wbjournal.com | February 22, 2021 | Worcester Business Journal 21
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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, 2020. Assets, net loans and leases, and employee data are for entire bank network as of
September 30, 2020. 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, 2020
B A N K I N G & F I N A N C E F O C U S
Top banks
Ranked by local deposits as of June 30, 2020
Bank
Local deposits/
total deposits
Local
branches/
U.S. branches
Assets/
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
$6.1 billion
$1.7 trillion
30
4,253
$2.2 trillion
$934 billion
138,404
Edwin Thomas Shea Jr.
market president, Central Mass.
1904
2
TD Bank
370 Main St., Worcester 01608
508-368-6529 • tdbank.com
$3.7 billion
$332 billion
22
1,226
$338 billion
$163 billion
25,787
Steve C. Webb
regional president, Southern New
England and Upstate New York
1852
3
Middlesex Savings Bank
6 Main St., Natick 01760
508-653-0300 • www.middlesexbank.com
$3.5 billion
$4.8 billion
24
32
$5.6 billion
$3.4 billion
526
Michael G. McAuliffe
president & CEO
1835
4
Citizens Bank
34 Main St., Natick 01760
508-653-5100 • www.citizensbank.com
$2.5 billion
$145 billion
30
1,041
$179 billion
$126 billion
17,797
Bruce Van Saun
chairman & CEO
2005
5
Santander Bank
446 Main St., Worcester 01608
508-890-6810 • www.santanderbank.com
$2.4 billion
$67 billion
35
581
$86.2 billion
$54.1 billion
9,129
Timothy H. Wennes
president & CEO Santander Bank,
N.A.
1907
6
UniBank for Savings
49 Church St., Whitinsville 01588
508-234-8112 • www.unibank.com
$2 billion
$2 billion
14
14
$2.1 billion
$1.4 billion
249
Michael W. Welch
CEO
1870
7
Avidia Bank
42 Main St., Hudson 01749
978-562-2222 • www.avidiabank.com
$1.8 billion
$1.8 billion
10
10
$2 billion
$1.5 billion
247
Mark R. O'Connell
president & CEO
1869
8
Berkshire Bank
303 Turnpike Road, Westborough 01581
508-366-4750 • www.berkshirebank.com
$1.7 billion
$10.1 billion
16
132
$12.6 billion
$8.9 billion
1,473
Nitin Mhatre
CEO
1846
9
People's United Bank
120 Front St., Worcester 01608
508-890-5199 • www.peoples.com
$1.2 billion
$50.2 billion
7
421
$60.6 billion
$44.9 billion
6,014
Patrick J. Sullivan
president, Mass.
1988
10
Cornerstone Bank
230 Park Ave., Worcester 01609
508-421-8070 • www.cornerstonebank.com
$1 billion
$1 billion
13
13
$1.3 billion
$1.1 billion
167
Todd R. Tallman
CEO
1871
11
Main Street Bank
81 Granger Blvd., Marlborough 01752
508-481-8300 • www.bankmainstreet.com
$930 million
$930 million
13
13
$1.2 billion
$914 million
179
Walter J. Dwyer IV
CEO
1860
12
Fidelity Bank
9 Leominster Blvd., Leominster 01453
978-345-4331 • www.fidelitybankonline.com
$924 million
$968 million
14
15
$1.1 billion
$884 million
152
Edward F. Manzi Jr.
chairman & CEO
1888
13
Webster Five Cents Savings Bank
136 Thompson Road, Webster 01570
800-696-9401 • www.web5.com
$776 million
$776 million
7
7
$982 million
$775 million
145
Donald F. Doyle
president & CEO
1868
14
MutualOne Bank
828 Concord St., Framingham 01701
508-820-4000 • www.mutualone.com
$756 million
$756 million
3
3
$974 million
$808 million
92
Mark R. Haranas
president & CEO
1889
15
Rockland Trust Co.
58 Main St., Franklin 02038
508-520-3958 • www.rocklandtrust.com
$730 million
$10.8 billion
7
98
$13.2 billion
$11 billion
1,375
Christopher Oddleifson
CEO
1907
16
bankHometown
31 Sutton Ave., Oxford 01540
508-987-1200 • www.hometowncoop.com
$725 million
$1 billion
10
16
$1.2 billion
$768 million
155
Robert J. Morton
president and CEO
1889
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, 2020. Assets, net loans and leases, and employee
data are for entire bank network as of September 30, 2020. 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
