Issue link: https://nebusinessmedia.uberflip.com/i/1537483
10 Worcester Business Journal | Book of Lists 2025 | 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, 2024 ((11)) Bank Local deposits/ total deposits Local branches/ U.S. branches (2) Total assets/ net loans and leases/ net income (3) Total employees/ net income 2024 (4) Top local executive Year founded 1 Bank of America 306 Turnpike Road, Westborough 01581 508-366-1780 • bankofamerica.com $6.2 billion $1.9 trillion 20 3,870 $2.6 trillion $1.1 trillion $7.1 billion 137,585 $27.2 billion Michael Garand market president, Central Mass. 1904 2 TD Bank 370 Main St., Worcester 01608 508-368-6529 • tdbank.com $4.1 billion $295.4 billion 22 1,105 $366.5 billion $169.8 billion $386.2 million 27,898 -$1.4 billion 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 $5.3 billion 26 35 $6.1 billion $3.5 billion $4.4 million 496 $12.5 million Dana Neshe president, chairman & CEO 1835 4 Citizens Bank 34 Main St., Natick 01760 508-653-5100 • citizensbank.com $2.6 billion $181.4 billion 22 1,015 $220 billion $138.5 billion $415.7 million 16,977 $1.6 billion Bruce Van Saun chairman & CEO 2005 5 Santander Bank 507 Main St., Worcester 01608 508-890-6810 • santanderbank.com $2.6 billion $80.8 billion 18 400 $104.6 billion $49.8 billion $136.3 million 5,407 $630.3 million Christiana Riley president & CEO 1907 6 Berkshire Bank 386 Main St., Worcester 01608 508-797-6844 • berkshirebank.com $2.5 billion $10 billion 12 86 $12 billion $9.3 billion $27.6 million 1,186 $73.3 million Nitin Mhatre CEO 1846 7 UniBank for Savings 49 Church St., Whitinsville 01588 508-234-8112 • unibank.com $2.4 billion (5) $2.3 billion 15 15 $2.7 billion $2 billion $4.1 million 254 $18.7 million 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 -$11.3 million 250 $12.6 million Robert Cozzone president & CEO 1869 9 Main Street Bank 81 Granger Blvd., Marlborough 01752 508-481-8300 • bankmainstreet.com $1.4 billion $1.4 billion 6 6 $1.6 billion $1.3 billion $2.9 million 142 $8.1 million Walter J. Dwyer IV CEO 1860 10 Cornerstone Bank (6) 230 Park Ave., Worcester 01609 508-421-8070 • cornerstonebank.com $1.3 billion $1.3 billion 12 12 $1.7 billion $1.3 billion $1.6 million 187 -$2.9 million Todd R. Tallman CEO 1871 11 Fidelity Bank (7) 9 Leominster Blvd., Leominster 01453 978-345-4331 • fidelitybankonline.com $1.3 billion $1.3 billion 13 14 $1.6 billion $1.1 billion $3.4 million 177 $7.9 million Edward F. Manzi Jr. chairman & CEO 1888 12 Rockland Trust Co. 301 Grove St., Worcester 01605 508-926-8813 • rocklandtrust.com $1.1 billion $15.9 billion 11 125 $19.9 billion $14.4 billion $46.8 million 1,778 $197.6 million Jeffrey J. Tengel CEO 1907 13 Webster Five Cents Savings Bank 35 Millbury St., Auburn 01501 800-696-9401 • web5.com $968.3 million $988.4 million 7 7 $1.3 billion $995.6 million $2.3 million 139 $6.8 million Brian Westerlind (8) president & CEO 1868 14 bankHometown (9) 31 Sutton Ave., Oxford 01540 508-987-1200 • bankhometown.com $898.4 million $1.3 billion 11 16 $1.6 billion $1.2 billion $4.5 million 148 $17.5 million Robert J. Morton president & CEO 1889 15 MutualOne Bank 828 Concord St., Framingham 01701 508-820-4000 • mutualone.com $892.3 million $894.2 million 3 3 $1.2 billion $1.1 billion -$855,000 101 $17.5 million Kristin Carvalho president & CEO 1889 16 Rollstone Bank & Trust 24 Monument Square, Leominster 01453 857-419-3955 • rollstonebank.com $689.6 million $720.7 million 8 8 $930.3 million $657 million -$523,000 97 $1.4 million Martin F. Connors Jr. president & CEO 1846 17 Clinton Savings Bank 200 Church St., Clinton 01510 978-365-3700 • clintonsavings.com $592.3 million $597.3 million 10 10 $749.8 million $529.4 million -$298,000 104 -$1.4 million Mary T. Dean president & CEO 1851 18 Savers Bank 38 Auburn St., Auburn 01501 508-832-3251 • saversbank.com $544.5 million $566.5 million 7 7 $777.8 million $587.4 million $1.1 million 80 $3.5 million Rosemary A. Picard president & CEO 1910 19 Athol Savings Bank 388 Main St., Athol 01331 978-249-3200 • atholsb.com $511.1 million $547.5 million 5 5 $675.7 million $369,000 $428.2 million 77 $4.5 million Daniel Zona president & CEO 1867 20 Needham Bank 17 W. Central St., Natick 01760 508-647-4999 • needhambank.com $501.5 million $4.3 billion 3 12 $5.1 billion $4.4 billion $11 million 394 $34.4 million Joseph Campanelli president & CEO 1892 UniBank donates about 10% of its annual income to Central Massachusetts causes, totalling about $2.2 million in 2024. After a 16-year tenure, Cornerstone Bank President Randal Webber announced in March he would step down from his role in early 2026. In May, bankHometown's holding company Hometown Financial Group announced it would acquire CFSB Bancorp, the Quincy- based holding company of Colonial Federal Savings Bank, to form a nearly $6.9 billion entity. Rollstone Bank & Trust finalized its merger with Newburyport-based firm River Run Bancorp in July. RBT will continue to operate under its existing branding with its same headquarters and board of directors. Savers Bank brought back its chief operating officer position after a four- year hiatus in October, promoting employee Keri Gonzalez to the revived C-Suite role. Dana Neshe is the first woman to hold the roles of president and CEO at Middlesex Savings Bank after assuming her leading positions in 2024. Today, she heads the largest woman-run bank in Central Massachusetts.