The Milford Bank is a bank based in Milford, Connecticut, established in 1872, with $653 million in total assets across 6 branches. By Trust Grade it ranks 20th of 28 banks we track in Connecticut. Its capital ratio of 8.7% trails most similarly sized banks (24th percentile), versus a Connecticut median of 10.2%. It was profitable over the most recent period, with a 0.65% return on assets. No consumer complaints against The Milford Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How The Milford Bank compares to Connecticut peers
How we graded The Milford Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.7% capital ratio)
- Profitable (ROA 0.65%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for The Milford Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (6)
- 33 Broad St, Milford, CT 06460
- 259 Merwin Ave, Milford, CT 06460
- 205 Bridgeport Ave, Milford, CT 06460
- 9 Depot St, Milford, CT 06460
- 51 Roses Mill Road, Milford, CT 06460
- 3651 Main St, Stratford, CT 06614
Are deposits at The Milford Bank insured?
Yes. The Milford Bank is an FDIC-insured bank (FDIC certificate #16101). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
The Milford Bank: frequently asked questions
Is The Milford Bank a good bank?
The Milford Bank earns a Bankzia Trust Grade of A (90/100, "Excellent"), based on a financial-strength score of 90/100 (it has no CFPB complaints on record). Well-capitalized (8.7% capital ratio); Profitable (ROA 0.65%).
Is The Milford Bank FDIC-insured?
Yes. The Milford Bank is a FDIC-insured bank (FDIC certificate #16101). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is The Milford Bank?
The Milford Bank holds $653 million in total assets, ranking 20th of 28 banks we track in Connecticut. It operates 6 branches.
Does The Milford Bank have CFPB complaints?
No CFPB complaints against The Milford Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
