Bankwell was named one of the “Top 100 Best-Performing Community Banks” nationwide in 2016 in a report issued on last month by S&P Global Market Intelligence. Not only that, but Bankwell was the only Connecticut bank to make the Top 100 Community Bank listing.
The ranking reflects certain financial metrics of community banks with $1 billion to $10 billion in assets, including loan growth, net charge-offs as a percentage of average loans, efficiency ratio, pretax return on average tangible common equity and net interest margin.
Founded in 2002, Bankwell has grown to nine branches in Fairfield and New Haven Counties that serve the banking and lending needs of residents and businesses throughout Connecticut. The Bank reported assets of $1.6 billion and record net income of $12.4 million for the year ended December 31, 2016.
Known for its private banking style, Bankwell is also a market leader in digital banking capabilities, having recently launched fingerprint and retina eye scan login, as well as an app that lets customers control the security and transactions of their debit card from their smartphone.
More about Bankwell can be found on the Bankwell website.