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HARTFORDBUSINESS.COM | DECEMBER 27, 2021
FINANCE
Largest in-state banks
(Ranked by deposits as of June 30, 2021)
Largest in-state banks
(Ranked by deposits as of June 30, 2021)
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
203-338-7171; www.peoples.com
$28,747,873
16.10%
173
$63,075,224
$41,001,860
$331,211
John P. Barnes
CEO
1842
2
Webster Bank (2)
137 Bank St.
Waterbury, CT 06702
203-578-2200; public.websteronline.com
$25,311,409
14.17%
96
$33,737,378
$21,171,391
$229,685
John R. Ciulla
President & CEO
1870
3
Liberty Bank
315 Main St.
Middletown, CT 06457
888-570-0773; www.liberty-bank.com
$5,895,456
3.30%
59
$7,285,967
$4,122,628
$38,341
David W. Glidden
President & CEO
1825
4
Union Savings Bank
226 Main St.
Danbury, CT 06810
866-872-1866; www.unionsavings.com
$2,444,600
1.37%
26
$2,962,906
$1,777,503
$8,786
Cynthia C. Merkle
President & CEO
1866
5
Bankwell Bank
208 Elm St.
New Canaan, CT 06480
203-972-3838; mybankwell.com
$1,947,473
1.09%
13
$2,266,902
$1,719,274
$14,056
Christopher Gruseke
CEO
2002
6
First County Bank
117 Prospect St.
Stamford, CT 06901
203-462-4400; www.firstcountybank.com
$1,615,521
0.90%
17
$2,013,572
$1,321,376
$6,806
Robert J. Granata
Chairman & CEO
1851
7
Fairfield County Bank
150 Danbury Road
Ridgefield, CT 06877
877-431-7431; www.fairfieldcountybank.com
$1,545,884
0.87%
16
$1,896,731
$1,278,208
$8,979
David A. Schneider
CEO
1871
8
ion Bank
251 Church St.
Naugatuck, CT 06770
877-729-4442; ionbank.com
$1,526,455
0.85%
21
$1,772,063
$1,187,664
$7,656
David J. Rotatori
President & CEO
1870
9
Thomaston Savings Bank
203 Main St.
Thomaston, CT 06787
855-344-1874; thomastonsavingsbank.com
$1,353,325
0.76%
14
$1,512,362
$901,780
$7,131
Stephen L. Lewis
President & CEO
1874
10
Newtown Savings Bank
39 Main St.
Newtown, CT 06470
203-426-2563; www.nsbonline.com
$1,344,143
0.75%
18
$1,616,385
$954,427
$4,852
Kenneth L. Weinstein
President & CEO
1855
11
Chelsea Groton Bank
1 Franklin Square
Norwich, CT 06360
860-823-4912; www.chelseagroton.com
$1,247,577
0.70%
14
$1,532,364
$990,214
$9,360
B. Michael Rauh Jr.
President & CEO
1854
12
Savings Bank of Danbury
220 Main St.
Danbury, CT 06810
203-743-3849; sbdanbury.com
$1,135,675
0.64%
15
$1,356,053
$1,036,953
$7,727
Martin G. Morgado
President & CEO
1849
13
Northwest Community Bank
86 Main St.
Winsted, CT 06098
860-379-7561; www.nwcommunitybank.com
$886,020
0.50%
15
$984,555
$680,034
$2,685
Stephen P. Reilly
President & CEO
1875
14
Guilford Savings Bank
1 Park St.
Guilford, CT 06437
203-453-2721; www.gsb-yourbank.com
$859,299
0.48%
7
$1,007,378
$677,336
$4,648
Timothy P. Geelan
President & CEO
1875
15
Fieldpoint Private Bank & Trust
100 Field Point Road
Greenwich, CT 06830
203-413-9300; www.fieldpointprivate.com
$821,861
0.46%
1
$1,150,725
$889,614
$1,262
Timothy Tully
Executive chairman
2008
16
Dime Bank
290 Salem Turnpike
Norwich, CT 06360
860-859-4300; dime-bank.com
$817,385
0.46%
12
$1,069,362
$612,896
$4,649
Nicholas Caplanson
President & CEO
1869
17
Torrington Savings Bank
129 Main St.
Torrington, CT 06790
860-496-2152; torringtonsavings.com
$766,072
0.43%
8
$946,892
$517,039
$4,676
Lesa A. Vanotti
President & CEO
1868
18
Patriot Bank
999 Bedford St.
Stamford, CT 06905
203-251-7200; bankpatriot.com
$716,982
0.40%
8
$962,807
$663,170
$2,606
Robert G. Russell, Jr.
President & CEO
1994
19
Windsor Federal Savings & Loan
250 Broad St.
Windsor, CT 06095
860-688-8511; www.windsorfederal.com
$623,321
0.35%
12
$707,426
$464,202
$1,910
George Hermann
President & CEO
1935
20
Connecticut Community Bank
1495 Post Road East
Westport, CT 06880
203-319-6260; www.ccbankonline.com
$586,269
0.33%
9
$641,905
$396,181
$1,467
David W. Tralka
President & CEO
1998
Source: Federal Deposit Insurance Corp.
Notes: All data as of June 30, 2021.
(1)
People's United Bank is in the process of being acquired by M&T Bank of Buffalo, New York. The deal is expected to close in the fourth quarter of 2021.
(2) Webster Bank parent company Webster Financial Corp. is in the process of merging with Sterling Bancorp in a $10.3 billion deal. After the deal is completed, Webster will move its headquarters to Stamford.
—Compiled by Timothy Doyle.
