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12 Worcester Business Journal | Book of Lists 2020 | wbjournal.com Rev. 9/20 Member FDIC Life is evolving. Let us help. To learn more about business banking, contact Paul Kelly Regional President 781.223.6141 pfkelly@berkshirebank.com evolving Let's get back to business. F O C U S B A N K I N G & F I N A N C E 15 Rockland Trust Co. 58 Main St., Franklin 02038 508-520-3958 • www.rocklandtrust.com $488,656,000 $9,358,652,000 6 97 $11,986,696,000 $171,065,000 $8,867,810,000 1,350 Christopher Oddleifson CEO 1907 16 Rollstone Bank & Trust 780 Main St., Fitchburg 01420 978-345-1061 • www.rollstonebank.com $469,907,000 $469,907,000 8 8 $714,217,000 $3,651,000 $471,873,000 96 Martin F. Connors Jr. president & CEO 1846 17 Clinton Savings Bank 200 Church St., Clinton 01510 978-365-3700 • www.clintonsavings.com $460,134,000 $460,134,000 8 8 $584,434,000 $5,209,000 $419,174,000 96 Robert J. Paulhus Jr. president & CEO 1851 18 bankHometown 31 Sutton Ave., Oxford 01540 508-987-1200 • www.hometowncoop.com $449,163,000 $675,029,000 10 15 $1,031,111,000 $6,933,000 $722,616,000 155 Robert J. Morton president and CEO 1889 19 Savers Bank 270 Main St., Southbridge 01550 508-764-4329 • www.saversbank.com $422,125,000 $422,125,000 7 7 $602,879,000 $3,853,000 $488,244,000 90 Rosemary A. Picard president & CEO 1910 20 Athol Savings Bank 388 Main St., Athol 01331 978-249-3200 • www.atholsb.com $379,414,000 $379,414,000 8 8 $450,566,000 $3,104,000 $293,466,000 89 Daniel Zona president & CEO 1867 21 Bay State Savings Bank 28 Franklin St., Worcester 01608 508-890-9000 • www.baystatesavings.com $348,673,000 $348,673,000 7 7 $443,779,000 $1,596,000 $397,343,000 70 Peter B. Alden president & CEO 1895 22 Milford Federal Savings and Loan 246 Main St., Milford 01757 508-634-2500 • www.milfordfederal.com $295,079,000 $330,042,000 3 4 $418,260,000 $1,501,000 $368,026,000 79 Paul Gilbody president & CEO 1937 23 Dean Bank 21 Main St., Franklin 02038 508-528-0088 • www.deanbank.com $283,352,000 $283,352,000 4 4 $351,681,000 $1,923,000 $266,579,000 67 Kevin R. Goffe president & CEO 1889 24 Country Bank 278 Park Ave., Worcester 01609 800-322-8233 • www.countrybank.com $263,146,000 $1,167,701,000 6 15 $1,669,051,000 $13,748,000 $1,283,440,000 233 Paul F. Scully president & CEO 1850 25 Enterprise Bank & Trust Co. 65 Main St., Leominster 01453 978-656-5689 • www.enterprisebanking.com $216,079,000 $2,830,413,000 2 24 $3,367,153,000 $35,030,000 $2,644,639,000 526 John Clancy Jr. CEO 1989 26 Charles River Bank 70 Main St., Medway 02053 508-533-8661 • www.charlesriverbank.com $214,182,000 $214,182,000 4 4 $249,226,000 $738,000 $178,719,000 46 John S. Hamilton president & CEO 1915 27 North Brookfield Savings Bank 9 Gilbert St., North Brookfield 01535 508-867-7443 • www.northbrookfieldsavingsbank.com $175,565,000 $252,654,000 3 7 $326,504,000 $1,106,000 $235,020,000 65 Donna L. Boulanger president & CEO 1854 28 Needham Bank 41 Front St., Ashland 01721 508-881-1088 • www.needhambank.com $146,558,000 $1,633,302,000 3 10 $2,495,379,000 $16,001,000 $2,073,313,000 212 Joseph Campanelli president & CEO 1892 29 The Village Bank 62 Boston Post Road, Wayland 01778 617-969-4300 • www.village-bank.com $141,341,000 $1,041,959,000 1 8 $1,353,479,000 $10,133,000 $1,073,665,000 131 Joseph A. De Vito president & CEO 1910 30 Northern Bank & Trust 265 Great Road, Littleton 01460 978-486-3543 • www.nbtc.com $125,909,000 $1,828,247,000 3 14 $2,286,522,000 $37,056,000 $1,968,125,000 231 James J. Mawn Jr. president & CEO 1960 31 Millbury National Bank 18 Main St., Millbury 01527 508-865-9521 • www.mnbonline.com $86,053,000 $86,053,000 1 1 $99,483,000 $466,000 $71,430,000 19 Kathleen C. Marcum president & CEO 1825 32 Salem Five 19 Concord Road, Sudbury 01776 978-579-0592 • www.salemfive.com $65,471,000 $3,871,500,000 1 36 $5,323,964,000 $63,055,000 $4,021,129,000 596 Ping Yin Chai president & CEO 1855 33 Eastern Bank 2 South Ave., Natick 01760 508-655-4101 • easternbank.com $65,435,000 $9,467,935,000 1 91 $12,341,265,000 $135,432,000 $8,974,461,000 1,784 Robert F. Rivers CEO 1818 34 Bristol County Savings Bank 375 W. Central St., Franklin 02038 508-528-2666 • www.bristolcountysavings.com $48,274,000 $1,814,582,000 1 18 $2,310,656,000 $23,909,000 $1,812,122,000 406 Patrick J. Murray Jr. president & CEO 1846 35 NorthEast Community Bank 35 Edgell Road, Framingham 01701 508-879-0006 • www.necommunitybank.com $34,559,000 $783,283,000 1 10 $899,928,000 $12,389,000 $783,260,000 122 Kenneth Martinek chairman & CEO 1934 Source: Federal Deposit Insurance Corp. Notes: Local deposits represent deposits at bank locations within Central Massachusetts. Local and total deposits, as well as branch data are as of June 30, 2019. Assets, net loans and leases, and employee data are for entire bank network as of March 31, 2020. Net income is for 2019. Number of employees represents full-time equivalents. For companies based outside Central Massachusetts, the address listed is a regional headquarters or local office. - Compiled by: Timothy Doyle, tdoyle@nebusinessmedia.com Top banks Ranked by local deposits as of June 30, 2019 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 $5,276,615,000 $1,353,686,805,000 31 4,335 $2,031,940,000,000 $26,456,000,000 $1,029,545,000,000 137,406 Edwin Thomas Shea Jr. market president, Central Mass. 1904 2 Middlesex Savings Bank 6 Main St., Natick 01760 508-653-0300 • www.middlesexbank.com $3,055,695,000 $4,198,544,000 24 32 $5,081,850,000 $42,276,000 $3,206,842,000 518 Michael G. McAuliffe president & CEO 1835 3 TD Bank 370 Main St., Worcester 01608 508-368-6529 • www.tdbank.com $2,888,125,000 $258,573,086,000 25 1,244 $355,767,822,000 $2,682,078,000 $159,417,603 25,912 Steve C. Webb regional president, Southern New England and Upstate New York 1852 4 Santander Bank 446 Main St., Worcester 01608 508-890-6810 • www.santanderbank.com $2,232,505,000 $58,139,076,000 613 613 $875,693,232,000 $245,372,000 $54,512,563,000 9,557 Timothy H. Wennes president & CEO Santander US 1907 5 Citizens Bank 28 State St., Boston 02109 800-852-5577 • www.citizensbank.com $2,106,846,000 $125,246,311,000 29 1,105 $176,632,580,000 $1,811,765,000 $128,672,895,000 17,731 Bruce Van Saun chairman and CEO 1828 6 UniBank for Savings 49 Church St., Whitinsville 01588 508-234-8112 • www.unibank.com $1,619,317,000 $1,619,317,000 14 14 $2,057,059,000 $9,754,000 $1,397,776,000 265 Michael W. Welch CEO 1870 7 Berkshire Bank 303 Turnpike Road, Westborough 01581 508-366-4750 • www.berkshirebank.com $1,546,415,000 $10,642,662,000 15 134 $13,204,374,000 $101,100,000 $9,319,642,000 1,456 Sean Gray president & COO 1846 8 Avidia Bank 42 Main St., Hudson 01749 978-562-2222 • www.avidiabank.com $1,348,591,000 $1,348,591,000 10 10 $1,798,921,000 $13,485,000 $1,255,943,000 246 Mark R. O'Connell president & CEO 1869 9 Cornerstone Bank 230 Park Ave., Worcester 01609 508-421-8070 • www.cornerstonebank.com $878,564,000 $878,564,000 13 13 $1,197,179,000 $5,560,000 $1,011,743,000 171 K. Michael Robbins chairman & CEO 1871 10 Fidelity Bank 9 Leominster Blvd., Leominster 01453 978-345-4331 • www.fidelitybankonline.com $862,864,000 $862,864,000 13 13 $1,170,169,000 $6,083,000 $871,593,000 162 Edward F. Manzi Jr. chairman & CEO 1888 11 Main Street Bank 81 Granger Blvd., Marlborough 01752 508-481-8300 • www.bankmainstreet.com $862,788,000 $862,788,000 13 13 $1,058,441,000 $5,280,000 $817,590,000 177 Walter J. Dwyer IV CEO 1860 12 MutualOne Bank 828 Concord St., Framingham 01701 508-820-4000 • www.mutualone.com $781,330,000 $781,330,000 3 3 $981,151,000 $16,246,000 $758,565,000 91 Mark R. Haranas president & CEO 1889 13 Webster Five Cents Savings Bank 136 Thompson Road, Webster 01570 800-696-9401 • www.web5.com $658,557,000 $658,557,000 7 7 $899,331,000 $6,914,000 $687,589,000 146 Donald F. Doyle president & CEO 1868 14 People's United Bank 120 Front St., Worcester 01608 508-890-5199 • www.peoples.com $601,275,000 $39,832,882,000 6 414 $60,206,875,000 $543,468,000 $43,969,401,000 6,246 Patrick J. Sullivan president, Mass. 1988 15 Rockland Trust Co. 58 Main St., Franklin 02038 508-520-3958 • www.rocklandtrust.com $488,656,000 $9,358,652,000 6 97 $11,986,696,000 $171,065,000 $8,867,810,000 1,350 Christopher Oddleifson CEO 1907 16 Rollstone Bank & Trust 780 Main St., Fitchburg 01420 978-345-1061 • www.rollstonebank.com $469,907,000 $469,907,000 8 8 $714,217,000 $3,651,000 $471,873,000 96 Martin F. Connors Jr. president & CEO 1846 17 Clinton Savings Bank 200 Church St., Clinton 01510 978-365-3700 • www.clintonsavings.com $460,134,000 $460,134,000 8 8 $584,434,000 $5,209,000 $419,174,000 96 Robert J. Paulhus Jr. president & CEO 1851 18 bankHometown 31 Sutton Ave., Oxford 01540 508-987-1200 • www.hometowncoop.com $449,163,000 $675,029,000 10 15 $1,031,111,000 $6,933,000 $722,616,000 155 Robert J. Morton president and CEO 1889 19 Savers Bank 270 Main St., Southbridge 01550 508-764-4329 • www.saversbank.com $422,125,000 $422,125,000 7 7 $602,879,000 $3,853,000 $488,244,000 90 Rosemary A. Picard president & CEO 1910 20 Athol Savings Bank 388 Main St., Athol 01331 978-249-3200 • www.atholsb.com $379,414,000 $379,414,000 8 8 $450,566,000 $3,104,000 $293,466,000 89 Daniel Zona president & CEO 1867 21 Bay State Savings Bank 28 Franklin St., Worcester 01608 508-890-9000 • www.baystatesavings.com $348,673,000 $348,673,000 7 7 $443,779,000 $1,596,000 $397,343,000 70 Peter B. Alden president & CEO 1895 Berkshire Hills Bank Presi- dent, CEO and Director Richard Marotta has stepped down from his roles, the Boston bank's parent company, Berkshire Hills Bancorp, Inc., announced in August, giving no explanation for his sudden departure. Marotta is the second CEO to suddenly step down from the bank since 2018. His prede- cessor, Michael Daly, abruptly resigned as president and CEO in November 2018, with little explanation for the departure. Daly received $7.5 million as a severance package. Marotta received $5 million. Berkshire Bank president and CEO steps down