BranchWatch

Ascend Bank

Headquartered in Guilford, CT. Part of Gsb Mutual Holding Company. FDIC certificate #18194 · Federal Reserve RSSD 831008.

Total assets
$1.5B
Deposits
$1.3B
Q1 2026
Active branches
13
Closings since Jan 2020
0
2 openings since Jan 2020
All locations →Quarterly financials →

Financial snapshot — Q1 2026

All quarters →
Net income (quarter)
$3M
Return on assets
0.87%
Return on equity
8.75%
Noncurrent loan rate
0.41%

Deposits by year (Summary of Deposits)

1
2019
1
2020
1
2021
1
2022
1
2023
1
2024
1
2025

Values in $ billions, June 30 of each year.

Openings by year

2
2021

Other network changes since 2020

  • 5 branches acquired through purchases or mergers
  • July 1, 2025: legal name changed from “The Guilford Savings Bank” to “Ascend Bank”

Branches by state

Connecticut 13

All figures transcribed from FDIC BankFind Suite records: structure-change history, quarterly financial reports and the annual Summary of Deposits · bank site: www.ascend.bank.