330 Whitney Avenue
Holyoke, MA 01040
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.65% →
1-Year CD 0.20% 0.70% →
2-Year CD 0.50% 0.75% →
5-Year CD 1.25% 1.15% →
30-Year Mortgage 3.83% 2.72% →
15-Year Mortgage 3.52% 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

PeoplesBank is an FDIC insured institution located in Holyoke, MA. It was founded in 1885 and has approximately $3.47 billion in assets. Customers can open an account at one of its 20 branches.

FDIC Insured Yes
FDIC Certificate # 90213
Date Established 1885
Assets $ 3.47 billion
Loans $ 2.33 billion
Deposits $ 2.61 billion
Capital $ 318.53 million

For a more detailed analysis of PeoplesBank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 1, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
12 Mo CD
0.20% $10,000 $14,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
18 Mo CD
0.35% $10,000 $14,999 Learn More
18 Mo CD
0.35% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More
36 Mo CD
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.65% $100,000 $199,999 Learn More
48 Mo CD
0.85% $10,000 $14,999 Learn More
48 Mo CD
0.85% $100,000 $199,999 Learn More
60 Mo CD
1.25% $10,000 $14,999 Learn More
60 Mo CD
1.25% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less
Checking Rates APY MIN FEE
Free Checking 0.00% $0 $0.00 Learn MoreShow Less
Interest Checking 0.10% $5,000 $10.00 Learn MoreShow Less

Loan Rates - August 1, 2021

Your Current Location: Connecticut, CT 06828

Home Equity Rates APR Rate Monthly Payment
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.


PeoplesBank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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PeoplesBank Locations

Financial Details

PeoplesBank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of PeoplesBank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
PeoplesBank U.S. Bank Average
3.3% 5.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2021, PeoplesBank had $11,219,000 in non-current loans and $98,000 in owned real estate. To cover these potential losses it had $318,533,000 in equity and $24,321,000 in loans loss reserves. That gives it a Texas Ratio of 3.3%.

Return on Equity
PeoplesBank U.S. Bank Average
3.15% 11.43%

PeoplesBank has a Return on Equity of 3.15% versus the BestCashCow average of 11.43%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

PeoplesBank U.S. Bank Average
9.17% 11.51%

PeoplesBank has a Capitalization of 9.17% versus the BestCashCow average of 11.51. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

PeoplesBank Balance Sheet Analysis

As of March 31, 2021, PeoplesBank had assets of $3,472,044,000, loans of $2,328,484,000, and deposits of $2,607,031,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2021
Cash & Balances due from depository institutions $ 513.10 million
Interest-bearing balances $ 485.55 million
Total securities $ 422.54 million
Federal funds sold and reverse repurchase $ 0.00 million
Net loans and leases $ 2.33 billion
Loan loss allowance $ 24.32 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.10 million
Goodwill and other intangibles $ 29.11 million
All other assets $ 134.48 million
     Total Assets $ 3.15 billion
Total deposits $ 2.61 billion
      Interest-bearing deposits $ 2.03 billion
      Deposits held in domestic offices $ 2.61 billion
      % insured (estimated) 62.90%
Federal funds purchased and repurchase agreements $ 51.74 million
Trading liabilities N.A.
Other borrowed funds $ 445.70 million
Subordinated debt N.A.
All other liabilities $ 49.05 million
      Total Liabilities $ 3.15 billion
      Shareholders’ Equity $ 318.53 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 24.97 million
Total Interest Expense $ 4.44 million
Net interest income $ 20.52 million
Provision for loan and lease losses $ 0.95 million
Total non interest income $ 4.46 million
Total non interest expense $ 22.44 million
Pre-tax Net Operating Income $ 1.59 million

Bank Loan Profile?

The top three loan types in PeoplesBank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, PeoplesBank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 34.78
Credit Card Loans 0.00
Consumer Auto Loans 0.03
Small Business Loans 2.52
Construction and Development Loans 6.17
Commercial Real Estate 33.26
Commercial and Industrial Loans 15.17
Farm Loans 0.00

Frequently Asked Questions About Peoplesbank

Branches and Savings

Is Peoplesbank FDIC insured?

Yes. It is covered under FDIC Certificate #90213.

Why does Peoplesbank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Peoplesbank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Peoplesbank a commercial bank?


Where are Peoplesbank locations?

See branch locations nearby.

Is Peoplesbank open on Saturdays?

Is Peoplesbank open on Sundays?

What time does Peoplesbank open?

What time does Peoplesbank close?

Are Peoplesbank ATMs Open 24/7?

Do Peoplesbank ATMs accept cash deposits?

Can Peoplesbank customers use other ATMs?

Do Peoplesbank branches have notaries?

Will Peoplesbank notarize my document?

What address for Peoplesbank should I put for incoming ACH transfers?

Will the Peoplesbank branch print checks?

Do Peoplesbank checks expire?

Does Peoplesbank require US citizenship to open account?

Can Peoplesbank close my account?

Does Peoplesbank Report to credit bureaus?

Does Peoplesbank Use Equifax?

What is Peoplesbank's ACH Routing Number?

What is Peoplesbank's SWIFT code?


Does Peoplesbank offer mortgages?

Compare mortgage rates here.

Does Peoplesbank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Peoplesbank offer personal loans?

Compare personal loan rates here.

Does Peoplesbank offer student loans?

Will Peoplesbank cash a check?

Will Peoplesbank redeem a savings bond?

Does Peoplesbank cash savings bonds?

Will Peoplesbank cash money orders?

Can Peoplesbank issue a money order?

Does Peoplesbank do currency exchange?

Background on The Bank

Who owns Peoplesbank?

How long has Peoplesbank been around?

Can Peoplesbank transfer to other banks?

Does Peoplesbank have quick pay?

Does Peoplesbank accept rolled coins?

Will Peoplesbank accept loose change?

Where is Peoplesbank headquarters?

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