The Milford Bank
FDIC #16101
📍 Milford, Connecticut
The Milford Bank is a commercial bank (si) established in 01/01/1872. With assets of $580.79 Million, it operates 6 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: July 1, 2023
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
July 1, 2023
Satisfactory
November 1, 2019
Satisfactory
June 1, 2017
Satisfactory
💰 Financial Strength
Total Assets$580.79 Million
Total Deposits$497.65 Million
Equity Capital$40.80 Million
Net Income$1.27 Million
📈 Performance
ROA0.30%
ROE4.03%
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
Established01/01/1872
FDIC Cert16101
Holding CoN/A
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 - 4:00 PM
Tuesday8:30 AM - 4:00 PM
Wednesday8:30 AM - 4:00 PM
Thursday8:30 AM - 5:00 PM
Friday8:30 AM - 6:00 PM
Saturday9:00 AM - 12:00 PM
SundayClosed
📜 Institutional History
2006
Name Change
Name became: Changed Institution Name To The Milford Bank.