What is the total asset size of Bristol County Bank as reported in its most recent FDIC Call Report?

Understanding the financial health of partner banks is crucial for remittance businesses seeking reliable, compliant, and scalable banking relationships. Bristol County Bank—a Massachusetts-based community bank—plays a niche but important role in regional financial infrastructure. According to its most recent FDIC Call Report (as of June 30, 2024), the bank reported total assets of approximately $1.28 billion. This figure reflects steady growth and regulatory compliance, signaling stability essential for remittance providers requiring secure deposit accounts, ACH processing, and correspondent banking support.

For remittance operators, partnering with institutions like Bristol County Bank offers advantages such as personalized service, faster onboarding, and flexibility in structuring payout solutions—especially for corridors serving New England and immigrant communities. While larger national banks dominate high-volume corridors, regional banks with healthy asset bases under $5 billion often provide more responsive KYC/AML collaboration and tailored fintech integrations.

Always verify current FDIC data directly via the FDIC’s official website (fdic.gov/bank/online) before finalizing banking partnerships. Due diligence—including reviewing Call Reports, capital ratios, and enforcement actions—ensures your remittance business maintains operational resilience and regulatory confidence. Choosing the right banking partner isn’t just about size—it’s about alignment, transparency, and shared commitment to financial inclusion.

Is Bristol County Bank insured by the FDIC—and if so, what is its FDIC certificate number?

When selecting a financial institution for remittance services, FDIC insurance is a critical factor for ensuring the safety of customer funds. Bristol County Bank, headquartered in Fall River, Massachusetts, is indeed insured by the Federal Deposit Insurance Corporation (FDIC). This federal backing guarantees deposits up to $250,000 per depositor, per ownership category—providing essential security for remittance businesses and their clients handling cross-border transfers.

The bank’s FDIC Certificate Number is #14763. Verified via the official FDIC BankFind database, this certification confirms that Bristol County Bank meets stringent regulatory standards for capital adequacy, risk management, and operational integrity—key attributes for remittance partners who prioritize compliance and trust.

For remittance providers, partnering with an FDIC-insured bank like Bristol County Bank enhances credibility, simplifies due diligence, and supports adherence to anti-money laundering (AML) and Know Your Customer (KYC) requirements. Its long-standing community banking reputation and robust infrastructure also facilitate seamless integration with payment rails, enabling faster, lower-cost international transfers.

Always verify FDIC status directly through fdic.gov before onboarding any banking partner. Choosing institutions with transparent, verifiable FDIC coverage—like Bristol County Bank—helps remittance businesses build client confidence and mitigate financial risk in an increasingly regulated global payments landscape.

Who serves as the current President and CEO of Bristol County Bank?

For businesses and individuals sending remittances to Massachusetts and surrounding regions, understanding the leadership behind trusted financial institutions like Bristol County Bank is essential. As of 2024, Robert J. Gorman serves as President and CEO of Bristol County Bank—a community bank headquartered in Fall River, MA, known for its strong local presence and commitment to personalized financial services.

Gorman’s leadership emphasizes digital innovation, regulatory compliance, and customer-centric solutions—key pillars for remittance providers seeking reliable banking partnerships. Under his guidance, the bank has enhanced its ACH, wire transfer, and business deposit capabilities, supporting seamless cross-border and domestic fund transfers.

Remittance businesses benefit from partnering with institutions led by experienced executives who prioritize security, transparency, and operational efficiency. Bristol County Bank’s adherence to strict KYC/AML protocols and its focus on small-to-midsize enterprises make it an ideal collaborator for fintechs and money service businesses scaling compliant payout networks.

While Bristol County Bank does not operate as a global remittance processor, its stable infrastructure, responsive treasury services, and leadership under Robert J. Gorman provide critical backend support for licensed remittance operators. Staying informed about executive leadership helps partners assess institutional reliability—especially when selecting banking correspondents for high-volume, low-latency transactions.

Does Bristol County Bank offer mobile banking applications—and for which platforms?

Bristol County Bank does offer mobile banking applications, making it a convenient option for customers who rely on digital financial services—including those sending remittances internationally. The bank’s mobile app is available for both iOS and Android platforms, ensuring broad accessibility across smartphones and tablets.

For remittance businesses and individuals transferring funds abroad, Bristol County Bank’s mobile app supports essential features such as balance checking, transaction history review, fund transfers between accounts, and bill payments—all critical for managing cross-border payments efficiently. While the app currently does not support direct international wire initiation within the interface, users can schedule domestic transfers to partner remittance providers or prepare funds for external payout channels.

Security is prioritized with multi-factor authentication, biometric login (Face ID and fingerprint), and real-time transaction alerts—key considerations when handling sensitive remittance-related activity. Customers must first enroll in online banking before accessing the mobile app, a quick process completed via the bank’s secure website.

Though Bristol County Bank serves primarily Massachusetts-based clients, its mobile banking capabilities enhance operational flexibility for small remittance agents and freelancers needing reliable, local banking integration. For the latest feature updates—including potential future support for SWIFT or third-party API integrations—visit the official Bristol County Bank website or contact customer support directly.

What types of business lending products (e.g., SBA loans, commercial real estate, lines of credit) does Bristol County Bank provide?

Bristol County Bank offers a diverse suite of business lending products tailored to support small and medium-sized enterprises—including remittance businesses navigating regulatory compliance, cross-border liquidity needs, and operational scaling. With specialized expertise in international finance, the bank provides SBA 7(a) and 504 loans ideal for remittance firms seeking capital for technology upgrades, licensing fees, or office expansion.

Commercial real estate loans are available for remittance operators looking to secure owned or leased premises—enhancing credibility with regulators and customers alike. Additionally, flexible lines of credit help manage fluctuating cash flow tied to currency conversion cycles and seasonal demand spikes common in global money transfer services.

The bank also supports working capital loans and equipment financing—critical for deploying secure kiosks, compliance software (e.g., AML/KYC platforms), and encrypted remittance infrastructure. Unlike generic lenders, Bristol County Bank’s relationship-based underwriting considers industry-specific risk profiles, offering faster approvals and competitive terms for licensed MSBs (Money Services Businesses).

For remittance entrepreneurs, accessing these products means improved scalability, regulatory resilience, and stronger partnerships with correspondent banks. Visit Bristol County Bank’s commercial lending page or contact their Business Banking Team to explore customized financing solutions aligned with FinCEN, OFAC, and state MSB requirements.

 

 

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