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2025 BOOK OF LISTS | HARTFORDBUSINESS.COM 19 F I N A N C E LARGEST IN-STATE BANKS Ranked by Conn. deposits as of June 30, 2024 (1) Here to Help Your Business Flourish. With convenient locations and a team of local experts, you'll get a clear set of solutions built to help your business thrive. Member FDIC | Equal Housing Lender Contact Us or Stop By to Get Started. Checking Options Commercial Loans Treasury Management Night Deposit Online & Mobile Banking & More! ThomastonSB.com | 860.283.1874 Largest in-state banks Ranked by Conn. deposits as of June 30, 2024 ((11)) Bank Conn. deposits (000)/ (2) Conn. market share/ (2) Conn. of (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; websterbank.com $36,558,097 21.80% 95 $62,593,777 $76,760,507 $51,152,247 $411,138 John R. Ciulla Chairman, president & CEO 1870 2 Liberty Bank 315 Main St., Middletown 06457 888-570-0773; liberty-bank.com $6,259,131 3.73% 53 $6,285,993 $7,816,320 $5,810,528 $34,070 David W. Glidden President & CEO 1825 3 Bankwell Bank 156 Cherry St., New Canaan 06840 203-966-7080; mybankwell.com $2,673,482 1.59% 9 $2,673,482 $3,138,638 $2,616,693 $8,819 Christopher Gruseke CEO 2002 4 Union Savings Bank 226 Main St., Danbury 06810 866-872-1866; unionsavings.com $2,266,509 1.35% 26 $2,266,509 $3,046,115 $1,972,150 $6,172 Chelen Reyes President & CEO 1866 5 First County Bank 117 Prospect St., Stamford 06901 203-462-4400; $1,773,295 1.06% 13 $1,773,295 $2,359,262 $1,654,346 $1,632 Robert J. Granata Chairman & CEO 1851 6 Ion Bank 251 Church St., Naugatuck 06770 203-729-4442; ionbank.com $1,701,923 1.02% 23 $1,804,284 $2,135,170 $1,551,527 $7,558 David J. Rotatori President & CEO 1870 7 Thomaston Savings Bank 203 Main St., Thomaston 06787 855-344-1874; thomastonsavingsbank.com $1,599,922 0.95% 16 $1,599,922 $1,823,964 $1,266,391 $4,061 Stephen L. Lewis President & CEO 1874 8 F 150 Danbury Road, 06877 877-431-7431; $1,534,401 0.92% 17 $1,534,401 $1,997,111 $1,388,466 $1,286 Daniel Berta President 1871 9 Newtown Savings Bank 39 Main St., Newtown 06470 800-461-0672; nsbonline.com $1,444,130 0.86% 19 $1,444,130 $1,776,187 $1,344,148 $677 Kenneth L. Weinstein President & CEO 1855 10 Chelsea Groton Bank 904 Poquonnock Road, Groton 06340 860-448-4252; chelseagroton.com $1,204,089 0.72% 14 $1,204,089 $1,691,435 $1,178,425 $11,269 Anthony A. Joyce III CEO 1854 11 Ives Bank (6) 220 Main St., Danbury 06810 203-743-3849; sbdanbury.com $1,148,954 0.69% 16 $1,148,954 $1,625,518 $1,342,684 $7,178 Martin G. Morgado President & CEO 1849 12 Northwest Community Bank 86 Main St., Winsted 06098 860-379-7561; nwcommunitybank.com $985,789 0.59% 14 $985,789 $1,121,543 $879,243 $576 Maura O'Sullivan Malo President & CEO 1875 13 Guilford Savings Bank 1 Park St., Guilford 06437 203-453-2721; gsb-yourbank.com $984,962 0.59% 8 $984,262 $1,123,556 $829,802 $677 Kyle J. Eagleson (7) President Timothy P. Geelan (7) CEO 1875 14 Fieldpoint Private Bank & Trust 100 Field Point Road, Greenwich 06830 203-413-9300; $820,980 0.49% 1 $915,407 $1,357,509 $943,172 -$10,069 H. Russell Holland President & CEO 2008 15 Dime Bank 290 Salem Turnpike, Norwich 06360 860-859-4300; dime-bank.com $814,255 0.49% 13 $874,119 $1,138,428 $790,564 $1,972 Nicholas Caplanson President & CEO 1869 16 Patriot Bank 999 Bedford St., Stamford 06905 203-251-7200; bankpatriot.com $772,543 0.46% 7 $803,884 $1,038,764 $775,405 -$2,300 David Lowery President & CEO 1994 17 Torrington Savings Bank 518 Main St., Hartford 06057 860-738-0200; torringtonsavings.bank $744,402 0.44% 9 $744,402 $932,674 $688,191 -$196 Lesa A. Vanotti President & CEO 1868 18 Windsor Federal Savings & Loan 250 Broad St., Windsor 06095 860-688-8511; windsorfederal.com $669,623 0.40% 11 $669,623 $796,275 $576,693 $2,021 Luke Kettles President & CEO 1935 19 drbank 1001 Post Road, Darien 06820 203-656-3500; drbank.com $525,197 0.31% 2 $525,197 $647,333 $537,717 -$878 Jason Hardgrave CEO 2006 20 The Milford Bank 33 Broad St., Milford 06460 203-783-5700; milfordbank.com $513,127 0.31% 7 $513,127 $600,253 $454,150 $750 Jorge Santiago President & CEO 1872 21 The First Bank of Greenwich 444 E. Putnam Ave., Cos Cob 06807 gr $504,026 0.30% 2 $621,408 $740,149 $638,280 $1,881 Frank J. Gaudio President & CEO 2006 22 Connecticut Community Bank 605 West Ave., Norwalk 06850 203-854-9244; ccbankonline.com $470,041 0.28% 10 $470,042 $549,596 $321,343 $2,049 David W. Tralka President & CEO 1998 23 Essex Savings Bank 35 Plains Road, Essex 06426 860-767-4414; essexsavings.com $435,698 0.26% 8 $435,698 $510,214 $336,818 $2,168 Diane H. Arnold President & CEO 1851 24 Jewett City Savings Bank 111 Main St., Jewett City 6351 860-376-4444; jcsbank.com $349,031 0.21% 7 $349,033 $430,314 $349,831 $2,254 Michael Alberts President & CEO 1873 Source: Federal Deposit Insurance Corp. (FDIC) (1) FDIC updates the deposit market share report annually. (2) As of June 30, 2024. (3) As of June 30, 2024; most recent available at press time. (4) For the cumulative two quarters ended June 30, 2024; most recent available at press time. (5) In January 2024, Webster Financial, the Stamford-based parent company of Webster Bank, acquired Wilmington, Mass.-based Ametros Financial Corp. (6) In August 2024, Savings Bank of Danbury received approval from the state Department of Banking to change its name to Ives Bank; June 30, 2024 data was reported to FDIC under the Savings Bank of Danbury name. (7) 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 Business financing made simple with experts who put you first. Take the next step with our flexible financing. As a top SBA Leader in Connecticut 1 , Webster can help with SBA-guaranteed loans and lines of credit in multiple forms and terms. CONTACT: Tim Bergstrom, Regional President 203.271.7336 tbergstorm@websterbank.com 1 Based on 7(a) loan volume in Connecticut for the Federal Fiscal year ending 09/30/23. All credit products, pricing and overdraft protection are subject to the normal credit approval process. Some applications may require further consideration and/or supplemental information. Certain terms and conditions may apply. SBA guaranteed products may also be subject to additional terms, conditions and fees. Requires a Webster business checking account which must be opened prior to loan closing and which must be used for auto-deduct of payment. Webster Bank, N.A., Member FDIC. Equal Housing Lender . Webster, Webster Bank, the Webster Bank logo, and the W symbol are trademarks of Webster Financial Corporation and registered in the U.S. Patent and Trademark Office. © 2024 Webster Financial Corporation. All Rights Reserved.