BANKING & FINANCE
BOOK OF LISTS 2021 | 19
LARGEST OUT-OF-STATE BANKS IN CONNECTICUT
(Ranked by Conn. deposits as of June 30, 2020)
HOW THE TOP 5 FARED:
Total deposits,
Out-of-state banks
(in 000s)
%
2019 2020 change
Bank of
America $32,073,533 $40,429,756 26.05%
Wells
Fargo
$7,936,189 $9,088,286 14.52%
TD Bank $6,874,983 $8,009,374 16.50%
JP
Morgan
Chase
Bank $5,822,228 $7,227,692 24.14%
Citibank $5,415,000 $6,071,000 12.11%
Out-of-state
banks with the
most CT offices
No. of
offices
Bank of America 113
Wells Fargo Bank 66
TD Bank 62
KeyBank 57
JP Morgan Chase Bank 50
Largest out-of-state banks in Connecticut
(Ranked by Conn. deposits as of June 30, 2020)
Rank Bank
Conn. deposits
2020/2019/2018
(000)
Market share
2020/2019/2018
Conn. offices/
Total offices
Parent company/
Headquarters
1
Bank of America
185 Asylum St.
Hartford, CT 06103
800-432-1000; www.bankofamerica.com
$40,429,756
$32,073,533
$32,042,513
24.82%
22.94%
23.64%
113
4,140
Bank of America Corp.
Charlotte, N.C
2
Wells Fargo Bank, NA
205 Church St.
New Haven, CT 06510
203-773-9037; www.wellsfargo.com
$9,088,286
$7,936,189
$8,349,780
5.58%
5.68%
6.16%
66
5,344
Wells Fargo & Co.
San Francisco, Calif.
3
TD Bank
2461 Main St.
Glastonbury, CT 06033
860-652-6507; www.tdbank.com
$8,009,374
$6,874,983
$6,677,841
4.92%
4.92%
4.93%
62
1,164
Toronto Dominion (TD) Bank
Toronto, Canada
4
JP Morgan Chase Bank
111 W. Putnam Ave.
Greenwich, CT 06830
203-861-7379; www.chase.com
$7,227,692
$5,822,228
$5,767,338
4.44%
4.16%
4.26%
50
4,929
JP Morgan Chase & Co.
New York, N.Y.
5
Citibank
399 Post Road West
Westport, CT 06880
203-635-6763; www.citibank.com
$6,071,000
$5,415,000
$5,605,000
3.73%
3.87%
4.14%
14
696
Citigroup Inc.
New York
6
KeyBank
195 Church St.
New Haven, CT 06510
203-789-2781; www.key.com
$4,816,217
$4,531,504
$4,307,262
2.96%
3.24%
3.18%
57
1,042
Key Corp.
Cleveland, Ohio
7
Citizens Bank
470 Bank St.
New London, CT 06320
860-444-6300; www.citizensbank.com
$3,194,807
$2,952,841
$2,889,091
1.96%
2.11%
2.13%
33
1,008
Citizens Financial Group Inc.
Providence, R.I.
8
Santander Bank
1010 Farmington Ave.
West Hartford, CT 06107
860-570-3121; www.santanderbank.com
$2,003,314
$1,791,832
$1,599,202
1.23%
1.28%
1.18%
21
560
Banco Santander SA
Madrid, Spain
9
Berkshire Bank
927 Farmington Ave.
West Hartford, CT 06107
860-231-8148; www.berkshirebank.com
$1,460,423
$1,385,928
$294,026
0.90%
0.99%
0.22%
27
105
Berkshire Hills Bancorp Inc.
Massachusetts
10
Signature Bank
75 Holly Hill Lane
Greenwich, CT 06830
866-744-5463; www.signatureny.com
$974,742
$761,431
$357,966
0.60%
0.54%
0.26%
1
31
Signature Bank
New York
11
First Republic Bank
93 Mason St.
Greenwich, CT 06830
203-422-0818; www.firstrepublic.com
$649,535
$469,583
$515,580
0.40%
0.34%
0.38%
1
81
First Republic Bank
California
12
BNY Mellon
10 Mason St.
Greenwich, CT 06830
203-487-5758; www.bnymellon.com
$434,000
$334,000
$293,043
0.27%
0.24%
0.22%
1
29
The Bank of New York Mellon Corp.
New York
13
Putnam Bank a division of Centreville Bank (1)
40 Main St.
Putnam, CT 06260
860-928-6501; putnambank.com
$420,924
NA
NA
0.26%
NA
NA
8
8
Centreville Bank
West Warwick, RI
14
Northern Trust Co.
165 Mason St.
Greenwich, CT 06830
203-863-1400; www.northerntrust.com
$338,155
$272,324
$216,009
0.21%
0.19%
0.16%
1
55
Northern Trust Corp.
Illinois
15
Manufacturers & Traders Trust Co. (M&T Bank)
247 Federal Road
Brookfield, CT 06804
203-744-1200; www.mtb.com
$297,678
$309,954
$433,911
0.18%
0.22%
0.32%
9
758
M&T Bank Corp.
New York
16
bankHometown
182 Main St.
Putnam, CT 06260
860-753-4500; www.hometowncoop.com
$289,652
$225,866
$219,648
0.18%
0.16%
0.16%
5
10
Hometown Financial Group MHC
Massachusetts
17
PeoplesBank
30 Bridge St.
Suffield, CT 06078
860-668-3950; www.bankatpeoples.com
$278,102
$233,895
NA
0.17%
0.17%
NA
4
19
Peoplesbancorp MHC
Massachusetts
18
Washington Trust Co. of Westerly
14 Clara Drive
Mystic, CT 06355
860-572-2058; www.washtrust.com
$105,466
$63,481
$64,174
0.04%
0.05%
0.05%
1
23
Washington Trust Bancorp Inc.
Rhode Island
18
Westfield Bank
47 Palomba Drive
Enfield, CT 06082
860-265-3919; www.westfieldbank.com
$105,466
$80,203
$69,481
0.06%
0.06%
0.05%
2
23
Western New England Bancorp Inc.
Massachusetts
20
Capitol One
45 S. Main St.
Branford, CT 06405
203-481-3471; www.capitalone.com
$5,189
$153,696
$153,772
0.00%
0.11%
0.11%
1
450
Capitol One Financial Corp.
McLean, Va.
Source: Federal Deposit Insurance Corp. website: www.fdic.gov.
(1)
Acquired Putnam Bank effective May 1, 2020.
—Compiled by Timothy Doyle.
