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2024 BOOK OF LISTS | HARTFORDBUSINESS.COM 23 F I N A N C E LARGEST OUT-OF-STATE BANKS IN CONNECTICUT Ranked by Conn. deposits as of June 30, 2023 Largest out-of-state banks in Connecticut Ranked by Conn. deposits as of June 30, 2023 Bank Conn. deposits (000) 2023/ 2022/ 2021 % market share 2023/ 2022/ 2021 Conn. of total U.S. of Parent company/ parent headquarters 1 Bank of America 30 State House Square, Hartford, CT 06103 800-432-1000; bankofamerica.com $39,590,905 $44,720,763 $43,911,838 23.75% 24.97% 24.60% 89 3,811 Bank of America NA Charlotte, N.C. 2 Manufacturers & Traders Trust Co. (M&T Bank) 850 Main St., Bridgeport, CT 06604 800-724-2440; mtb.com $19,388,480 $24,802,646 $289,219 11.63% 13.85% 0.16% 140 1,035 M&T Bank Corp. Buffalo, N.Y. 3 JPMorgan Chase Bank (1) 1111 Polaris Parkway, Columbus, OH 43240 877-302-4273; jpmorganchase.com $9,716,320 $10,144,100 (2) $8,731,168 (3) 5.83% 5.66% (4) 4.89% (5) 60 4,875 JP Morgan Chase & Co. New York, N.Y. 4 TD Bank 2461 Main St., Glastonbury, CT 06033 860-652-6507; tdbank.com $8,869,673 $9,814,007 $9,419,069 5.32% 5.48% 5.28% 56 1,173 Toronto Dominion (TD) Bank Toronto, Canada 5 Wells Fargo Bank 205 Church St., New Haven, CT 06510 800-869-3557; wellsfargo.com $8,579,257 $9,846,406 $9,811,556 5.15% 5.50% 5.50% 54 4,555 Wells Fargo & Co. San Francisco, Calif. 6 KeyBank 195 Church St., New Haven, CT 06510 800-539-2968; key.com $4,707,631 $5,374,016 $4,904,199 2.82% 3.00% 2.75% 48 985 Key Corp. Cleveland, Ohio 7 Citizens Bank 39 Church St., New Haven, CT 06510 860-928-7921; citizensbank.com $3,290,563 $3,512,121 $3,563,010 1.97% 1.96% 2.00% 32 1,093 Citizens Financial Group Inc. Providence, R.I. 8 Citibank 16 Railroad Ave., Greenwich, CT 06830 800-627-3999; citibank.com $3,135,000 $5,300,000 $6,517,000 1.88% 2.96% 3.65% 12 670 Citigroup Inc. New York, N.Y. 9 Santander Bank 1010 Farmington Ave., West Hartford, CT 06107 860-570-3121; santanderbank.com $1,813,079 $1,893,661 $1,985,200 1.09% 1.06% 1.11% 15 439 Banco Santander SA Madrid, Spain 10 Berkshire Bank 927 Farmington Ave., West Hartford, CT 06107 860-231-8148; berkshirebank.com $1,490,095 $1,407,746 $1,425,490 0.89% 0.79% 0.80% 21 102 Berkshire Hills Bancorp Inc. Boston, Mass. 11 Flagstar Bank (6) 75 Holly Hill Lane, Greenwich, CT 06830 203-769-7040; .com $824,330 $2,151,416 (7) $1,451,597 (7) 0.49% 1.20% (7) 0.81% (7) 1 436 New York Community Bank Hicksville, N.Y. 12 Centreville Bank 40 Main St., Putnam, CT 06260 800.377.4424; centrevillebank.com $406,791 $387,946 $410,262 0.24% 0.22% 0.23% 7 18 Centreville Bank West Warwick, R.I. 13 PeoplesBank 30 Bridge St., Suf CT 06078 860-901-8267; bankatpeoples.com $400,580 $402,078 $332,702 0.24% 0.22% 0.19% 4 20 Peoplesbancorp MHC Holyoke, Mass. 14 Northern Trust Co. 165 Mason St., Greenwich, CT 06830 203-863-1400; northerntrust.com $390,767 $463,815 $548,393 0.23% 0.26% 0.31% 1 58 Northern Trust Corp. Chicago, Ill. 15 bankHometown 182 Main St., Putnam, CT 06260 888-307-5887; bankhometown.com $327,622 $341,776 $324,297 0.20% 0.19% 0.18% 5 16 Hometown Financial Group MHC Easthampton, Mass. 16 W 47 Palomba Drive, CT 06082 413-564-2608; $177,235 $174,222 $129,821 0.11% 0.10% 0.07% 4 27 Western New England Bancorp Inc. W 17 Washington Trust Co. of Westerly 45 Clara Drive, Mystic, CT 06355 860-572-2058; washtrust.com $90,266 $81,717 $72,305 0.05% 0.05% 0.04% 1 27 Washington Trust Bancorp Inc. Westerly, R.I. 18 NBT Bank (8) 2670 Main St., Glastonbury, CT 06033 860-494-2345; nbtbank.com $47,188 $36,894 $6,888 0.03% 0.02% N/A 2 142 NBT BCorp. Inc. Norwich, N.Y. 19 Capital One 100 First Stamford Place, Stamford, CT 06902 203-481-3471; capitalone.com $5,887 $6,627 $7,797,000 0.00% 0.00% 0.00% 1 284 Capitol One Financial Corp. McLean, Va. 20 BNY Mellon 10 Mason St., Greenwich, CT 06830 203-487-5758; bnymellon.com $0 $302,000 $338,000 0.00% 0.17% 0.19% 1 28 Bank of New York Mellon Corp. New York, N.Y. Source: Federal Deposit Insurance Corp. (FDIC). Note: Listed address denotes branch with the highest deposits in Conn. per June 30, 2023 report. N/A = Not available or not applicable. (1) San Francisco, Calif.-based First Republic Bank is now part of JPMorgan Chase Bank. (2) $943,158 for First Republic Bank. (3) $907,669 for First Republic Bank. (4) 0.53% for First Republic Bank. (5) 0.51% for First Republic Bank. (6) FDIC sold most of the deposits of New York-based Signature Bank to Flagstar Bank, upon the failure of Signature Bank in Q1 2023. (7) Data for Signature Bank. (8) Completed its acquisition of Lakeville's Salisbury Bank and Trust Co. in August 2023; see HBJ's list of in-state banks for June 30, 2023 deposits for Salisbury Bank and Trust Co. -Compiled by Stephanie R. Meagher, research@nebusinessmedia.com