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n e w h a v e n b i z . c o m | A p r i l 2 0 2 3 | n e w h a v e n B I Z 23 T h e L i s t Largest in-state banks Ranked by Conn. deposits as of June 30, 2022 ((11)) Rank Bank Total CT deposits (000)/ (2) market share/ (2) CT offices (2) Assets (000)/ (3) net loans and leases (000)/ (3) 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 $71,166,370 $49,171,676 $713,290 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 $6,944,336 $5,012,728 $39,534 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 $2,985,601 $1,752,107 $20,476 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 $3,249,463 $2,646,384 $42,650 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 $1,919,285 $1,357,695 $12,620 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 $2,071,879 $1,397,592 $19,147 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 $2,076,907 $1,549,763 $10,997 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 $1,846,410 $1,130,844 $11,309 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 $1,623,924 $975,517 $10,676 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 $1,572,496 $999,402 $4,923 Anthony A. Joyce III (6) CEO 1854 11 Savings Bank of Danbury 220 Main St., Danbury, CT 06810 203-743-3849; sbdanbury.com $1,219,057 0.68% 16 $1,438,145 $1,101,290 $19,802 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 $1,094,062 $830,153 $4,886 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 $1,048,056 $728,527 $6,323 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 $1,412,946 $1,084,648 -$5,618 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 $1,108,849 $688,287 $3,401 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 $908,945 $589,612 $3,135 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 $1,044,183 $843,217 $7,601 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 $749,050 $529,777 $4,512 George Hermann President & CEO 1935 19 Salisbury Bank and Trust Co. 5 Bissell St, Lakeville, CT 6039 860-435-9801; salisburybank.com $592,247 0.33% 4 $1,541,582 $1,213,671 $17,451 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% 8 $578,073 $318,259 $3,654 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) FDIC updates the deposit market share report annually. (2) Data as of June 30, 2022. (3) Data as of Dec. 31, 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. (6) Succeeded Michael Rauh upon his retirement in January 2023. -Compiled by Heide Martin and Stephanie R. Meagher, research@nebusinessmedia.com