Issue link: https://nebusinessmedia.uberflip.com/i/1532527
28 HARTFORDBUSINESS.COM | FEBRUARY 24, 2025 The Lists Largest in-state banks Ranked by Conn. deposits as of June 30, 2024 ((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 1959 Summer St., Stamford 06905 203-969-1853; websterbank.com $36,558,097 21.80% 95 $64,840,074 $79,376,267 $51,376,832 $611,519 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 $6,420,691 $7,903,890 $5,884,159 $58,142 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 $2,700,653 $3,157,498 $2,591,552 $12,467 Christopher Gruseke CEO 2002 4 Union Savings Bank 226 Main St., Danbury 06810 866-872-1866; unionsavings.com $2,266,509 1.35% 26 $2,254,393 $3,066,239 $2,016,829 $8,838 Chelen Reyes President & CEO 1866 5 First County Bank 117 Prospect St., Stamford 06901 203-462-4400; firstcountybank.com $1,773,295 1.06% 13 $1,791,127 $2,379,080 $1,648,305 $2,602 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 $1,791,717 $2,130,473 $1,568,955 $12,595 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 $1,598,475 $1,838,759 $1,280,892 $6,545 Stephen L. Lewis President & CEO 1874 8 Fairfield County Bank 150 Danbury Road, Ridgefield 06877 877-431-7431; fairfieldcountybank.com $1,534,401 0.92% 17 $1,485,721 $1,913,139 $1,371,949 $2,529 Daniel Berta President 1871 9 Newtown Savings Bank 39 Main St., Newtown 06470 800-461-0672; nsbonline.com $1,444,130 0.86% 19 $1,566,492 $1,869,912 $1,379,277 $3,081 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 $1,249,879 $1,708,554 $1,213,127 $16,166 Anthony A. Joyce III CEO 1854 11 Ives Bank (5) 220 Main St., Danbury 06810 203-743-3849; sbdanbury.com $1,148,954 0.69% 16 $1,196,036 $1,635,240 $1,344,773 $11,333 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 $1,008,941 $1,151,015 $885,796 $1,296 Maura O'Sullivan Malo President & CEO 1875 13 Guilford Savings Bank (6) 1 Park St., Guilford 06437 203-453-2721; gsb-yourbank.com $984,962 0.59% 8 $1,009,229 $1,153,526 $847,862 $1,776 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; fieldpointprivate.com $820,980 0.49% 1 $903,764 $1,342,954 $917,334 -$13,768 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 $896,391 $1,167,270 $779,768 $3,982 Nicholas Caplanson President & CEO 1869 16 Patriot Bank (8) 999 Bedford St., Stamford 06905 203-251-7200; bankpatriot.com $772,543 0.46% 7 $828,148 $973,835 $754,345 -$28,696 Steven Sugarman President 1994 17 Torrington Savings Bank 518 Main St., Hartford 06057 860-738-0200; torringtonsavings.bank $744,402 0.44% 9 $724,739 $958,573 $707,830 $1,537 Lesa A. Vanotti President & CEO 1868 18 Windsor Federal Bank 270 Broad St., Windsor 06095 860-688-8511; windsorfederal.com $669,623 0.40% 11 $667,146 $803,330 $592,411 $2,961 Luke Kettles President & CEO 1935 19 drbank 1001 Post Road, Darien 06820 203-656-3500; drbank.com $525,197 0.31% 2 $584,816 $704,289 $574,261 -$108 Jason Hardgrave CEO 2006 20 The Milford Bank 33 Broad St., Milford 06460 203-783-5700; milfordbank.com $513,127 0.31% 7 $504,951 $613,598 $461,426 $1,427 Jorge Santiago President & CEO 1872 21 The First Bank of Greenwich 444 E. Putnam Ave., Cos Cob 06807 greenwichfirst.com $504,026 0.30% 2 $636,667 $795,426 $673,423 $2,665 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 $470,455 $545,174 $310,568 $3,176 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 $411,869 $489,247 $346,923 $3,428 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 $356,572 $434,386 $349,708 $2,713 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 Sept. 30, 2024; most recent available at press time. (4) For the cumulative three quarters ended Sept. 30, 2024; most recent available at press time. (5) 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. (6) In December 2024, announced plans to merge with Norwich-based Eastern Connecticut Savings Bank; the deal is expected to close in Q2 2025 with GSB President Kyle Eagleson as CEO. (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. (8) In January 2025, Stamford-based Patriot National Bancorp Inc., the parent company of Patriot Bank, disclosed in a U.S. Securities & Exchange Commission filing that it has entered into an agreement with the Office of the Comptroller of the Currency to take certain actions to shore up its financial position. -Compiled by Stephanie R. Meagher, research@nebusinessmedia.com LARGEST IN-STATE BANKS Ranked by Conn. deposits as of June 30, 2024 (1)