n e w h a v e n b i z . c o m
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B o o k o f L i s t s 2 0 2 2
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n e w h a v e n B I Z 19
2 0 2 2 B o o k o f L i s t s - F I N A N C E
Largest SBA lenders
Ranked by number of FY 2022 loans to Connecticut businesses
Rank Lender
No. of loans 2022/
no. of loans 2021 % change number of loans
Amount loaned in 2022/
amount loaned in 2021 % change amount of loans
1
Webster Bank NA (1)
1959 Summer St.
Stamford, CT 06905
203-969-1853; websteronline.com
166
111
50%
$43,893,900
$43,652,900
1%
2
M&T Bank Corp. (2)
850 Main St.
Bridgeport, CT 06604
203-338-7001; mtb.com
70
73
(3)
-4%
$9,396,400
$17,353,800
(3)
-46%
3
TD Bank
2461 Main St.
Glastonbury, CT 06033
860-652-6507; tdbank.com
58
53
9%
$9,387,800
$12,621,400
-26%
4
KeyBank NA
225 Trumbull St.
Hartford, CT 06103
860-240-2626; key.com
35
39
-10%
$4,582,700
$16,385,500
-72%
5
Liberty Bank
315 Main St.
Middletown, CT 06457
888-570-0773; liberty-bank.com
33
56
-41%
$6,630,000
$10,932,900
-39%
6
Newtek Small Business Services
1981 Marcus Ave.
Lake Success, NY 11042
N/A
21
18
17%
$13,767,500
$17,609,400
-22%
7
Celtic Bank Corp.
268 South State St., Suite 300
Salt Lake City, UT 84111
800-509-6191; celticbank.com
12
7
71%
$15,959,300
$7,807,400
104%
8
Readycap Lending
200 Connell Drive
Berkeley Heights, NJ 07922
800-453-3548; readycapital.com
12
5
140%
$3,946,000
$4,497,600
-12%
9
Live Oak Banking Co.
1757 Tiburon Drive
Wilmingotn, NC 28403
866-518-0286; liveoakbank.com
11
15
-27%
$12,510,000
$14,118,000
-11%
10
Huntington National Bank
17 South High St.
Columbus, OH 43215
614-480-4293; huntington.com
10
0
0%
$1,581,200
$0
0%
11
Savings Bank of Danbury
220 Main St.
Danbury, CT 06810
203-743-3849; sbdanbury.com
9
8
13%
$4,019,600
$1,895,000
112%
12
Santander Bank NA
824 North Market St., Suite 100
Wilmington, DE 19801
302-654-5182; santanderbank.com
9
0
0%
$433,000
$0
0%
13
First County Bank
117 Prospect St.
Stamford, CT 06901
203-462-4400; firstcountybank.com
8
5
60%
$6,147,800
$1,755,000
250%
14
Berkshire Bank
927 Farmington Ave.
West Hartford, CT 06107
860-231-8148; berkshirebank.com
7
18
-61%
$4,816,400
$20,538,000
-77%
15
Community Investment Corp.
2315 Whitney Ave.
Hamden, CT 06518
203-776-6172; ciclending.com
6
9
-33%
$997,500
$1,289,100
-23%
16
Connecticut Community Bank
1111 Post Road East
Westport, CT 06880
203-319-6260; ccbankonline.com
5
8
-38%
$2,550,000
$3,843,600
-34%
17
Cadence Bank
201 South Spring St.
Tupelo, MS 38804
662-680-2000; cadencebank.com
5
4
25%
$1,218,000
$775,000
57%
18
Jewett City Savings Bank
111 Main St.
Jewett City, CT 6351
860-376-4444; jcsbank.com
5
8
-38%
$785,000
$2,932,500
-73%
19
Five Star Bank
3100 Zinfandel Drive, Suite 650
Rancho Cordova, CA 95670
877-226-5578; five-starbank.com
4
1
300%
$1,265,000
$350,000
261%
20
Bank of America NA
30 State House Square
Hartford, CT 06103
800-432-1000; bankofamerica.com
4
6
-33%
$900,000
$1,935,100
-53%
21
Wells Fargo NA
30 State House Square
Hartford, CT 06103
860-522-7464; wellsfargo.com
4
8
-50%
$59,900
$1,303,500
-95%
Source: U.S. Small Business Administration. Notes: Data includes exclusively 7(a) loans for fiscal year ending Sept. 30, 2022. Loans that have been canceled are not included on this list.
(1) On Feb. 1, 2022, Webster Financial Corp., parent company of Webster Bank, completed its acquisition of Sterling Bancorp. Webster Bank moved its headquarters from Waterbury to Stamford.
(2) On April 2, 2022, Buffalo, New York's M&T Bank announced it had completed its acquisition of People's United Bank.
(3) U.S. Small Business Administration now cites loans issued by People's United Bank under M&T Bank Corp; in fiscal year 2021, HBJ reported that People's United Bank issued 40 loans totaling $6,552,800.
-Compiled by Heide Martin
