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8 Worcester Business Journal | Book of Lists 2024 | wbjournal.com F O C U S B A N K I N G & F I N A N C E 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 David Felton became Main Street Bank's first ever chief deposit officer in April. On June 20, Cornerstone Bank announced plans to merge its parent company with the holding company of Holyoke-based PeoplesBank by the first quarter of 2025. Fidelity Bank named Richard Fay as senior vice president and CFO in March. bankHometown's holding company reached an agreement to merge with North Shore Bancorp, the Peabody-based holding company for North Shore Bank, in February. UniBank made 21 loans for $1.7 million to Central Massachusetts small businesses through the U.S. Small Business Administration's 7(a) program in fiscal 2023, an increase from 1 loan for $125,000 in fiscal 2022.