Issue link: https://nebusinessmedia.uberflip.com/i/1492817
wbjournal.com | February 20, 2023 | Worcester Business Journal 17 800-696-9401 • web5.com $6.4 million 15 bankHometown 31 Sutton Ave., Oxford 01540 508-987-1200 • bankhometown.com $880.3 million $1.2 billion 11 16 $1.4 billion $819.1 million $8.8 million 149 Robert J. Morton president & CEO 1889 16 MutualOne Bank 828 Concord St., Framingham 01701 508-820-4000 • mutualone.com $803.6 million $803.6 million 3 3 $1.1 billion $964.6 million $12.7 million 88 Mark R. Haranas president & CEO 1889 17 Rollstone Bank & Trust 780 Main St., Fitchburg 01420 978-345-1061 • rollstonebank.com $723.1 million $723.1 million 8 8 $881 million $614.9 million $177,000 102 Martin F. Connors Jr. president & CEO 1846 18 Clinton Savings Bank 200 Church St., Clinton 01510 978-365-3700 • clintonsavings.com $570 million $570 million 8 8 $659.4 million $470.6 million $1.5 million 97 Robert J. Paulhus Jr. president & CEO 1851 19 Savers Bank 270 Main St., Southbridge 01550 508-764-4329 • saversbank.com $554.3 million $554.3 million 7 7 $670.9 million $496.5 million $3.4 million 80 Rosemary A. Picard president & CEO 1910 20 Athol Savings Bank 388 Main St., Athol 01331 978-249-3200 • atholsb.com $496.5 million $496.5 million 5 5 $563.4 million $354 million -$1.6 million 74 Daniel Zona president & CEO 1867 21 Bay State Savings Bank 28 Franklin St., Worcester 01608 508-890-9000 • baystatesavings.com $460 million $460 million 7 7 $497 million $406.5 million $1.8 million 79 Peter B. Alden president & CEO 1895 22 Enterprise Bank & Trust Co. 65 Main St., Leominster 01453 978-656-5689 • enterprisebanking.com $451.7 million $4 billion 3 27 $4.5 billion $3.1 billion $32.6 million 559 John Clancy Jr. CEO 1989 23 Dean Bank 21 Main St., Franklin 02038 508-528-0088 • deanbank.com $415.6 million $415.6 million 4 4 $436.6 million $291.2 million $2.5 million 71 Kevin R. Goffe president & CEO 1889 24 Country Bank 278 Park Ave., Worcester 01609 800-322-8233 • countrybank.com $362.4 million $1.4 billion 5 13 $1.7 billion $1.2 billion $9.5 million 203 Paul F. Scully president & CEO 1850 25 Milford Federal Bank 246 Main St., Milford 01757 508-634-2500 • milfordfederal.com $357.5 million $396.4 million 3 4 $465.8 million $396.5 million $1.6 million 65 Paul Gilbody president & CEO 1937 26 Charles River Bank 70 Main St., Medway 02053 508-533-8661 • charlesriverbank.com $307.2 million $307.2 million 4 4 $326.9 million $215 million $1 million 50 Derek Plourde president & CEO 1915 27 Needham Bank 41 Front St., Ashland 01721 508-881-1088 • needhambank.com $295.6 million $2.7 billion 3 12 $3.3 billion $2.7 billion $18 million 304 Joseph Campanelli president & CEO 1892 28 North Brookfield Savings Bank 9 Gilbert St., North Brookfield 01535 508-867-7443 • northbrookfieldsavingsbank.com $229 million $317.8 million 4 8 $362.5 million $237.2 million $815,000 62 Marco F. Bernasconi Jr. president & CEO 1854 29 The Village Bank 62 Boston Post Road, Wayland 01778 617-969-4300 • village-bank.com $163.2 million $1.5 billion 1 9 $1.8 billion $1.4 billion $11.5 million 135 Joseph A. De Vito president & CEO 1910 30 Northern Bank & Trust 265 Great Road, Littleton 01460 978-486-3543 • nbtc.com $155 million $2.3 billion 3 15 $2.8 billion $2.4 billion $51.2 million 231 James J. Mawn president & CEO 1960 Sources: Federal Deposit Insurance Corp., bank websites and press releases. Note: Local deposits are deposits attributable to offices in Worcester County and MetroWest. (1) Deposits and branches are from June 30, 2022; other data as of Sept. 30, 2022. (2) Cumulative for the three quarters ending Sept. 30, 2022 (3) Announced plans to retire in May 2023 (4) People's United Bank was acquired by M&T Bank of Buffalo, N.Y. in April. 2022. (5) Succeeded Christopher Oddleifson upon his retirement on Feb. 6, 2023 -Compiled by: Stephanie R. Meagher, smeagher@nebusinessmedia.com W E ' V E H E L P E D C L I E N T S S A V E O V E R $ 1 B I N T A X E S T H I S Y E A R . Let Us Help You Save BIG on Taxes! Employee Retention Tax Credits R&D Tax Credits Cost Segregation Business Valuations w w w . J E C - L L C . c o m Top banks Ranked by local deposits as of June 30, 2022 ((11)) Bank Local deposits/ total deposits Local branches/ U.S. branches Companywide assets/ net loans and leases/ net income (2) Companywide employees Top local executive Year founded 1 Bank of America 306 Turnpike Road, Westborough 01581 508-366-1780 • bankofamerica.com $8 billion $2 trillion 23 3,905 $2.4 trillion $1 trillion $19.2 billion 135,411 Edwin Thomas Shea Jr. market president, Central Mass. 1904 2 TD Bank 370 Main St., Worcester 01608 508-368-6529 • tdbank.com $4.1 billion $356.4 billion 22 1,162 $394.3 billion $160.8 billion $3.1 billion 26,024 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 • middlesexbank.com $3.9 billion $5.3 billion 25 33 $6.2 billion $3.4 billion $17.6 million 494 Michael G. McAuliffe president, chairman & CEO 1835 4 Citizens Bank 34 Main St., Natick 01760 508-653-5100 • citizensbank.com $3.2 billion $181.6 billion 27 1,167 $224.5 billion $156.2 billion $1.5 billion 18,844 Bruce Van Saun chairman & CEO 2005 5 Santander Bank 446 Main St., Worcester 01608 508-890-6810 • santanderbank.com $2.9 billion $71.9 billion 26 482 $96.5 billion $56.1 billion $268.4 million 7,547 Timothy H. Wennes president & CEO 1907 6 Berkshire Bank 303 Turnpike Road, Westborough 01581 508-366-4750 • berkshirebank.com $2.7 billion $10.3 billion 15 107 $11.3 billion $7.9 billion $67.7 million 1,300 Nitin Mhatre CEO 1846 7 Avidia Bank 42 Main St., Hudson 01749 978-562-2222 • avidiabank.com $2.2 billion $2.2 billion 10 10 $2.4 billion $1.8 billion $5.6 million 261 Mark R. O'Connell (3) president & CEO 1869 8 UniBank for Savings 49 Church St., Whitinsville 01588 508-234-8112 • unibank.com $2.1 billion $2.1 billion 14 14 $2.4 billion $1.8 billion $13.2 million 281 Michael W. Welch CEO 1870 9 M&T Bank (4) 120 Front St., Worcester 01608 508-890-5199 • mtb.com $1.3 billion $173.1 billion 7 1,076 $197.7 billion $126.3 billion $1.2 billion 22,115 Patrick J. Sullivan area executive, New England & senior executive VP, M&T Bank 1856 10 Cornerstone Bank 230 Park Ave., Worcester 01609 508-421-8070 • cornerstonebank.com $1.2 billion $1.2 billion 11 11 $1.4 billion $1.2 billion $5.6 million 171 Todd R. Tallman CEO 1871 11 Main Street Bank 81 Granger Blvd., Marlborough 01752 508-481-8300 • bankmainstreet.com $1.2 billion $1.2 billion 10 10 $1.4 billion $1.1 billion $7.4 million 173 Walter J. Dwyer IV CEO 1860 12 Fidelity Bank 9 Leominster Blvd., Leominster 01453 978-345-4331 • fidelitybankonline.com $1.1 billion $1.1 billion 13 14 $1.4 billion $1.1 billion $6 million 151 Edward F. Manzi Jr. chairman & CEO 1888 13 Rockland Trust Co. 58 Main St., Franklin 02038 508-520-3958 • rocklandtrust.com $1 billion $16.8 billion 12 125 $19.7 billion $13.6 billion $189.9 million 1,673 Jeffrey J. Tengel (5) CEO 1907 14 Webster Five Cents Savings Bank 136 Thompson Road, Webster 01570 800-696-9401 • web5.com $933.5 million $933.5 million 7 7 $1.1 billion $789.7 million $6.4 million 140 Donald F. Doyle president & CEO 1868 15 bankHometown 31 Sutton Ave., Oxford 01540 508-987-1200 • bankhometown.com $880.3 million $1.2 billion 11 16 $1.4 billion $819.1 million $8.8 million 149 Robert J. Morton president & CEO 1889 16 MutualOne Bank 828 Concord St., Framingham 01701 508-820-4000 • mutualone.com $803.6 million $803.6 million 3 3 $1.1 billion $964.6 million $12.7 million 88 Mark R. Haranas president & CEO 1889 17 Rollstone Bank & Trust 780 Main St., Fitchburg 01420 978-345-1061 • rollstonebank.com $723.1 million $723.1 million 8 8 $881 million $614.9 million $177,000 102 Martin F. Connors Jr. president & CEO 1846 18 Clinton Savings Bank 200 Church St., Clinton 01510 978-365-3700 • clintonsavings.com $570 million $570 million 8 8 $659.4 million $470.6 million $1.5 million 97 Robert J. Paulhus Jr. president & CEO 1851 19 Savers Bank 270 Main St., Southbridge 01550 508-764-4329 • saversbank.com $554.3 million $554.3 million 7 7 $670.9 million $496.5 million $3.4 million 80 Rosemary A. Picard president & CEO 1910 20 Athol Savings Bank 388 Main St., Athol 01331 978-249-3200 • atholsb.com $496.5 million $496.5 million 5 5 $563.4 million $354 million -$1.6 million 74 Daniel Zona president & CEO 1867 21 Bay State Savings Bank 28 Franklin St., Worcester 01608 508-890-9000 • baystatesavings.com $460 million $460 million 7 7 $497 million $406.5 million $1.8 million 79 Peter B. Alden president & CEO 1895 22 Enterprise Bank & Trust Co. 65 Main St., Leominster 01453 978-656-5689 • enterprisebanking.com $451.7 million $4 billion 3 27 $4.5 billion $3.1 billion $32.6 million 559 John Clancy Jr. CEO 1989 B A N K I N G & F I N A N C E F O C U S