The Andover Bank is a bank based in Andover, Ohio, established in 1884, with $602 million in total assets across 10 branches. By Trust Grade it ranks 146th of 157 banks we track in Ohio. Its capital ratio of 6.0% trails most similarly sized banks (3th percentile), versus a Ohio median of 10.3%. It was profitable over the most recent period, with a 0.64% return on assets. No consumer complaints against The Andover Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How The Andover Bank compares to Ohio peers
How we graded The Andover Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (6.0% capital ratio)
- Profitable (ROA 0.64%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for The Andover Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (10)
- 212 W Plum St, Edinboro, PA 16412
- 1853 State Route 45, Austinburg, OH 44010
- 665 S Broadway, Geneva, OH 44041
- 150 N Chestnut St, Jefferson, OH 44047
- 339 State St, Conneaut, OH 44030
- 2420 Zimmerly Rd, Erie, PA 16506
- 1630 W 19th St, Ashtabula, OH 44004
- 6611 N Ridge Rd, Madison, OH 44057
- 53 E State St, Albion, PA 16401
- 19 Public Sq, Andover, OH 44003
Are deposits at The Andover Bank insured?
Yes. The Andover Bank is an FDIC-insured bank (FDIC certificate #10663). 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.
The Andover Bank: frequently asked questions
Is The Andover Bank a good bank?
The Andover Bank earns a Bankzia Trust Grade of B (81/100, "Strong"), based on a financial-strength score of 81/100 (it has no CFPB complaints on record). Well-capitalized (6.0% capital ratio); Profitable (ROA 0.64%).
Is The Andover Bank FDIC-insured?
Yes. The Andover Bank is a FDIC-insured bank (FDIC certificate #10663). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is The Andover Bank?
The Andover Bank holds $602 million in total assets, ranking 146th of 157 banks we track in Ohio. It operates 10 branches.
Does The Andover Bank have CFPB complaints?
No CFPB complaints against The Andover 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.
