Safest Banks in Connecticut 2026
Connecticut has 28 FDIC-insured banks with an average Bank Health Score of 64/100 (C). The safest bank is Massmutual Trust Co with a score of 100/100.
Data from FDIC Q2 2024
Top 20 of 28 Banks in Connecticut
| # | Bank | City | Grade | Score | Tier 1 Capital | NPL Ratio |
|---|---|---|---|---|---|---|
| 1 | Massmutual Trust Co | Windsor | A | 100 | 51.17% | 0.00% |
| 2 | Stafford Savings Bank | Stafford Springs | A | 97 | 32.48% | 0.45% |
| 3 | Chelsea Groton Bank | Groton | A | 91 | 19.90% | 0.19% |
| 4 | Dime Bank | Norwich | A | 88 | 15.83% | 0.18% |
| 5 | First County Bank | Stamford | A | 82 | 13.56% | 0.10% |
| 6 | Milford Bank | Milford | A | 80 | 14.48% | 0.21% |
| 7 | Webster Bank National Assn | Stamford | B | 78 | 11.79% | 0.71% |
| 8 | National Iron Bank | Salisbury | B | 78 | 16.76% | 0.00% |
| 9 | Newtown Savings Bank | Newtown | B | 77 | 14.05% | 0.25% |
| 10 | Ion Bank | Naugatuck | B | 75 | 12.06% | 0.31% |
| 11 | Jewett City Savings Bank | Jewett City | B | 75 | 18.45% | 0.80% |
| 12 | Northwest Community Bank | Winsted | B | 71 | 12.84% | 0.36% |
| 13 | Fieldpoint Private B&T | Greenwich | B | 69 | 9.37% | 0.27% |
| 14 | First Bank of Greenwich | Cos Cob | C | 64 | 11.15% | 0.00% |
| 15 | Essex Savings Bank | Essex | C | 58 | 0.00% | 0.06% |
| 16 | Connecticut Cmty Bank NA | Norwalk | C | 56 | 0.00% | 0.87% |
| 17 | New Haven Bank | New Haven | C | 56 | 10.90% | 0.23% |
| 18 | Bankwell Bank | New Canaan | C | 55 | 11.67% | 2.12% |
| 19 | Union Savings Bank | Danbury | C | 51 | 0.00% | 0.72% |
| 20 | Fairfield County Bank | Ridgefield | C | 50 | 0.00% | 0.12% |
Bank Health Scores for Connecticut are calculated from FDIC Call Report data including Tier 1 capital ratios, nonperforming loan ratios, liquidity ratios, and return on assets.
Frequently Asked Questions
Based on our Bank Health Score analysis of FDIC data, Massmutual Trust Co in Windsor is currently the safest bank in Connecticut with a score of 100/100 (Grade A).
Connecticut has 28 FDIC-insured banks with a combined $108.6B in total assets. The average Bank Health Score across the state is 64/100.
The Bank Health Score (0-100) is based on four FDIC-reported metrics: Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%). Higher scores indicate stronger financial health.
Bank Health Scores are computed from quarterly FDIC Call Report data. Tier 1 capital ratio (35%), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).