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BANKING & FINANCE BOOK OF LISTS 2020 | 29 LARGEST IN-STATE BANKS (Ranked by deposits as of June 30, 2019 Largest in-state banks (Ranked by deposits as of June 30, 2019) Rank Bank Conn. deposits (000)/ Market share Assets (000) Net loans and leases/ Net income Q4 2018 (000) Conn. offices Head of bank Date established 1 People's United Bank (1) 850 Main St. Bridgeport, CT 06604 203-338-7001; www.peoples.com $21,218,512 15.18% $51,375,820 (2) $35,008,091 $488,750 157 John P. Barnes President & CEO 1988 2 Webster Bank 137 Bank St. Waterbury, CT 06702 203-578-2200; public.websteronline.com $19,733,657 14.11% $28,957,456 $18,267,655 $380,911 112 John R. Ciulla President & CEO 1870 3 Liberty Bank (3) 315 Main St. Middletown, CT 06457 888-570-0773; www.liberty-bank.com $3,977,793 2.84% $5,270,083 (4) $3,860,917 $71,567 55 David W. Glidden (5) President & CEO 1825 4 Union Savings Bank 226 Main St. Danbury, CT 06810 866-872-1866; www.unionsavings.com $1,642,869 1.17% $2,147,434 $1,700,024 $21,810 26 Cynthia C. Merkle President & CEO 1866 5 Bankwell Bank 208 Elm St. New Canaan, CT 06480 203-972-3838; mybankwell.com $1,483,747 1.06% $1,856,728 $1,586,775 $20,861 13 Christopher Gruseke CEO 2002 6 Fairfield County Bank 150 Danbury Road Ridgefield, CT 06877 877-431-7431; www.fairfieldcountybank.com $1,258,670 0.90% $1,566,268 $1,087,005 $12,452 16 David A. Schneider CEO 1871 7 First County Bank 117 Prospect St. Stamford, CT 06901 203-462-4400; www.firstcountybank.com $1,194,128 0.85% $1,691,948 $1,286,673 $8,784 17 Robert J. Granata (6) Chairman & CEO 1851 8 ion Bank 251 Church St. Naugatuck, CT 06770 877-729-4442; ionbank.com $1,096,207 0.78% $1,331,534 $1,084,752 $9,201 18 David J. Rotatori (7) President & CEO 1870 9 Newtown Savings Bank 39 Main St. Newtown, CT 06470 203-426-2563; www.nsbonline.com $1,038,778 0.74% $1,313,493 $1,073,889 $8,893 14 Kenneth L. Weinstein President & CEO 1855 10 Thomaston Savings Bank 203 Main St. Thomaston, CT 06787 855-344-1874; thomastonsavingsbank.com $960,372 0.69% $1,096,346 $695,623 $5,396 13 (8) Stephen L. Lewis President & CEO 1874 11 Chelsea Groton Bank 1 Franklin Square Norwich, CT 06360 860-448-4200; www.chelseagroton.com $903,083 0.65% $1,152,028 $831,427 $11,282 14 B. Michael Rauh Jr. President & CEO 1854 12 Savings Bank of Danbury 220 Main St. Danbury, CT 06810 203-743-3849; sbdanbury.com $872,166 0.62% $1,093,947 $898,556 $10,565 15 Martin G. Morgado President & CEO 1849 13 Patriot Bank 999 Bedford St. Stamford, CT 06905 203-251-7200; bankpatriot.com $718,868 0.51% $977,922 $772,767 $5,193 8 Michael Carrazza Chairman & CEO 1994 14 Torrington Savings Bank 129 Main St. Torrington, CT 06790 860-496-2152; torringtonsavings.com $666,322 0.48% $836,712 $505,774 $5,271 7 John E. Janco President & CEO 1868 15 The Guilford Savings Bank 1 Park St. Guilford, CT 06437 203-453-2721; www.gsb-yourbank.com $638,869 0.46% $821,567 $579,201 $6,068 6 Timothy P. Geelan President & CEO 1875 16 Dime Bank 290 Salem Turnpike Norwich, CT 06360 860-859-4300; dime-bank.com $600,565 0.43% $856,315 $616,256 $8,768 11 Nicholas Caplanson President & CEO 1869 17 Fieldpoint Private Bank & Trust 100 Field Point Road Greenwich, CT 06830 203-413-9300; www.fieldpointprivate.com $599,634 0.43% $944,443 $735,683 $6,647 1 Robert S. Matthews CEO 2008 18 Salisbury Bank & Trust Co. 5 Bissell St. Lakeville, CT 06039 860-435-9801; www.salisburybank.com $465,487 0.33% $1,119,088 $909,279 $9,617 4 Richard J. Cantele Jr. President & CEO 1874 19 Windsor Federal Savings & Loan 250 Broad St. Windsor, CT 06095 860-688-8511; www.windsorfederal.com $433,506 0.31% $515,337 $385,259 $3,478 7 George Hermann President & CEO 1935 20 Connecticut Community Bank (9) 1495 Post Road East Westport, CT 06880 203-319-6260; www.ccbankonline.com $401,134 0.29% $449,685 $321,467 $2,004 9 David W. Tralka President & CEO, InsurBanc 1998 21 Putnam Bank 40 Main St. Putnam, CT 06260 860-928-6501; www.putnambank.com $391,727 0.28% $532,193 $368,626 $4,234 8 Thomas A. Borner President & CEO 1862 Source: Federal Deposit Insurance Corp. Note: Deposits and assets as of June 30, 2019; net loans and leases and net income as of Dec. 31, 2018 to reflect data for a full 12 months. (1) People's United Bank acquired First Connecticut Bancorp, holding company of Farmington Bank, in September 2018. Farmington Bank had $3.2 billion in deposits at the time the deal closed. On Nov. 1, 2019, People's United Bank acquired Hartford's United Financial Bancorp Inc., parent of United Bank, for $759 million. United Bank had $4.3 billion in deposits as of June 30, 2019. (2) Assets do not include United Bank assets. (3) Liberty Bank acquired SBT Bancorp Inc. and its subsidiary, The Simsbury Bank & Trust Company on Oct. 11, 2019. (4) Assets do not include Simsbury Bank & Trust Co. assets. (5) Succeeded Chandler J. Howard upon his retirement, effective March 18, 2019. (6) Effective Aug. 1, 2019, succeeded Reyno Giallongo Jr. upon his retirement. (7) President since 2017, assumed additional role as CEO upon retirement of Charles J. Boulier III in January 2019. (8) An additional branch currently under construction in Farmington, opening soon. (9) Operates the following divisions: Darien Bank & Trust Co., Greenwich Bank & Trust Co., InsurBanc, Norwalk Bank & Trust Co., Stamford Bank & Trust Co. and Westport National Bank. —Compiled by Heide Martin. People's United Bank continued its acquisition spree in 2019, completing purchases of Boston's Belmont Savings Bank and Hartford-based United Bank for $327 million and $759 million, respectively. Webster Bank announced a new partnership with the state in January to provide interest-free loans to federal workers who were unable to receive unemployment assistance during the federal- government shutdown. Liberty Bank named a new CEO, David W. Glidden, in January, and completed its $71-million purchase of Simsbury Bank in October. HOW THE TOP 5 FARED: Total deposits, In-state banks (in 000s) % 2018 2019 change People's United Bank $17,462,131 $21,218,512 21.51% Webster Bank $18,601,100 $19,733,657 6.09% Liberty Bank $3,621,989 $3,977,793 9.82% Union Savings Bank $1,664,282 $1,642,869 -1.29% Bankwell Bank $1,470,928 $1,483,747 0.87%