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wbjournal.com | Book of Lists 2024 | Worcester Business Journal 9 F O C U S B A N K I N G & F I N A N C E F O C U S Largest 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 NA 306 Turnpike Road, Westborough 01581 508-366-1780 • bankofamerica.com $6.7 billion $1.9 trillion 21 3,811 $2.6 trillion $1 trillion $28.8 billion 137,557 Michael Garand (3) market president, Central Mass. 1904 2 TD Bank 370 Main St., Worcester 01608 508-368-6529 • tdbank.com $3.8 billion $298.3 billion 22 1,173 $369.9 billion $182.1 billion $2.3 billion 27,354 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 $5 billion 25 33 $6.4 billion $3.7 billion $7 million 495 Dana Neshe (4) president, chairman & CEO 1835 4 Santander Bank 507 Main St., Worcester 01608 508-890-6810 • santanderbank.com $2.6 billion $76.4 billion 22 439 $102.2 billion $54 billion $263 million 4,648 Timothy H. Wennes president & CEO 1907 5 Citizens Bank 34 Main St., Natick 01760 508-653-5100 • citizensbank.com $2.5 billion $179.5 billion 24 1,093 $220.2 billion $141.9 billion $1.7 billion 17,017 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 $2.6 billion $1.9 billion $21.7 million 252 Michael W. Welch CEO 1870 7 Berkshire Bank 303 Turnpike Road, Westborough 01581 508-366-4750 • berkshirebank.com $2.3 billion $10.5 billion 14 102 $12.1 billion $9 billion $76.1 million 1,335 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 $13.2 million 257 Robert Cozzone president & CEO 1869 9 Main Street Bank 81 Granger Blvd., Marlborough 01752 508-481-8300 • bankmainstreet.com $1.3 billion $1.4 billion 10 10 $1.7 billion $1.3 billion $6.2 million 161 Walter J. Dwyer IV CEO 1860 10 Cornerstone Bank 230 Park Ave., Worcester 01609 508-421-8070 • cornerstonebank.com $1.2 billion $1.3 billion 10 10 $1.6 billion $1.3 billion $4.1 million 187 Todd R. Tallman CEO 1871 11 Fidelity Bank (5) 9 Leominster Blvd., Leominster 01453 978-345-4331 • fidelitybankonline.com $1.2 billion $1.3 billion 13 14 $1.5 billion $1.1 billion $7.9 million 170 Edward F. Manzi Jr. chairman & CEO 1888 12 Rockland Trust Co. 301 Grove St., Worcester 01605 508-926-8813 • rocklandtrust.com $960.1 million $15.1 billion 11 124 $19.3 billion $14.2 billion $246.6 million 1,724 Jeffrey J. Tengel CEO 1907 13 MutualOne Bank 828 Concord St., Framingham 01701 508-820-4000 • mutualone.com $919.2 million $890.1 million 3 3 $1.3 billion $1.1 billion $22.2 million 89 Mark R. Haranas president & CEO 1889 14 Webster Five Cents Savings Bank 35 Millbury St., Auburn 01501 800-696-9401 • web5.com $917 million $962.4 million 7 7 $1.3 billion $956.9 million $9.1 million 140 Donald F. Doyle (6) president & CEO 1868 15 bankHometown (7) 31 Sutton Ave., Oxford 01540 508-987-1200 • bankhometown.com $823.6 million $1.2 billion 11 16 $1.4 billion $1.2 billion $17.7 million 144 Robert J. Morton president & CEO 1889 16 Rollstone Bank & Trust 780 Main St., Fitchburg 01420 978-345-1061 • rollstonebank.com $669.3 million $670.9 million 8 8 $920.9 million $644 million -$1.5 million 102 Martin F. Connors Jr. president & CEO 1846 17 Clinton Savings Bank 200 Church St., Clinton 01510 978-365-3700 • clintonsavings.com $602.6 million $581.5 million 9 9 $720.7 million $514.4 million $3.2 million 102 Robert J. Paulhus Jr. president & CEO 1851 18 Savers Bank 270 Main St., Southbridge 01550 508-764-4329 • saversbank.com $552.5 million $535.5 million 7 7 $718 million $531.3 million $4.6 million 88 Rosemary A. Picard president & CEO 1910 19 Athol Savings Bank 388 Main St., Athol 01331 978-249-3200 • atholsb.com $515.7 million $509.1 million 5 5 $632.7 million $407.3 million $4 million 78 Daniel Zona president & CEO 1867 20 Bay State Savings Bank 28 Franklin St., Worcester 01608 508-890-9000 • baystatesavings.com $481.8 million $481.3 million 7 7 $536.8 million $432.8 million -$3.2 million 77 Seth A. Pitts president & CEO 1895 Patrick J. Sullivan U.S. bank interest rates, 2007-2024 '07 0 2% 4% 6% 8% 10% '08 '10 '12 '14 '16 '18 '20 '22 '24 8.25% 8.50% Bank prime loan rate Source: Federal Reserve Bank of St. Louis 15 bankHometown (7) 31 Sutton Ave., Oxford 01540 508-987-1200 • bankhometown.com $823.6 million $1.2 billion 11 16 $1.4 billion $1.2 billion $17.7 million 144 Robert J. Morton president & CEO 1889 16 Rollstone Bank & Trust 780 Main St., Fitchburg 01420 978-345-1061 • rollstonebank.com $669.3 million $670.9 million 8 8 $920.9 million $644 million -$1.5 million 102 Martin F. Connors Jr. president & CEO 1846 17 Clinton Savings Bank 200 Church St., Clinton 01510 978-365-3700 • clintonsavings.com $602.6 million $581.5 million 9 9 $720.7 million $514.4 million $3.2 million 102 Robert J. Paulhus Jr. president & CEO 1851 18 Savers Bank 270 Main St., Southbridge 01550 508-764-4329 • saversbank.com $552.5 million $535.5 million 7 7 $718 million $531.3 million $4.6 million 88 Rosemary A. Picard president & CEO 1910 19 Athol Savings Bank 388 Main St., Athol 01331 978-249-3200 • atholsb.com $515.7 million $509.1 million 5 5 $632.7 million $407.3 million $4 million 78 Daniel Zona president & CEO 1867 20 Bay State Savings Bank 28 Franklin St., Worcester 01608 508-890-9000 • baystatesavings.com $481.8 million $481.3 million 7 7 $536.8 million $432.8 million -$3.2 million 77 Seth A. Pitts president & CEO 1895 21 M&T Bank 120 Front St., Worcester 01608 508-890-5199 • mtb.com $467.4 million $170.5 billion 7 1,035 $214.7 billion $132.8 billion $2.7 billion 21,099 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 $4.6 billion $3.6 billion $40.5 million 569 John Clancy Jr. CEO 1989 23 Dean Bank 21 Main St., Franklin 02038 508-528-0088 • deanbank.com $397.9 million $395.4 million 4 4 $461.6 million $319.7 million $1 million 70 Kevin R. Goffe president & CEO 1889 24 Needham Bank 41 Front St., Ashland 01721 508-881-1088 • needhambank.com $387.2 million $3.8 billion 3 12 $4.5 billion $3.9 billion $23.9 million 345 Joseph Campanelli president & CEO 1892 25 Country Bank 278 Park Ave., Worcester 01609 800-322-8233 • countrybank.com $357.7 million $1.4 billion 6 12 $1.9 billion $1.4 billion $13.3 million 223 Paul F. Scully CEO Mary McGovern (8) president 1850 26 Milford Federal Bank 246 Main St., Milford 01757 508-634-2500 • milfordfederal.com $336.1 million $375 million 3 4 $507.3 million $435.3 million $2 million 66 Paul Gilbody president & CEO 1937 27 Charles River Bank 70 Main St., Medway 02053 508-533-8661 • charlesriverbank.com $298 million $275.2 million 4 4 $294.7 million $213.5 million $614,000 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 $362 million 4 7 $412.9 million $277.7 million $1.1 million 50 Kaz Borawski president & CEO 1854 29 The Village Bank 62 Boston Post Road, Wayland 01778 617-969-4300 • village- bank.com $178.1 million $1.7 billion 1 9 $1.9 billion $1.6 billion $2.7 million 156 Joseph A. De Vito president & CEO 1910 30 Eastern Bank 2 South Ave., Natick 01760 508-655-4101 • easternbank.com $104.8 million $17.8 billion 1 97 $21.2 billion $13.9 billion $238.9 million 1,666 Robert F. Rivers chair & CEO 1818 31 Northern Bank & Trust 265 Great Road, Littleton 01460 978-486-3543 • nbtc.com $103.5 million $2.7 billion 3 15 $3.2 billion $2.8 billion $60.2 million 261 James J. Mawn president & CEO 1960 32 Millbury National Bank 18 Main St., Millbury 01527 508-865-9521 • mnbonline.com $98.3 million $102.8 million 1 1 $126.4 million $91.6 million $341,000 21 Kathleen C. Marcum president & CEO 1825 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 local deposits and branches as of June 30, 2023; total deposits, assets, net loans & leases and total employees as of March 31, 2024 (2) For cumulative four quarters ending Dec. 31, 2023 (3) Succeeded Edwin Thomas Shea Jr. in June, upon his retirement (4) Succeeded Michael McAuliffe in April, upon his retirement (5) Part of multi-bank holding company, Mutual Bancorp (6) Expected to retire on July 1, 2025, with current CFO & COO Brian Westerlind as successor (7) On Feb. 16, Hometown Financial Group, the Easthampton-based holding company of Oxford-based bankHometown, reached an agreement to merge with North Shore Bancorp, the Peabody-based holding company for North Shore Bank. (8) Assumed role of president in April -Compiled by: Stephanie R. Meagher, research@nebusinessmedia.com