Hartford Business Journal Special Editions

2023 BOOK OF LISTS | HARTFORDBUSINESS.COM 17 F I N A N C E LARGEST OUT-OF-STATE BANKS IN CONNECTICUT Ranked by Conn. deposits as of June 30, 2022 Largest out-of-state banks in Connecticut Ranked by Conn. deposits as of June 30, 2022 Rank Bank Conn. deposits (000) 2022/ 2021/ 2020 % market share 2022/ 2021/ 2020 Conn. of total U.S. of Parent company/ parent headquarters 1 Bank of America NA 30 State House Square, Hartford, CT 06103 800-432-1000; bankofamerica.com $44,720,763 $43,911,838 $40,429,756 24.97% 24.60% 24.78% 90 3,869 Bank of America Corp. Charlotte, N.C. 2 Manufacturers & Traders Trust Co. (M&T Bank) 850 Main St., Bridgeport, CT 06604 800-724-2440; mtb.com $24,802,646 $289,219 $297,678 13.85% 0.16% 0.18% 169 1,094 M&T Bank Corp. (1) Buffalo, N.Y. 3 JPMorgan Chase Bank 111 W. Putnam Ave., Greenwich, CT 06830 203-861-7379; chase.com $10,144,100 $8,731,168 $7,227,692 5.66% 4.89% 4.43% 54 5,845 JP Morgan Chase & Co. New York, N.Y. 4 Wells Fargo Bank NA 205 Church St., New Haven, CT 06510 800-869-3557; wellsfargo.com $9,846,406 $9,811,556 $9,088,286 5.50% 5.50% 5.57% 57 4,767 Wells Fargo & Co. San Francisco, Calif. 5 TD Bank 2461 Main St., Glastonbury, CT 06033 860-652-6507; tdbank.com $9,814,007 $9,419,069 $8,009,374 5.48% 5.28% 4.91% 57 1,165 Toronto Dominion (TD) Bank Toronto, Canada 6 Keybank NA 195 Church St., New Haven, CT 06510 800-539-2968; key.com $5,374,016 $4,904,199 $5,069,024 3.00% 2.75% 3.11% 49 1,009 Key Corp. Cleveland, Ohio 7 Citibank 16 Railroad Ave., Greenwich, CT 06830 800-627-3999; citibank.com $5,300,000 $6,517,000 $6,071,000 2.96% 3.65% 3.72% 12 674 Citigroup Inc. New York, N.Y. 8 Citizens Bank 39 Church St., New Haven, CT 06510 860-928-7921; citizensbank.com $3,512,121 $3,563,010 $3,194,807 1.96% 2.00% 1.96% 33 1,172 Citizens Financial Group Inc. Providence, R.I. 9 Signature Bank 75 Holly Hill Lane, Greenwich, CT 06830 203-769-7040; signatureny.com $2,151,416 $1,451,597 $974,742 1.20% 0.81% 0.60% 1 40 Signature Bank New York, N.Y. 10 Santander Bank 1010 Farmington Ave., West Hartford, CT 06107 860-570-3121; santanderbank.com $1,893,661 $1,985,200 $2,003,314 1.06% 1.11% 1.23% 17 480 Banco Santander SA Madrid, Spain 11 Berkshire Bank 927 Farmington Ave., West Hartford, CT 06107 860-231-8148; berkshirebank.com $1,407,746 $1,425,490 $1,460,423 0.79% 0.80% 0.90% 21 104 Berkshire Hills Bancorp Inc. Boston, Mass. 12 First Republic Bank 93 Mason St., Greenwich, CT 06830 203-422-0818; epublic.com $943,158 $907,669 $649,535 0.53% 0.51% 0.40% 1 88 First Republic Bank San Francisco, Calif. 13 Northern Trust Co. 165 Mason St., Greenwich, CT 06830 203-863-1400; northerntrust.com $463,815 $548,393 $338,155 0.26% 0.31% 0.21% 1 65 Northern Trust Corp. Chicago, Ill. 14 PeoplesBank 30 Bridge St., Suf CT 06078 860-901-8267; bankatpeoples.com $402,078 $332,702 $278,102 0.22% 0.19% 0.17% 3 19 Peoplesbancorp MHC Holyoke, Mass. 15 Centreville Bank (2) 40 Main St., Putnam, CT 06260 800.377.4424; centrevillebank.com $387,946 $410,262 $420,924 0.22% 0.23% 0.26% 8 17 Centreville Bank West Warwick, R.I. 16 bankHometown 182 Main St., Putnam, CT 06260 888-307-5887; bankhometown.com $341,776 $324,297 $289,652 0.19% 0.18% 0.18% 5 16 Hometown Financial Group MHC Easthampton, Mass. 17 BNY Mellon NA 10 Mason St., Greenwich, CT 06830 203-487-5758; bnymellon.com $302,000 $338,000 $434,000 0.17% 0.19% 0.27% 2 33 Bank of New York Mellon Corp. New York, N.Y. 18 W 47 Palomba Drive, CT 06082 413-564-2608; $174,222 $129,821 $105,466 0.10% 0.07% 0.06% 4 27 Western New England Bancorp Inc. W 19 Washington Trust Co. of Westerly 45 Clara Drive, Mystic, CT 06355 860-572-2058; washtrust.com $81,717 $72,305 $64,167 0.05% 0.04% 0.04% 2 27 Washington Trust Bancorp Inc. Westerly, R.I. 20 NBT Bank (3) 2670 Main St., Glastonbury, CT 06033 860-494-2345; nbtbank.com $36,894 $6,888 N/A 0.02% N/A N/A 2 142 NBT BCorp. Inc. Norwich, N.Y. Source: Federal Deposit Insurance Corp. Note: All data as of June 30, 2022 except number of Conn. and U.S. of ess denotes branch with the highest deposits in Conn. per June 30, 2022 report. N/A = Not available or not applicable. (1) On April 2, 2022, Buffalo, New York's M&T Bank announced it had completed its acquisition of People's United Bank. (2) Acquired Putnam Bank on May 1, 2020. (3) On Dec. 5, NBT Bank announced it reached an agreement to merge with Salisbury Bancorp Inc., parent company of Lakeville-based Salisbury Bank, in a deal valued at $204 million. Salisbury Bank has $1.51 billion in assets. -Compiled by Heide Martin, hmartin@nebusinessmedia.com Largest out-of-state banks in Connecticut Ranked by Conn. deposits as of June 30, 2022 Rank Bank Conn. deposits (000) 2022/ 2021/ 2020 % market share 2022/ 2021/ 2020 Conn. of total U.S. of Parent company/ parent headquarters 1 Bank of America NA 30 State House Square, Hartford, CT 06103 800-432-1000; bankofamerica.com $44,720,763 $43,911,838 $40,429,756 24.97% 24.60% 24.78% 90 3,869 Bank of America Corp. Charlotte, N.C. 2 Manufacturers & Traders Trust Co. (M&T Bank) 850 Main St., Bridgeport, CT 06604 800-724-2440; mtb.com $24,802,646 $289,219 $297,678 13.85% 0.16% 0.18% 169 1,094 M&T Bank Corp. (1) Buffalo, N.Y. 3 JPMorgan Chase Bank 111 W. Putnam Ave., Greenwich, CT 06830 203-861-7379; chase.com $10,144,100 $8,731,168 $7,227,692 5.66% 4.89% 4.43% 54 5,845 JP Morgan Chase & Co. New York, N.Y. 4 Wells Fargo Bank NA 205 Church St., New Haven, CT 06510 800-869-3557; wellsfargo.com $9,846,406 $9,811,556 $9,088,286 5.50% 5.50% 5.57% 57 4,767 Wells Fargo & Co. San Francisco, Calif. 5 TD Bank 2461 Main St., Glastonbury, CT 06033 860-652-6507; tdbank.com $9,814,007 $9,419,069 $8,009,374 5.48% 5.28% 4.91% 57 1,165 Toronto Dominion (TD) Bank Toronto, Canada 6 Keybank NA 195 Church St., New Haven, CT 06510 800-539-2968; key.com $5,374,016 $4,904,199 $5,069,024 3.00% 2.75% 3.11% 49 1,009 Key Corp. Cleveland, Ohio 7 Citibank 16 Railroad Ave., Greenwich, CT 06830 800-627-3999; citibank.com $5,300,000 $6,517,000 $6,071,000 2.96% 3.65% 3.72% 12 674 Citigroup Inc. New York, N.Y. 8 Citizens Bank 39 Church St., New Haven, CT 06510 860-928-7921; citizensbank.com $3,512,121 $3,563,010 $3,194,807 1.96% 2.00% 1.96% 33 1,172 Citizens Financial Group Inc. Providence, R.I. 9 Signature Bank 75 Holly Hill Lane, Greenwich, CT 06830 203-769-7040; signatureny.com $2,151,416 $1,451,597 $974,742 1.20% 0.81% 0.60% 1 40 Signature Bank New York, N.Y. 10 Santander Bank 1010 Farmington Ave., West Hartford, CT 06107 860-570-3121; santanderbank.com $1,893,661 $1,985,200 $2,003,314 1.06% 1.11% 1.23% 17 480 Banco Santander SA Madrid, Spain 11 Berkshire Bank 927 Farmington Ave., West Hartford, CT 06107 860-231-8148; berkshirebank.com $1,407,746 $1,425,490 $1,460,423 0.79% 0.80% 0.90% 21 104 Berkshire Hills Bancorp Inc. Boston, Mass. 12 First Republic Bank 93 Mason St., Greenwich, CT 06830 203-422-0818; epublic.com $943,158 $907,669 $649,535 0.53% 0.51% 0.40% 1 88 First Republic Bank San Francisco, Calif. 13 Northern Trust Co. 165 Mason St., Greenwich, CT 06830 203-863-1400; northerntrust.com $463,815 $548,393 $338,155 0.26% 0.31% 0.21% 1 65 Northern Trust Corp. Chicago, Ill. 14 PeoplesBank 30 Bridge St., Suf CT 06078 860-901-8267; bankatpeoples.com $402,078 $332,702 $278,102 0.22% 0.19% 0.17% 3 19 Peoplesbancorp MHC Holyoke, Mass. 15 Centreville Bank (2) 40 Main St., Putnam, CT 06260 800.377.4424; centrevillebank.com $387,946 $410,262 $420,924 0.22% 0.23% 0.26% 8 17 Centreville Bank West Warwick, R.I. 16 bankHometown 182 Main St., Putnam, CT 06260 888-307-5887; bankhometown.com $341,776 $324,297 $289,652 0.19% 0.18% 0.18% 5 16 Hometown Financial Group MHC Easthampton, Mass. 17 BNY Mellon NA 10 Mason St., Greenwich, CT 06830 203-487-5758; bnymellon.com $302,000 $338,000 $434,000 0.17% 0.19% 0.27% 2 33 Bank of New York Mellon Corp. New York, N.Y. 18 W 47 Palomba Drive, CT 06082 413-564-2608; $174,222 $129,821 $105,466 0.10% 0.07% 0.06% 4 27 Western New England Bancorp Inc. W 19 Washington Trust Co. of Westerly 45 Clara Drive, Mystic, CT 06355 860-572-2058; washtrust.com $81,717 $72,305 $64,167 0.05% 0.04% 0.04% 2 27 Washington Trust Bancorp Inc. Westerly, R.I. 20 NBT Bank (3) 2670 Main St., Glastonbury, CT 06033 860-494-2345; nbtbank.com $36,894 $6,888 N/A 0.02% N/A N/A 2 142 NBT BCorp. Inc. Norwich, N.Y. Source: Federal Deposit Insurance Corp. Note: All data as of June 30, 2022 except number of Conn. and U.S. of ess denotes branch with the highest deposits in Conn. per June 30, 2022 report. N/A = Not available or not applicable. (1) On April 2, 2022, Buffalo, New York's M&T Bank announced it had completed its acquisition of People's United Bank. (2) Acquired Putnam Bank on May 1, 2020. (3) On Dec. 5, NBT Bank announced it reached an agreement to merge with Salisbury Bancorp Inc., parent company of Lakeville-based Salisbury Bank, in a deal valued at $204 million. Salisbury Bank has $1.51 billion in assets. -Compiled by Heide Martin, hmartin@nebusinessmedia.com Largest out-of-state banks in Connecticut Ranked by Conn. deposits as of June 30, 2022 Rank Bank Conn. deposits (000) 2022/ 2021/ 2020 % market share 2022/ 2021/ 2020 Conn. of total U.S. of Parent company/ parent headquarters 1 Bank of America NA 30 State House Square, Hartford, CT 06103 800-432-1000; bankofamerica.com $44,720,763 $43,911,838 $40,429,756 24.97% 24.60% 24.78% 90 3,869 Bank of America Corp. Charlotte, N.C. 2 Manufacturers & Traders Trust Co. (M&T Bank) 850 Main St., Bridgeport, CT 06604 800-724-2440; mtb.com $24,802,646 $289,219 $297,678 13.85% 0.16% 0.18% 169 1,094 M&T Bank Corp. (1) Buffalo, N.Y. 3 JPMorgan Chase Bank 111 W. Putnam Ave., Greenwich, CT 06830 203-861-7379; chase.com $10,144,100 $8,731,168 $7,227,692 5.66% 4.89% 4.43% 54 5,845 JP Morgan Chase & Co. New York, N.Y. 4 Wells Fargo Bank NA 205 Church St., New Haven, CT 06510 800-869-3557; wellsfargo.com $9,846,406 $9,811,556 $9,088,286 5.50% 5.50% 5.57% 57 4,767 Wells Fargo & Co. San Francisco, Calif. 5 TD Bank 2461 Main St., Glastonbury, CT 06033 860-652-6507; tdbank.com $9,814,007 $9,419,069 $8,009,374 5.48% 5.28% 4.91% 57 1,165 Toronto Dominion (TD) Bank Toronto, Canada 6 Keybank NA 195 Church St., New Haven, CT 06510 800-539-2968; key.com $5,374,016 $4,904,199 $5,069,024 3.00% 2.75% 3.11% 49 1,009 Key Corp. Cleveland, Ohio 7 Citibank 16 Railroad Ave., Greenwich, CT 06830 800-627-3999; citibank.com $5,300,000 $6,517,000 $6,071,000 2.96% 3.65% 3.72% 12 674 Citigroup Inc. New York, N.Y. 8 Citizens Bank 39 Church St., New Haven, CT 06510 860-928-7921; citizensbank.com $3,512,121 $3,563,010 $3,194,807 1.96% 2.00% 1.96% 33 1,172 Citizens Financial Group Inc. Providence, R.I. 9 Signature Bank 75 Holly Hill Lane, Greenwich, CT 06830 203-769-7040; signatureny.com $2,151,416 $1,451,597 $974,742 1.20% 0.81% 0.60% 1 40 Signature Bank New York, N.Y. 10 Santander Bank 1010 Farmington Ave., West Hartford, CT 06107 860-570-3121; santanderbank.com $1,893,661 $1,985,200 $2,003,314 1.06% 1.11% 1.23% 17 480 Banco Santander SA Madrid, Spain 11 Berkshire Bank 927 Farmington Ave., West Hartford, CT 06107 860-231-8148; berkshirebank.com $1,407,746 $1,425,490 $1,460,423 0.79% 0.80% 0.90% 21 104 Berkshire Hills Bancorp Inc. Boston, Mass. 12 First Republic Bank 93 Mason St., Greenwich, CT 06830 203-422-0818; epublic.com $943,158 $907,669 $649,535 0.53% 0.51% 0.40% 1 88 First Republic Bank San Francisco, Calif. 13 Northern Trust Co. 165 Mason St., Greenwich, CT 06830 203-863-1400; northerntrust.com $463,815 $548,393 $338,155 0.26% 0.31% 0.21% 1 65 Northern Trust Corp. Chicago, Ill. 14 PeoplesBank 30 Bridge St., Suf CT 06078 860-901-8267; bankatpeoples.com $402,078 $332,702 $278,102 0.22% 0.19% 0.17% 3 19 Peoplesbancorp MHC Holyoke, Mass. 15 Centreville Bank (2) 40 Main St., Putnam, CT 06260 800.377.4424; centrevillebank.com $387,946 $410,262 $420,924 0.22% 0.23% 0.26% 8 17 Centreville Bank West Warwick, R.I. 16 bankHometown 182 Main St., Putnam, CT 06260 888-307-5887; bankhometown.com $341,776 $324,297 $289,652 0.19% 0.18% 0.18% 5 16 Hometown Financial Group MHC Easthampton, Mass. 17 BNY Mellon NA 10 Mason St., Greenwich, CT 06830 203-487-5758; bnymellon.com $302,000 $338,000 $434,000 0.17% 0.19% 0.27% 2 33 Bank of New York Mellon Corp. New York, N.Y. 18 W 47 Palomba Drive, CT 06082 413-564-2608; $174,222 $129,821 $105,466 0.10% 0.07% 0.06% 4 27 Western New England Bancorp Inc. W 19 Washington Trust Co. of Westerly 45 Clara Drive, Mystic, CT 06355 860-572-2058; washtrust.com $81,717 $72,305 $64,167 0.05% 0.04% 0.04% 2 27 Washington Trust Bancorp Inc. Westerly, R.I. 20 NBT Bank (3) 2670 Main St., Glastonbury, CT 06033 860-494-2345; nbtbank.com $36,894 $6,888 N/A 0.02% N/A N/A 2 142 NBT BCorp. Inc. Norwich, N.Y. Source: Federal Deposit Insurance Corp. Note: All data as of June 30, 2022 except number of Conn. and U.S. of ess denotes branch with the highest deposits in Conn. per June 30, 2022 report. N/A = Not available or not applicable. (1) On April 2, 2022, Buffalo, New York's M&T Bank announced it had completed its acquisition of People's United Bank. (2) Acquired Putnam Bank on May 1, 2020. (3) On Dec. 5, NBT Bank announced it reached an agreement to merge with Salisbury Bancorp Inc., parent company of Lakeville-based Salisbury Bank, in a deal valued at $204 million. Salisbury Bank has $1.51 billion in assets. -Compiled by Heide Martin, hmartin@nebusinessmedia.com

• Cover