Ion Bank
Headquartered in Naugatuck, CT. Part of Ion Financial, Mhc, Inc. FDIC certificate #18198 · Federal Reserve RSSD 407506.
Total assets
$2.8B
Deposits
$2.3B
Q1 2026
Active branches
37
Closings since Jan 2020
3
5 openings since Jan 2020
Financial snapshot — Q1 2026
All quarters →Net income (quarter)
$6M
Return on assets
0.85%
Return on equity
7.04%
Noncurrent loan rate
1.01%
Deposits by year (Summary of Deposits)
12019
12020
22021
22022
22023
22024
22025
Values in $ billions, June 30 of each year.
Closings by year
32022
Openings by year
22021
22022
12023
Other network changes since 2020
- 5 branch relocations
- 13 branches acquired through purchases or mergers
Branches by state
Recent closings
- 251 CHURCH STREET · closed April 25, 2022
- RUBBER AVENUE · closed March 31, 2022
- 543 RUBBER AVENUE · closed January 3, 2022
All figures transcribed from FDIC BankFind Suite records: structure-change history, quarterly financial reports and the annual Summary of Deposits · bank site: www.ionbank.com.