Banks in Connecticut

5 FDIC-insured banks headquartered in Connecticut, ranked by total assets.

Connecticut is home to 5 FDIC-insured banks holding a combined $102.35B in total assets and approximately $83.41B in deposits (Source: FDIC BankFind). These figures represent banks headquartered in Connecticut and may not include all branches of out-of-state banks operating in the state.

Webster Bank is the largest bank headquartered in Connecticut with $83.99B in total assets, representing a concentrated market where one institution holds the majority of state-headquartered bank assets (Source: FDIC BankFind). The mix of national banks, regional institutions, and community banks in Connecticut provides consumers with a range of options based on their banking preferences.

Total Banks

Combined Assets

$102.35B

Avg ROA

0.99%

Largest banks in Connecticut

Webster Bank

Webster Bank is the largest bank headquartered in Connecticut with $83.99B in total assets and 195 branches (Source: FDIC BankFind).

Liberty Bank

Liberty Bank is a major bank headquartered in Connecticut with $8.98B in total assets and 51 branches (Source: FDIC BankFind).

Bankwell Bank

Bankwell Bank is a major bank headquartered in Connecticut with $3.35B in total assets and 9 branches (Source: FDIC BankFind).

Union Savings Bank

Union Savings Bank is a major bank headquartered in Connecticut with $3.30B in total assets and 26 branches (Source: FDIC BankFind).

Ion Bank

Ion Bank is a major bank headquartered in Connecticut with $2.73B in total assets and 37 branches (Source: FDIC BankFind).

Banks headquartered in Connecticut

#	Bank	Total Assets	Deposits	ROA	Branches
1	Webster Bank, National AssociationStamford	$83.99B	$68.90B	1.26%	195
2	Liberty BankMiddletown	$8.98B	$6.95B	0.99%	51
3	Bankwell BankNew Canaan	$3.35B	$2.85B	1.27%	9
4	Union Savings BankDanbury	$3.30B	$2.48B	0.61%	26
5	Ion BankNaugatuck	$2.73B	$2.23B	0.79%	37

Source: FDIC BankFind, most recent quarterly data. Only includes banks headquartered in Connecticut. Data last updated: April 2, 2026.

Credit unions in Connecticut

2 credit unions headquartered in Connecticut, ranked by total assets. Credit unions are member-owned cooperatives insured by the NCUA.

#	Credit Union	Total Assets	Members	ROA	Branches
1	AMERICAN EAGLE FINANCIALEAST HARTFORD	$2.65B	165,039	0.57%	N/A
2	CONNECTICUT STATE EMPLOYEESHARTFORD	$2.64B	69,672	0.52%	N/A

Source: NCUA Quarterly Call Report Data. Only includes credit unions headquartered in Connecticut.

How to choose a bank in Connecticut

When choosing a bank in Connecticut, consider what matters most for your financial needs. Connecticut has 5 FDIC-insured banks headquartered in the state, plus additional out-of-state banks with local branches. Each institution offers different strengths in terms of branch access, product variety, and community focus.

Consider whether branch access matters to you. If you prefer in-person banking, look for institutions with branches near your home or workplace. If you primarily use mobile and online banking, you may want to prioritize digital features and compare interest rates, as online-focused banks often offer higher savings APYs.

All banks listed on this page are FDIC-insured, meaning deposits are protected up to $250,000 per depositor, per insured bank, for each account ownership category (Source: FDIC). Beyond FDIC insurance, compare factors such as monthly maintenance fees, ATM networks, minimum balance requirements, and customer service availability. The CFPB recommends comparing at least three institutions before opening a new account.

Compare banks side by side Savings calculators Our methodology

Data Sources

FDIC BankFind: Financial data including total assets, deposits, net income, ROA, and ROE for all FDIC-insured institutions. https://banks.data.fdic.gov/

CFPB Consumer Complaint Database: Consumer complaint data by institution, including complaint volumes, response rates, and top issue categories. https://www.consumerfinance.gov/data-research/consumer-complaints/

Federal Reserve Economic Data (FRED): Interest rate benchmarks including the Federal Funds Rate, Treasury yields, and national savings rate averages. https://fred.stlouisfed.org/

BankRanked is not a bank, credit union, or financial advisor. This content is for educational purposes only and does not constitute financial advice. All data is sourced from publicly available government databases (FDIC, NCUA, CFPB, FRED). Consult a licensed financial professional before making banking decisions.