Ascend Bank
Guilford, CT · Owner: Ascend Mutual Holding
$1.5B
total assets, June 30, 2026
$1.5B
total assets, June 30, 2026
Ascend Bank is a state savings bank based in Guilford, CT, owned by Ascend Mutual Holding. As of June 30, 2026 it held $1.5 billion in assets and $1.3 billion in deposits; assets were up 26.4% from a year before. It has 14 branches.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$1.5B
+26.4% in a year · +1.4% in a quarter
Deposits
$1.3B
+26.1% in a year · +1.2% in a quarter
Loans
$1.2B
+30.0% in a year · +2.8% in a quarter
Profit so far
$7.6M
Jan 1 to Jun 30, 2026 · +233.5% in a year
Capital ratio
9.65%
-1.26 pts in a year
Return on assets
1.03%
+0.65 pts in a year
Facts
- Type
- State savings bank
- Head office
- 1 Park St, Guilford, CT, 06437
- County
- South Central Connecticut
- Holding company
- Ascend Mutual Holding
- Established
- Dec 6, 1875
- Employees
- 171
- Branches
- 14
- Website
- www.ascend.bank
- Id
- b18194
Quarter by quarter
March 31, 1984 to June 30, 2026
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Branches
14 offices as of June 30, 2026, holding $1.3 billion in deposits
Branch map
Every branch, sized by its deposits
| State | Branches | Deposits | Share |
|---|---|---|---|
| Connecticut | 14 | $1.3B | 100.0% |
| Largest branches | Place | Deposits |
|---|---|---|
| Ascend Bank (main office) | Guilford, CT | $359M |
| North Main Street Branch | Branford, CT | $210M |
| Madison Branch | Madison, CT | $128M |
| Boston Post Road Branch | Old Saybrook, CT | $103M |
| North Haven Branch | North Haven, CT | $99.0M |
| The Guilford Plaza Branch | Guilford, CT | $85.7M |
| Jewett City Branch | Jewett City, CT | $74.5M |
| Northford Branch Office | Northford, CT | $59.1M |
| Plainfield Branch | Plainfield, CT | $55.1M |
| West Side Office | Norwich, CT | $43.3M |
Related pages
Questions and answers
How big is Ascend Bank?
$1.5 billion in total assets and $1.3 billion in deposits as of June 30, 2026, with assets up 26.4% from a year before. Its loans were $1.2 billion.
How many branches does Ascend Bank have?
14 branches in Connecticut as of June 30, 2026.
Is Ascend Bank profitable?
Yes: it earned $7.62 million from January 1 to June 30, 2026 (up 233.5% from the same months a year before). Its return on assets was 1.03% a year; about 1% is typical.
Who owns Ascend Bank?
Ascend Bank is owned by Ascend Mutual Holding, its holding company.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.