Florence Bank is a bank based in Florence, Massachusetts, established in 1873, with $2.0 billion in total assets across 13 branches. By Trust Grade it ranks 23rd of 91 banks we track in Massachusetts. Its capital ratio of 10.5% is stronger than 55% of similarly sized banks, versus a Massachusetts median of 10.2%. It was profitable over the most recent period, with a 0.66% return on assets. No consumer complaints against Florence Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Florence Bank compares to Massachusetts peers
How we graded Florence Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (10.5% capital ratio)
- Profitable (ROA 0.66%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Florence Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (13)
- 85 Main St, Florence, MA 01062
- 69 Main St, Florence, MA 01062
- 176 King St, Northampton, MA 01060
- 1 Main St, Williamsburg, MA 01096
- 58 Main St, Northampton, MA 01060
- 377 Russell St, Hadley, MA 01035
- 5 Main St, Easthampton, MA 01027
- 385 College St, Amherst, MA 01002
- 20 George Hannum Rd, Belchertown, MA 01007
- 68 Pleasant St, Granby, MA 01033
- 1010 Union Street Ext, West Springfield, MA 01089
- 1444 Allen St, Springfield, MA 01118
- 705 Memorial Dr, Chicopee, MA 01020
Are deposits at Florence Bank insured?
Yes. Florence Bank is an FDIC-insured bank (FDIC certificate #23293). 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.
Florence Bank: frequently asked questions
Is Florence Bank a good bank?
Florence Bank earns a Bankzia Trust Grade of A (95/100, "Excellent"), based on a financial-strength score of 95/100 (it has no CFPB complaints on record). Strongly capitalized (10.5% capital ratio); Profitable (ROA 0.66%).
Is Florence Bank FDIC-insured?
Yes. Florence Bank is a FDIC-insured bank (FDIC certificate #23293). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Florence Bank?
Florence Bank holds $2.0 billion in total assets, ranking 23rd of 91 banks we track in Massachusetts. It operates 13 branches.
Does Florence Bank have CFPB complaints?
No CFPB complaints against Florence Bank appear in our data over the analysis window, which is typical for a bank of this size.
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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.
