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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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SBA 7(a) Acquisition Loan Data As Of June 30, 2025
Last 12 Months
Last 3 Years
YoY Growth
low activity
As Of June 30, 2025
Median
$1.5M
Average
$1.1M
All rates shown as spread over Prime Rate
This Lender
Market Average
As Of June 30, 2025 - 10-year default rate indicates underwriting quality
10-Year Default Rate
0.0%
Bottom 10% of Lenders (Highest Default Rate)
Performance Ranking
100th
Lower is better among all lenders
As Of June 30, 2025 - States by loan volume (darker blue = higher volume)
