Issue link: https://nebusinessmedia.uberflip.com/i/1465380
32 HARTFORDBUSINESS.COM | APRIL 25, 2022 Top Small Business Administration lenders Ranked by number of FY 2021 loans to Connecticut businesses Lender Number of loans 2021 Number of loans 2020 % change number of loans Amount loaned in 2021 Amount loaned in 2020 % change amount of loans 1 Webster Bank, National Association Waterbury, CT 112 65 72% $43,682,900 $12,269,900 256% 2 TD Bank Glastonbury, CT 58 35 66% $12,746,400 $6,614,100 93% 3 Liberty Bank Middletown, CT 56 30 87% $10,932,900 $4,458,100 145% 4 People's United Bank, National Association (1) Bridgeport, CT 40 52 -23% $6,522,800 $9,054,600 -28% 5 KeyBank NA Stamford, CT 39 14 179% $16,385,500 $6,866,400 139% 6 M&T Bank Corp. (1) Buffalo, NY 34 22 55% $10,871,000 $3,228,200 237% 7 Thomaston Savings Bank Thomaston, CT 21 12 75% $7,635,100 $1,844,100 314% 8 Berkshire Bank West Hartford, CT 18 12 50% $20,538,000 $9,822,500 109% 9 Newtek Small Business Services Lake Success, NY 18 11 64% $17,609,400 $9,020,000 95% 10 Live Oak Banking Co. Wilmingotn, NC 16 11 45% $14,268,000 $13,322,000 7% 11 Citizens Bank Providence, RI 9 9 0% $6,497,500 $2,916,000 123% 12 United Midwest Savings Bank De Graff, OH 9 8 13% $1,350,000 $3,467,000 -61% 13 Community Investment Corp. Hamden, CT 9 4 125% $1,289,100 $598,300 115% 14 Celtic Bank Corp. Salt Lake City, UT, UT 8 7 14% $9,013,400 $10,980,000 -18% 15 Connecticut Community Bank, National Association Westport, CT 8 5 60% $3,843,600 $1,092,200 252% 16 Jewett City Savings Bank Jewett City, CT 8 10 -20% $2,932,500 $1,068,700 174% 17 Savings Bank of Danbury Danbury, CT 8 9 -11% $1,895,000 $839,100 126% 18 Wells Fargo Hartford, CT 8 8 0% $1,303,500 $1,775,000 -27% 19 Northwest Community Bank Winsted, CT 6 2 200% $2,493,500 $1,650,000 51% 20 Bank of America Hartford, CT 6 3 100% $1,935,100 $2,042,500 -5% 21 Cadence Bank Atlanta, GA 6 2 200% $1,383,000 $525,000 163% 22 Ion Bank Naugatuck, CT 5 0 0% $5,335,000 $0 0% 23 Readycap Lending Berkeley, NJ 5 2 150% $4,497,600 $2,403,000 87% 24 First County Bank Stamford, CT 5 1 400% $1,755,000 $300,000 485% 25 Newtown Savings Bank Newtown, CT 5 2 150% $1,405,000 $3,523,200 -60% 26 JP Morgan Chase Bank Greenwich, CT 5 5 0% $1,016,000 $1,364,200 -26% 27 The Torrington Savings Bank Torrington, CT 5 0 0% $966,000 $0 0% Source: Small Business Administration data. Includes exclusively 7(a) loans. (1) Buffalo's M&T Bank announced it had completed its acquisition of People's United Bank on April 2, 2022. -Compiled by Timothy Doyle, tdoyle@nebusinessmedia.com Top Small Business Administration lenders Ranked by number of FY 2021 loans to Connecticut businesses Lender Number of loans 2021 Number of loans 2020 % change number of loans Amount loaned in 2021 Amount loaned in 2020 % change amount of loans 1 Webster Bank, National Association Waterbury, CT 112 65 72% $43,682,900 $12,269,900 256% 2 TD Bank Glastonbury, CT 58 35 66% $12,746,400 $6,614,100 93% 3 Liberty Bank Middletown, CT 56 30 87% $10,932,900 $4,458,100 145% 4 People's United Bank, National Association (1) Bridgeport, CT 40 52 -23% $6,522,800 $9,054,600 -28% 5 KeyBank NA Stamford, CT 39 14 179% $16,385,500 $6,866,400 139% 6 M&T Bank Corp. (1) Buffalo, NY 34 22 55% $10,871,000 $3,228,200 237% 7 Thomaston Savings Bank Thomaston, CT 21 12 75% $7,635,100 $1,844,100 314% 8 Berkshire Bank West Hartford, CT 18 12 50% $20,538,000 $9,822,500 109% 9 Newtek Small Business Services Lake Success, NY 18 11 64% $17,609,400 $9,020,000 95% 10 Live Oak Banking Co. Wilmingotn, NC 16 11 45% $14,268,000 $13,322,000 7% 11 Citizens Bank Providence, RI 9 9 0% $6,497,500 $2,916,000 123% 12 United Midwest Savings Bank De Graff, OH 9 8 13% $1,350,000 $3,467,000 -61% 13 Community Investment Corp. Hamden, CT 9 4 125% $1,289,100 $598,300 115% 14 Celtic Bank Corp. Salt Lake City, UT, UT 8 7 14% $9,013,400 $10,980,000 -18% 15 Connecticut Community Bank, National Association Westport, CT 8 5 60% $3,843,600 $1,092,200 252% 16 Jewett City Savings Bank Jewett City, CT 8 10 -20% $2,932,500 $1,068,700 174% 17 Savings Bank of Danbury Danbury, CT 8 9 -11% $1,895,000 $839,100 126% 18 Wells Fargo Hartford, CT 8 8 0% $1,303,500 $1,775,000 -27% 19 Northwest Community Bank Winsted, CT 6 2 200% $2,493,500 $1,650,000 51% 20 Bank of America Hartford, CT 6 3 100% $1,935,100 $2,042,500 -5% 21 Cadence Bank Atlanta, GA 6 2 200% $1,383,000 $525,000 163% 22 Ion Bank Naugatuck, CT 5 0 0% $5,335,000 $0 0% 23 Readycap Lending Berkeley, NJ 5 2 150% $4,497,600 $2,403,000 87% 24 First County Bank Stamford, CT 5 1 400% $1,755,000 $300,000 485% 25 Newtown Savings Bank Newtown, CT 5 2 150% $1,405,000 $3,523,200 -60% 26 JP Morgan Chase Bank Greenwich, CT 5 5 0% $1,016,000 $1,364,200 -26% 27 The Torrington Savings Bank Torrington, CT 5 0 0% $966,000 $0 0% Source: Small Business Administration data. Includes exclusively 7(a) loans. (1) Buffalo's M&T Bank announced it had completed its acquisition of People's United Bank on April 2, 2022. -Compiled by Timothy Doyle, tdoyle@nebusinessmedia.com Top Small Business Administration lenders Ranked by number of FY 2021 loans to Connecticut businesses Lender Number of loans 2021 Number of loans 2020 % change number of loans Amount loaned in 2021 Amount loaned in 2020 % change amount of loans 1 Webster Bank, National Association Waterbury, CT 112 65 72% $43,682,900 $12,269,900 256% 2 TD Bank Glastonbury, CT 58 35 66% $12,746,400 $6,614,100 93% 3 Liberty Bank Middletown, CT 56 30 87% $10,932,900 $4,458,100 145% 4 People's United Bank, National Association (1) Bridgeport, CT 40 52 -23% $6,522,800 $9,054,600 -28% 5 KeyBank NA Stamford, CT 39 14 179% $16,385,500 $6,866,400 139% 6 M&T Bank Corp. (1) Buffalo, NY 34 22 55% $10,871,000 $3,228,200 237% 7 Thomaston Savings Bank Thomaston, CT 21 12 75% $7,635,100 $1,844,100 314% 8 Berkshire Bank West Hartford, CT 18 12 50% $20,538,000 $9,822,500 109% 9 Newtek Small Business Services Lake Success, NY 18 11 64% $17,609,400 $9,020,000 95% 10 Live Oak Banking Co. Wilmingotn, NC 16 11 45% $14,268,000 $13,322,000 7% 11 Citizens Bank Providence, RI 9 9 0% $6,497,500 $2,916,000 123% 12 United Midwest Savings Bank De Graff, OH 9 8 13% $1,350,000 $3,467,000 -61% 13 Community Investment Corp. Hamden, CT 9 4 125% $1,289,100 $598,300 115% 14 Celtic Bank Corp. Salt Lake City, UT, UT 8 7 14% $9,013,400 $10,980,000 -18% 15 Connecticut Community Bank, National Association Westport, CT 8 5 60% $3,843,600 $1,092,200 252% 16 Jewett City Savings Bank Jewett City, CT 8 10 -20% $2,932,500 $1,068,700 174% 17 Savings Bank of Danbury Danbury, CT 8 9 -11% $1,895,000 $839,100 126% 18 Wells Fargo Hartford, CT 8 8 0% $1,303,500 $1,775,000 -27% 19 Northwest Community Bank Winsted, CT 6 2 200% $2,493,500 $1,650,000 51% 20 Bank of America Hartford, CT 6 3 100% $1,935,100 $2,042,500 -5% 21 Cadence Bank Atlanta, GA 6 2 200% $1,383,000 $525,000 163% 22 Ion Bank Naugatuck, CT 5 0 0% $5,335,000 $0 0% 23 Readycap Lending Berkeley, NJ 5 2 150% $4,497,600 $2,403,000 87% 24 First County Bank Stamford, CT 5 1 400% $1,755,000 $300,000 485% 25 Newtown Savings Bank Newtown, CT 5 2 150% $1,405,000 $3,523,200 -60% 26 JP Morgan Chase Bank Greenwich, CT 5 5 0% $1,016,000 $1,364,200 -26% 27 The Torrington Savings Bank Torrington, CT 5 0 0% $966,000 $0 0% Source: Small Business Administration data. Includes exclusively 7(a) loans. (1) Buffalo's M&T Bank announced it had completed its acquisition of People's United Bank on April 2, 2022. -Compiled by Timothy Doyle, tdoyle@nebusinessmedia.com