Somerset Trust Company
FDIC #11112
📍 Somerset, Pennsylvania
Somerset Trust Company is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 01/01/1889. With assets of $2.10 Billion, it operates 46 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: December 1, 2022
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
December 1, 2022
Satisfactory
October 1, 2019
Satisfactory
November 1, 2016
Satisfactory
💰 Financial Strength
Total Assets$2.10 Billion
Total Deposits$1.81 Billion
Equity Capital$106.29 Million
Net Income$20.54 Million
📈 Performance
ROA1.33%
ROE24.35%
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
Established01/01/1889
FDIC Cert11112
Holding CoSomerset Trust Holding Co
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:30 AM - 4:30 PM
Tuesday8:30 AM - 4:30 PM
Wednesday8:30 AM - 4:30 PM
Thursday8:30 AM - 4:30 PM
Friday8:30 AM - 7:00 PM
Saturday8:30 AM - 12:00 PM
SundayClosed
📜 Institutional History
2019
Merger / Acquisition
Acquired: First Bank Of Lilly
2015
Name Change
Name became: Changed Institution Name To Somerset Trust Company.
1982
Relocation
Moved HQ to: 151 West Main Street, Somerset, PA 15501.
📍 Branch Locations (46)
Connellsville Office At The Train Station Complex
904 W Crawford Ave
Connellsville, Pennsylvania 15425
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904 W Crawford Ave
Connellsville, Pennsylvania 15425
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