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16 Worcester Business Journal | Book of Lists 2019 | wbjournal.com UniBank's team of business experts provide customized solutions that help you meet the modern-day demands of running a business. Our comprehensive suite of products and services, including our UniPay Online Payment solution, were designed to provide businesses the competitive edge needed to strategically navigate fi nancial challenges. You be you. You you. bank Member FDIC/Member DIF Contact one of our experts or visit unibank.com to fi nd out more. Sean O'Connell VP, Director of Business & Consumer Banking 508.849.4346 Robert E. Paulsen, Jr. SVP, Senior Lending Offi cer 508.849.4335 Kristy L. Genga AVP, UniPay Business Sales Offi cer 508.849.4245 John S. Kelley VP, Senior Commercial Real Estate Lender 508.849.4325 F O C U S B A N K I N G & F I N A N C E 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 21 Bay State Savings Bank 28 Franklin St., Worcester 01608 508-890-9000 • www.baystatesavings.com $315,675,000 $316 million 7 (m) 7 (m) $418,724,000 $644,000 $367,965,000 67 Peter B. Alden president & CEO 1895 22 United Bank 1 Mercantile St., Worcester 01608 508-793-8333 • www.bankatunited.com $293,221,000 $5.4 billion 5 59 $7,331,499,000 $14,766,000 $5,713,855,000 761 William H.W. Crawford IV CEO 1882 23 Milford Federal Savings and Loan 246 Main St., Milford 01757 508-634-2500 • www.milfordfederal.com $286,883,000 $322 million 3 4 $391,354,000 $268,000 $346,735,000 77 Paul Gilbody (n) president & CEO 1937 24 Enterprise Bank & Trust Co. 65 Main St., Leominster 01453 978-656-5689 • www.enterprisebanking.com $266,243,000 $2.7 billion 3 24 $3,073,763,000 $8,999,000 $2,351,240,000 505 John Clancy Jr. CEO 1989 25 Country Bank 278 Park Ave., Worcester 01609 800-322-8233 • www.countrybank.com $263,805,000 $1.1 billion 6 (o) 15 $1,666,333,000 $2,651,000 $1,244,927,000 229 Paul F. Scully president & CEO 1850 26 Dean Bank 21 Main St., Franklin 02038 508-528-0088 • www.deanbank.com $260,027,000 $260 million 4 4 $325,377,000 $484,000 $242,631,000 69 Kevin R. Goffe president & CEO 1889 27 Millbury Savings Bank (f) 109 Elm St., Millbury 01527 508-865-5811 • www.millburysavings.com $190,999,000 $191 million 2 2 $224,871,000 $271,000 $171,302,000 34 Robert Morton president & CEO 1854 28 Charles River Bank 70 Main St., Medway 02053 508-533-8661 • www.charlesriverbank.com $185,979,000 $186 million 4 (p) 4 (p) $244,940,000 $146,000 $174,776,000 44 John S. Hamilton president & CEO 1915 29 North Brookfield Savings Bank 9 Gilbert St., North Brookfield 01535 508-867-7443 • www.northbrookfieldsavingsbank.com $167,858,000 $242 million 3 7 $316,892,000 $222,000 $224,851,000 67 Donna L. Boulanger president & CEO 1854 30 The Village Bank 62 Boston Post Road, Wayland 01778 617-969-4300 • www.village-bank.com $129,189,000 $948 million 1 8 $1,222,608,000 $2,260,000 $1,017,874,000 123 Joseph A. De Vito president & CEO 1910 31 Northern Bank & Trust 265 Great Road, Littleton 01460 978-486-3543 • www.nbtc.com $114,293,000 $1.8 billion 3 13 (q) $2,259,610,000 $7,134,000 $1,935,623,000 203 James J. Mawn Jr. president & CEO 1960 32 Needham Bank 41 Front St., Ashland 01721 508-881-1088 • www.needhambank.com $90,015,000 $1.5 billion 3 10 (q) $2,224,521,000 $3,671,000 $1,911,790,000 199 Joseph Campanelli president & CEO 1892 33 Millbury National Bank 18 Main St., Millbury 01527 508-865-9521 • www.mnbonline.com $78,492,000 $78 million 1 1 $93,563,000 $80,000 $65,160,000 18 Kathleen Marcum president 1825 34 Salem Five 19 Concord Road, Sudbury 01776 978-579-0592 • www.salemfive.com $67,089,000 $3.6 billion 1 36 (q) $5,024,079,000 $16,896,000 $3,793,896,000 575 Ping Yin Chai president & CEO 1855 35 Eastern Bank 2 South Ave., Natick 01760 508-655-4101 • easternbank.com $53,171,000 $9.4 billion 1 93 $11,331,605,000 $33,018,000 $8,838,937,000 1,789 Quincy Miller president 1818 36 Family Federal Savings and Loan (r) 130 Whalon St., Fitchburg 01420 978-353-0000 • www.familyfederal.com $41,923,000 $85.6 million 2 3 $97,894,000 $1,000 $67,451,000 17 David Brassard president & CEO 1877 37 Lowell Five Cent Savings Bank 65 Groton St., Pepperell 01463 978-452-1300 • www.lowellfive.com $35,745,000 $970 million 1 16 $1,146,995,000 $3,225,000 $912,738,000 214 David E. Wallace president & CEO 1854 38 Bristol County Savings Bank 375 W. Central St., Franklin 02038 508-528-2666 • www.bristolcountysavings.com $31,851,000 $1.7 billion 1 18 (s) $2,210,799,000 $5,677,000 $1,748,328,000 423 Patrick J. Murray Jr. president & CEO 1846 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 Total owed by an average U.S. house- hold with this Type of debt debt Any type of $135,065 debt* Credit cards $6,741 (revolving)** Mortgages $185,591 Auto loans $27,630 Student loans $47,634 * This debt can include mortgages, home equity lines of credit, auto loans, credit cards, student loans and other household debt, according to the Federal Reserve Bank of New York. **The credit card debt figures in this chart represent revolving credit card balances — those that are carried from month to month — rather than all credit card balances. Total U.S. credit card outstanding debt stands at $949 billion, which includes both revolving and transacting balances. Source: NerdWallet (2018) Nation of debtors Households carry an average of $135,000 in debt.