18 Worcester Business Journal | February 21, 2022 | wbjournal.com
Top banks
Ranked by local deposits as of June 30, 2021
Bank
Local deposits/
total deposits
Local branches/
U.S. branches
Assets/
net loans and leases/
net income No. of employees Top local executive
Year
founded
1
Bank of America
306 Turnpike Road, Westborough 01581
508-366-1780 • bankofamerica.com
$7 billion
$2 trillion
27
4,215
$2 trillion
$911 billion
$19 billion
136,283
Edwin Thomas Shea Jr.
market president, Central
Mass.
1904
2
TD Bank
370 Main St., Worcester 01608
508-368-6529 • tdbank.com
$4 billion
$362 billion
22
1,146
$413 billion
$153 billion
$2 billion
24,074
Steve C. Webb
regional president, Southern
New England and Upstate New
York
1852
3
Middlesex Savings Bank
6 Main St., Natick 01760
508-653-0300 • www.middlesexbank.com
$4 billion
$5 billion
26
34
$6 billion
$3 billion
$21 million
506
Michael G. McAuliffe
president & CEO
1835
4
Citizens Bank
34 Main St., Natick 01760
508-653-5100 • www.citizensbank.com
$3 billion
$153 billion
27
973
$187 billion
$125 billion
$2 billion
17,179
Bruce Van Saun
chairman & CEO
2005
5
Santander Bank
446 Main St., Worcester 01608
508-890-6810 • www.santanderbank.com
$3 billion
$78 billion
26
539
$97 billion
$53 billion
$449 million
8,409
Timothy H. Wennes
president & CEO Santander
Bank, N.A.
1907
6
UniBank for Savings
49 Church St., Whitinsville 01588
508-234-8112 • www.unibank.com
$2 billion
$2 billion
14
14
$3 billion
$1 billion
$6 million
263
Michael W. Welch
CEO
1870
7
Berkshire Bank
303 Turnpike Road, Westborough 01581
508-366-4750 • www.berkshirebank.com
$2 billion
$11 billion
14
119
$12 billion
$7 billion
$74 million
1,333
Nitin Mhatre
CEO
1846
8
Avidia Bank
42 Main St., Hudson 01749
978-562-2222 • www.avidiabank.com
$2 billion
$2 billion
10
10
$2 billion
$2 billion
$14 million
256
Mark R. O'Connell
president & CEO
1869
9
People's United Bank (1)
120 Front St., Worcester 01608
508-890-5199 • www.peoples.com
$1 billion
$53 billion
8
417
$63 billion
$39 billion
$478 million
5,419
Patrick J. Sullivan
president, Mass.
1988
10
Cornerstone Bank
230 Park Ave., Worcester 01609
508-421-8070 • www.cornerstonebank.com
$1 billion
$1 billion
13
13
$1 billion
$1 billion
$6 million
168
Todd R. Tallman
CEO
1871
11
Main Street Bank
81 Granger Blvd., Marlborough 01752
508-481-8300 • www.bankmainstreet.com
$1 billion
$1 billion
12
12
$1 billion
$916 million
$7 million
174
Walter J. Dwyer IV
CEO
1860
12
Fidelity Bank
9 Leominster Blvd., Leominster 01453
978-345-4331 • www.fidelitybankonline.com
$1 billion
$1 billion
14
15
$1 billion
$862 million
$10 million
158
Edward F. Manzi Jr.,
Jr.
chairman & CEO
1888
13
Rockland Trust Co.
58 Main St., Franklin 02038
508-520-3958 • www.rocklandtrust.com
$881 million
$12 billion
9
98
$15 billion
$9 billion
$122 million
1,335
Christopher Oddleifson
CEO
1907
14
Webster Five Cents Savings Bank
136 Thompson Road, Webster 01570
800-696-9401 • www.web5.com
$873 million
$873 million
7
7
$1 billion
$728 million
$6 million
145
Donald F. Doyle
president & CEO
1868
15
bankHometown
31 Sutton Ave., Oxford 01540
508-987-1200 • www.hometowncoop.com
$814 million
$1 billion
11
16
$1 billion
$740 million
$6 million
149
Robert J. Morton
president and CEO
1889
Source: FDIC data, bank websites, and news reports. Deposits and branches data are as of June 30, 2021. Other data are as of Sept. 30, 2021. Note: Local deposits are deposits attributable to offices in
Worcester County and Metro West.
(1) People's United Bank is in the process of being acquired by M & T Bank of Buffalo, NY.
-Compiled by: Timothy Doyle, tdoyle@nebusinessmedia.com
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