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wbjournal.com | February 4, 2019 | Worcester Business Journal 15 B A N K I N G & F I N A N C E F O C U S Source: Federal Deposit Insurance Corp. Notes: Local deposits represent deposits at bank locations within Central Massachusetts. Local and total deposits are as of June 30, 2018. Assets, net income, net loans and leases, as well as employee data are for entire bank network as of Sept. 30, 2018. Number of employees represents full-time equivalents. For companies based outside Central Massachusetts, the address listed is a regional headquarters or local office. Branch locations are as of January 2019. (a) Effective Oct. 2017, Berkshire Hills Bancorp Inc. acquired Commerce Bancshares Corp., merging Commerce Bank and Trust Co. into Berkshire Bank. (b) Thirteen branches are Commerce Bank locations; one branch, in Westborough, is a Berkshire Bank location. (c) Replaced Michael P. Daly upon his resignation, November 2018 (d) Merged with Colonial Co-operative Bank on April 1, 2018 (e) An additional mortgage center in Fitchburg and a loan and wealth management center in Worcester (no monetary transactions are handled at these two locations) - Compiled by: Heide Martin, hmartin@nebusinessmedia.com C LLABORATION great care begins with Collaboration WBJ banner ad 9X1.5.indd 1 11/15/2018 4:29:30 PM Top banks Ranked by local deposits as of June 30, 2018 Bank Local deposits/ total deposits Local branches/ U.S. branches Assets/ net income (loss)/ net loans and leases No. of employees Top local executive Year founded 1 Bank of America 365 Main St., Worcester 01608 508-751-8060 • bankofamerica.com $5,362,484,000 $1.3 trillion 36 4,472 $1,797,881,000,000 $21,408,000,000 $905,976,000,000 137,204 Edwin Thomas Shea Jr. market president, Central Mass. 1904 2 Middlesex Savings Bank 6 Main St., Natick 01760 508-653-0300 • www.middlesexbank.com $2,936,467,000 $4.1 billion 23 31 $4,794,993,000 $33,432,000 $3,136,972,000 513 Michael G. McAuliffe president & CEO 1835 3 TD Bank 370 Main St., Worcester 01608 508-368-6529 • www.tdbank.com $2,779,280,000 $248 billion 26 1,258 $294,331,477,000 $1,966,737,000 $142,154,209,000 26,386 Mark Crandall regional president, southern New England 1852 4 Santander Bank 446 Main St., Worcester 01608 508-890-6810 • www.santanderbank.com $2,262,866,000 $57 billion 38 635 $74,201,904,000 $333,354,000 $49,373,384,000 9,659 Scott Powell CEO, Santander U.S. 1907 5 Citizens Bank 34 Main St., Natick 01760 508-653-5100 • www.citizensbank.com $2,128,899,000 $90 billion 29 798 $126,890,625,000 $1,022,685,000 $96,490,129,000 15,466 Bruce Van Saun chairman & CEO 2005 6 UniBank for Savings 49 Church St., Whitinsville 01588 508-234-8112 • www.unibank.com $1,639,257,000 $1.6 billion 14 14 $1,641,999,000 $9,467,000 $1,257,472,000 272 Sam Pepper president & CEO 1870 7 Berkshire Bank and Commerce Bank, a division of Berkshire Bank (a) 303 Turnpike Road, Westborough 01581 508-366-4750 • www.berkshirebank.com $1,566,331,000 $8.9 billion 14 (b) 117 $12,003,869,000 $93,928,000 $8,937,695,000 1,905 Sean Gray (c) president 1846 8 Avidia Bank 42 Main St., Hudson 01749 978-562-2222 • www.avidiabank.com $1,267,864,000 $1.3 billion 10 10 $1,585,832,000 $10,232,000 $1,215,305,000 225 Mark R. O'Connell president & CEO 1869 9 Cornerstone Bank 230 Park Ave., Worcester 01609 508-421-8070 • www.cornerstonebank.com $900,344,000 $900 million 13 13 $1,150,715,000 $3,678,000 $987,494,000 177 K. Michael Robbins chairman & CEO 1871 10 Main Street Bank 81 Granger Blvd., Marlborough 01752 508-481-8300 • www.bankmainstreet.com $842,387,000 $842 million 13 13 $1,028,957,000 $5,108,000 $777,890,000 186 Walter J. Dwyer IV CEO 1860 11 Fidelity Bank (d) 675 Main St., Fitchburg 01420 978-345-4331 • www.fidelitybankonline.com $768,831,000 $769 million 13 13 $918,160,000 $3,494,000 $751,790,000 169 Edward F. Manzi Jr. chairman & CEO 1888 12 MutualOne Bank 828 Concord St., Framingham 01701 508-820-4000 • www.mutualone.com $633,994,000 $634 million 3 3 $862,642,000 $9,310,000 $718,471,000 83 Mark Haranas president & CEO 1889 13 People's United Bank 120 Front St., Worcester 01608 508-890-5199 • www.peoples.com $601,147,000 $32.7 billion 6 394 $43,885,667,000 $348,669,000 $32,016,854,000 5,471 Patrick J. Sullivan president, Mass. 1988 14 Webster Five Cents Savings Bank 136 Thompson Road, Webster 01570 800-696-9401 • www.web5.com $594,336,000 $594 million 7 7 $819,742,000 $5,068,000 $650,966,000 147 Donald F. Doyle president & CEO 1868 15 Rollstone Bank & Trust 780 Main St., Fitchburg 01420 978-345-1061 • www.rollstonebank.com $445,031,000 $445 million 6 (e) 6 (e) $633,463,000 $4,890,000 $482,223,000 97 Martin F. Connors Jr. president & CEO 1846 Source: Federal Deposit Insurance Corp. Notes: Local deposits represent deposits at bank locations within Central Massachusetts. Local and total deposits are as of June 30, 2018. Assets, net income, net loans and leases, as well as employee data are for entire bank network as of Sept. 30, 2018. Number of employees represents full-time equivalents. For companies based outside Central Massachusetts, the address listed is a regional headquarters or local office. Branch locations are as of January 2019. (a) Effective Oct. 2017, Berkshire Hills Bancorp Inc. acquired Commerce Bancshares Corp., merging Commerce Bank and Trust Co. into Berkshire Bank. (b) Thirteen branches are Commerce Bank locations; one branch, in Westborough, is a Berkshire Bank location. (c) Replaced Michael P. Daly upon his resignation, November 2018 (d) Merged with Colonial Co-operative Bank on April 1, 2018 (e) An additional mortgage center in Fitchburg and a loan and wealth management center in Worcester (no monetary transactions are handled at these two locations) - Compiled by: Heide Martin, hmartin@nebusinessmedia.com Top banks Ranked by local deposits as of June 30, 2018