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BankGloucester Rates & Review October 2026

Q: How many branches does BankGloucester operate?

BankGloucester currently maintains approximately 3 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is there a first-time homebuyer program?

Currently, BankGloucester does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, BankGloucester provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: October 14, 2026

BankGloucester's top rate as of October 14, 2026 is 4.13% APY on its 8-Months 8-Month Certificate of Deposit, according to rates verified by MonitorBankRates. Other BankGloucester CD rates include 15-Months 15-Month Certificate of Deposit at 4.00%. MonitorBankRates evaluates the financial stability of BankGloucester with a 3.7 Star Rating, an C- Overall Health Grade, and a Texas Ratio of 30.61%. Rates last updated and verified on 10/14/2026.

BankGloucester money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at BankGloucester? Share your experience about BankGloucester by leaving a review below, or read customer reviews before you decide to use BankGloucester.

Overall Health & Safety Grade

C-

Below Average Health Score: 72/100

MonitorBankRates Rating

3.7

Very Good Out of 5.0 Stars

Texas Ratio

30.61%

Fair Higher than avg

Health Trend

Worsening 12 quarters

Full history ›

BankGloucester

160 Main St
Gloucester, MA 01930

https://www.bankgloucester.com

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Financial health data as of Q2 2026 (FDIC call report for the quarter ended June 30, 2026). This is the most recent call report available. The FDIC publishes bank call reports about eight weeks after each quarter ends.

BankGloucester CD Rates

Product	Rate	APY	Term
8-Month Certificate of Deposit	-	4.13%	8 months
Details New CD Specials; Learn more and apply today Last Updated 10/14/2026 Rate History 1 change since Sep 14, 2026 · 3.50% → 4.13% ▲ 0.63 pts · high 4.13% / low 3.50% Oct 14, 20264.13%▲ from 3.50% Sep 14, 20263.50%first recorded Institution Ratings 3.7 Star Rating C- Health Grade ◈ Texas Ratio: 30.61%
15-Month Certificate of Deposit	-	4.00%	15 months
Details New CD Specials; Learn more and apply today Last Updated 10/14/2026 Rate History 1 change since Sep 14, 2026 · 3.85% → 4.00% ▲ 0.15 pts · high 4.00% / low 3.85% Oct 14, 20264.00%▲ from 3.85% Sep 14, 20263.85%first recorded Institution Ratings 3.7 Star Rating C- Health Grade ◈ Texas Ratio: 30.61%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Financial Health History

BankGloucester’s Texas Ratio rose from 19.12% in Q3 2023 to 30.61% in Q2 2026, so its financial health has weakened over the past 12 quarters. Over the same period its Star Rating moved from 4.7 to 3.7 and its Health Grade from B+ to C-. Lower Texas Ratios are healthier; the green zone below the amber 15% line is where a bank must stay to qualify for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade15% Verified Healthy limit (green zone below = healthy)

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
June 30, 2026	$387M	30.61%	3.7	C-
March 31, 2026	$384M	28.88%	3.8	C
December 31, 2025	$390M	26.71%	4.0	C
September 30, 2025	$398M	27.42%	4.0	C
June 30, 2025	$390M	24.43%	4.2	C+
March 31, 2025	$378M	21.55%	4.5	B
December 31, 2024	$383M	19.64%	4.6	B
September 30, 2024	$373M	23.26%	4.3	B-
June 30, 2024	$375M	27.18%	4.0	C
March 31, 2024	$367M	33.33%	3.5	D
December 31, 2023	$376M	14.87%	5.0	A-
September 30, 2023	$382M	19.12%	4.7	B+

Source: FDIC call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for BankGloucester is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather BankGloucester rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with BankGloucester's official website for the most current offers and terms.

Bank Profile & Overview

Bank Name BankGloucester

Website https://www.bankgloucester.com

Address 160 Main St, Gloucester, MA 01930 · Essex

FDIC Certificate # 26536

Regulator FDIC

Established January 1, 1887

FDIC Insurance Date February 10, 1986

Domestic Offices 3

Total Branches 3

FDIC Insured ✓ Yes, up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

3.7 / 5.0 ★

Overall Health & Safety Grade

C- (72/100)

Texas Ratio

30.61%

National Average Texas Ratio

5.85%

Return on Assets (ROA)

0.4236%

Return on Equity (ROE)

5.1100%

Non-Performing Loans Ratio (NPL)

2.58%

Total Assets

$386,866,000

Total Deposits

$304,178,000

Equity Capital

$32,555,000

Net Income

$820,000

Headquarters

Gloucester

Total Branches and Offices

Source: FDIC — Last Updated June 30, 2026

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Frequently Asked Questions About BankGloucester

How many branches does BankGloucester operate?

BankGloucester currently maintains approximately 3 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, BankGloucester does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, BankGloucester provides members with tools to manage their accounts and build a solid financial history.

Does BankGloucester offer online and mobile banking?

Most modern institutions like BankGloucester provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.bankgloucester.com.