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8 Worcester Business Journal | Book of Lists 2022 | wbjournal.com F O C U S B A N K I N G & F I N A N C E Top banks Ranked by local deposits as of June 30, 2021 ((11)) Bank Local deposits/ total deposits Local branches/ U.S. branches Companywide assets/ net loans and leases/ net income Companywide employees Top local executive Year founded 1 Bank of America 306 Turnpike Road, Westborough 01581 508-366-1780 • www.bankofamerica.com $7.1 billion $1.9 trillion 27 4,215 $2.5 trillion $981 billion $5.8 billion 134,978 Edwin Thomas Shea Jr. market president, Central Mass. 1904 2 TD Bank 370 Main St., Worcester 01608 508-368-6529 • www.tdbank.com $4.1 billion $362.2 billion 22 1,146 $417.4 billion $153.3 billion $744.6 million 24,791 Steve C. Webb regional president, Southern New England and Upstate New York 1852 3 Middlesex Savings Bank 6 Main St., Natick 01760 877-463-6287 • www.middlesexbank.com $3.8 billion $5.2 billion 26 34 $6 billion $3.1 billion $2.2 million 487 Michael G. McAuliffe president, chairman & CEO 1835 4 Citizens Bank 34 Main St., Natick 01760 508-653-5100 • www.citizensbank.com $2.8 billion $153.4 billion 27 973 $191.9 billion $131.3 billion $449.9 million 17,477 Bruce Van Saun chairman & CEO 2005 5 Santander Bank 446 Main St., Worcester 01608 508-890-6810 • www.santanderbank.com $2.6 billion $78 billion 26 539 $95.9 billion $52.3 billion $137 million 8,537 Timothy H. Wennes president & CEO 1907 6 UniBank for Savings 49 Church St., Whitinsville 01588 508-234-8112 • www.unibank.com $2.2 billion $2.2 billion 14 14 $2.4 billion $1.6 billion $3.5 million 256 Michael W. Welch CEO 1870 7 Berkshire Bank 303 Turnpike Road, Westborough 01581 508-366-4750 • www.berkshirebank.com $2 billion $10.7 billion 14 119 $12.1 billion $7.2 billion $21.6 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 $2.4 billion $1.6 billion $2.6 million 263 Mark R. O'Connell president & CEO 1869 9 People's United Bank, now M&T Bank (2) 120 Front St., Worcester 01608 508-890-5199 • www.peoples.com $1.2 billion $53 billion 8 417 $149.5 billion $90.3 billion $339.2 million 16,766 Patrick J. Sullivan area executive, New England & senior executive VP, M&T Bank 1988 10 Cornerstone Bank 230 Park Ave., Worcester 01609 508-421-8070 • www.cornerstonebank.com $1.2 billion $1.2 billion 13 13 $1.5 billion $1.1 billion $1.1 million 169 Todd R. Tallman CEO 1871 11 Main Street Bank 81 Granger Blvd., Marlborough 01752 508-481-8300 • www.bankmainstreet.com $1.1 billion $1.1 billion 12 12 $1.4 billion $962.1 million $2.2 million 157 Walter J. Dwyer IV CEO 1860 12 Fidelity Bank 9 Leominster Blvd., Leominster 01453 978-345-4331 • www.fidelitybankonline.com $1 billion $1.1 billion 14 15 $1.3 billion $935.7 million $2.1 million 151 Edward F. Manzi Jr. chairman & CEO 1888 13 Rockland Trust Co. 58 Main St., Franklin 02038 508-520-3958 • www.rocklandtrust.com $880.7 million $12.1 billion 9 98 $20.2 billion $13.4 billion $53.8 million 1,594 Christopher Oddleifson CEO 1907 14 Webster Five Cents Savings Bank 136 Thompson Road, Webster 01570 800-696-9401 • www.web5.com $873.3 million $873.3 million 7 7 $1.1 billion $732.2 million $1.7 million 135 Donald F. Doyle president & CEO 1868 15 bankHometown 31 Sutton Ave., Oxford 01540 508-987-1200 • www.bankhometown.com $813.9 million $1.1 billion 11 16 $1.4 billion $816.6 million $2.3 million 154 Robert J. Morton president & CEO 1889 16 MutualOne Bank 828 Concord St., Framingham 01701 508-820-4000 • www.mutualone.com $797.4 million $797.4 million 3 3 $1 billion $831.9 million $3.9 million 89 Mark R. Haranas president & CEO 1889 In Worcester County, Cornerstone Bank provided $99-million in Paycheck Protection Program loans as part of the U.S. Small Business Administration's effort to stabilize the economy during the COVID-19 pandemic. At $99 million, Cornerstone wrote the second-most PPP loans for businesses in the county, following UniBank's $107 million. In October, UniBank launched a charitable foundation, seeding it with $2 million, to supplement the approximately $750,000 in planned annual community giving. Mark O'Connell, Avidia's president and CEO, plans to retire in May after 35 years with the bank. Webster Five in September sold its former office on A Street in Auburn for $2 million, fol- lowing its moving corpo- rate offices to Millbury Street in Auburn and con- solidating 100 staff members from its offices in Auburn, Webster, and Worcester. In May, Bank of America raised the minimum wage for its employees to $22 per hour, including at its 27 branches in Central Massachusetts. Pictured is Edwin Shea, market president for Central Massachusetts.