This institution is no longer active

Operations ceased on December 31, 2008. CRA examination history below reflects the period it was active.

THE TOWN BANK

WESTFIELD, NJ · Supervised by FDIC

Est. 1998FDIC #34,655RSSD: FDIC-34655

Part ofCOMMUNITY PARTNERS BCORP→ View all charters

Satisfactory Same

Current rating · Exam: May 2006

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Needs Attention

ROA -0.04%

Institution Profile

FDIC BankFind

Address

520 South Avenue, WESTFIELD, NJ

County

Union County

Established

October 5, 1998

Total Assets

$212M(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

May 1, 2006

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 20 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 Q3 2008Call Report / FDIC

Total Assets

$212M

Total Deposits

$165M

Net Loans

$153M

Net Income

$-56K

ROA

-0.04%

ROE

-0.17%

Risk-Based Capital

11.99%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

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

Mortgage Denial Rate4.17%Peer avg: 7.63%▲ Above avg

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Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2024	144	77.78%	4.17%
2023	157	80.25%	2.55%
2022	309	84.14%	3.56%
2021	134	82.84%	7.46%
2020	142	77.46%	6.34%
2019	243	81.48%	7.41%
2018	208	88.46%	0.48%

2024 national avg denial rate: 23.75% · Small bank avg: 7.63% · above-average shown in red

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 2 exams

1 previous rating locked — dating back to 2001

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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