Bank · FDIC insured
Ion Bank
A $2.8B bank headquartered in Naugatuck, CT, with 32 branches in 2 states. Best rates: CDs 4.00% and savings 0.40% APY.
Ion Bank Carrot Score
71
Carrot Score
Higher than 30% of U.S. banks and credit unions
#108 of 161 in New York, NY-NJ metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Ion Bank
Ion Bank is an independent financial institution operated under Ion Financial, MHC that has been serving personal and business customers since 1870.
- Headquarters
- 251 Church St, Naugatuck, CT 06770
- FDIC certificate
- 18198 ↗
Branches
32 branches in 2 states
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Connecticut
20 branches
Waterbury area · 12
- Ansonia Branch75 Tremont St, Ansonia, CT 06401Directions
- Cheshire Branch218 Maple Ave, Cheshire, CT 06410Directions
- Middlebury Branch600 Middlebury Rd, Middlebury, CT 06762Directions
- Church Street Branch87 Church Street, Naugatuck, CT 06770Directions
- New Haven Road Branch1430 New Haven Rd, Naugatuck, CT 06770Directions
- Oxford Branch71 Oxford Rd, Oxford, CT 06478Directions
- Prospect Branch24 Waterbury Rd, Prospect, CT 06712Directions
- Southbury Branch363 Main St S, Southbury, CT 06488Directions
- Waterbury Branch910 Wolcott St, Waterbury, CT 06705Directions
- Waterbury Branch3670 E Main St, Waterbury, CT 06705Directions
- Watertown Branch544 Straits Tpke, Watertown, CT 06795Directions
- Woodbury Branch670 Main St N, Woodbury, CT 06798Directions
Hartford area · 4
- Farmington Branch4 Main St, Farmington, CT 06032Directions
- South Windsor Branch Office1751 Ellington Rd, South Windsor, CT 06074Directions
- Southington Branch Office376 North Main Street, Southington, CT 06489Directions
- Unionville Branch Office79 Main St, Unionville, CT 06085Directions
New Haven area · 4
- Hamden Branch2989 Whitney Ave, Hamden, CT 06518Directions
- Meriden Branch1336 E Main St, Meriden, CT 06450Directions
- West Main Street Branch500 W Main St, Meriden, CT 06451Directions
- Wallingford Branch665 N Colony Rd, Wallingford, CT 06492Directions
New Jersey
12 branches
- Bergenfield Branch135 N Washington Ave, Bergenfield, NJ 07621Directions
- Closter Branch175 Homans Ave, Closter, NJ 07624Directions
- Cresskill Branch189 County Rd, Cresskill, NJ 07626Directions
- Nve Bank Branch76 Engle St, Englewood, NJ 07631Directions
- Hillsdale Branch159 Broadway, Hillsdale, NJ 07642Directions
- Leonia Branch310 Broad Ave, Leonia, NJ 07605Directions
- Lincoln Park Branch261 Comly Rd, Lincoln Park, NJ 07035Directions
- Montville Branch223 Changebridge Rd, Montville, NJ 07045Directions
- New Milford Branch400 River Rd, New Milford, NJ 07646Directions
- Palisade Avenue Branch740 Palisade Ave, Teaneck, NJ 07666Directions
- Teaneck Branch1505 Teaneck Rd, Teaneck, NJ 07666Directions
- Tenafly Branch80 County Rd, Tenafly, NJ 07670Directions
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 | 11.91% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 1.50% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 0.93% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $88 | $88 | — |
- CapitalLeverage ratio11.91%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent1.50%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets0.93%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$88Peers’ 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 Ion Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.