Cecil Bank
FDIC #31121
📍 Elkton, Maryland
Cecil Bank is a commercial bank, state charter and fed member, supervised by the federal reserve (frb). established in 10/07/1959. With assets of $228.43 Million, it operates 4 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: March 18, 2019
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
March 18, 2019
Satisfactory
September 16, 2013
Satisfactory
August 22, 2011
Satisfactory
💰 Financial Strength
Total Assets$228.43 Million
Total Deposits$198.81 Million
Equity Capital$27.64 Million
Net Income$589,000
📈 Performance
ROA0.34%
ROE2.83%
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
Established10/07/1959
FDIC Cert31121
Holding CoCecil Bcorp Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday9:00 AM - 4:00 PM
Tuesday9:00 AM - 4:00 PM
Wednesday9:00 AM - 4:00 PM
Thursday9:00 AM - 4:00 PM
Friday9:00 AM - 6:00 PM
Saturday9:00 AM - 12:00 PM
SundayClosed
📜 Institutional History
2008
Name Change
Name became: Changed Institution Name To Cecil Bank.
2006
Name Change
Name became: Changed Institution Name To Cecil Federal Bank.
2001
Merger / Acquisition
Acquired: Columbian Bank, A Federal Savings Bank
1994
Name Change
Name became: Changed Institution Name To Cecil Federal Savings Bank.