Bank · FDIC insured
The Milford Bank
A $652M bank headquartered in Milford, CT, with 5 branches in Connecticut. Best rates: CDs 0.35% and savings 0.05% APY.
The Milford Bank Carrot Score
60
Carrot Score
Higher than 0% of U.S. banks and credit unions
#30 of 31 in New Haven, CT metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About The Milford Bank
Established in 1872 and opened in 1875, The Milford Bank is headquartered in Milford, Connecticut.
Operating as a mutual savings bank without stockholders, it was formed to provide local banking services to residents.
- Headquarters
- 33 Broad St, Milford, CT 06460
- FDIC certificate
- 16101 ↗
Branches
5 branches in Connecticut
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Connecticut
5 branches
New Haven area · 4
- The Milford BankMain office33 Broad St, Milford, CT 06460Directions
- Devon Branch205 Bridgeport Ave, Milford, CT 06460Directions
- Roses Mill Office Branch51 Roses Mill Road, Milford, CT 06460Directions
- Woodmont Branch259 Merwin Ave, Milford, CT 06460Directions
Bridgeport area · 1
- Main Street Stratford Branch3651 Main St, Stratford, CT 06614Directions
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 | 9.94% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.49% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.65% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $102 | $81 | — |
- CapitalLeverage ratio9.94%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.49%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.65%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$102Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 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 The Milford Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.