Milford Federal Bank is a bank based in Milford, Massachusetts, established in 1937, with $545 million in total assets across 4 branches. By Trust Grade it ranks 51st of 91 banks we track in Massachusetts. Its capital ratio of 10.8% is stronger than 60% of similarly sized banks, versus a Massachusetts median of 10.2%. It was profitable over the most recent period, with a 0.29% return on assets. No consumer complaints against Milford Federal Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Milford Federal Bank compares to Massachusetts peers
How we graded Milford Federal Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (10.8% capital ratio)
- Profitable (ROA 0.29%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Milford Federal Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (4)
- 67 Medway Rd, Milford, MA 01757
- 2020 Diamond Hill Rd, Woonsocket, RI 02895
- 246 Main St, Milford, MA 01757
- 1271 Providence Rd, Whitinsville, MA 01588
Are deposits at Milford Federal Bank insured?
Yes. Milford Federal Bank is an FDIC-insured bank (FDIC certificate #29835). 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.
Milford Federal Bank: frequently asked questions
Is Milford Federal Bank a good bank?
Milford Federal Bank earns a Bankzia Trust Grade of A (92/100, "Excellent"), based on a financial-strength score of 92/100 (it has no CFPB complaints on record). Strongly capitalized (10.8% capital ratio); Profitable (ROA 0.29%).
Is Milford Federal Bank FDIC-insured?
Yes. Milford Federal Bank is a FDIC-insured bank (FDIC certificate #29835). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Milford Federal Bank?
Milford Federal Bank holds $545 million in total assets, ranking 51st of 91 banks we track in Massachusetts. It operates 4 branches.
Does Milford Federal Bank have CFPB complaints?
No CFPB complaints against Milford Federal 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.
