Issue link: https://nebusinessmedia.uberflip.com/i/1143049
14 Worcester Business Journal | Book of Lists 2019 | wbjournal.com 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 33 4,360 $1,775,353,000,000 $7,269,000,000 $925,530,000,000 136,825 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 22 31 $4,840,527,000 $10,288,000 $3,097,513,000 514 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 25 1,248 $301,449,780,000 $651,937,000 $149,091,044,000 26,154 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 37 624 $78,689,199,000 $76,350,000 $52,767,866,000 9,851 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 1,125 $161,403,353,000 $441,992,000 $117,459,944,000 17,971 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 $1,781,642,000 $3,047,000 $1,276,516,000 279 Christopher D. Foley (a) president 1870 7 Berkshire Bank 303 Turnpike Road, Westborough 01581 508-366-4750 • www.berkshirebank.com $1,566,331,000 $8.9 billion 14 135 $12,148,776,000 $24,018,000 $9,027,051,000 1,829 Sean Gray (b) president & COO 1846 8 Avidia Bank 42 Main St., Hudson 01749 978-562-2222 • www.avidiabank.com $1,267,864,000 $1.3 billion 10 10 $1,627,750,000 $3,734,000 $1,226,763,000 233 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 $1,154,416,000 $960,000 $1,000,794,000 172 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 $1,033,926,000 $2,268,000 $792,226,000 179 Walter J. Dwyer IV CEO 1860 11 Fidelity Bank (c) 675 Main St., Fitchburg 01420 978-345-4331 • www.fidelitybankonline.com $768,831,000 $769 million 13 13 $975,595,000 $1,450,000 $776,618,000 167 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 $948,188,000 $4,442,000 $754,069,000 89 Mark Haranas president & CEO 1889 13 People's United Bank (d) 120 Front St., Worcester 01608 508-890-5199 • www.peoples.com $601,147,000 $32.7 billion 6 411 $47,879,534,000 $119,458,000 $35,302,990,000 5,710 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 $866,046,000 $1,469,000 $676,200,000 151 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 7 (e) 7 (e) $689,735,000 $805,000 $485,927,000 98 Martin F. Connors Jr. president & CEO 1846 16 bankHometown (f) 31 Sutton Ave., Oxford 01540 508-987-1200 • www.hometowncoop.com $439,812,000 $659 million 8 13 $773,093,000 $1,836,000 $538,420,000 119 Matthew S. Sosik (g) president & CEO 1889 17 Clinton Savings Bank 200 Church St., Clinton 01510 978-365-3700 • www.clintonsavings.com $421,617,000 $422 million 6 (h) 6 (h) $576,169,000 $1,316,000 $441,267,000 98 Robert J. Paulhus Jr. president & CEO 1851 18 Savers Bank 270 Main St., Southbridge 01550 508-764-4329 • www.saversbank.com $393,970,000 $394 million 6 (i) 6 (i) $577,881,000 $762,000 $478,474,000 93 Joseph A. Coderre president & CEO 1910 19 Rockland Trust Co. (j) 58 Main St., Franklin 02038 508-520-3958 • www.rocklandtrust.com $375,956,000 (k) $7.1 billion (l) 7 101 $8,996,054,000 $36,261,000 $6,917,318,000 1,172 Christopher Oddleifson CEO 1907 20 Athol Savings Bank 388 Main St., Athol 01331 978-249-3200 • www.atholsb.com $336,614,000 $337 million 7 7 $448,612,000 $491,000 $299,923,000 93 Daniel Zona president & CEO 1867 F O C U S B A N K I N G & F I N A N C E Personal savings rate The personal savings rate in America is down almost a whole percentage point in the last four years. 0% 4% 8% April 2014 January 2015 January 2016 January 2017 January 2018 January 2019 7.4% 7.7% 7.7% 6.7% 7.0% 6.9% Source: Federal Reserve Bank of St. Louis