20 Worcester Business Journal | Book of Lists 2020 | wbjournal.com
F O C U S B A N K I N G & F I N A N C E
Top PPP lenders in Central Mass.
Ranked by total number of loans to Central Mass. businesses
Company
Headquarters
Loans to Central
Mass. businesses
Loans between
$0-$150,000
Loans between
$150,000-$1,000,000
Loans between
$1,000,000-$10,000,000
1
Bank of America
Charlotte, NC
1,876 1,614 236 26
2
Citizens Bank
Providence, RI
1,439 1,244 178 17
3
TD Bank
Cherry Hill, NJ
1,084 878 181 25
4
Avidia Bank
Hudson
1,080 861 205 14
5
Middlesex Savings Bank
Natick
1,056 900 144 12
6
Cornerstone Bank
Worcester
582 489 82 11
7
Santander Bank
Boston
570 486 77 7
8
Berkshire Bank
Boston
558 435 102 21
9
bankHometown
Oxford
498 417 79 2
10
Rockland Trust Co.
Rockland
483 378 94 11
11
UniBank for Savings
Whitinsville
474 388 71 15
12
Main Street Bank
Marlborough
445 362 78 5
13
People's United Bank
Bridgeport, CT
393 279 93 21
14
Digital Federal Credit Union
Marlborough
386 359 25 2
15
Fidelity Bank
Leominster
372 284 86 2
16
Webster Five Cents Savings Bank
Webster
357 264 81 12
17
Bay State Savings Bank
Worcester
312 248 64 0
18
Enterprise Bank & Trust Co.
Lowell
301 199 92 10
19
St. Mary's Credit Union
Marlborough
256 221 35 0
20
Rollstone Bank & Trust
Fitchburg
233 171 56 6
Source: U.S. Small Business Administration
Notes: PPP=Paycheck Protection Program. The $669-billion PPP program was created by Congress as part of the $2-trillion CARES Act in order to help businesses with fewer than 500 employees navigate financial hardships caused by the
coronavirus pandemic. The loans became grants if the borrowers met certain criteria, particularly around employment.
- Compiled by: Grant Welker, gwelker@wbjournal.com
