Ion Bank is a bank based in Naugatuck, Connecticut, established in 1870, with $2.8 billion in total assets across 37 branches. By Trust Grade it ranks 8th of 28 banks we track in Connecticut. Its capital ratio of 12.1% is stronger than 78% of similarly sized banks, versus a Connecticut median of 10.2%. It was profitable over the most recent period, with a 0.85% return on assets. No consumer complaints against Ion Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Ion Bank compares to Connecticut peers
How we graded Ion Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (12.1% capital ratio)
- Profitable (ROA 0.85%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Ion Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (37)
- 251 Church St, Naugatuck, CT 06770
- 71 Oxford Rd, Oxford, CT 06478
- 600 Middlebury Rd, Middlebury, CT 06762
- 87 Church Street, Naugatuck, CT 06770
- 670 Main St N, Woodbury, CT 06798
- 218 Maple Ave, Cheshire, CT 06410
- 80 County Rd, Tenafly, NJ 07670
- 189 County Rd, Cresskill, NJ 07626
- 310 Broad Ave, Leonia, NJ 07605
- 1505 Teaneck Rd, Teaneck, NJ 07666
- 76 Engle St, Englewood, NJ 07631
- 400 River Rd, New Milford, NJ 07646
- 175 Homans Ave, Closter, NJ 07624
- 363 Main St S, Southbury, CT 06488
- 135 N Washington Ave, Bergenfield, NJ 07621
- 544 Straits Tpke, Watertown, CT 06795
- 24 Waterbury Rd, Prospect, CT 06712
- 223 Changebridge Rd, Montville, NJ 07045
- 261 Comly Rd, Lincoln Park, NJ 07035
- 75 Tremont St, Ansonia, CT 06401
- 76 Engle St, Englewood, NJ 07631
- 740 Palisade Ave, Teaneck, NJ 07666
- 910 Wolcott St, Waterbury, CT 06705
- 159 Broadway, Hillsdale, NJ 07642
- 1430 New Haven Rd, Naugatuck, CT 06770
- 2989 Whitney Ave, Hamden, CT 06518
- 500 W Main St, Meriden, CT 06451
- 3670 E Main St, Waterbury, CT 06705
- 543 Rubber Ave, Naugatuck, CT 06770
- 665 N Colony Rd, Wallingford, CT 06492
- 4 Main St, Farmington, CT 06032
- 1336 E Main St, Meriden, CT 06450
- 79 Main St, Unionville, CT 06085
- 1751 Ellington Rd, South Windsor, CT 06074
- 300 Pierpont Rd, Waterbury, CT 06705
- 376 North Main Street, Southington, CT 06489
- 19 Chapin Rd, Pinebrook, NJ 07058
Are deposits at Ion Bank insured?
Yes. Ion Bank is an FDIC-insured bank (FDIC certificate #18198). 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.
Ion Bank: frequently asked questions
Is Ion Bank a good bank?
Ion Bank earns a Bankzia Trust Grade of A (97/100, "Excellent"), based on a financial-strength score of 97/100 (it has no CFPB complaints on record). Strongly capitalized (12.1% capital ratio); Profitable (ROA 0.85%).
Is Ion Bank FDIC-insured?
Yes. Ion Bank is a FDIC-insured bank (FDIC certificate #18198). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Ion Bank?
Ion Bank holds $2.8 billion in total assets, ranking 8th of 28 banks we track in Connecticut. It operates 37 branches.
Does Ion Bank have CFPB complaints?
No CFPB complaints against Ion 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.
