This institution is no longer active

Operations ceased on June 23, 2000. CRA examination history below reflects the period it was active.

MECHANICS SAVINGS BANK

HARTFORD, CT · Supervised by FDIC

Est. 1861FDIC #17,941RSSD: FDIC-17941

Part ofMECH FINANCIAL INC→ View all charters

Satisfactory Down

Current rating · Exam: September 1999

CompareWatch

At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Strong

ROA 1.16%

Is this bank safe?

MECHANICS SAVINGS BANK holds a Satisfactory CRA rating (1999), is financially strong (ROA +1.16%). Overall, this bank appears financially sound.

Institution Profile

FDIC BankFind

Address

100 Pearl Street, HARTFORD, CT

County

Hartford County

Established

July 1, 1861

Total Assets

$1.1B(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

September 1, 1999

Exam Type

Large Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 26 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q1 2000Call Report / FDIC

Total Assets

$1.1B

Total Deposits

$646M

Net Loans

$737M

Net Income

$3M

ROA

1.16%

Above avg for Community banks. Peer avg: 0.90%

ROE

13.71%

Risk-Based Capital

15.15%

Above avg for Community banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Community banks

Compared to the peer-bank Community peer group (same asset tier).

ROA1.16%Peer avg: 0.90%▲ Above avg

Risk-Based Capital15.15%Peer avg: 12.91%▲ Above avg

Mortgage Denial Rate19.12%Peer avg: 10.20%▲ More than avg

Unlock peer list → See which specific banks are in this peer group.

Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2019	251	64.14%	19.12%
2018	214	66.82%	14.02%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Community bank avg: 10.20% · above-average shown in red

Rating History

CRA / FFIEC

Exam Date	Rating	Exam Type
Sep 1999	Satisfactory	Large Bank
Dec 1996	Outstanding	Small Bank
Apr 1995	Outstanding	Not Reported

1 previous rating locked — back to 1993

Unlock full CRA history, HMDA, financials, complaints CSVs, and PDF links for this bank.

orGet Business plan for unlimited access

One-time payment · No subscription required

Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

Embed this rating

Copy this snippet to embed a live rating badge on your website:

<iframe
  src="https://bankscorer.com/widget/bank/mechanics-savings-bank"
  width="320"
  height="80"
  frameborder="0"
  scrolling="no"
  style="border:none"
></iframe>

Updates automatically when the rating changes.

Preview: