Newbank is a bank based in Flushing, New York, established in 2006, with $614 million in total assets across 6 branches. By Trust Grade it ranks 68th of 118 banks we track in New York. Its capital ratio of 14.5% is stronger than 88% of similarly sized banks, versus a New York median of 10.4%. It was profitable over the most recent period, with a 0.43% return on assets. No consumer complaints against Newbank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Newbank compares to New York peers
How we graded Newbank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (14.5% capital ratio)
- Profitable (ROA 0.43%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Newbank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (6)
- 1475 Bergen Blvd, Fort Lee, NJ 07024
- 14601 Northern Blvd, Flushing, NY 11354
- 189 Homans Ave, Closter, NJ 07624
- 25 W 32nd St, New York, NY 10001
- 475 Park Avenue, Fort Lee, NJ 07024
- 4568 Francis Lewis Blvd, Bayside, NY 11361
Are deposits at Newbank insured?
Yes. Newbank is an FDIC-insured bank (FDIC certificate #58203). 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.
Newbank: frequently asked questions
Is Newbank a good bank?
Newbank earns a Bankzia Trust Grade of A (93/100, "Excellent"), based on a financial-strength score of 93/100 (it has no CFPB complaints on record). Strongly capitalized (14.5% capital ratio); Profitable (ROA 0.43%).
Is Newbank FDIC-insured?
Yes. Newbank is a FDIC-insured bank (FDIC certificate #58203). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Newbank?
Newbank holds $614 million in total assets, ranking 68th of 118 banks we track in New York. It operates 6 branches.
Does Newbank have CFPB complaints?
No CFPB complaints against Newbank 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.
