Issue link: https://nebusinessmedia.uberflip.com/i/1261820
n e w h a v e n b i z . c o m | J u n e / J u l y 2 0 2 0 | n e w h a v e n B I Z 13 2 0 2 0 B O O K O F L I S T S : B A N K I N G We think you'll agree when you meet with our dedicated and experienced business bankers and see what we have to offer. Paul Portnoy, Vice President and Manager of our New Haven Loan Production Office, will personally oversee your account relationship. 142 Temple Street, Suite 208 New Haven, CT 06510 www.milfordbank.com FOR YOU AND YOUR BUSINESS SINCE 1872. Equal Housing Lender Largest Banks, South Central Connecticut (Ranked by local deposits as of June 30, 2019) Largest Banks South Central Connecticut (Ranked by local deposits as of June 30, 2019) Rank Bank Local deposits (000) Local offices CT market share (1) Total assets (000) Net loans and leases (000) Net income (000) Chief executive Year founded 1 Webster Bank 137 Bank St. Waterbury 06702 203-578-2200; public.websteronline.com $13,198,283 41 14.11% $30,412,303 $19,866,294 $404,850 John R. Ciulla President & CEO 1870 2 People's United Bank (2) 850 Main St. Bridgeport 06604 203-338-7001; www.peoples.com $12,111,463 55 15.18% $58,343,490 $43,921,156 $543,468 John P. Barnes President & CEO 1988 3 Bank of America 185 Asylum St. Hartford 06103 800-432-1000; www.bankofamerica.com $5,555,927 35 22.94% $1,852,983,000 $969,383,000 $29,756,000 Kevin J. Cunningham CT President 1904 4 Wells Fargo Bank, NA 205 Church St. New Haven 06510 203-773-9037; www.wellsfargo.com $3,665,012 34 5.68% $1,712,919,000 $934,435,000 $19,553,000 David Miree EVP & lead region president 2008 5 TD Bank 2461 Main St. Glastonbury 06033 860-652-6507; www.tdbank.com $2,397,974 28 4.92% $320,471,996 $151,529,387 $2,682,078 Steve C Webb Regional President 1852 6 KeyBank NA 999 Bedford St. Stamford 06905 203-977-1970; www.key.com $2,391,065 24 3.24% $143,390,269 $95,935,337 $1,898,433 Chris Gorman Chairman and CEO 1825 7 JP Morgan Chase Bank 111 W. Putnam Ave. Greenwich 06830 203-861-7379; www.chase.com $1,693,979 16 4.16% $2,337,646,000 $950,032,000 $31,336,000 Jamie Dimon Chairman and CEO 2000 8 Liberty Bank 315 Main St. Middletown 06457 888-570-0773; www.liberty-bank.com $1,333,892 23 2.84% $5,814,075 $4,204,958 $65,285 David W. Glidden President & CEO 1825 9 Citizens Bank 470 Bank St. New London 06320 860-444-6300; www.citizensbank.com $1,051,597 14 2.11% $165,742,416 $121,020,392 $1,811,765 Lisa Maass CT President 1828 10 ion Bank 251 Church St. Naugatuck 06770 877-729-4442; ionbank.com $954,436 17 0.78% $1,362,062 $1,141,112 $9,511 David J. Rotatori President & CEO 1870 11 Patriot Bank 999 Bedford St. Stamford 06905 203-251-7200; bankpatriot.com $767,931 3 0.51% $981,064 $818,595 ($131) Michael Carrazza Chairman & CEO 1994 12 Guilford Savings Bank 1 Park St. Guilford 06437 203-453-2721; www.gsb-yourbank.com $638,869 6 0.46% $838,240 $641,939 $6,275 Timothy P. Geelan President & CEO 1875 13 Bankwell Bank 208 Elm St. New Canaan 06480 203-972-3838; mybankwell.com $446,034 4 1.06% $1,879,209 $1,588,840 $21,687 Christopher Gruseke CEO 2002 14 Milford Bank 33 Broad St. Milford 06460 203-783-5700; www.milfordbank.com $354,163 8 0.25% $449,718 $388,620 $1,252 Susan Shields President & CEO 1872 15 Newtown Savings Bank 39 Main St. Newtown 06470 203-426-2563; www.nsbonline.com $310,986 6 0.74% $1,334,086 $1,069,536 $7,360 Kenneth L. Weinstein President & CEO 1855 16 Citibank 399 Post Road West Westport 06880 203-635-6763; www.citibank.com $286,000 2 3.87% $1,453,998,000 $655,880,000 $17,405,000 Michael Corbat CEO 1812 17 Essex Savings Bank 35 Plains Road Essex 06426 860-767-4414; www.essexsavings.com $274,359 7 0.24% $420,909 $309,807 $2,795 Gregory R. Shook President & CEO 1851 18 Thomaston Savings Bank 203 Main St. Thomaston 06787 855-344-1874; thomastonsavingsbank.com $245,625 5 0.07% $1,110,732 $761,938 $5,727 Stephen L. Lewis President & CEO 1874 19 Fairfield County Bank 150 Danbury Road Ridgefield 06877 877-431-7431; www.fairfieldcountybank.com $189,171 3 0.90% $1,563,031 $1,127,181 $10,354 David A. Schneider CEO 1871 20 Santander Bank 1010 Farmington Ave. West Hartford 06107 860-570-3121; www.santanderbank.com $128,743 3 1.28% $84,670,854 $54,844,666 $245,372 Timothy Wennes CEO 1902 21 New Haven Bank 299 Whalley Ave. New Haven 06510 203-285-6490; www.newhavenbank.com $113,432 1 0.25% $147,685 $125,806 $3,158 Maureen A. Frank President & CEO 2010 Source: Federal Deposit Insurance Corp. Notes: Number of Conn. offices, assets, net loans and leases, and net income as of December 31, 2019. Deposit and market share data as of June 30, 2019. (1) Percentage of all deposits in CT (2) 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. —Compiled by Timothy Doyle. Source: Federal Deposit Insurance Corp. Notes: Number of Conn. offices, assets, net loans and leases, and net income as of December 31, 2019. Deposit and market share data as of June 30, 2019. (1) Percentage of all deposits in CT (2) 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. —Compiled by Timothy Doyle.