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wbjournal.com | Book of Lists 2022 | Worcester Business Journal 9 F O C U S B A N K I N G & F I N A N C E F O C U S 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 17 Rollstone Bank & Trust 780 Main St., Fitchburg 01420 978-345-1061 • www.rollstonebank.com $721.6 million $721.6 million 8 8 $824.3 million $540.8 million $229,000 103 Martin F. Connors Jr. president & CEO 1846 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 17 Rollstone Bank & Trust 780 Main St., Fitchburg 01420 978-345-1061 • www.rollstonebank.com $721.6 million $721.6 million 8 8 $824.3 million $540.8 million $229,000 103 Martin F. Connors Jr. president & CEO 1846 18 Clinton Savings Bank 200 Church St., Clinton 01510 978-365-3700 • www.clintonsavings.com $538.6 million $538.6 million 8 8 $654.2 million $437.3 million $408,000 101 Robert J. Paulhus Jr. president & CEO 1851 19 Savers Bank 270 Main St., Southbridge 01550 508-764-4329 • www.saversbank.com $516.8 million $516.8 million 7 7 $696.3 million $463.2 million $737,000 88 Rosemary A. Picard president & CEO 1910 20 Athol Savings Bank 388 Main St., Athol 01331 978-249-3200 • www.atholsb.com $462.7 million $462.7 million 6 6 $552.6 million $331.3 million -$299,000 78 Daniel Zona president & CEO 1867 21 Enterprise Bank & Trust Co. 65 Main St., Leominster 01453 978-656-5689 • www.enterprisebanking.com $429.7 million $4 billion 3 26 $4.5 billion $2.9 billion $11.1 million 540 John Clancy Jr. CEO 1989 22 Bay State Savings Bank 28 Franklin St., Worcester 01608 508-890-9000 • www.baystatesavings.com $426.2 million $426.2 million 7 7 $514.8 million $396.8 million $443,000 77 Peter B. Alden president & CEO 1895 23 Dean Bank 21 Main St., Franklin 02038 508-528-0088 • www.deanbank.com $388.3 million $388.3 million 4 4 $446.6 million $285.2 million $690,000 71 Kevin R. Goffe president & CEO 1889 24 Milford Federal Bank 246 Main St., Milford 01757 508-634-2500 • www.milfordfederal.com $345.7 million $386.5 million 3 4 $463.2 million $381.8 million $288,000 75 Paul Gilbody president & CEO 1937 25 Country Bank 278 Park Ave., Worcester 01609 800-322-8233 • www.countrybank.com $332.6 million $1.4 billion 5 14 $1.7 billion $1.1 billion $2.5 million 202 Paul F. Scully president & CEO 1850 26 Needham Bank 41 Front St., Ashland 01721 508-881-1088 • www.needhambank.com $297.5 million $1.4 billion 2 11 $2.9 billion $2.3 billion $4.3 million 266 Joseph Campanelli president & CEO 1892 27 Charles River Bank 70 Main St., Medway 02053 508-533-8661 • www.charlesriverbank.com $287.7 million $287.7 million 4 4 $336 million $202.6 million $222,000 48 Derek Plourde president & CEO 1915 28 North Brookfield Savings Bank 9 Gilbert St., North Brookfield 01535 508-867-7443 • www.northbrookfieldsavingsbank.com $220.2 million $302.9 million 4 8 $354.1 million $223.9 million $164,000 67 Marco F. Bernasconi Jr. president & CEO 1854 29 The Village Bank 62 Boston Post Road, Wayland 01778 617-969-4300 • www.village-bank.com $169.1 million $1.5 billion 1 9 $1.7 billion $1.2 billion $3.4 million 132 Joseph A. De Vito president & CEO 1910 30 Northern Bank & Trust 265 Great Road, Littleton 01460 978-486-3543 • www.nbtc.com $144.8 million $2.2 billion 3 14 $2.8 billion $2.3 billion $16.9 million 229 James J. Mawn president & CEO 1960 Sources: Federal Deposit Insurance Corp. data, bank websites and news reports. Note: Local deposits are deposits attributable to offices in Worcester County and MetroWest. (1) Data for deposits and branches as of June 30, 2021. Other data as of March 31, 2022. (2) People's United Bank was acquired by M&T Bank of Buffalo, N.Y. in April. Deposits and branches are for People's United Bank as of June 30, 2021. All other data for M&T as of March 31, 2022. -Compiled by: Timothy Doyle Bay State Savings Bank was founded in 1895 when 114 residents used $7,660 to establish a new savings bank in Worcester. Pictured is President & CEO Peter Alden. Savers Bank President CEO Rosemary Picard, who started in May 2020, was the first woman leader in the company's history, and Savers is the largest Central Massachusetts bank with a female CEO. Country Bank will open its new Worcester branch at 638 Chandler St. on July 18. The branch is Country Bank's sixth full-service location in Worcester County. In February, Charles River Bank purchased the land at its Mendon office on 1 Hastings St. for $1.9 million, according to the Worcester South District Registry of Deeds. The bank designed and constructed the 7,300-square-foot Mendon branch and professional office space, which is leased to local businesses, in 2009. Marco Bernasconi (pictured) became North Brookfield Savings Bank's leader in April 2021, taking over for Donna Boulanger, who led the bank she worked at for 13 years.