ION FINANCIAL MHC INC is the parent banking group. ION BANK is the primary bank charter regulated by the FDIC. CRA exams are conducted at the charter level, not the group level.

Bank Holding Company

ION FINANCIAL MHC INC

Legal name: ION FINANCIAL, MHC, INC.

1 active bank · $2.8B combined assets

RSSD ID: 3912766 (FFIEC NIC)

Combined Assets

$2.8B

CRA Rating Summary

Satisfactory1charter

Across all 13 exams on record for this banking group's charters, 100% resulted in Outstanding or Satisfactory.

Primary bankION BANKNAUGATUCK, CTSatisfactory$2.8BView profile →

At a Glance

Dominant CRA Rating

Satisfactory

1 of 1 bank · Meets expectations for community lending

Combined Assets

$2.8B

1 active bank

Financial Summary

FDIC Call Reports

Aggregated from the most recent call report filings for all active charters.

Total Deposits

$2.3B

Net Income

$6M

ROA (avg)

0.85%

asset-weighted avg

Mortgage Lending (HMDA)

CFPB · 2024Lender rankings →

Aggregated HMDA data across all active charters for 2024.

Applications

390

Origination Rate

69.23%

Denial Rate

20.26%

Active Bank Charters1

Each charter is examined independently for CRA compliance.

Charter	Location	Regulator	Assets	Ownership	Current Rating	Exam Date
ION BANK	NAUGATUCK, CT	FDIC	$2.8B	100.0%	Satisfactory	Aug 2024

CRA (Community Reinvestment Act) exams are conducted per charter, not per banking group. Asset figures are from the most recent FDIC call report.