Issue link: https://nebusinessmedia.uberflip.com/i/1498970
HARTFORDBUSINESS.COM | | MAY 15, 2023 33 THE LISTS Bring Clarity to Your Business Communication Tell Your Story More Effectively WORDS are the catalyst for ACTION Largest SBA lenders Ranked by number of FY 2022 loans to Connecticut businesses Rank Lender No. of loans 2022/ no. of loans 2021 % change number of loans Amount loaned in 2022/ amount loaned in 2021 % change amount of loans 1 Webster Bank NA (1) 1959 Summer St. Stamford, CT 06905 203-969-1853; public.websteronline.com 166 111 50% $43,893,900 $43,652,900 1% 2 M&T Bank Corp. (2) 850 Main St. Bridgeport, CT 06604 203-338-7001; mtb.com 70 73 (3) -4% $9,396,400 $17,353,800 (3) -46% 3 TD Bank 2461 Main St. Glastonbury, CT 06033 860-652-6507; tdbank.com 58 53 9% $9,387,800 $12,621,400 -26% 4 KeyBank NA 225 Trumbull St. Hartford, CT 06103 860-240-2626; key.com 35 39 -10% $4,582,700 $16,385,500 -72% 5 Liberty Bank 315 Main St. Middletown, CT 06457 888-570-0773; liberty-bank.com 33 56 -41% $6,630,000 $10,932,900 -39% 6 Newtek Small Business Services 4800 T-Rex Ave., Suite 120 Boca Raton, FL 33431 800-749-8707; newtekone.com 21 18 17% $13,767,500 $17,609,400 -22% 7 Celtic Bank Corp. 268 South State St., Suite 300 Salt Lake City, UT 84111 800-509-6191; celticbank.com 12 7 71% $15,959,300 $7,807,400 104% 8 Readycap Lending 200 Connell Drive Berkeley Heights, NJ 07922 800-453-3548; readycapital.com 12 5 140% $3,946,000 $4,497,600 -12% 9 Live Oak Banking Co. 1757 Tiburon Drive Wilmington, NC 28403 866-518-0286; liveoakbank.com 11 15 -27% $12,510,000 $14,118,000 -11% 10 Huntington National Bank 17 South High St. Columbus, OH 43215 614-480-4293; huntington.com 10 0 0% $1,581,200 $0 0% 11 Savings Bank of Danbury 220 Main St. Danbury, CT 06810 203-743-3849; sbdanbury.com 9 8 13% $4,019,600 $1,895,000 112% 12 Santander Bank NA 824 North Market St., Suite 100 Wilmington, DE 19801 302-654-5182; santanderbank.com 9 0 0% $433,000 $0 0% 13 First County Bank 117 Prospect St. Stamford, CT 06901 203-462-4400; firstcountybank.com 8 5 60% $6,147,800 $1,755,000 250% 14 Berkshire Bank 927 Farmington Ave. West Hartford, CT 06107 860-231-8148; berkshirebank.com 7 18 -61% $4,816,400 $20,538,000 -77% 15 Community Investment Corp. 2315 Whitney Ave. Hamden, CT 06518 203-776-6172; ciclending.com 6 9 -33% $997,500 $1,289,100 -23% 16 Connecticut Community Bank 605 West Ave. Norwalk, CT 06850 203-854-9244; ccbankonline.com 5 8 -38% $2,550,000 $3,843,600 -34% 17 Cadence Bank 201 South Spring St. Tupelo, MS 38804 662-680-2000; cadencebank.com 5 4 25% $1,218,000 $775,000 57% 18 Jewett City Savings Bank 111 Main St. Jewett City, CT 6351 860-376-4444; jcsbank.com 5 8 -38% $785,000 $2,932,500 -73% 19 Five Star Bank 220 Liberty St., P.O. Box 227 Warsaw, NY 14569 877-226-5578; five-starbank.com 4 1 300% $1,265,000 $350,000 261% 20 Bank of America NA 30 State House Square Hartford, CT 06103 800-432-1000; bankofamerica.com 4 6 -33% $900,000 $1,935,100 -53% 21 Wells Fargo Bank NA 205 Church St. New Haven, CT 06510 800-869-3557; wellsfargo.com 4 8 -50% $59,900 $1,303,500 -95% Source: U.S. Small Business Administration. Notes: Data includes exclusively 7(a) loans for fiscal year ending Sept. 30, 2022. Loans that have been canceled are not included on this list. (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 April 2, 2022, Buffalo, New York's M&T Bank announced it had completed its acquisition of People's United Bank. (3) U.S. Small Business Administration now cites loans issued by People's United Bank under M&T Bank Corp; in fiscal year 2021, Hartford Business Journal reported that People's United Bank issued 40 loans totaling $6,552,800. -Compiled by Heide Martin 2 850 Main St. Bridgeport, CT 06604 203-338-7001; mtb.com 70 73 (3) -4% $9,396,400 $17,353,800 (3) -46% 3 TD Bank 2461 Main St. Glastonbury, CT 06033 860-652-6507; tdbank.com 58 53 9% $9,387,800 $12,621,400 -26% 4 KeyBank NA 225 Trumbull St. Hartford, CT 06103 860-240-2626; key.com 35 39 -10% $4,582,700 $16,385,500 -72% 5 Liberty Bank 315 Main St. Middletown, CT 06457 888-570-0773; liberty-bank.com 33 56 -41% $6,630,000 $10,932,900 -39% 6 Newtek Small Business Services 4800 T-Rex Ave., Suite 120 Boca Raton, FL 33431 800-749-8707; newtekone.com 21 18 17% $13,767,500 $17,609,400 -22% 7 Celtic Bank Corp. 268 South State St., Suite 300 Salt Lake City, UT 84111 800-509-6191; celticbank.com 12 7 71% $15,959,300 $7,807,400 104% 8 Readycap Lending 200 Connell Drive Berkeley Heights, NJ 07922 800-453-3548; readycapital.com 12 5 140% $3,946,000 $4,497,600 -12% 9 Live Oak Banking Co. 1757 Tiburon Drive Wilmington, NC 28403 866-518-0286; liveoakbank.com 11 15 -27% $12,510,000 $14,118,000 -11% 10 Huntington National Bank 17 South High St. Columbus, OH 43215 614-480-4293; huntington.com 10 0 0% $1,581,200 $0 0% 11 Savings Bank of Danbury 220 Main St. Danbury, CT 06810 203-743-3849; sbdanbury.com 9 8 13% $4,019,600 $1,895,000 112% 12 Santander Bank NA 824 North Market St., Suite 100 Wilmington, DE 19801 302-654-5182; santanderbank.com 9 0 0% $433,000 $0 0% 13 First County Bank 117 Prospect St. Stamford, CT 06901 203-462-4400; firstcountybank.com 8 5 60% $6,147,800 $1,755,000 250% 14 Berkshire Bank 927 Farmington Ave. West Hartford, CT 06107 860-231-8148; berkshirebank.com 7 18 -61% $4,816,400 $20,538,000 -77% 15 Community Investment Corp. 2315 Whitney Ave. Hamden, CT 06518 203-776-6172; ciclending.com 6 9 -33% $997,500 $1,289,100 -23% 16 Connecticut Community Bank 605 West Ave. Norwalk, CT 06850 203-854-9244; ccbankonline.com 5 8 -38% $2,550,000 $3,843,600 -34% 17 Cadence Bank 201 South Spring St. Tupelo, MS 38804 662-680-2000; cadencebank.com 5 4 25% $1,218,000 $775,000 57% 18 Jewett City Savings Bank 111 Main St. Jewett City, CT 6351 860-376-4444; jcsbank.com 5 8 -38% $785,000 $2,932,500 -73% 19 Five Star Bank 220 Liberty St., P.O. Box 227 Warsaw, NY 14569 877-226-5578; five-starbank.com 4 1 300% $1,265,000 $350,000 261% 20 Bank of America NA 30 State House Square Hartford, CT 06103 800-432-1000; bankofamerica.com 4 6 -33% $900,000 $1,935,100 -53% 21 Wells Fargo Bank NA 205 Church St. New Haven, CT 06510 800-869-3557; wellsfargo.com 4 8 -50% $59,900 $1,303,500 -95% Source: U.S. Small Business Administration. Notes: Data includes exclusively 7(a) loans for fiscal year ending Sept. 30, 2022. Loans that have been canceled are not included on this list. (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 April 2, 2022, Buffalo, New York's M&T Bank announced it had completed its acquisition of People's United Bank. (3) U.S. Small Business Administration now cites loans issued by People's United Bank under M&T Bank Corp; in fiscal year 2021, Hartford Business Journal reported that People's United Bank issued 40 loans totaling $6,552,800. -Compiled by Heide Martin LARGEST SBA LENDERS Ranked by number of FY 2022 loans to Connecticut businesses