BANKING & FINANCE
BOOK OF LISTS 2021 | 17
LARGEST IN-STATE BANKS
(Ranked by deposits as of June 30, 2020)
HOW THE TOP 5 FARED:
Total deposits,
In-state banks
(in 000s)
%
2019 2020 change
People's
United
Bank
$21,218,512 $27,481,773 29.52%
Webster
Bank
$19,733,657 $23,296,865 18.06%
Liberty
Bank $3,977,793 $5,303,588 33.33%
Union
Savings
Bank
$1,642,869 $2,036,574 23.96%
Bankwell
Bank
$1,483,747 $1,626,994 9.65%
Largest in-state banks
(Ranked by deposits as of June 30, 2020)
Rank Bank
Conn.
deposits
(000)/
Market
share
Assets
(000)
Net loans
and leases/
Net income
Q4 2019
(000)
Conn.
offices
Head
of bank
Date
established
1
People's United Bank
850 Main St.
Bridgeport, CT 06604
203-338-7001; www.peoples.com
$27,481,773
16.87%
$61,270,833
$45,099,531
$543,468
173
John P. Barnes
President & CEO
1988
2
Webster Bank
137 Bank St.
Waterbury, CT 06702
203-578-2200; public.websteronline.com
$23,296,865
14.30%
$32,723,263
$21,493,108
$404,850
112
John R. Ciulla
President & CEO
1870
3
Liberty Bank
315 Main St.
Middletown, CT 06457
888-570-0773; www.liberty-bank.com
$5,303,588
3.26%
$6,657,271
$4,556,645
$65,285
61
David W. Glidden
President & CEO
1825
4
Union Savings Bank
226 Main St.
Danbury, CT 06810
866-872-1866; www.unionsavings.com
$2,036,574
1.25%
$2,595,909
$1,833,654
$22,230
26
Cynthia C. Merkle
President & CEO
1866
5
Bankwell Bank
208 Elm St.
New Canaan, CT 06480
203-972-3838; mybankwell.com
$1,626,994
1.00%
$2,041,883
$1,590,995
$21,687
13
Christopher Gruseke
CEO
2002
6
First County Bank
117 Prospect St.
Stamford, CT 06901
203-462-4400; www.firstcountybank.com
$1,418,057
0.87%
$1,911,778
$1,486,906
$8,544
17
Robert J. Granata
Chairman & CEO
1851
7
Fairfield County Bank
150 Danbury Road
Ridgefield, CT 06877
877-431-7431;
www.fairfieldcountybank.com
$1,394,673
0.86%
$1,758,564
$1,313,743
$10,354
16
David A. Schneider
CEO
1871
8
ion Bank
251 Church St.
Naugatuck, CT 06770
877-729-4442; ionbank.com
$1,389,448
0.85%
$1,625,411
$1,308,646
$9,511
20
David J. Rotatori
President & CEO
1870
9
Newtown Savings Bank
39 Main St.
Newtown, CT 06470
203-426-2563; www.nsbonline.com
$1,185,355
0.73%
$1,636,553
$1,127,878
$7,360
18
Kenneth L. Weinstein
President & CEO
1855
10
Thomaston Savings Bank
203 Main St.
Thomaston, CT 06787
855-344-1874;
thomastonsavingsbank.com
$1,153,512
0.71%
$1,304,094
$916,531
$5,727
14
Stephen L. Lewis
President & CEO
1874
11
Chelsea Groton Bank
1 Franklin Square
Norwich, CT 06360
860-823-4912; www.chelseagroton.com
$1,062,153
0.65%
$1,397,442
$972,420
$18,099
14
B. Michael Rauh Jr.
President & CEO
1854
12
Savings Bank of Danbury
220 Main St.
Danbury, CT 06810
203-743-3849; sbdanbury.com
$1,009,136
0.62%
$1,238,414
$1,037,161
$11,810
15
Martin G. Morgado
President & CEO
1849
13
Guilford Savings Bank
1 Park St.
Guilford, CT 06437
203-453-2721; www.gsb-yourbank.com
$771,625
0.47%
$937,165
$677,114
$6,532
6
Timothy P. Geelan
President & CEO
1875
14
Patriot Bank
999 Bedford St.
Stamford, CT 06905
203-251-7200; bankpatriot.com
$737,928
0.45%
$979,719
$788,931
($1,082)
8
Michael Carrazza
Chairman & CEO
1994
15
Dime Bank
290 Salem Turnpike
Norwich, CT 06360
860-859-4300; dime-bank.com
$710,079
0.44%
$960,134
$673,430
$5,098
10
Nicholas Caplanson
President & CEO
1869
16
Torrington Savings Bank
129 Main St.
Torrington, CT 06790
860-496-2152; torringtonsavings.com
$692,182
0.42%
$863,766
$547,077
$8,185
8
Lesa A. Vanotti
President & CEO
1868
17
Fieldpoint Private Bank & Trust
100 Field Point Road
Greenwich, CT 06830
203-413-9300; www.fieldpointprivate.com
$638,657
0.39%
$953,817
$735,712
$4,902
1
Timothy Tully
Executive chairman
2008
18
Windsor Federal Savings & Loan
250 Broad St.
Windsor, CT 06095
860-688-8511; www.windsorfederal.com
$590,163
0.36%
$673,161
$472,560
$3,741
12
George Hermann
President & CEO
1935
19
Connecticut Community Bank
1495 Post Road East
Westport, CT 06880
203-319-6260; www.ccbankonline.com
$525,375
0.32%
$586,726
$450,142
$4,543
9
David W. Tralka
President & CEO,
InsurBanc
1998
20
Salisbury Bank & Trust Co.
5 Bissell St.
Lakeville, CT 06039
860-435-9801; www.salisburybank.com
$502,256
0.31%
$1,287,137
$1,045,670
$11,915
4
Richard J. Cantele Jr.
President & CEO
1874
21
Milford Bank
33 Broad St.
Milford, CT 06460
203-783-5700; www.milfordbank.com
$412,886
0.25%
$493,124
$415,461
$1,252
8
Susan Shields
President & CEO
1872
22
Essex Savings Bank
35 Plains Road
Essex, CT 06426
860-767-4414; www.essexsavings.com
$410,501
0.25%
$471,926
$326,997
$2,795
8
Gregory R. Shook
President & CEO
1851
23
Northwest Community Bank
86 Main St.
Winsted, CT 06098
860-379-7561;
www.nwcommunitybank.com
$360,183
0.22%
$431,676
$325,939
$3,877
6
Stephen P. Reilly
President & CEO
1875
Source: Federal Deposit Insurance Corp. Note: Deposits, assets, and net loans and leases as of June 30, 2020; net income as of Dec. 31, 2019 to reflect data for a full 12 months.
—Compiled by Timothy Doyle.
