supervised by the occ. established in 10/28/1905. With assets of $312.44 Million, it operates 8 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: November 1, 2021
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
November 1, 2021
Satisfactory
August 20, 2018
Satisfactory
June 5, 2014
Satisfactory
💰 Financial Strength
Total Assets$312.44 Million
Total Deposits$268.94 Million
Equity Capital$15.08 Million
Net Income$473,000
📈 Performance
ROA0.19%
ROE3.68%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established10/28/1905
FDIC Cert1022
Holding CoMontfort Bcorp Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredNo
📜 Institutional History
1993
Merger / Acquisition
Acquired: Clare Platteville Bank, National Association
1992
Name Change
Name became: Changed Institution Name To Clare Bank, National Association.
1990
Merger / Acquisition
Acquired: The Bloomington State Bank
1990
Merger / Acquisition
Acquired: The First National Bank Of Boscobel
1990
Merger / Acquisition
Acquired: Citizens State Bank