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wbjournal.com | February 19, 2024 | Worcester Business Journal 17 B A N K I N G & F I N A N C E F O C U S Top banks Ranked by local deposits as of June 30, 2023 ((11)) Bank Local deposits/ total deposits Local branches/ U.S. branches Total assets/ net loans and leases/ net income (2) Total employees Top local executive Year founded 1 Bank of America 306 Turnpike Road, Westborough 01581 508-366-1780 • bankofamerica.com $6.7 billion $1.9 trillion 21 3,811 $2.5 trillion $1 trillion $24.2 billion 135,114 Edwin Thomas Shea Jr. market president, Central Mass. 1904 2 TD Bank 370 Main St., Worcester 01608 508-368-6529 • tdbank.com $3.8 billion $303.9 billion 22 1,173 $366.3 billion $177.5 billion $1.9 billion 27,569 Steve C. Webb regional president, Southern New England and Upstate New York 1852 3 Middlesex Savings Bank 6 Main St., Natick 01760 877-463-6287 • middlesexbank.com $3.7 billion $4.9 billion 25 33 $6.3 billion $3.8 billion $16.4 million 511 Michael G. McAuliffe (3) president, chairman & CEO 1835 4 Santander Bank 507 Main St., Worcester 01608 508-890-6810 • santanderbank.com $2.6 billion $77.1 billion 22 439 $98.6 billion $56.9 billion $215.3 million 6,905 Timothy H. Wennes president & CEO 1907 5 Citizens Bank 34 Main St., Natick 01760 508-653-5100 • citizensbank.com $2.5 billion $180.7 billion 24 1,093 $225 billion $148.8 billion $1.5 billion 17,841 Bruce Van Saun chairman & CEO 2005 6 UniBank for Savings 49 Church St., Whitinsville 01588 508-234-8112 • unibank.com $2.3 billion $2.3 billion 14 14 $2.5 billion $1.9 billion $17.3 million 256 Michael W. Welch CEO 1870 7 Berkshire Bank 303 Turnpike Road, Westborough 01581 508-366-4750 • berkshirebank.com $2.3 billion $10.2 billion 14 102 $12.1 billion $8.9 billion $75.9 million 1,331 Nitin Mhatre CEO 1846 8 Avidia Bank 42 Main St., Hudson 01749 978-562-2222 • avidiabank.com $2 billion $2 billion 10 10 $2.6 billion $2.1 billion $9.9 million 254 Robert Cozzone president & CEO 1869 9 Main Street Bank 81 Granger Blvd., Marlborough 01752 508-481-8300 • bankmainstreet.com $1.3 billion $1.3 billion 10 10 $1.7 billion $1.3 billion $4.7 million 186 Walter J. Dwyer IV CEO 1860 10 Cornerstone Bank 230 Park Ave., Worcester 01609 508-421-8070 • cornerstonebank.com $1.2 billion $1.2 billion 10 10 $1.6 billion $1.3 billion $3.2 million 177 Todd R. Tallman CEO 1871 11 Fidelity Bank (4) 9 Leominster Blvd., Leominster 01453 978-345-4331 • fidelitybankonline.com $1.2 billion $1.3 billion 13 14 $1.5 billion $1.1 billion $5.9 million 166 Edward F. Manzi Jr. chairman & CEO 1888 12 Rockland Trust Co. 301 Grove St., Worcester 01605 508-926-8813 • rocklandtrust.com $960.1 million $15.4 billion 11 124 $19.4 billion $14.1 billion $190 million 1,700 Jeffrey J. Tengel CEO 1907 13 MutualOne Bank 828 Concord St., Framingham 01701 508-820-4000 • mutualone.com $919.2 million $919.2 million 3 3 $1.3 billion $1.1 billion $15.9 million 92 Mark R. Haranas president & CEO 1889 14 Webster Five Cents Savings Bank 35 Millbury St., Auburn 01501 800-696-9401 • web5.com $917 million $917 million 7 7 $1.2 billion $911.8 million $7.3 million 137 Donald F. Doyle president & CEO 1868 15 bankHometown 31 Sutton Ave., Oxford 01540 508-987-1200 • bankhometown.com $823.6 million $1.2 billion 11 16 $1.4 billion $1.1 billion $13.5 million 141 Robert J. Morton president & CEO 1889 16 Rollstone Bank & Trust 780 Main St., Fitchburg 01420 978-345-1061 • rollstonebank.com $669.3 million $669.3 million 8 8 $910.3 million $637.3 million -$585,000 103 Martin F. Connors Jr. president & CEO 1846 17 Clinton Savings Bank 200 Church St., Clinton 01510 978-365-3700 • clintonsavings.com $602.6 million $602.6 million 9 9 $707.1 million $511.9 million $2.3 million 105 Robert J. Paulhus Jr. president & CEO 1851 18 Savers Bank 270 Main St., Southbridge 01550 508-764-4329 • saversbank.com $552.5 million $552.5 million 7 7 $720.3 million $532.2 million $3.4 million 87 Rosemary A. Picard president & CEO 1910 19 Athol Savings Bank 388 Main St., Athol 01331 978-249-3200 • atholsb.com $515.7 million $515.7 million 5 5 $597.3 million $394.6 million $1.8 million 80 Daniel Zona president & CEO 1867 14 Webster Five Cents Savings Bank 35 Millbury St., Auburn 01501 800-696-9401 • web5.com $917 million $917 million 7 7 $1.2 billion $911.8 million $7.3 million 137 Donald F. Doyle president & CEO 1868 15 bankHometown 31 Sutton Ave., Oxford 01540 508-987-1200 • bankhometown.com $823.6 million $1.2 billion 11 16 $1.4 billion $1.1 billion $13.5 million 141 Robert J. Morton president & CEO 1889 16 Rollstone Bank & Trust 780 Main St., Fitchburg 01420 978-345-1061 • rollstonebank.com $669.3 million $669.3 million 8 8 $910.3 million $637.3 million -$585,000 103 Martin F. Connors Jr. president & CEO 1846 17 Clinton Savings Bank 200 Church St., Clinton 01510 978-365-3700 • clintonsavings.com $602.6 million $602.6 million 9 9 $707.1 million $511.9 million $2.3 million 105 Robert J. Paulhus Jr. president & CEO 1851 18 Savers Bank 270 Main St., Southbridge 01550 508-764-4329 • saversbank.com $552.5 million $552.5 million 7 7 $720.3 million $532.2 million $3.4 million 87 Rosemary A. Picard president & CEO 1910 19 Athol Savings Bank 388 Main St., Athol 01331 978-249-3200 • atholsb.com $515.7 million $515.7 million 5 5 $597.3 million $394.6 million $1.8 million 80 Daniel Zona president & CEO 1867 20 Bay State Savings Bank 28 Franklin St., Worcester 01608 508-890-9000 • baystatesavings.com $481.8 million $481.8 million 7 7 $528.3 million $439.3 million $726,000 79 Seth A. Pitts president & CEO 1895 21 M&T Bank 120 Front St., Worcester 01608 508-890-5199 • mtb.com $467.4 million $165.3 billion 7 1,035 $208.6 billion $130.3 billion $2.1 billion 21,590 Patrick J. Sullivan area executive, New England & senior executive VP, M&T Bank 1856 22 Enterprise Bank & Trust Co. 65 Main St., Leominster 01453 978-656-5689 • enterprisebanking.com $456.4 million $4.1 billion 3 27 $4.5 billion $3.3 billion $32.2 million 562 John Clancy Jr. CEO 1989 23 Dean Bank 21 Main St., Franklin 02038 508-528-0088 • deanbank.com $397.9 million $397.9 million 4 4 $450.4 million $310.3 million $896,000 71 Kevin R. Goffe president & CEO 1889 24 Needham Bank 41 Front St., Ashland 01721 508-881-1088 • needhambank.com $387.2 million $3.3 billion 3 12 $4.2 billion $3.7 billion $23.4 million 336 Joseph Campanelli president & CEO 1892 25 Country Bank 278 Park Ave., Worcester 01609 800-322-8233 • countrybank.com $357.7 million $1.3 billion 6 12 $1.8 billion $1.4 billion $9.2 million 212 Paul F. Scully (5) president & CEO 1850 26 Milford Federal Bank 246 Main St., Milford 01757 508-634-2500 • milfordfederal.com $336.1 million $375.5 million 3 4 $492.9 million $429.7 million $1.4 million 65 Paul Gilbody president & CEO 1937 27 Charles River Bank 70 Main St., Medway 02053 508-533-8661 • charlesriverbank.com $298 million $298 million 4 4 $306.9 million $206 million $830,000 48 Derek Plourde president & CEO 1915 28 North Brookfield Savings Bank 35 Summer St., North Brookfield 01535 508-556-4225 • northbrookfieldsavingsbank.com $247.7 million $349.8 million 4 7 $396.8 million $270.8 million $925,000 54 Kaz Borawski president & CEO 1854 29 The Village Bank 62 Boston Post Road, Wayland 01778 617-969-4300 • village-bank.com $178.1 million $1.8 billion 1 9 $1.9 billion $1.6 billion $2.6 million 142 Joseph A. De Vito president & CEO 1910 30 Eastern Bank 2 South Ave., Natick 01760 508-655-4101 • easternbank.com $104.8 million $18.3 billion 1 97 $21.1 billion $13.8 billion -$80.8 million 2,059 Robert F. Rivers chair & CEO 1818 Sources: Federal Deposit Insurance Corp., bank websites and press releases. Note: Local deposits are deposits attributable to offices in Worcester County and MetroWest. (1) Data for deposits and branches as of June 30, 2023; assets, net loans & leases, net income and total employees as of Sept. 30, 2023 (2) For cumulative three quarters ending Sept. 30, 2023 (3) Expected to retire in April 2024; Dana Neshe, COO, has been named successor. (4) Part of multi-bank holding company, Mutual Bancorp (5) Mary McGovern, COO, is expected to assume the role of president in April, with Paul Scully staying on as CEO. -Compiled by: Stephanie R. Meagher, smeagher@nebusinessmedia.com