Issue link: https://nebusinessmedia.uberflip.com/i/1533035
wbjournal.com | March 10, 2025 | Worcester Business Journal 17 Proud supporters of Amy's first steps 15 828 Concord St., Framingham 01701 508-820-4000 • mutualone.com $869.9 million 3 $1.1 billion $17.5 million 101 president & CEO 1889 16 Rollstone Bank & Trust 24 Monument Square, Leominster 01453 857-419-3955 • rollstonebank.com $689.6 million $692.5 million 8 8 $912.4 million $650.2 million $1.4 million 101 Martin F. Connors Jr. president & CEO 1846 17 Clinton Savings Bank 200 Church St., Clinton 01510 978-365-3700 • clintonsavings.com $592.3 million $604.4 million 9 10 $742 million $528.7 million -$1.4 million 102 Robert J. Paulhus Jr. (8) president & CEO 1851 18 Savers Bank 38 Auburn St., Auburn 01501 508-832-3251 • saversbank.com $544.5 million $554.5 million 7 7 $770.2 million $585.4 million $3.5 million 86 Rosemary A. Picard president & CEO 1910 19 Athol Savings Bank 388 Main St., Athol 01331 978-249-3200 • atholsb.com $511.1 million $522 million 5 5 $640.8 million $423.8 million $4.5 million 75 Daniel Zona president & CEO 1867 20 Needham Bank 17 W. Central St., Natick 01760 508-647-4999 • needhambank.com $501.5 million $4.2 billion 3 12 $5 billion $4.3 billion $34.4 million 376 Joseph Campanelli president & CEO 1892 21 Bay State Savings Bank 28 Franklin St., Worcester 01608 508-890-9000 • baystatesavings.com $491.5 million $496.3 million 7 7 $555.1 million $423.5 million $3.8 million 76 Seth A. Pitts president & CEO 1895 22 Enterprise Bank & Trust Co. 65 Main St., Leominster 01453 978-656-5689 • enterprisebanking.com $485.7 million $4.2 billion 3 27 $4.8 billion $3.9 billion $41.4 million 576 Steven R. Larochelle CEO 1989 23 M&T Bank 120 Front St., Worcester 01608 508-890-5199 • mtb.com $472.6 million $165.4 billion 7 1,014 $207.6 billion $133.5 billion $2.7 billion 21,164 Patrick J. Sullivan area executive, New England & senior executive VP, M&T Bank 1856 24 Dean Bank 21 Main St., Franklin 02038 508-528-0088 • deanbank.com $400.5 million (4) $398.3 million 4 4 $474.9 million $329.6 million $504,000 69 Kevin R. Goffe president & CEO 1889 25 Country Bank 8 W. Main St., West Brookfield 01585 800-322-8233 • countrybank.com $398.5 million $1.4 billion 7 14 $2 billion $1.5 billion $8.8 million 230 Mary McGovern president & CEO 1850 26 Milford Federal Bank 246 Main St., Milford 01757 508-634-2500 • milfordfederal.com $334.4 million $394.9 million 3 4 $524.2 million $446.4 million $964,000 62 Paul Gilbody president & CEO 1937 27 Charles River Bank 70 Main St., Medway 02053 508-533-8661 • charlesriverbank.com $282.6 million $291.6 million 4 4 $311.7 million $217.7 million $828,000 50 Derek Plourde president & CEO 1915 28 North Brookfield Savings Bank 35 Summer St., North Brookfield 01535 508-556-4225 • northbrookfieldsavingsbank.com $256.2 million $366.4 million 4 7 $418.9 million $276.7 million $1.2 million 58 Kaz Borawski president & CEO 1854 29 The Village Bank 62 Boston Post Road, Wayland 01778 617-969-4300 • village-bank.com $171.4 million $1.7 billion 1 11 $2 billion $1.6 billion $273,000 137 Joseph A. De Vito president & CEO 1910 30 Eastern Bank 2 South Ave., Natick 01760 508-655-4101 • easternbank.com $118.9 million $21.5 billion 1 124 $25.6 billion $17.5 billion $121.1 million 1,941 Robert F. Rivers chair & CEO 1818 31 Northern Bank & Trust 265 Great Road, Littleton 01460 978-486-3543 • nbtc.com $116.6 million $2.7 billion 3 14 $3.2 billion $2.8 billion $50.2 million 258 James J. Mawn president & CEO 1960 32 Millbury National Bank 18 Main St., Millbury 01527 508-865-9521 • mnbonline.com $105.2 million $106.1 million 1 1 $132.9 million $98.7 million $479,000 23 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 local branches as of June 30, 2024; total deposits, assets, net loans & leases and total employees as of Dec. 31, 2024 (2) Data for U.S. branches as of Feb. 28, 2025 (3) For cumulative four quarters ending Dec. 31, 2024 (4) Local deposits exceed total U.S. deposits due to the latest date when data is available--June 30, 2024 for local deposits and Dec. 31, 2024 for total deposits. (5) Operating under parent company PeoplesBancorp (6) Part of multi-bank holding company, Mutual Bancorp (7) Expected to retire on July 1, 2025, with current CFO & COO Brian Westerlind as successor (8) Expected to retire on March 31, 2025, with current executive vice president & CIO Mary T. Dean as successor -Compiled by: Stephanie R. Meagher, research@nebusinessmedia.com Largest banks Ranked by local deposits as of June 30, 2024 ((11)) Bank Local deposits/ total deposits Local branches/ U.S. branches (2) Total assets/ net loans and leases/ net income (3) Total employees Top local executive Year founded 1 Bank of America NA 306 Turnpike Road, Westborough 01581 508-366-1780 • bankofamerica.com $6.2 billion $1.9 trillion 20 3,677 $2.6 trillion $1.1 trillion $27.2 billion 137,857 Michael Garand market president, Central Mass. 1904 2 TD Bank 370 Main St., Worcester 01608 508-368-6529 • tdbank.com $4.1 billion $297.2 billion 22 1,138 $372.8 billion $179.4 billion -$1.4 billion 27,559 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 $3.9 billion $5.2 billion 26 35 $6.1 billion $3.6 billion $12.5 million 489 Dana Neshe president, chairman & CEO 1835 4 Citizens Bank 34 Main St., Natick 01760 508-653-5100 • citizensbank.com $2.6 billion $178 billion 22 1,022 $217.2 billion $138.1 billion $1.6 billion 16,938 Bruce Van Saun chairman & CEO 2005 5 Santander Bank 507 Main St., Worcester 01608 508-890-6810 • santanderbank.com $2.6 billion $76.9 billion 18 401 $102.7 billion $50 billion $630.3 million 4,316 Christiana Riley president & CEO 1907 6 Berkshire Bank 386 Main St., Worcester 01608 508-797-6844 • berkshirebank.com $2.5 billion $10.5 billion 12 86 $12.3 billion $9.3 billion $73.3 million 1,216 Nitin Mhatre CEO 1846 7 UniBank for Savings 49 Church St., Whitinsville 01588 508-234-8112 • unibank.com $2.4 billion (4) $2.1 billion 14 15 $2.6 billion $2 billion $18.7 million 252 Michael W. Welch CEO 1870 8 Avidia Bank 42 Main St., Hudson 01749 978-562-2222 • avidiabank.com $2 billion $2.1 billion 10 10 $2.7 billion $2.2 billion $12.6 million 248 Robert Cozzone president & CEO 1869 9 Main Street Bank 81 Granger Blvd., Marlborough 01752 508-481-8300 • bankmainstreet.com $1.4 billion (4) $1.3 billion 10 10 $1.6 billion $1.3 billion $8.1 million 138 Walter J. Dwyer IV CEO 1860 10 Cornerstone Bank (5) 230 Park Ave., Worcester 01609 508-421-8070 • cornerstonebank.com $1.3 billion $1.3 billion 11 11 $1.7 billion $1.3 billion -$2.9 million 182 Todd R. Tallman CEO 1871 11 Fidelity Bank (6) 9 Leominster Blvd., Leominster 01453 978-345-4331 • fidelitybankonline.com $1.3 billion $1.4 billion 13 14 $1.6 billion $1.1 billion $7.9 million 169 Edward F. Manzi Jr. chairman & CEO 1888 12 Rockland Trust Co. 301 Grove St., Worcester 01605 508-926-8813 • rocklandtrust.com $1.1 billion $15.4 billion 11 124 $19.4 billion $14.3 billion $197.6 million 1,770 Jeffrey J. Tengel CEO 1907 13 Webster Five Cents Savings Bank 136 Thompson Road, Webster 01570 800-696-9401 • web5.com $968.3 million $980.9 million 7 7 $1.3 billion $999.2 million $6.8 million 138 Donald F. Doyle (7) president & CEO 1868 14 bankHometown 31 Sutton Ave., Oxford 01540 508-987-1200 • bankhometown.com $898.4 million $1.3 billion 11 16 $1.5 billion $1.2 billion $17.5 million 149 Robert J. Morton president & CEO 1889 15 MutualOne Bank 828 Concord St., Framingham 01701 508-820-4000 • mutualone.com $892.3 million (4) $869.9 million 3 3 $1.3 billion $1.1 billion $17.5 million 101 Kristin Carvalho president & CEO 1889 16 Rollstone Bank & Trust 24 Monument Square, Leominster 01453 857-419-3955 • rollstonebank.com $689.6 million $692.5 million 8 8 $912.4 million $650.2 million $1.4 million 101 Martin F. Connors Jr. president & CEO 1846 17 Clinton Savings Bank 200 Church St., Clinton 01510 978-365-3700 • clintonsavings.com $592.3 million $604.4 million 9 10 $742 million $528.7 million -$1.4 million 102 Robert J. Paulhus Jr. (8) president & CEO 1851 18 Savers Bank 38 Auburn St., Auburn 01501 508-832-3251 • saversbank.com $544.5 million $554.5 million 7 7 $770.2 million $585.4 million $3.5 million 86 Rosemary A. Picard president & CEO 1910 19 Athol Savings Bank 388 Main St., Athol 01331 978-249-3200 • atholsb.com $511.1 million $522 million 5 5 $640.8 million $423.8 million $4.5 million 75 Daniel Zona president & CEO 1867 20 Needham Bank 17 W. Central St., Natick 01760 508-647-4999 • needhambank.com $501.5 million $4.2 billion 3 12 $5 billion $4.3 billion $34.4 million 376 Joseph Campanelli president & CEO 1892 B A N K I N G & F I N A N C E F O C U S