Ascend Bank is a bank based in Guilford, Connecticut, established in 1875, with $1.5 billion in total assets across 13 branches. By Trust Grade it ranks 7th of 28 banks we track in Connecticut. Its capital ratio of 10.0% trails most similarly sized banks (45th percentile), versus a Connecticut median of 10.2%. It was profitable over the most recent period, with a 0.87% return on assets. No consumer complaints against Ascend Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Ascend Bank compares to Connecticut peers
How we graded Ascend Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (10.0% capital ratio)
- Profitable (ROA 0.87%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Ascend Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (13)
- 1 Park St, Guilford, CT 06437
- 625 Boston Post Rd, Guilford, CT 06437
- 589 Boston Post Rd, Madison, CT 06443
- 666 W Main St, Norwich, CT 06360
- 1 Slater Ave, Jewett City, CT 06351
- 61 N Main St, Branford, CT 06405
- 257 Main St, Norwich, CT 06360
- 494 Old Toll Rd, Madison, CT 06443
- 840 Boston Post Rd, Old Saybrook, CT 06475
- 14 Lathrop Rd, Plainfield, CT 06374
- 220 W Town St, Norwich, CT 06360
- 158 Washington Ave, North Haven, CT 06473
- 1409 Middletown Ave, Northford, CT 06472
Are deposits at Ascend Bank insured?
Yes. Ascend Bank is an FDIC-insured bank (FDIC certificate #18194). 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.
Ascend Bank: frequently asked questions
Is Ascend Bank a good bank?
Ascend 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 (10.0% capital ratio); Profitable (ROA 0.87%).
Is Ascend Bank FDIC-insured?
Yes. Ascend Bank is a FDIC-insured bank (FDIC certificate #18194). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Ascend Bank?
Ascend Bank holds $1.5 billion in total assets, ranking 7th of 28 banks we track in Connecticut. It operates 13 branches.
Does Ascend Bank have CFPB complaints?
No CFPB complaints against Ascend 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.
