canandaigua national bank

You should look for Canandaigua National bank when you need a local but best community bank. It not only offers the necessary financial services to the citizens but also promises a full community-based product.

The team of this bank has a belief that drives them to invest in you. To offer you the best financial support, CNB is offering a wide range of services. It gives you full priority to fulfill your personal and business needs.

From savings to checking, everywhere a customer will get satisfaction but this is not the end of the story of this community bank. We’ve more details to share with you about it.

Picture: Canandaigua National Bank & Trust
Picture: Canandaigua National Bank & Trust

What Is Canandaigua National Bank?

In the banking history of the United States of America, there are more than a thousand banks still in financial activities. Few of them got the most attention because of the offered services and the quality management.

Canandaigua National Bank and Trust Company are one of these. In 1887, this bank announced its presence in the community banking sector. It’s headquartered in Canandaigua. In New York City, it is the 26th largest bank. Comparing the nation, it’s the 305th largest bank.

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Now they are operating their financial activity in 25 different locations with an ‘A’ health rating. They have every type of product a person or business needs to fulfill their financial purposes. With some additional bank services, this bank is still going to high

Picture: Homepage of CNB
Picture: Homepage of CNB

Key Information About Canandaigua National Bank:

A bank may be doing great in the community banking industry, but how far can it go with today’s capabilities?

Before choosing a bank like this one, potential consumers need to know some key information. The question is, how much do you know about CNB? Check your required information from the table below.

ParticularsRemarks
Websitehttp://www.cnbank.com
IndustriesFinancial Services, Banking
Company size501 – 1000 employees
HeadquartersCanandaigua, NY
TypePrivately Held
Founded1887
SpecialistPersonal Banking, Business Banking, Insurance, Mortgage, Financial Planning, Municipal Banking, Investment Planning, and Wealth Management
Location72 South Main Street, Canandaigua, NY 14424, US
Operation StatusActive
Company TypeFor-Profit
FIDC InsuredYes
FDIC Certificate6985
Assets$4.06 billion
Loans$3.13 billion
Deposits$3.45 billion
Capital$342.67 million
Primary RegulatorOCC
Return on Assets – YTD1.1%
Return on Equity – YTD12.74%
Annual Interest Income$138.9MM

What About The Health Grade Component?

Based on the health grade ratio, a client easily can decide to choose a community bank. This bank is a rich heritage for the people of New York.

It’s not only local but also doing its best from the beginning. Let’s check out its asset and liability position.

ParticularsQ4 2021Q4 2020
Assets$4.15B$3.63B
Loans$3.16B$2.97B
Deposits$3.54B$2.98B
Equity Capital$342.7MM$3.29.4MM
Loan Loss Allowance$34.3MM$30.7MM
Unbacked Noncurrent Loans$24.1MM$26.8Mm
Real Estate Owned$92.00K$0

What Types of Financial Product and Services Does Canandaigua National Bank Offer?

A community bank always tries to offer a wide range of financial services and products. Not every bank can manage such types of products.

Read More: How To Read A Check

Honestly, this bank is doing well in this category. Yes, they rearrange their product line for the consumers based on the financial needs and current demand of the situation. Here are all the product lists given below.

Checking:

  • Compare Checking Accounts
  • Optimum Checking
  • E-ssentials Checking
  • Traditional Checking
  • Debit Card/ Reward Program
  • Debit Card Design Center
  • Personal Resources Center

Savings:

  • Compare Savings Accounts
  • Regular Savings
  • Companion savings
  • Looney Tunes
  • Compare Installment Savings Accounts
  • CN Saver
  • Holiday Club Savings
  • Savings Bonds
  • Compare Money Market Accounts
  • Health Savings Accounts
  • Certificate of Deposit
  • Personal Resource Center

Loan:

  • Home Equity Solutions
  • ChexMate Overdraft Protection
  • Auto and Recreation
  • Personal/ Debt Consolidation
  • Home Improvement
  • Personal Credit Cards
  • Loan Calculators
  • Personal Resource Center

Mortgage:

  • Portfolio Mortgage
  • Fixed-Rate Mortgages
  • Construction Mortgages
  • Special Loans Programs
  • Home Equity Solutions
  • Homebuyer Dream Program
  • Mortgage Calculators

Wealth Management:

  • Investments
  • Financial Planning
  • Trust Services
  • Estate Services
  • Retirement
  • Institutional
  • Private Banking
  • Family Wealth
  • TrustReporter Login
  • CNB Wealth Management Resource Center

Planning/Insurance:

  • Canandaigua Investment Services
  • Life Insurance Quotes
  • Auto, Home & More – Insurance Quotes
  • Long Term Care Insurance
  • Medicare & NYS Exchange Marketplace
  • Personal Resource Center

Online Solution:

  • Online Banking
  • CNB Mobile APP
  • CNB Mobile Deposit
  • NCBillPay
  • Mobile Wallets
  • Text Banking
  • CNBanker Voice
  • CardValet
  • Check Reorder
  • Personal Resource Center
Picture: Makes your dream come true with CNB
Picture: Makes your dream come true with CNB

The Canandaigua National Bank and Trust Company CD Rates:

This bank offers a different rate for its products. Even for the checking account, they have different APY as well. We’ve mentioned some of them in the below table.

APYMinMaxAccount Name
1.10%$500–    33 Month special CD with optimum Checking account
0.95%$50033 Month special CD with Other/No Checking Account
0.60%$50022 Month Special CD with Optimum Checking Account
0.50%$50022 Month Special CD With Other/No Checking Account
0.48%$50010 Month CD Special With Optimum Checking Account
0.38%$50010 Month CD Special With Other/No Checking Account

Before you choose the product, check all the rates of their popular financial products like Savings, CD, Mortgage, and HELOC. The below chart will make your concept clear if you want to compare all of their popular products based on APY. Here are some of them.

Notable RatesAPYVs. Others
SavingsN/A0.85%
1 Year CDN/A1.05%
2 Year CDN/A1.41%
5 Year CDN/A1.80%
30 Year MortgageN/A2.81%
15 Year MortgageN/A2.36%
HELOCN/A2.79%

Hours of Operation:

Here are Canandaigua National Bank’s Hours of Operation are given below.

  • Monday – Thursday (9:00 a.m. – 5:00 p.m.)         
  • Friday (9:00 p.m. – 6:00 p.m.)
  • Saturday (9:00 a.m. – 1:00 p.m.)
Picture: Download CNB mobile APP
Picture: Download CNB mobile APP

Conclusion:

As a community-owned financial institution, Canandaigua National Bank will make history with its dedication to its customers. They know how to make their customers happy by making every service liberal and hassle-free.

From online banking to mobile, everywhere you can control your money. This bank believes in integrity and innovation. That’s why they are still trying to discover the best shot that can boost people’s funds. Their great responsibility to their customers makes them more successful than other community banks.

As a customer, people want a commitment to the service and this bank is doing it so well. Yes, you can find the highest professionalism from this bank without bothering yourself.

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