Ion Bank is a community-based mutual bank founded in 1870 and headquartered in Naugatuck, Connecticut. It offers personal and business banking solutions across Connecticut and New Jersey with 22 branches. The bank provides diverse financial services including checking, savings, lending, and business banking products.
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7(a) Acquisition Loan Data As Of June 30, 2026
Last 12 Months
Last 3 Years
YoY Growth
no activity
As Of June 30, 2026
Median
$1.4M
Average
$1.1M
Sweet Spot
$1M-$2M
Industries with highest loan volume
Beer, Wine, and Liquor Retailers
1
loans
$315K
avg. amount
Beer, Wine, and Liquor Retailers
1
loans
$315K
avg
Automotive Body, Paint, and Interior Repair and Maintenance
1
loans
$1.4M
avg. amount
Automotive Body, Paint, and Interior Repair and Maintenance
1
loans
$1.4M
avg
Private Mail Centers
1
loans
$1.5M
avg. amount
Private Mail Centers
1
loans
$1.5M
avg
10-Year
0.0%
Percentile Ranking
0th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.75% |
| $1M-$2M | Prime + 1.25% |
As Of June 30, 2026 - States by loan volume (darker blue = higher volume)
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