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26 HARTFORDBUSINESS.COM | FEBRUARY 19, 2024 The Lists Largest in-state banks Ranked by Conn. deposits as of June 30, 2023 ((11)) Bank Conn. deposits (000)/ (2) Conn. market share/ (2) Conn. offices (2) Total domestic deposits (000) (3) Total domestic assets (000)/ (3) net loans and leases (000)/ (3) net income (000) (4) Top executive Year established 1 Webster Bank (5) 1959 Summer St., Stamford 06905 203-969-1853; public.websteronline.com $32,889,830 19.73% 95 $60,718,804 $73,062,644 $49,498,975 $716,217 John R. Ciulla President & CEO 1870 2 Liberty Bank 315 Main St., Middletown 06457 888-570-0773; liberty-bank.com $5,772,446 3.46% 53 $5,877,447 $7,436,950 $5,483,867 $78,237 David W. Glidden President & CEO 1825 3 Bankwell Bank 156 Cherry St., New Canaan 06840 203-966-7080; mybankwell.com $2,799,094 1.68% 9 $2,780,165 $3,247,008 $2,735,242 $33,105 Christopher Gruseke CEO 2002 4 Union Savings Bank 226 Main St., Danbury 06810 866-872-1866; unionsavings.com $2,191,366 1.31% 25 $2,159,662 $3,073,098 $1,859,667 $12,612 Chelen Reyes (6) President & CEO 1866 5 Fairfield County Bank 150 Danbury Road, Ridgefield 06877 877-431-7431; fairfieldcountybank.com $1,666,047 1.00% 16 $1,559,510 $1,918,214 $1,403,484 $5,518 Daniel Berta President 1871 6 Ion Bank 251 Church St., Naugatuck 06770 203-729-4442; ionbank.com $1,620,834 0.97% 21 $1,735,615 $2,180,018 $1,497,448 $11,893 David J. Rotatori President & CEO 1870 7 First County Bank 117 Prospect St., Stamford 06901 203-462-4400; firstcountybank.com $1,602,753 0.96% 14 (7) $1,587,292 $2,137,726 $1,630,323 $8,211 Robert J. Granata Chairman & CEO 1851 8 Thomaston Savings Bank 203 Main St., Thomaston 06787 855-344-1874; thomastonsavingsbank.com $1,513,960 0.91% 15 $1,552,947 $1,756,326 $1,160,841 $9,142 Stephen L. Lewis President & CEO 1874 9 Newtown Savings Bank 39 Main St., Newtown 06470 800-461-0672; nsbonline.com $1,447,162 0.87% 19 $1,522,630 $1,845,421 $1,296,776 $3,687 Kenneth L. Weinstein President & CEO 1855 10 Chelsea Groton Bank 904 Poquonnock Road, Groton 06340 860-448-4252; chelseagroton.com $1,278,784 0.77% 14 $1,294,606 $1,613,186 $1,086,748 $14,320 Anthony A. Joyce III CEO 1854 11 Savings Bank of Danbury 220 Main St., Danbury 06810 203-743-3849; sbdanbury.com $1,095,788 0.66% 16 $1,114,096 $1,495,602 $1,246,470 $11,927 Martin G. Morgado President & CEO 1849 12 Northwest Community Bank 86 Main St., Winsted 06098 860-379-7561; nwcommunitybank.com $956,205 0.57% 14 $969,335 $1,074,449 $838,152 $1,957 Maura O'Sullivan Malo President & CEO 1875 13 Guilford Savings Bank 1 Park St., Guilford 06437 203-453-2721; gsb-yourbank.com $890,683 0.53% 8 $896,118 $1,082,661 $776,991 $3,313 Kyle J. Eagleson (8) President Timothy P. Geelan (8) CEO 1875 14 Dime Bank 290 Salem Turnpike, Norwich 06360 860-859-4300; dime-bank.com $863,353 0.52% 13 $911,531 $1,147,006 $763,351 $1,667 Nicholas Caplanson President & CEO 1869 15 Patriot Bank 999 Bedford St., Stamford 06905 203-251-7200; bankpatriot.com $831,017 0.50% 8 $840,142 $1,136,484 $886,158 -$3,614 David Lowery President & CEO 1994 16 Torrington Savings Bank 129 Main St., Torrington 06790 860-496-2152; torringtonsavings.bank $728,623 0.44% 9 $722,365 $909,156 $621,370 -$619 Lesa A. Vanotti President & CEO 1868 17 Windsor Federal Savings & Loan 250 Broad St., Windsor 06095 860-688-8511; windsorfederal.com $649,277 0.39% 11 $656,378 $769,970 $549,635 $3,026 Luke Kettles President & CEO 1935 18 The First Bank of Greenwich 444 E Putnam Ave., Cos Cob 06807 greenwichfirst.com $503,874 0.30% 2 $599,302 $730,171 $621,984 $2,984 Frank J. Gaudio President 2006 19 The Milford Bank 33 Broad St., Milford 06460 203-783-5700; milfordbank.com $496,880 0.30% 8 $497,646 $580,794 $434,685 $1,271 Susan Shields President & CEO 1872 20 Connecticut Community Bank 605 West Ave., Norwalk 06850 203-854-9244; ccbankonline.com $488,580 0.29% 10 $459,717 $538,139 $311,647 $5,489 David W. Tralka President & CEO 1998 Source: Federal Deposit Insurance Corp. (FDIC). Note: New York-based NBT Bank completed its acquisition of Salisbury Bank and Trust Co. in August 2023. 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) As of June 30, 2023. (3) As of Sept. 30, 2023; most recent available at press time. (4) For the cumulative three quarters ended Sept. 30, 2023; most recent available at press time. (5) On Jan. 30, 2024, Webster Financial, the Stamford-based parent company of Webster Bank, acquired Wilmington, Mass.-based Ametros Financial Corp. for $350 million from Long Ridge Equity Partners. Ametros' operations are expected to be fully integrated into Webster during Q1 2024. (6) Succeeded Cynthia Merkle in August 2023, upon her retirement. (7) Expected to close a Stamford branch at 275 Hope St., as of March 1, 2024. (8) In January 2024, Mr. Eagleson assumed the role of president. Mr. Geelan is expected to step down as CEO in March 2025, with Eagleson as his successor. -Compiled by Stephanie R. Meagher, research@nebusinessmedia.com LARGEST IN-STATE BANKS Ranked by Conn. deposits as of June 30, 2023(1)