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32 | HARTFORD BUSINESS JOURNAL • DECEMBER 24, 2018 BANKING & FINANCE LARGEST OUT-OF-STATE BANKS IN CONNECTICUT (Ranked by Conn. deposits as of June 30, 2018) Largest out-of-state banks in Connecticut (Ranked by Conn. deposits as of June 30, 2018) Rank Bank Conn. deposits 2018/2017/2016 (000) Market share 2018/2017/2016 Conn. offices/ Total offices Parent company/ Headquarters 1 Bank of America 185 Asylum St. Hartford, CT 06103 800-432-1000; www.bankofamerica.com $32,142,435 $30,375,653 $29,974,616 23.70% 22.79% 23.68% 119 4,685 Bank of America Corp. North Carolina 2 Wells Fargo Bank 205 Church St. New Haven, CT 06510 203-773-9037; www.wellsfargo.com $8,349,780 $8,756,665 $8,982,455 6.16% 6.57% 7.10% 70 5,855 Wells Fargo & Co. California 3 TD Bank 2461 Main St. Glastonbury, CT 06033 860-652-6507; www.tdbank.com $6,677,841 $6,936,523 $6,827,746 4.92% 5.20% 5.39% 66 1,263 Toronto Dominion (TD) Bank Toronto, Canada 4 JP Morgan Chase Bank 122 Main St. New Canaan, CT 06840 203-972-1606; www.chase.com $5,767,338 $5,894,986 $5,533,022 4.25% 4.42% 4.37% 47 5,365 JP Morgan Chase & Co. New York 5 Citibank 399 Post Road West Westport, CT 06880 203-635-6763; www.citibank.com $5,605,000 $6,299,000 $4,154,000 4.13% 4.73% 3.28% 14 1,003 Citigroup Inc. New York 6 KeyBank (1) 195 Church St. New Haven, CT 06510 203-789-2781; www.key.com $4,307,262 $4,219,978 $4,144,827 3.18% 3.17% 3.27% 63 1,200 Key Corp. Ohio 7 Citizens Bank 63 Eugene O'Neill Drive New London, CT 06320 860-444-6300; www.citizensbank.com $2,889,091 $2,868,688 $2,722,656 2.13% 2.15% 2.15% 40 805 Citizens Financial Group Inc. Rhode Island 8 Santander Bank 1010 Farmington Ave. West Hartford, CT 06107 860-570-3121; www.santanderbank.com $1,599,202 $1,824,330 $1,910,302 1.18% 1.37% 1.51% 25 632 Banco Santander SA Madrid, Spain 9 First Republic Bank 93 Mason St. Greenwich, CT 06830 203-422-0818; www.firstrepublic.com $515,580 $417,201 $381,094 0.38% 0.31% 0.30% 1 77 First Republic Bank California 10 Manufacturers & Traders Trust Co. (M&T Bank) 247 Federal Road Brookfield, CT 06804 203-744-1200; www.mtb.com $433,911 $543,272 $832,397 0.32% 0.41% 0.66% 9 837 M&T Bank Corp. New York 11 Signature Bank 75 Holly Hill Lane Greenwich, CT 06830 866-744-5463; www.signatureny.com $357,966 $387,893 $41,863 0.26% 0.29% 0.03% 1 33 Signature Bank New York 12 HSBC Bank USA 24 Elm St. Westport, CT 06880 800-975-4722; www.us.hsbc.com $337,469 $299,346 $302,527 0.25% 0.22% 0.24% 3 249 HSBC Holdings PLC London, United Kingdom 13 Berkshire Bank 927 Farmington Ave. West Hartford, CT 06107 860-231-8148; www.berkshirebank.com $294,026 $287,803 $295,947 0.22% 0.22% 0.23% 9 118 Berkshire Hills Bancorp Inc. Massachusetts 14 BNY Mellon 10 Mason St. Greenwich, CT 06830 203-487-5758; www.bnymellon.com $293,043 $309,423 $343,484 0.22% 0.23% 0.27% 1 42 The Bank of New York Mellon Corp. New York 15 bankHometown (2) 182 Main St. Putnam, CT 06260 860-753-4500; www.hometowncoop.com $219,648 $208,022 $244,701 (3) 0.16% 0.16% 0.19% (3) 5 13 Hometown Financial Group MHC Massachusetts 16 Northern Trust Co. 165 Mason St. Greenwich, CT 06830 203-863-1400; www.northerntrust.com $216,009 $192,769 $189,620 0.16% 0.14% 0.15% 1 67 Northern Trust Corp. Illinois 17 Capitol One 45 S. Main St. Branford, CT 06405 203-481-3471; www.capitalone.com $153,772 $146,171 $160,405 0.11% 0.11% 0.13% 1 606 Capitol One Financial Corp. Virginia 18 Westfield Bank 47 Palomba Drive Enfield, CT 06082 860-265-3919; www.westfieldbank.com $69,481 $58,625 $56,984 0.05% 0.04% 0.05% 2 13 Westfield Bank Massachusetts 19 Washington Trust Co. of Westerly 14 Clara Drive Mystic, CT 06355 860-572-2058; www.washtrust.com $64,174 $59,496 $55,127 0.05% 0.04% 0.04% 1 23 Washington Trust Bancorp Inc. Rhode Island Source: Federal Deposit Insurance Corp. website: www.fdic.gov. Notes: Listed address denotes branch with the highest deposits in Conn. per June 30, 2018 report. Limited-service offices which contributed zero deposits per June 30, 2018 report were not included in the number of Conn. offices. (1) First Niagara Bank NA merged with Cleveland-based KeyCorp. in Oct. 2016. (2) The holding company of Easthampton Savings Bank/CNB and Hometown Financial Group MHC merged in April 2016; five Conn. Easthampton Savings Bank branches were acquired by Hometown Bank in Nov. 2016, now branded bankHometown. (3) Figure represents Easthampton Savings Bank. —Compiled by Heide Martin. Bank of America raised the stakes in the digital-banking race, introducing a smart-technology virtual assistant that assists customers with banking and personal-finance information and services. Known as "Erica,'' the free mobile app relies on artificial intelligence. HOW THE TOP 5 FARED: Total deposits, Out-of-state banks (in 000s) % 2017 2018 change Bank of America $30,375,653 $32,142,435 5.82% Wells Fargo $8,756,665 $8,349,780 -4.65% TD Bank $6,936,523 $6,677,841 -3.73% JP Morgan Chase Bank $5,894,986 $5,767,338 -2.17% Citibank $6,299,000 $5,605,000 -11.02% Out-of-state banks with the most CT offices No. of offices Bank of America 119 Wells Fargo Bank 70 TD Bank 66 KeyBank 63 JP Morgan Chase Bank 47