Bank · FDIC insured
Northern Bank
Top CarrotA $3.4B bank, the 377th largest of 4,207, headquartered in Woburn, MA, with 12 branches in Massachusetts. Best rates: CDs 4.50% and savings 1.25% APY.
Northern Bank Carrot Score
Carrot ScoreTop Carrot
Higher than 76% of U.S. banks and credit unions
#40 of 141 in Boston, MA-NH metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Northern Bank
Northern Bank is a privately-held, family-run bank founded in 1960 by two entrepreneurs.
The bank was established to support the entrepreneurial spirit of the community and help local businesses grow.
- Headquarters
- 275 Mishawum Rd, Woburn, MA 01801
- FDIC certificate
- 18266 ↗
Branches
12 branches in Massachusetts
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Massachusetts
12 branches
- Northern Bank & Trust CompanyMain office275 Mishawum Rd, Woburn, MA 01801Directions
- Acton Branch414 Massachusetts Ave, Acton, MA 01720Directions
- Billerica Branch482 Boston Rd, Billerica, MA 01821Directions
- Burlington Branch13 Center St, Burlington, MA 01803Directions
- Chelmsford Branch14 Littleton Rd, Chelmsford, MA 01824Directions
- Littleton Branch289 Great Rd, Littleton, MA 01460Directions
- Melrose Branch514 Franklin St, Melrose, MA 02176Directions
- Reading Branch600 Main St, Reading, MA 01867Directions
- Stoneham Branch240 Main St, Stoneham, MA 02180Directions
- Sudbury Branch430 Boston Post Rd, Sudbury, MA 01776Directions
- Westford Branch45 Main St, Westford, MA 01886Directions
- Woburn Branch303 Main St, Woburn, MA 01801Directions
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 | 14.55% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 2.07% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 1.90% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $103 | $88 | — |
- CapitalLeverage ratio14.55%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent2.07%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets1.90%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$103Peers’ 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 Northern Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.