Bankgloucester is a bank based in Gloucester, Massachusetts, established in 1887, with $384 million in total assets across 3 branches. By Trust Grade it ranks 74th of 91 banks we track in Massachusetts. Its capital ratio of 8.4% trails most similarly sized banks (19th percentile), versus a Massachusetts median of 10.2%. It was profitable over the most recent period, with a 0.42% return on assets. No consumer complaints against Bankgloucester appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Bankgloucester compares to Massachusetts peers
How we graded Bankgloucester
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.4% capital ratio)
- Profitable (ROA 0.42%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Bankgloucester over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (3)
- 160 Main St, Gloucester, MA 01930
- 15 Martin St, Essex, MA 01929
- 143 High St, Ipswich, MA 01938
Are deposits at Bankgloucester insured?
Yes. Bankgloucester is an FDIC-insured bank (FDIC certificate #26536). 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.
Bankgloucester: frequently asked questions
Is Bankgloucester a good bank?
Bankgloucester earns a Bankzia Trust Grade of B (87/100, "Strong"), based on a financial-strength score of 87/100 (it has no CFPB complaints on record). Well-capitalized (8.4% capital ratio); Profitable (ROA 0.42%).
Is Bankgloucester FDIC-insured?
Yes. Bankgloucester is a FDIC-insured bank (FDIC certificate #26536). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Bankgloucester?
Bankgloucester holds $384 million in total assets, ranking 74th of 91 banks we track in Massachusetts. It operates 3 branches.
Does Bankgloucester have CFPB complaints?
No CFPB complaints against Bankgloucester 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.
