Vitals
  • Total Assets
    714.3M -11.5 %
  • Total Deposits
    629.3M 4.9 %
  • Total Net Loans
    445.9M 4.1 %
  • Net Income
  • Book Value
    53.5M -15.2 %
  • Book Value x2
    107.0M -15.2 %
  • Book Value x3
    160.5M -15.2 %
ROAA

ROAE

Efficiency Ratio

104.714

Net Interest Margin

2.614

Balance Sheet Highlights
Financial Highlights Westbank All Insured Commercial Banks in Massachusetts
Balance Sheet $(000)
Total Assets 714,325 2,285,938
Total Net Loans 445,918 1,428,731
Total Deposits 629,270 1,609,282
Total Equity 53,499 231,077
Profitability
Net Income — 64,657
Return on Average Assets — 1.934
Return on Average Equity — 11.644
Net Interest Margin 2.614 3.722
Efficiency Ratio 104.714 72.67
Noninterest Income/Revenue 7.559 37.255
Balance Sheet Ratios
Loan-to-Deposit 70.863 81.865
Securities/Assets .053 1.333
Total Equity/Total Assets .075 .101
Tangible Equity/Tangible Assets .059 -.022
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 43,090 168,205
Tier 2 Capital 4,210 48,281
Total Capital 47,300 187,899
Total Risk Weighted Assets 429,212 1,448,808
Leverage Ratio 5.37 11.741
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 10.04 19.004
Total Capital Ratio 11.02 20.114

Timeline for Westbank

Newalliance Bank

Westbank was acquired by Newalliance Bank 17 years

View Profile Jan 02 2007

Cargill Bank Of Connecticut

Acquisition: Westbank acquired a new subsidiary, Cargill Bank Of Connecticut, 22 years

View Profile Sep 08 2001

Park West Real Estate Investment Trust, Inc.

Park West Real Estate Investment Trust, Inc. became a new subsidiary organization for Westbank.

View Profile Jun 01 2000

Park West Securities Corporation

Park West Securities Corporation became a new subsidiary organization for Westbank.

View Profile Sep 30 1996

Johnson Road Development, Inc.

Johnson Road Development, Inc. became a new subsidiary organization for Westbank.

View Profile Apr 08 1991

Want to see more?

Complete timeline for Westbank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Newalliance Bank Buyer 9,033,198 Acquisition Discontinued 1/2/2007
Cargill Bank Of Connecticut Seller 160,475 Pooling of Interests Discontinued 9/8/2001
Chicopee Co-Operative Bank Seller 85,103 Discontinued 2/26/1990
The Park National Bank Of Holyoke Seller 11,733 Discontinued 7/16/1976
Relationships Role Relationship Start Relationship End
Westbank Corporation Parent 7/2/1984 1/1/2007
Pwb & T, Inc. Subsidary 7/2/1984 1/1/2007
Park West Securities Corporation Subsidary 9/30/1996 1/1/2007
Park West Real Estate Investment Trust, Inc. Subsidary 6/1/2000 12/31/2003
Lorac Leasing Corp. Subsidary 12/31/1986 5/16/2002
P.W.W., Inc Subsidary 11/6/1990 3/14/1994
Johnson Road Development, Inc. Subsidary 4/8/1991 12/30/1992
Ccb, Inc. Subsidary 2/26/1990 12/31/1991
Similar Organizations
Organization City State Total Assets
The Pitney Bowes Bank, Inc.
 		Salt Lake City UT 724.6M
Trust Company Of America
 		Centennial CO 700.3M
Pinnacle Bank
 		Keene TX 729.0M
Farmers State Bank
 		Marion IA 715.0M
Peoplessouth Bank
 		Colquitt GA 713.4M
The Berkshire Bank
 		New York NY 710.1M
Peoples State Bank
 		Prairie Du Chien WI 714.4M
The Bennington State Bank
 		Salina KS 717.5M
Kish Bank
 		Belleville PA 726.5M
Industry State Bank
 		Industry TX 723.0M