Fortifi Bank
FDIC #5286
📍 Berlin, Wisconsin
Fortifi Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 01/01/1876. With assets of $607.34 Million, it operates 10 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: February 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
February 1, 2023
Satisfactory
May 1, 2020
Satisfactory
💰 Financial Strength
Total Assets$607.34 Million
Total Deposits$492.57 Million
Equity Capital$65.49 Million
Net Income$5.94 Million
📈 Performance
ROA1.33%
ROE12.35%
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
Established01/01/1876
FDIC Cert5286
Holding CoFirst Berlin 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
Monday8:00 AM - 5:00 PM
Tuesday8:00 AM - 5:00 PM
Wednesday8:00 AM - 5:00 PM
Thursday8:00 AM - 5:00 PM
Friday8:00 AM - 5:30 PM
Saturday8:00 AM - 12:00 PM
SundayClosed
📜 Institutional History
2021
Relocation
Moved HQ to: 240 Broadway, Berlin, WI 54923.
2021
Name Change
Name became: Changed Institution Name To Fortifi Bank.
1991
Relocation
Moved HQ to: 140 West Huron Street, Berlin, WI 54923.