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
