22 n e w h a v e n B I Z
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N o v e m b e r 2 0 2 1
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n e w h a v e n b i z . c o m
T h e L i s t s
Largest Out-Of-State Banks in CT
Largest out-of-state banks in Connecticut
(Ranked by Conn. deposits as of June 30, 2021)
Rank Bank
Conn. deposits (000)
2021/2020/2019
Market share
2021/2020/2019
Conn. offices/
Total US offices
Parent
company/
Headquarters
1
Bank of America
30 State House Square
Hartford, CT 06103
800-432-1000; www.bankofamerica.com
$43,911,838
$40,429,756
$32,073,533
24.59%
24.82%
22.94%
104
4,154
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
$9,904,681
$9,088,286
$7,936,189
5.55%
5.58%
5.68%
61
4,951
Wells Fargo & Co.
San Francisco, Calif.
3
JP Morgan Chase Bank
111 W. Putnam Ave.
Greenwich, CT 06830
203-861-7379; www.chase.com
$8,731,168
$7,227,692
$5,822,228
4.89%
4.44%
4.16%
53
4,942
JP Morgan Chase & Co.
New York, N.Y.
4
Citibank
475 Steamboat Road
Greenwich, CT 06830
203-863-5100; www.citibank.com
$6,517,000
$6,071,000
$5,415,000
3.65%
3.73%
3.87%
13
680
Citigroup Inc.
New York
5
KeyBank
195 Church St.
New Haven, CT 06510
203-789-2781; www.key.com
$4,904,199
$4,816,217
$4,531,504
2.75%
2.96%
3.24%
54
1,045
Key Corp.
Cleveland, Ohio
6
Citizens Bank
39 Church St.
New Haven, CT 06510
203-821-3080; www.citizensbank.com
$3,563,010
$3,194,807
$2,952,841
1.99%
1.96%
2.11%
33
NA
Citizens Financial Group Inc.
Providence, R.I.
7
Santander Bank
1010 Farmington Ave.
West Hartford, CT 06107
860-570-3121; www.santanderbank.com
$1,985,200
$2,003,314
$1,791,832
1.11%
1.23%
1.28%
21
512
Banco Santander SA
Madrid, Spain
8
Signature Bank
75 Holly Hill Lane
Greenwich, CT 06830
866-744-5463; www.signatureny.com
$1,451,597
$974,742
$761,431
0.81%
0.60%
0.54%
1
38
Signature Bank
New York
9
Berkshire Bank
927 Farmington Ave.
West Hartford, CT 06107
860-231-8148; www.berkshirebank.com
$1,425,490
$1,460,423
$1,385,928
0.80%
0.90%
0.99%
22
118
Berkshire Hills Bancorp Inc.
Pittsfield, MA
10
First Republic Bank
93 Mason St.
Greenwich, CT 06830
203-422-0818; www.firstrepublic.com
$907,669
$649,535
$469,583
0.51%
0.40%
0.34%
1
86
First Republic Bank
California
11
Northern Trust Co.
165 Mason St.
Greenwich, CT 06830
203-863-1400; www.northerntrust.com
$548,393
$338,155
$272,324
0.31%
0.21%
0.19%
1
62
Northern Trust Corp.
Illinois
12
Centreville Bank (1)
40 Main St.
Putnam, CT 06260
860-928-6501; putnambank.com
$410,262
$420,924
NA
0.23%
0.26%
NA
8
19
Centreville Bank
West Warwick, RI
13
BNY Mellon
10 Mason St.
Greenwich, CT 06830
203-487-5758; www.bnymellon.com
$338,000
$434,000
$334,000
0.19%
0.27%
0.24%
1
33
The Bank of New York Mellon Corp.
New York
14
PeoplesBank
30 Bridge St.
Suffield, CT 06078
860-668-3950; www.bankatpeoples.com
$332,702
$278,102
$233,895
0.19%
0.17%
0.17%
4
22
Peoplesbancorp MHC
Massachusetts
15
bankHometown
182 Main St.
Putnam, CT 06260
860-753-4500; www.hometowncoop.com
$324,297
$289,652
$225,866
0.18%
0.18%
0.16%
5
16
Hometown Financial Group MHC
Massachusetts
16
Manufacturers & Traders Trust Co. (M&T Bank)
247 Federal Road
Brookfield, CT 06804
203-744-1200; www.mtb.com
$289,219
$297,678
$309,954
0.16%
0.18%
0.22%
9
747
M&T Bank Corp.
New York
17
Westfield Bank
47 Palomba Drive
Enfield, CT 06082
860-265-3919; www.westfieldbank.com
$129,821
$105,466
$80,203
0.07%
0.06%
0.06%
4
27
Western New England Bancorp Inc.
Massachusetts
18
The Washington Trust Co. of Westerly
1266 East Main St.
Stamford, CT 06902
$72,305
NA
NA
0.04%
NA
NA
2
26
Washington Trust Bankcorp
Westerly, RI
19
Capitol One
100 First Stamford Place
Stamford, CT 06902
203-481-3471; www.capitalone.com
$7,797
$5,189
$153,696
0.00%
0.00%
0.11%
1
337
Capitol One Financial Corp.
McLean, Va.
20
NBT Bank
2670 Main St.
Glastonbury, CT 06033
$6,888
NA
NA
0.00%
NA
NA
2
142
NBT Bank, NA
Norwich, NY
Source: Federal Deposit Insurance Corp. website: www.fdic.gov. Notes: Listed address denotes branch with the highest deposits in Conn. per June 30, 2020 report.
(1)
Acquired Putnam Bank effective May 1, 2020.
—Compiled by Timothy Doyle.
Ranked by deposits as of June 30, 2021
