Bankwell one of the Top 100 Best
Bankwell was named one of the Top 100 Best-Performing Community Banks nationwide in 2016 in a report issued March 21 by S&P Global Market Intelligence. Bankwell was the only Connecticut bank to make the Top 100 Community Bank listing.
The ranking reflected certain financial metrics of community banks with $1 billion to $10 billion in assets, including loan growth, net charge-offs as a percentage of average loans, efficiency ratio, pretax return on average tangible common equity and net interest margin.
Founded in 2002, Bankwell has grown to nine branches in Fairfield and New Haven counties, including one in Wilton. The bank reported assets of $1.6 billion and net income of $12.4 million for the year ended Dec. 31, 2016.