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DECEMBER 24, 2018 • HARTFORD BUSINESS JOURNAL | 33 BANKING & FINANCE Top small business lenders in Connecticut (Ranked by 2017 market share of dollars loaned to small businesses) Rank Lender Total amount loaned (000) Total no. of loans 2017 market share (1) Amount loaned $100,000 or less (000) No. of loans $100,000 or less Amount loaned to businesses with sales of $1M or less (000) No. of loans to businesses with sales of $1M or less 1 Webster Bank 137 Bank St. Waterbury, CT 06702 203-578-2200; public.websteronline.com $330,683 2,103 12.91% $77,313 1,404 $91,653 1,164 2 Bank of America 100 North Tryon St. Charlotte, NC 28255 800-432-1000; www.bankofamerica.com $291,211 7,570 11.37% $126,351 7,065 $59,112 3,631 3 American Express FSB P.O. Box 30384 Salt Lake City, UT 84130 800-446-6307; www.americanexpress.com $248,890 20,909 9.71% $191,871 20,630 $114,019 12,096 4 Wells Fargo Bank 101 N. Phillips Ave. Sioux Falls, SD 57104 800-869-3557; www.wellsfargo.com $170,300 3,251 6.65% $125,163 3,091 $81,796 1,996 5 People's United Bank (2) 850 Main St. Bridgeport, CT 06604 203-338-7001; www.peoples.com $132,758 809 5.18% $12,834 540 $23,406 356 6 KeyBank NA 127 Public Square Cleveland, OH 44114 800-539-2968; www.key.com $74,225 1,149 2.90% $33,084 1,031 $29,561 782 7 Chase Bank USA 201 N. Walnut St. Wilmington, DE 19801 800-935-9935; www.chase.com $71,151 6,976 2.78% $70,976 6,975 $42,396 3,119 8 Lake Forest Bank & Trust 727 N. Bank Lane Lake Forest, IL 60045 847-234-2882; www.lakeforestbank.com $69,299 4,548 2.70% $40,778 4,432 $775 3 9 Citizens Bank 1 Citizens Plaza Providence, RI 02903 800-922-9999; www.citizensbank.com $65,235 1,056 2.55% $30,899 968 $34,216 905 10 Farmington Bank (3) 850 Main St. Bridgeport, CT 06604 203-338-7001; www.peoples.com $60,929 282 2.38% $6,933 135 $19,966 134 Source: This report was obtained from, and reprinted with permission of, GeoDataVision LLC, a financial markets intelligence company located at 61 North Plains Industrial Road in Wallingford. Special thanks to Len Suzio, 203-530-1544. The data are extracted from the 2017 Aggregate & Disclosure Flat files released by the FFIEC in Oct. 2018. GeoDataVision LLC makes no representations regarding the accuracy of the FFIEC data. Note: According to the SBA's most widely used size standard, a small business does not exceed 500 employees for most manufacturing and mining industries and $7.5 million in average annual receipts for many nonmanufacturing industries. However, many exceptions exist. (1) Market share is based on the total of $2,561,980,000 loaned to Connecticut's small businesses in 2017. (2) People's United Bank acquired First Connecticut Bancorp, holding company of Farmington Bank, in Sept. 2018. Farmington Bank had $3.2 billion in deposits at the time the deal closed. (3) People's United Bank acquired First Connecticut Bancorp, holding company of Farmington Bank, in Sept. 2018. Contact information is for People's United Bank. Data represent 2017 figures for Farmington Bank. —Compiled by Heide Martin. TOP SMALL BUSINESS LENDERS IN CONNECTICUT (Ranked by 2017 market share of dollars loaned to businesses) We are proud to support Connecticut's businesses Our Commercial lenders have the tools and know how to provide everything your business needs. We have a strong commitment to helping local businesses succeed in Connecticut. With local decision-making and a wide range of commercial services and products, our lending team can provide the best options, so you can spend less time worrying about finances, and more time running your business. All Your Financial Solutions: • Commercial Banking • Asset Based Lending • Cash Management • Insurance • Mortgage Lending • Private Banking • Retail Banking • Small Business • Wealth Management Banking products are provided by Berkshire Bank: Member FDIC. Equal Housing Lender. Berkshire Bank is a Massachusetts chartered bank. Insurance products are provided by Berkshire Insurance Group, Inc., a Berkshire Bank affiliate, and in New York by Berkshire Insurance Agency, a registered trade name for Berkshire Insurance Group, Inc., a Berkshire Bank affiliate: Insurance and investment products are NOT FDIC-INSURED, are NOT A BANK DEPOSIT, "NOT guaranteed BY THE BANK," "NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY" and MAY LOSE VALUE. Rev. 11/18 berkshirebank.com 800.773.5601 To learn more, please contact: Peter Samson CT Region Leader & SVP Commercial Banking 860.266.4068 | psamson@berkshirebank.com BIG BANK RESOURCES small bank attention Audit / Tax / Advisory / Risk / Performance Visit www.crowe.com/disclosure for more information about Crowe LLP, its subsidiaries, and Crowe Global. © 2018 Crowe LLP. LO-19023-005A Smart decisions. Lasting value. ™ crowe.com