Beacon Bank And Trust is a bank based in Brookline, Massachusetts, established in 1871, with $22.2 billion in total assets across 150 branches. By Trust Grade it ranks 73rd of 91 banks we track in Massachusetts. Its capital ratio of 11.3% trails most similarly sized banks (49th percentile), versus a Massachusetts median of 10.2%. It was profitable over the most recent period, with a 0.90% return on assets. Consumers filed 84 complaints about BEACON FINANCIAL CORPORATION with the CFPB — 3.8 per $1B in assets, a lower rate than 52% of peers.
How Beacon Bank And Trust compares to Massachusetts peers
How we graded Beacon Bank And Trust
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (11.3% capital ratio)
- Profitable (ROA 0.90%)
- 3.8 complaints per $1B in assets
- Only 94% of complaints answered on time
Consumer complaints (CFPB)
84 complaints filed with the CFPB against BEACON FINANCIAL CORPORATION — 3.8 per $1B in assets.
Branch locations (150)
- 2477 Route 6, Brewster, NY 10509
- 386 Main St, Worcester, MA 01608
- 2 Harvard St, Brookline, MA 02445
- 803 Main St, Willimantic, CT 06226
- 119 Gramatan Avenue, Mount Vernon, NY 10550
- 24 North St, Pittsfield, MA 01201
- 31 Market St, Ipswich, MA 01938
- 244 Main St, Great Barrington, MA 01230
- 25 Main St, Lenox, MA 01240
- 19 Harrison Ave, Springfield, MA 01103
- 31 Court St, Westfield, MA 01085
- 8 Martin St, Essex, MA 01929
- 207 Main St, Gloucester, MA 01930
- 144 Newburyport Tpke, Rowley, MA 01969
- 225 Stockbridge Rd, Great Barrington, MA 01230
- 37 Main St, North Adams, MA 01247
- 66 West St, Pittsfield, MA 01201
- 152 Main St, Ludlow, VT 05149
- 3450 Richville Road, Manchester Center, VT 05255
- 3816 Vermont Route 7a, Arlington, VT 05250
- 22 West St, Rutland, VT 05701
- 183 Quaker Rd, Queensbury, NY 12804
- 50 Auert Ave, Utica, NY 13502
- 1 Central Plz, Ilion, NY 13357
- 50 Genesee St, New Hartford, NY 13413
- 381 W Main St, West Winfield, NY 13491
- 34 Oriskany Blvd, Whitesboro, NY 13492
- 39 Cheshire Rd, Pittsfield, MA 01201
- 32 Main St, Stockbridge, MA 01262
- 1 Park St, Lee, MA 01238
- 488 Columbia Pike, New Lebanon, NY 12125
- 1629 Black River Blvd N, Rome, NY 13440
- 8491 Seneca Tpke, New Hartford, NY 13413
- 1300 Erie Blvd W, Rome, NY 13440
- 150 Route 6, Mahopac, NY 10541
- 249 Route 202, Somers, NY 10589
- 144 Route 22, Pawling, NY 12564
- 3649 Lee Rd, Jefferson Valley, NY 10535
- 226 Boston Tpke, Shrewsbury, MA 01545
- 25 Worcester Rd, Webster, MA 01570
Are deposits at Beacon Bank And Trust insured?
Yes. Beacon Bank And Trust is an FDIC-insured bank (FDIC certificate #17798). 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.
Beacon Bank And Trust: frequently asked questions
Is Beacon Bank And Trust a good bank?
Beacon Bank And Trust earns a Bankzia Trust Grade of B (87/100, "Strong"), based on a financial-strength score of 97/100 and a customer-experience score of 76.72476190476189/100. Strongly capitalized (11.3% capital ratio); Profitable (ROA 0.90%).
Is Beacon Bank And Trust FDIC-insured?
Yes. Beacon Bank And Trust is a FDIC-insured bank (FDIC certificate #17798). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Beacon Bank And Trust?
Beacon Bank And Trust holds $22.2 billion in total assets, ranking 73rd of 91 banks we track in Massachusetts. It operates 150 branches.
How many complaints does Beacon Bank And Trust have?
Consumers filed 84 complaints about BEACON FINANCIAL CORPORATION with the CFPB, or 3.8 per $1B in assets. 94% were answered on time. 15% closed with relief to the consumer.
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.
