26 Hartford Business Journal
| March 8, 2021 | HartfordBusiness.com
The Lists
Largest in-state banks
(Ranked by deposits as of June 30, 2020)
Largest in-state banks
(Ranked by deposits as of June 30, 2020)
Rank Bank
Total CT deposits (000)
Market share
CT offices
Assets (000)
Net loans and leases (000)
Net Income 2020 (000) Top executive
Date
established
1
People's United Bank (1)
850 Main St.
Bridgeport, CT 06604
203-338-7001; www.peoples.com
$27,481,773
16.87%
174
$63,216,459
$43,551,951
$594,235
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%
112
$32,623,400
$21,300,514
$245,256
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%
61
$6,973,520
$4,469,911
$37,138
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%
26
$2,735,497
$1,828,522
$17,790
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%
13
$2,251,445
$1,601,672
$10,213
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%
17
$1,966,625
$1,382,613
$7,855
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%
16
$1,717,248
$1,260,462
$12,824
David A. Schneider
CEO
1871
8
ion Bank
251 Church St.
Naugatuck, CT 06770
877-729-4442; ionbank.com
$1,389,448
0.85%
20
$1,661,727
$1,221,182
$7,840
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%
18
$1,573,156
$1,030,599
$8,869
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%
14
$1,369,376
$881,728
$7,944
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%
14
$1,445,224
$988,467
$13,073
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%
15
$1,262,604
$1,039,887
$9,724
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%
6
$970,977
$686,332
$6,243
Timothy P. Geelan
President & CEO
1875
14
Patriot Bank
999 Bedford St.
Stamford, CT 06905
203-251-7200; bankpatriot.com
$737,928
0.45%
8
$883,185
$722,135
($259)
Robert G. Russell, Jr.
President & CEO
1994
15
Dime Bank
290 Salem Turnpike
Norwich, CT 06360
860-859-4300; dime-bank.com
$710,079
0.44%
10
$988,299
$608,931
$6,327
Nicholas Caplanson
President & CEO
1869
16
Torrington Savings Bank
129 Main St.
Torrington, CT 06790
860-496-2152; torringtonsavings.com
$692,182
0.42%
8
$894,378
$523,973
$173
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%
1
$1,025,818
$799,599
$2,280
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%
12
$655,774
$460,217
$3,881
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%
9
$564,923
$420,351
$1,467
David W. Tralka
President & CEO
1998
20
Salisbury Bank & Trust Co.
5 Bissell St.
Lakeville, CT 06039
860-435-9801; www.salisburybank.com
$502,256
0.31%
4
$1,293,663
$1,030,473
$12,774
Richard J. Cantele Jr.
President & CEO
1874
Source: Federal Deposit Insurance Corp.
Notes: Market share, deposits and number of Conn. offices as of June 30, 2020. Assets, net loans & leases, and net income attributable to bank are as of December 31, 2020.
(1)
Has entered an agreement to be purchased by Buffalo-based M & T Bank.
—Compiled by Timothy Doyle.
