Essex Bank is a bank based in Essex, Connecticut, established in 1851, with $526 million in total assets across 8 branches. By Trust Grade it ranks 6th of 28 banks we track in Connecticut. Its capital ratio of 14.2% is stronger than 87% of similarly sized banks, versus a Connecticut median of 10.2%. It was profitable over the most recent period, with a 0.89% return on assets. No consumer complaints against Essex Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Essex Bank compares to Connecticut peers
How we graded Essex Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (14.2% capital ratio)
- Profitable (ROA 0.89%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Essex Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (8)
- 35 Plains Rd, Essex, CT 06426
- 155 Main St, Old Saybrook, CT 06475
- 101 Halls Rd, Old Lyme, CT 06371
- 9 Main St, Essex, CT 06426
- 99 Durham Rd, Madison, CT 06443
- 203 Middlesex Ave, Chester, CT 06412
- 35 Plains Rd, Essex, CT 06426
- 176 Westbrook Rd, Essex, CT 06426
Are deposits at Essex Bank insured?
Yes. Essex Bank is an FDIC-insured bank (FDIC certificate #17262). 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.
Essex Bank: frequently asked questions
Is Essex Bank a good bank?
Essex Bank earns a Bankzia Trust Grade of A (97/100, "Excellent"), based on a financial-strength score of 97/100 (it has no CFPB complaints on record). Strongly capitalized (14.2% capital ratio); Profitable (ROA 0.89%).
Is Essex Bank FDIC-insured?
Yes. Essex Bank is a FDIC-insured bank (FDIC certificate #17262). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Essex Bank?
Essex Bank holds $526 million in total assets, ranking 6th of 28 banks we track in Connecticut. It operates 8 branches.
Does Essex Bank have CFPB complaints?
No CFPB complaints against Essex 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.
