28 HARTFORDBUSINESS.COM | March 6, 2023
The Lists
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)/
(1)
market share/ (1)
CT offices (1)
Assets (000)/ (2)
net loans and leases (000)/ (2)
net income (000) (3) Top executive Year established
1
Webster Bank NA (4)
1959 Summer St.,
Stamford, CT 06905
203-969-1853; websteronline.com
$25,931,112
14.48%
96
$68,950,802
$47,250,448
$456,381
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
$7,291,246
$4,762,826
$2,825
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
$3,100,588
$1,768,401
$16,009
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
$2,720,050
$2,263,431
$33,111
Christopher Gruseke
CEO
2002
5
Fairfield County Bank
150 Danbury Road,
Ridgefield, CT 06877
877-431-7431; fairfieldcountybank.com
$1,691,757
0.94%
16
$1,923,978
$1,313,009
$10,781
David A. Schneider
CEO
1871
6
Ion Bank (5)
251 Church St.,
Naugatuck, CT 06770
203-729-4442; ionbank.com
$1,609,899
0.90%
20
$2,111,820
$1,359,892
$7,446
David J. Rotatori
President & CEO
1870
7
First County Bank
117 Prospect St.,
Stamford, CT 06901
203-462-4400; firstcountybank.com
$1,570,222
0.88%
15
$2,047,897
$1,512,703
$8,138
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
$1,925,820
$996,003
$5,804
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
$1,581,021
$940,190
$3,208
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
$1,600,324
$965,080
-$2,431
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
$1,419,014
$1,061,148
$11,004
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
$1,091,476
$825,672
$2,761
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
$1,050,279
$701,932
$3,310
Timothy P. Geelan
President & CEO
1875
14
Fieldpoint Private Bank & Trust
100 Field Point Road,
Greenwich, CT 06830
203-413-9300; fieldpointprivate.com
$863,938
0.48%
1
$1,351,475
$1,025,219
-$391
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
$1,082,608
$665,277
$2,265
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
$927,822
$581,661
$156
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
$1,058,743
$861,666
$5,446
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
$735,092
$511,572
$3,021
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
$1,512,117
$1,176,493
$12,670
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%
$619,094
$320,080
$1,346
David W. Tralka
President & CEO
1998
Source: Federal Deposit Insurance Corp. Note: Bridgeport-based People's United Financial Inc. was acquired by M&T Bank Corp. of Buffalo, N.Y. on April 2, 2022.
(1) Data as of June 30, 2022.
(2) Data as of Sept. 30, 2022.
(3) Cumulative for the three quarters ending Sept. 30, 2022.
(4) 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.
(5) 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 and Stephanie R. Meagher, research@nebusinessmedia.com
