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HARTFORDBUSINESS.COM | DECEMBER 27, 2021
FINANCE
Largest out-of-state banks in Connecticut
(Ranked by Conn. deposits as of June 30, 2021)
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; centrevillebank.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) (2)
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
Capital 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, 2021 report.
(1)
Acquired Putnam Bank effective May 1, 2020.
(2) M&T Bank of Buffalo, New York, is in the process of acquiring People's United Bank. The deal is expected to close in the fourth quarter of 2021.
—Compiled by Timothy Doyle.
