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Florence Bank


ACH Number: 211871688

Florence Bank is an FDIC insured institution headquartered at 85 Main St, Florence, MA 01062.
It was founded in 1873 and has approximately $2 billion in assets. Customers can open an account at one of its 11 branches.

Deposit Rates - August 27, 2026

SAVINGS RATES APY MIN
SAV
3.15% $10 Compare
CD RATES APY MIN
3 Mo CD
1.00% $500 Compare
6 Mo CD
0.50% $500 Compare
7 Mo CD
4.75% $500 Compare
12 Mo CD
1.49% $500 Compare
18 Mo CD
0.15% $500 Compare
24 Mo CD
0.20% $500 Compare
30 Mo CD
2.13% $500 Compare
36 Mo CD
0.35% $500 Compare
48 Mo CD
2.96% $500 Compare
60 Mo CD
1.00% $500 Compare
MM RATES APY MIN
Money Market
0.05% $10 Compare
Money Market
0.15% $10,000 Compare
Money Market
0.20% $25,000 Compare
Money Market
0.30% $50,000 Compare
Money Market
0.40% $100,000 Compare
VARIABLE IRA RATES APY MIN
VIRA
1.00% $10
INT CHECKING RATES APY MIN
INTCK
0.01% $0




Overview 2026

General Bank Information

FDIC Insured Yes
FDIC Certificate # 23293
Date Established 1873
Assets $ 2.01 billion
Loans $ 1,233.10 million
Deposits $ 1,753.77 million
Capital $ 208.81 million

Summary Balance Sheet as of December 31, 2025

ASSETS
Cash & Balances due from depository institutions $ 86.22 million
Interest-bearing balances $ 50.76 million
Total securities $ 599.04 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,233.10 million
Loan loss allowance $ 7.79 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 $ 68.41 million
     Total Assets $ 1,799.07 million

LIABILITIES
Total deposits $ 1,753.77 million
      Interest-bearing deposits $ 1,302.78 million
      Deposits held in domestic offices $ 1,753.77 million
      % insured (estimated)" 75.91%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 21.56 millionn
      Total Liabilities $ 1,799.07 million
      Shareholders’ Equity $ 208.81 million

Summary Income Statement as of December 31, 2025

INCOME AND EXPENSES
Total Interest Income $ 74.41 million
Total Interest Expense $ 24.17 million
Net interest income $ 50.24 million
Provision for loan and lease losses $ 1.30 million
Total non interest income $ 7.82 million
Total non interest expense $ 40.89 million
Pre-tax Net Operating Income $ 9.98 million

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