Bank · FDIC insured
Florence Bank
A $2B bank headquartered in Florence, MA, with 14 branches in Massachusetts. Best rates: CDs 3.55% and savings 0.15% APY.
Florence Bank Carrot Score
68
Carrot Score
Higher than 22% of U.S. banks and credit unions
#7 of 14 in Amherst Town, MA metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Florence Bank
Founded in 1873, Florence Bank is a community bank with no stockholders or shareholders.
The bank serves Western Massachusetts, focusing on supporting people, businesses, and organizations throughout the Valley.
- Headquarters
- 85 Main St, Florence, MA 01062
- FDIC certificate
- 23293 ↗
Branches
14 branches in Massachusetts
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Massachusetts
14 branches
Amherst Town area · 10
- Florence BankMain office85 Main St, Florence, MA 01062Directions
- College Street Branch385 College St, Amherst, MA 01002Directions
- Belchertown Branch20 George Hannum Rd, Belchertown, MA 01007Directions
- Easthampton Branch5 Main St, Easthampton, MA 01027Directions
- Florence Drive-Up Branch69 Main St, Florence, MA 01062Directions
- Granby Branch68 Pleasant St, Granby, MA 01033Directions
- Hadley Branch377 Russell St, Hadley, MA 01035Directions
- King Street Branch176 King St, Northampton, MA 01060Directions
- Northampton Branch58 Main St, Northampton, MA 01060Directions
- Williamsburg Branch1 Main St, Williamsburg, MA 01096Directions
Springfield area · 4
- Chicopee Branch705 Memorial Dr, Chicopee, MA 01020Directions
- Holyoke Branch1490 Northampton St, Holyoke, MA 01040Directions
- Allen Street Branch1444 Allen St, Springfield, MA 01118Directions
- West Springfield Branch1010 Union Street Ext, West Springfield, MA 01089Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 12.23% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 0.46% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 0.72% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $71 | $88 | — |
- CapitalLeverage ratio12.23%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent0.46%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets0.72%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$71Peers’ middle $88
Compared with the 897 banks with $1 billion to $10 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Florence Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.