28 HARTFORDBUSINESS.COM | MAY 3, 2021
The Lists
Rank Bank
No. of loans 2020
No. of loans 2019
Amount of loans 2020
Amount of loans 2019
1
Webster Bank
Waterbury (1)
54
104
$13,135,300
$30,349,400
2
People's United Bank (2)
Bridgeport
41
70
$3,912,800
$9,015,600
3
Liberty Bank
Middletown
39
48
$5,626,100
$3,987,605
4
TD Bank
Toronto, Canada
33
58
$7,616,100
$5,450,200
5
M&T Bank Corp.
Buffalo, NY
23
37
$4,126,700
$4,941,700
6
KeyBank NA
Cleveland, OH
20
16
$11,888,400
$7,332,200
7
Live Oak Banking Co.
Wilmington, NC
16
6
$18,137,000
$15,260,000
8
Berkshire Bank
Pittsfield, MA
12
15
$10,374,500
$4,534,100
9
Savings Bank of Danbury
Danbury
12
6
$4,464,100
$1,180,000
10
Thomaston Savings Bank
Thomaston
8
9
$1,337,000
$1,643,100
11
Celtic Bank Corp.
Salt Lake City, UT
7
8
$13,472,500
$7,741,900
12
Citizens Bank
Providence, R.I.
7
9
$3,395,000
$1,734,000
13
Jewett City Savings Bank
Jewett City
7
4
$701,700
$393,200
14
Newtek Small Business Services
Lake Success, NY
7
19
$8,197,000
$17,142,700
15
Nutmeg State Financial Credit Union Rocky
Hill
7
0
$1,285,800
$0
16
First Bank
Southern Pines, NC
6
1
$3,167,800
$872,000
17
United Midwest Savings Bank
De Graff, OH
6
6
$3,167,000
$840,000
18
Community Investment Corp.
Hamden
5
5
$734,800
$631,500
19
Connecticut Community Bank
Westport
5
6
$1,851,500
$1,699,900
20
Newtown Savings Bank
Newtown
5
10
$4,728,200
$4,376,600
Source: Small business association. Data for calendar years 2019-20.
(1) Has announced that headquarters will move to Stamford after merger with Sterling Bancorp.
(2) Acquired by M&T Bank of Buffalo, NY.
—Compiled by Timothy Doyle.
Top Small Business Administration Lenders
(Ranked by number of 2020 SBA 7(a) loans to Connecticut Businesses)
