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wbjournal.com | March 9, 2026 | Worcester Business Journal 19 care as innovative as you Largest banks Ranked by local deposits as of June 30, 2025 ((11)) Bank (2) Local deposits/ (3) total deposits (4) Local branches/ (3) U.S. branches/ (4) total employees (4) Total assets/ (4) net loans and leases/ (4) net income (5) Top executive Year founded 1 Bank of America 306 Turnpike Road, Westborough 01581 508-366-1780 • bankofamerica.com $6 billion $2 trillion 20 3,631 135,643 $2.7 trillion $1.1 trillion $22.5 billion Michael Garand market president, Central Mass. 1904 2 TD Bank 407 Boston Post Road, Sudbury 01776 978-443-3399 • tdbank.com $4.1 billion $287.1 billion 20 1,104 28,266 $350.9 billion $164.9 billion $1.5 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 $5.2 billion 26 35 506 $6.1 billion $3.5 billion $24.1 million Dana Neshe president, chairman & CEO 1835 4 Citizens Bank 270 Great Road, Acton 01720 978-263-8376 • citizensbank.com $2.6 billion $183.7 billion 20 990 17,158 $222.1 billion $140.4 billion $1.4 billion Bruce Van Saun chairman & CEO 2005 5 Santander Bank 490 Cochituate Road, Framingham 01701 508-370-0601 • santanderbank.com $2.5 billion $74.4 billion 18 381 5,217 $97.7 billion $48.5 billion $874.3 million Christiana Riley president & CEO 1907 6 UniBank for Savings 49 Church St., Whitinsville 01588 508-234-8112 • unibank.com $2.5 billion (6) $2.2 billion 15 15 270 $2.8 billion $2.1 billion $16.7 million Edward Augustus (7) CEO 1870 7 Avidia Bancorp Inc. (8) 42 Main St., Hudson 01749 978-562-2222 • avidiabank.com $2.5 billion (6) $2.2 billion 10 10 246 $2.8 billion $2.3 billion -$920,000 Robert Cozzone president & CEO 1869 8 Beacon Bank (9) 386 Main St., Worcester 01608 508-797-6844 • beaconbank.com $2.3 billion (10) $19.1 billion 12 (10) 151 2,028 $22.8 billion $18.1 billion -$4.8 million Paul A. Perrault CEO 1846 9 Main Street Bank 81 Granger Blvd., Marlborough 01752 508-481-8300 • bankmainstreet.com $1.4 billion (6) $1.3 billion 6 6 156 $1.7 billion $1.3 billion $8.6 million Walter J. Dwyer IV CEO 1860 10 Cornerstone Bank (11) 176 Main St., Spencer 01562 800-939-9103 • cornerstonebank.com $1.3 billion $1.4 billion 12 12 195 $1.8 billion $1.4 billion $3.5 million Todd R. Tallman CEO 1871 11 Fidelity Bank (12) 9 Leominster Connector, Leominster 01453 978-345-4331 • fidelitybankonline.com $1.3 billion $1.3 billion 12 13 118 $1.4 billion $1.1 billion -$3.3 million Matthew Burke chairman & CEO 1888 12 Rockland Trust Co. (13) 58 Main St., Franklin 02038 508-520-3958 • rocklandtrust.com $1.2 billion (14) $20.4 billion 12 (14) 152 2,277 $25 billion $18.3 billion $147 million Jeffrey J. Tengel president & CEO 1907 13 Webster Five Cents Savings Bank 136 Thompson Road, Webster 01570 508-943-9401 • web5.com $1 billion $1 billion 7 7 141 $1.3 billion $995.3 million $7.5 million Brian Westerlind president & CEO 1868 14 bankHometown 31 Sutton Ave., Oxford 01540 508-987-1200 • bankhometown.com $942.5 million $1.4 billion 10 16 147 $1.6 billion $1.3 billion $15 million Robert J. Morton president & CEO 1889 15 MutualOne Bank 828 Concord St., Framingham 01701 508-820-4000 • mutualone.com $853.8 million $863.5 million 3 3 104 $1.2 billion $997.8 million -$7.5 million Kristin Carvalho president & CEO 1889 16 Rollstone Bank & Trust 24 Monument Square, Leominster 01453 857-419-3955 • rollstonebank.com $706.3 million (6) $687.8 million 8 8 89 $905 million $630 million -$3.1 million Mary Beth Jokela president & CEO 1846 17 Clinton Savings Bank 200 Church St., Clinton 01510 978-365-3700 • clintonsavings.com $591.2 million (6) $565.7 million 8 8 101 $747.4 million $525.1 million -$1.1 million Mary T. Dean president & CEO 1851 18 Needham Bank 17 W. Central St., Natick 01760 508-647-4999 • needhambank.com $581.6 million $4.6 billion 3 12 391 $5.4 billion $4.7 billion $39.6 million Joseph Campanelli president & CEO 1892 19 Athol Savings Bank, a division of Cornerstone Bank (11) 388 Main St., Athol 01331 978-249-3200 • atholsb.com $558.4 million (6) $554.1 million 5 5 78 $681.2 million $431.9 million $4.4 million Daniel Zona president, Cornerstone Bank 1867 20 Savers Bank 38 Auburn St., Auburn 01501 508-832-3251 • saversbank.com $553.8 million $571 million 7 7 88 $794.6 million $610.7 million $2 million Rosemary A. Picard president & CEO 1910 21 Bay State Bank 28 Franklin St., Worcester 01608 508-890-9000 • baystatesavings.com $494.2 million $520.8 million 7 79 $581.4 million $453.6 million $1.3 million Seth A. Pitts president & CEO 1895 22 Enterprise Bank & Trust Co. (13) 420 John Fitch Highway, Fitchburg 01420 978-353-6777 • enterprisebanking.com $484.7 million (15) N/A 3 (15) N/A N/A N/A N/A Steven R. Larochelle (16) consultant, Rockland Trust 1989 23 M&T Bank $461.5 million 7 $210.7 billion Jeff Carpenter 16 857-419-3955 • rollstonebank.com $687.8 million 89 -$3.1 million president & CEO 17 Clinton Savings Bank 200 Church St., Clinton 01510 978-365-3700 • clintonsavings.com $591.2 million (6) $565.7 million 8 8 101 $747.4 million $525.1 million -$1.1 million Mary T. Dean president & CEO 1851 18 Needham Bank 17 W. Central St., Natick 01760 508-647-4999 • needhambank.com $581.6 million $4.6 billion 3 12 391 $5.4 billion $4.7 billion $39.6 million Joseph Campanelli president & CEO 1892 19 Athol Savings Bank, a division of Cornerstone Bank (11) 388 Main St., Athol 01331 978-249-3200 • atholsb.com $558.4 million (6) $554.1 million 5 5 78 $681.2 million $431.9 million $4.4 million Daniel Zona president, Cornerstone Bank 1867 20 Savers Bank 38 Auburn St., Auburn 01501 508-832-3251 • saversbank.com $553.8 million $571 million 7 7 88 $794.6 million $610.7 million $2 million Rosemary A. Picard president & CEO 1910 21 Bay State Bank 28 Franklin St., Worcester 01608 508-890-9000 • baystatesavings.com $494.2 million $520.8 million 7 79 $581.4 million $453.6 million $1.3 million Seth A. Pitts president & CEO 1895 22 Enterprise Bank & Trust Co. (13) 420 John Fitch Highway, Fitchburg 01420 978-353-6777 • enterprisebanking.com $484.7 million (15) N/A 3 (15) N/A N/A N/A N/A Steven R. Larochelle (16) consultant, Rockland Trust 1989 23 M&T Bank 75 Gold Star Blvd., Worcester 01605 508-595-1400 • mtb.com $461.5 million $167.6 billion 7 982 21,371 $210.7 billion $134.9 billion $2.1 billion Jeff Carpenter regional president, Mass. market 1856 24 Dean Bank 21 Main St., Franklin 02038 508-528-0088 • deanbank.com $414.9 million (6) $409.2 million 4 4 70 $479.4 million $338.9 million $971,000 Kevin R. Goffe president & CEO 1889 25 Country Bank 8 W. Main St., West Brookfield 01585 800-322-8233 • countrybank.com $412.4 million $1.6 billion 8 15 227 $2.2 billion $1.7 billion $9 million Mary C. McGovern president & CEO 1850 26 Milford Federal Bank 246 Main St., Milford 01757 508-634-2500 • milfordfederal.com $351 million $421.6 million 3 4 63 $537.8 million $470.1 million $1.1 million Paul Gilbody president & CEO 1937 27 Charles River Bank 70 Main St., Medway 02053 508-533-8661 • charlesriverbank.com $298.4 million $303 million 4 4 47 $325.4 million $234.9 million $726,000 Derek Plourde president & CEO 1915 28 North Brookfield Savings Bank 9 Gilbert St., North Brookfield 01535 508-867-7442 • northbrookfieldsavingsbank.com $261 million $368.2 million 4 7 53 $438.1 million $294.7 million $1.4 million Kaz Borawski president & CEO 1854 29 JPMorgan Chase Bank 120 Worcester Road, Framingham 01702 508-861-1276 • chase.com $245 million $2.1 trillion 7 5,054 226,927 $3.8 trillion $1.4 trillion $38.2 billion Rick MacDonald managing director, New England 1824 30 The Village Bank 62 Boston Post Road, Wayland 01778 617-969-4300 • village-bank.com $195.2 million $1.8 billion 1 11 143 $2 billion $1.7 billion $6.6 million Joseph A. De Vito president & CEO 1910 31 Northern Bank & Trust 265 Great Road, Littleton 01460 978-486-3543 • nbtc.com $133.9 million $2.7 billion 3 14 254 $3.2 billion $2.8 billion $42 million James J. Mawn president & CEO 1960 32 Millbury National Bank 18 Main St., Millbury 01527 508-865-9521 • mnbonline.com $113.9 million $113.9 million 1 1 21 $140 million $105.8 million $610,000 John T. Latino Jr. (17) president & CEO 1825 33 PNC Bank 571 Worcester Road, Framingham 01701 508-808-7121 • pnc.com $103.3 million $439.1 billion 1 2,327 54,034 $564 billion $323.3 billion $5.2 billion William S. Demchak CEO 1804 34 Eastern Bank 2 South Ave., Natick 01760 617-558-2307 • easternbank.com $103 million $21.4 billion 1 111 1,981 $25.4 billion $18.3 billion -$5.2 million Denis K. Sheahan CEO 1818 Sources: Federal Deposit Insurance Corp., bank websites and press releases. Note: $41.7 billion was deposited across 292 branch offices in 38 banks doing business in Central Mass., as of FDIC's Q2 2025 deposit market share report, which is updated annually. (1) Local deposits are deposits in offices in Worcester County and MetroWest. (2) Address is for the local branch with the highest amount of deposits. (3) As of June 30, 2025 (4) As of Sept. 30, 2025 (5) For three quarters ended Sept. 30, 2025 (6) Local deposits exceed total U.S. deposits due to the latest date when data is available--June 30, 2025 for local deposits and Sept. 30, 2025 for total deposits. (7) On March 2, 2026, succeeded Michael Welch (8) In August 2025, Avidia converted from a mutual community bank to a publicly-traded company. (9) In September 2025, Berkshire Bank merged with Brookline Bancorp to form Beacon Bank. (10) Reported under Berkshire Bank (11) On Dec. 31, 2025, Cornerstone Bank and Athol Savings Bank merged; data was reported prior to the merger. (12) Part of multi-bank holding company, Mutual Bancorp (13) In July 2025, Rockland Trust Co. and Enterprise Bank & Trust Co. merged. (14) Reported prior to merger with Enterprise Bank & Trust Co. (15) Reported prior to merger with Rockland Trust Co. (16) Former CEO of Enterprise Bank & Trust Co., expected to serve as a consultant to Rockland Trust Co. until July 2026 (17) Succeeded Kathleen Marcum, upon her retirement in August 2025 -Compiled by: Stephanie R. Meagher, research@nebusinessmedia.com BANKING & FINANCE F O C U S cont.