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New Haven Bank is a community-focused FDIC-insured bank operating in Connecticut since 2010, offering checking, savings, CDs, and commercial lending with a commitment to underserved communities.
Data compiled from public sources
New Haven Bank was established in 2010 and has positioned itself as a local banking alternative with national recognition. com. As Connecticut's only CDFI (Community Development Financial Institution) bank, New Haven Bank focuses on serving traditionally underserved populations and communities, distinguishing itself from larger regional and national banks.
The bank offers comprehensive personal and business banking services including checking and savings accounts, CDs, IRAs, online and mobile banking, telephone banking, personal and business credit cards, and commercial lending. For businesses, they provide SBA loans, cash management solutions, and a dedicated commercial lending team. 55% APY across different terms.
They also partner with community organizations on BankOn initiatives to provide affordable, low-cost banking options. What distinguishes New Haven Bank is its explicit community focus and CDFI designation. The bank emphasizes "local banking" with experience context rooted in the New Haven area, markets itself around 15 years of local experience, and has won "Best Bank/Credit Union" in the Greater New Haven Reader's Poll.
They actively reinvest profits back into the community and position themselves as advocates for economic development in underserved areas. The routing number is 011110756. As a smaller regional bank, New Haven Bank's primary limitation is geographic scope—they operate specifically in the New Haven/Connecticut area, making them inaccessible to customers outside this region.
While they offer competitive deposit rates and strong community credentials, their service footprint and product breadth are narrower than national banks. Customers seeking nationwide branch access, extensive investment products, or premium wealth management may need to look elsewhere.
This is state-level context for Banks consumers in New Haven, CT. It does not confirm that New Haven Bank or this specific location is licensed.
State regulator
Connecticut Department of Banking
Consumer protection
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
New Haven Bank offers 12 services including FDIC-insured checking accounts (personal and business), Savings accounts and money market accounts, Certificates of Deposit (CDs) with various terms, Individual Retirement Accounts (IRAs), Online and mobile banking platform, and 7 more.
New Haven Bank has profile signals associated with Small business owners and startups seeking SBA loans with local relationship-based lending, New Haven-area residents wanting community-focused banking with CDFI mission alignment, Underserved populations seeking affordable, accessible banking through BankOn partnership, Local entrepreneurs and growing businesses needing cash management and commercial lending experience context.
Key strengths: FDIC-insured deposits backed by U.S. government; Bauer Financial 5-Star rating for financial strength; Only CDFI bank in New Haven—explicitly serves underserved communities and promotes economic development; Competitive deposit rates: 2.70% APY on savings accounts and 3.45-3.55% APY on CDs. Areas to consider: Geographic limitation: only operates in Connecticut/New Haven area; not available to out-of-state customers; Limited branch and ATM network compared to major regional and national banks.
In the Banks category, comparable providers include Ascend Bank, Bankwell Bank, Chelsea Groton Bank. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
New Haven Bank is profile signals for Connecticut-based small business owners, local entrepreneurs, and New Haven-area residents seeking community-focused banking with genuine relationship-building and a demonstrated commitment to underserved communities. The primary caveat is strict geographic limitation—the bank operates exclusively in the New Haven area and is not accessible to customers outside Connecticut.
Ascend Bank (formerly Guilford Savings Bank) is a Connecticut-based community bank with over 150 years of history, offering personal and business banking services across 8 locations and digital channels.
Profile signals: Connecticut residents and businesses seeking community-focused banking with local branch access, Customers who prioritize relationship banking and personalized service over lowest-cost products
Bankwell is a Connecticut-based commercial bank with $3.2B in assets offering business, real estate, and personal banking services with community-focused service.
Profile signals: Business owners and entrepreneurs in Fairfield and New Haven counties seeking personalized commercial lending, Healthcare providers and insurance agencies needing listed financing and banking services
Connecticut-based bank offering personal and business checking, savings, lending, and digital banking services with a focus on community support and personalized service.
Profile signals: Connecticut residents seeking personalized relationship banking with community-focused values, Small business owners in Connecticut needing hands-on commercial lending and cash management services
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