New Valley Bank & Trust


New Valley Bank & Trust is an FDIC insured institution headquartered at 1 Monarch Pl, Springfield, MA 01144.
It was founded in 2019 and has approximately $0 billion in assets. Customers can open an account at one of its 0 branches.

Deposit Rates - April 22, 2025

Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 59143
Date Established 2019
Assets $ 325.12 million
Loans $ 249.43 million
Deposits $ 271.81 million
Capital $ 26.48 million

Summary Balance Sheet as of December 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 10.87 million
Interest-bearing balances $ 2.43 million
Total securities $ 50.75 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 249.43 million
Loan loss allowance $ 5.12 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 5.49 million
     Total Assets $ 298.64 million

LIABILITIES
Total deposits $ 271.81 million
      Interest-bearing deposits $ 248.13 million
      Deposits held in domestic offices $ 271.81 million
      % insured (estimated)" 63.75%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.68 millionn
      Total Liabilities $ 298.64 million
      Shareholders’ Equity $ 26.48 million

Summary Income Statement as of December 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 15.77 million
Total Interest Expense $ 7.45 million
Net interest income $ 8.32 million
Provision for loan and lease losses $ 2.59 million
Total non interest income $ 0.65 million
Total non interest expense $ 8.52 million
Pre-tax Net Operating Income $ 0.25 million

Customer Reviews for New Valley Bank & Trust

There are currently no comments for New Valley Bank & Trust. Be the first to share your experience. Please provide comments that will help others.


Add Your Review


Rate it here →



Branches

Click on location and enter new zip number to change."
Your current location is: Columbus, OH

New Valley Bank & Trust Locations