2023 BOOK OF LISTS | HARTFORDBUSINESS.COM 19
F I N A N C E
LARGEST IN-STATE BANKS
Ranked by Conn. deposits as of June 30, 2022
Largest in-state banks
Ranked by Conn. deposits as of June 30, 2022
Rank Bank
Total CT deposits (000)/
market share/
CT of
Assets (000)/
net loans and leases (000)/
net income (000) Top executive Date established
1
Webster Bank NA (1)
1959 Summer St.
Stamford, CT 06905
203-969-1853; websteronline.com
$25,931,112
14.48%
96
$67,468,299
$45,075,632
$213,802
John R. Ciulla
President & CEO
1870
2
Liberty Bank
315 Main St.
Middletown, CT 06457
888-570-0773; liberty-bank.com
$6,120,350
3.42%
53
$7,360,608
$4,556,395
-$11,074
David W. Glidden
President & CEO
1825
3
Union Savings Bank
226 Main St.
Danbury, CT 06810
866-872-1866; unionsavings.com
$2,506,313
1.40%
26
$3,060,587
$1,743,559
$10,501
Cynthia C. Merkle
President & CEO
1866
4
Bankwell Bank
156 Cherry St.
New Canaan, CT 06840
203-966-7080; mybankwell.com
$2,040,221
1.14%
9
$2,432,649
$2,036,626
$22,520
Christopher Gruseke
CEO
2002
5
F
150 Danbury Road
CT 06877
877-431-7431
$1,691,757
0.94%
16
$2,015,578
$1,235,308
$1,235,308
David A. Schneider
CEO
1871
6
Ion Bank (2)
251 Church St.
Naugatuck, CT 06770
203-729-4442; ionbank.com
$1,609,899
0.90%
20
$1,841,212
$1,167,925
$3,703
David J. Rotatori
President & CEO
1870
7
First County Bank
117 Prospect St.
Stamford, CT 06901
203-462-4400
$1,570,222
0.88%
15
$1,928,379
$1,352,035
$5,740
Robert J. Granata
Chairman & CEO
1851
8
Newtown Savings Bank
39 Main St.
Newtown, CT 06470
800-461-0672; nsbonline.com
$1,556,619
0.87%
14
$1,828,014
$924,581
$2,787
Kenneth L. Weinstein
President & CEO
1855
9
Thomaston Savings Bank
203 Main St.
Thomaston, CT 06787
855-344-1874; thomastonsavingsbank.com
$1,464,148
0.82%
14
$1,583,298
$885,799
$1,128
Stephen L. Lewis
President & CEO
1874
10
Chelsea Groton Bank
904 Poquonnock Road
Groton, CT 06340
860-448-4252; chelseagroton.com
$1,305,718
0.73%
14
$1,565,939
$939,912
-$3,836
B. Michael Rauh Jr.
President & CEO
1854
11
Savings Bank of Danbury
220 Main St.
Danbury, CT 06810
203-743-3849; sbdanbury.com
$1,219,057
0.68%
16
$1,454,658
$1,019,194
$6,730
Martin G. Morgado
President & CEO
1849
12
Northwest Community Bank
86 Main St.
Winsted, CT 06098
860-379-7561; nwcommunitybank.com
$922,807
0.52%
15
$1,043,518
$762,632
$2,037
Stephen P. Reilly
President
1875
13
Guilford Savings Bank
1 Park St.
Guilford, CT 06437
203-453-2721; gsb-yourbank.com
$912,516
0.51%
8
$1,044,525
$685,855
$2,207
Timothy P. Geelan
President & CEO
1875
14
Fieldpoint Private Bank & Trust
100 Field Point Road
Greenwich, CT 06830
203-413-9300
$863,938
0.48%
1
$1,361,348
$984,401
$490
H. Russell Holland
President & CEO
2008
15
Dime Bank
290 Salem Turnpike
Norwich, CT 06360
860-859-4300; dime-bank.com
$859,317
0.48%
12
$1,080,151
$657,957
$1,085
Nicholas Caplanson
President & CEO
1869
16
Torrington Savings Bank
129 Main St.
Torrington, CT 06790
860-496-2152; torringtonsavings.bank
$806,227
0.45%
8
$981,484
$570,689
-$1,618
Lesa A. Vanotti
President & CEO
1868
17
Patriot Bank
999 Bedford St.
Stamford, CT 06905
203-251-7200; bankpatriot.com
$799,038
0.45%
8
$1,048,932
$856,734
$2,749
Robert G. Russell Jr.
President & CEO
1994
18
Windsor Federal Savings & Loan
250 Broad St.
Windsor, CT 06095
860-688-8511; windsorfederal.com
$681,008
0.38%
9
$752,489
$501,756
$1,719
George Hermann
President & CEO
1935
19
Salisbury Bank and Trust Company
5 Bissell St
Lakeville, CT 6039
860-435-9801; salisburybank.com
$592,247
0.33%
4
$1,495,866
$1,135,758
$8,026
Richard J. Cantele Jr.
President & CEO
1874
20
Connecticut Community Bank
605 West Ave.
Norwalk, CT 06850
203-854-9244; ccbankonline.com
$578,148
0.32%
$642,697
$316,210
$87
David W. Tralka
President & CEO
1998
Source: Federal Deposit Insurance Corp. Notes: All data as of June 30, 2022 except number of Conn. of
ed by M&T Bank Corp. of Buffalo, N.Y.
on April 2, 2022.
(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 July 13, 2022, Ion Financial MHC, parent company of Ion Bank, announced that it has entered into an agreement with Cheshire-based BCI Financial to acquire its assets.
-Compiled by Heide Martin, hmartin@nebusinessmedia.com
