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wbjournal.com | Book of Lists 2025 | Worcester Business Journal 11 F O C U S B A N K I N G & F I N A N C E F O C U S 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 21 Bay State Bank (10) 28 Franklin St., Worcester 01608 508-890-9000 • baystatesavings.com $491.5 million (5) $488.2 million 7 7 $547.1 million $427.4 million $357,000 79 $3.8 million Seth A. Pitts president & CEO 1895 22 Enterprise Bank & Trust Co. 65 Main St., Leominster 01453 $485.7 million 3 $4.9 billion 560 Steven R. Larochelle 508-820-4000 • mutualone.com 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 21 Bay State Bank (10) 28 Franklin St., Worcester 01608 508-890-9000 • baystatesavings.com $491.5 million (5) $488.2 million 7 7 $547.1 million $427.4 million $357,000 79 $3.8 million Seth A. Pitts president & CEO 1895 22 Enterprise Bank & Trust Co. 65 Main St., Leominster 01453 978-656-5689 • enterprisebanking.com $485.7 million $4.3 billion 3 27 $4.9 billion $4 billion $11.4 million 560 $41.4 million Steven R. Larochelle CEO 1989 23 M&T Bank 120 Front St., Worcester 01608 508-890-5199 • mtb.com $472.6 million $169.3 billion 7 1,015 $209.8 billion $132.4 billion $616.1 million 21,325 $2.7 billion Patrick J. Sullivan area executive, New England & senior executive vice president, M&T Bank 1856 24 Dean Bank 21 Main St., Franklin 02038 508-528-0088 • deanbank.com $400.5 million $407.6 million 4 4 $477 million $335.2 million $267,000 72 $504,000 Kevin R. Goffe president & CEO 1889 25 Country Bank 8 W. Main St., West Brookfield 01585 800-322-8233 • countrybank.com $398.5 million $1.5 billion 8 14 $2.1 billion $1.6 billion $2.3 million 223 $8.8 million Mary McGovern president & CEO 1850 26 Milford Federal Bank 246 Main St., Milford 01757 508-634-2500 • milfordfederal.com $334.4 million $407.4 million 3 4 $519.3 million $451.6 million $167,000 62 $964,000 Paul Gilbody president & CEO 1937 27 Charles River Bank 70 Main St., Medway 02053 508-533-8661 • charlesriverbank.com $282.6 million $291.8 million 4 4 $312.4 million $227.5 million $112,000 49 $828,000 Derek Plourde president & CEO 1915 28 North Brookfield Savings Bank 35 Summer St., North Brookfield 01535 508-867-1302 • northbrookfieldsavingsbank.com $256.2 million $374.5 million 4 7 $428.8 million $282.5 million $341,000 56 $1.2 million 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 $1.7 million 137 $273,000 Joseph A. De Vito president & CEO 1910 30 Eastern Bank 2 South Ave., Natick 01760 617-558-2307 • easternbank.com $118.9 million $21 billion 1 124 $25 billion $17.7 billion -$214.5 million 1,926 $121.1 million Robert F. Rivers chair & CEO 1818 31 Northern Bank & Trust 265 Great Road, Littleton 01460 978-486-3543 • nbtc.com $116.6 million $2.6 billion 3 14 $3.1 billion $2.7 billion $12.9 million 256 $50.2 million James J. Mawn president & CEO 1960 32 Millbury National Bank 18 Main St., Millbury 01527 508-865-9521 • mnbonline.com $105.2 million $112.8 million 1 1 $135.1 million $99.2 million $98,000 23 $479,000 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 and net loans & leases as of March 31, 2025 (2) Data for U.S. branches as of June 20, 2025 (3) For one quarter ending March 31, 2025 (4) For cumulative four quarters ending Dec. 31, 2024 (5) Local deposits exceed total U.S. deposits due to the latest date when data is available--June 30, 2024 for local deposits and March 31, 2025 for total deposits. (6) Operating under parent company PeoplesBancorp (7) Part of multi-bank holding company, Mutual Bancorp (8) Succeeded Don Doyle on July 1 (9) In May, Hometown Financial Group, the holding company of Oxford-based bankHometown, announced plans to acquire CFSB Bancorp, the holding company of Quincy-based Colonial Federal Savings Bank. (10) Formerly Bay State Savings Bank -Compiled by: Stephanie R. Meagher, research@nebusinessmedia.com The former Bay State Savings Bank changed its name to Bay State Bank in a move its President and CEO Seth Pitts said better reflects its mission to empower people, businesses, and neighborhoods. In 2024, Mary McGovern, president and CEO of Country Bank, became the first woman to lead the institution in its 174-year history. M&T Bank signed a 10-year lease of a former Berkshire Bank location in June. The 3,500-square-foot site is situated on Maple Street in Marlborough. Millbury National Bank celebrated its 200- year anniversary in 2025, making it the second-oldest financial institution out of Central Massachusetts' largest banks.