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wbjournal.com | Book of Lists 2026 | 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, 2025 ((11)) Bank (2) Local deposits/ (3) total deposits (4) Local branches/ (3) U.S. branches (4) Total assets/ (4) net loans and leases/ (4) net income (5) Total employees/ (4) net income 2025 (6) Top executive Year founded 1 Bank of America 306 Turnpike Road, Westborough 01581 508-366-1780 • bankofamerica.com $6 billion $2 trillion 20 3,610 $2.7 trillion $1.2 trillion $7.4 billion 136,056 $30.4 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 $282.5 billion 20 1,053 $345.6 billion $163.1 billion $628.4 million 29,545 $1.9 billion Steve C. Webb regional president, Southern New England and Upstate New York 1852 3 Middlesex Savings Bank 6 Main St., Natick 01760 508-653-0300 • middlesexbank.com $3.9 billion $5.2 billion 26 35 $6.2 billion $3.7 billion $9 million 493 $33.3 million Dana Neshe president, chairman & CEO 1835 4 Citizens Bank 270 Great Road, Acton 01720 978-263-8376 • citizensbank.com $2.6 billion $186.9 billion 20 975 $227.1 billion $143.6 billion $533.4 million 17,016 $1.9 billion Bruce Van Saun chairman & CEO 2005 5 Santander Bank 490 Cochituate Road, Framingham 01701 508-370-0601 • santanderbank.com $2.5 billion $80.1 billion 18 373 $106.1 billion $55.3 billion $263 million 5,787 $1.4 billion Christiana Riley president & CEO 1907 6 UniBank for Savings 49 Church St., Whitinsville 01588 508-234-8112 • unibank.com $2.5 billion (7) $2.4 billion 15 15 $2.9 billion $2.1 billion $6.8 million 266 $22.2 million Edward Augustus (8) CEO 1870 7 Avidia Bancorp Inc. (Avidia Bank) (9) 42 Main St., Hudson 01749 978-562-2222 • avidiabank.com $2.5 billion (7) $2.2 billion 10 10 $2.8 billion $2.3 billion $6.3 million 244 $5 million Robert Cozzone president & CEO 1869 8 Beacon Bank (10) 386 Main St., Worcester 01608 508-797-6844 • beaconbank.com $2.3 billion (11) $18.4 billion 12 (11) 150 $22.2 billion $17.7 billion $50.9 million 1,924 $102.4 million Elizabeth Mineo president, Worcester & Eastern Conn. Paul A. Perrault CEO 1846 9 Main Street Bank 81 Granger Blvd., Marlborough 01752 508-481-8300 • bankmainstreet.com $1.4 billion (7) $1.3 billion 6 6 $1.6 billion $1.3 billion $2.2 million 141 $10.5 million Walter J. Dwyer IV CEO 1860 10 Cornerstone Bank (12) 176 Main St., Spencer 01562 800-939-9103 • cornerstonebank.com $1.3 billion (13) $1.9 billion 12 (14) 17 $2.4 billion $1.9 billion $4.1 million 242 $8.3 million Todd R. Tallman CEO 1871 11 Fidelity Bank (15) 9 Leominster Connector, Leominster 01453 978-345-4331 • fidelitybankonline.com $1.3 billion (7) $1.1 billion 12 13 $1.3 billion $989.1 million $2.7 million 550 -$7.7 million Matthew Burke chairman & CEO 1888 12 Rockland Trust Co. (16) 58 Main St., Franklin 02038 508-520-3958 • rocklandtrust.com $1.2 billion (17) $20.2 billion 12 (17) 152 $24.8 billion $18.3 billion $88.7 million 2,187 $224.5 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 (7) $1 billion 7 7 $1.3 billion $982.4 million $2.4 million 141 $9.6 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 15 $1.6 billion $1.2 billion $4.6 million 150 $17.8 million Robert J. Morton president & CEO 1889 15 MutualOne Bank 828 Concord St., Framingham 01701 508-820-4000 • mutualone.com $853.8 million $968.3 million 3 3 $1.3 billion $899.3 million $830,000 102 -$3.9 million Kristin Carvalho president & CEO 1889 16 Rollstone Bank & Trust 24 Monument Square, Leominster 01453 857-419-3955 • rollstonebank.com $706.3 million (7) $683.9 million 8 8 $836 million $584.7 million $138,000 89 -$5.3 million Mary Beth Jokela president & CEO 1846 17 Clinton Savings Bank 200 Church St., Clinton 01510 978-365-3700 • clintonsavings.com $591.2 million (7) $583.1 million 8 9 $728.9 million $510 million $442,000 100 -$5.3 million Mary T. Dean president & CEO 1851 18 Needham Bank 17 W. Central St., Natick 01760 508-647-4999 • needhambank.com $581.6 million $6.1 billion 3 19 $7.2 billion $6.2 billion $14.4 million 541 $49.6 million Joseph Campanelli president & CEO 1892 19 Athol Savings Bank, a division of Cornerstone Bank (18) 388 Main St., Athol 01331 978-249-3200 • atholsb.com $558.4 million (19) N/A 5 (19) N/A N/A N/A N/A N/A N/A Daniel Zona president, Cornerstone Bank 1867 20 Savers Bank 38 Auburn St., Auburn 01501 508-832-3251 • saversbank.com $553.8 million $568.7 million 7 7 $797.8 million $616 million $1.2 million 84 $2.3 million Rosemary A. Picard president & CEO 1910 21 Bay State Bank 28 Franklin St., Worcester 01608 508-890-9000 • baystatesavings.com $494.2 million $524 million 7 7 $585.4 million $467.7 million $583,000 82 $2.1 million Seth A. Pitts president & CEO 1895 22 Enterprise Bank & Trust Co. (20) 420 John Fitch Highway, Fitchburg 01420 978-353-6777 • enterprisebanking.com $484.7 million (21) N/A 3 (21) N/A N/A N/A N/A N/A N/A Jeffrey J. Tengel president & CEO, Rockland Trust Co. 1989 23 M&T Bank 75 Gold Star Blvd., Worcester 01605 508-595-1400 • mtb.com $461.5 million $167.2 billion 7 983 $214.2 billion $137.9 billion $679 million 20,792 $2.9 billion Jeff Carpenter regional president, Mass. market 1856 24 Dean Bank 21 Main St., Franklin 02038 508-528-0088 • deanbank.com $414.9 million $422.7 million 4 4 $493.3 million $344.1 million $487,000 71 $1.4 million Kevin R. Goffe president & CEO 1889 25 Country Bank $412.4 million 8 $2.2 billion 237 Mary C. McGovern 18 Needham Bank 17 W. Central St., Natick 01760 508-647-4999 • needhambank.com $581.6 million $6.1 billion 3 19 $7.2 billion $6.2 billion $14.4 million 541 $49.6 million Joseph Campanelli president & CEO 1892 19 Athol Savings Bank, a division of Cornerstone Bank (18) 388 Main St., Athol 01331 978-249-3200 • atholsb.com $558.4 million (19) N/A 5 (19) N/A N/A N/A N/A N/A N/A Daniel Zona president, Cornerstone Bank 1867 20 Savers Bank 38 Auburn St., Auburn 01501 508-832-3251 • saversbank.com $553.8 million $568.7 million 7 7 $797.8 million $616 million $1.2 million 84 $2.3 million Rosemary A. Picard president & CEO 1910 21 Bay State Bank 28 Franklin St., Worcester 01608 508-890-9000 • baystatesavings.com $494.2 million $524 million 7 7 $585.4 million $467.7 million $583,000 82 $2.1 million Seth A. Pitts president & CEO 1895 22 Enterprise Bank & Trust Co. (20) 420 John Fitch Highway, Fitchburg 01420 978-353-6777 • enterprisebanking.com $484.7 million (21) N/A 3 (21) N/A N/A N/A N/A N/A N/A Jeffrey J. Tengel president & CEO, Rockland Trust Co. 1989 23 M&T Bank 75 Gold Star Blvd., Worcester 01605 508-595-1400 • mtb.com $461.5 million $167.2 billion 7 983 $214.2 billion $137.9 billion $679 million 20,792 $2.9 billion Jeff Carpenter regional president, Mass. market 1856 24 Dean Bank 21 Main St., Franklin 02038 508-528-0088 • deanbank.com $414.9 million $422.7 million 4 4 $493.3 million $344.1 million $487,000 71 $1.4 million Kevin R. Goffe president & CEO 1889 25 Country Bank 8 W. Main St., West Brookfield 01585 800-322-8233 • countrybank.com $412.4 million $1.7 billion 8 15 $2.2 billion $1.7 billion $3.7 million 237 $12.8 million Mary C. McGovern president & CEO 1850 26 Milford Federal Bank 246 Main St., Milford 01757 508-634-2500 • milfordfederal.com $351 million $445.4 million 3 4 $545.5 million $462.2 million $393,000 62 $1.7 million Paul Gilbody president & CEO 1937 27 Charles River Bank 70 Main St., Medway 02053 508-533-8661 • charlesriverbank.com $298.4 million $306.6 million 4 4 $330.1 million $233.1 million $279,000 47 $1.1 million Derek Plourde president & CEO 1915 28 North Brookfield Savings Bank 35 Summer St., North Brookfield 01535 508-867-7442 • northbrookfieldsavingsbank.com $261 million $374.4 million 4 7 $439.9 million $292 million $536,000 53 $2 million Kaz Borawski president & CEO 1854 29 JPMorgan Chase Bank 120 Worcester Road, Framingham 01702 508-861-1276 • chase.com $245 million $2.2 trillion 7 5,132 $4 trillion $1.5 trillion $14 billion 227,258 $49.6 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 $2 billion $1.7 billion $2 million 143 $9.2 million Joseph A. De Vito president & CEO 1910 31 Northern Bank & Trust 289 Great Road, Littleton 01460 978-486-3543 • nbtc.com $133.9 million $2.7 billion 3 14 $3.3 billion $2.8 billion $14.3 million 255 $52.4 million James J. Mawn president & CEO 1960 32 Millbury National Bank 18 Main St., Millbury 01527 508-865-9521 • mnbonline.com $113.9 million $119.2 million 1 1 $140.8 million $109.2 million $314,000 22 $955,000 John T. Latino Jr. president & CEO 1825 33 PNC Bank 571 Worcester Road, Framingham 01701 508-808-7121 • pnc.com $103.3 million $440.7 billion 1 2,326 $567.9 billion $342.4 billion $1.9 billion 57,168 $7.2 billion William S. Demchak CEO 1804 34 Eastern Bank 2 South Ave., Natick 01760 617-558-2307 • easternbank.com $103 million $25.3 billion 1 144 $30.6 billion $22.6 billion $66.3 million 2,306 $103.8 million Denis K. Sheahan CEO 1818 35 Salem Five 19 Concord Road, Sudbury 01776 978-579-0592 • salemfive.com $82.1 million $6 billion 1 34 $8.6 billion $6.5 billion $19.5 million 666 $73.6 million Ping Yin Chai president & CEO 1855 36 Lowell Five Cent Savings Bank 65 Groton St., Pepperell 01463 978-452-1300 • lowellfive.com $62 million $1.6 billion 1 15 $1.9 billion $1.5 billion $3.1 million 206 $16.1 million Jason K. Stephens president & CEO 1854 37 Northeast Community Bank 35 Edgell Road, Framingham 01701 508-879-0006 • necommunitybank.com $38.3 million $1.6 billion 1 12 $2 billion $1.8 billion $10.4 million 146 $45.6 million Kenneth Martinek chairman & CEO 1934 38 Bristol County Savings Bank 365 W. Central St., Franklin 02038 508-528-2666 • bristolcountysavings.com $23.7 million $2.6 billion 1 18 $3.2 billion $2.6 billion $5.5 million 434 $18.3 million John Silva president & CEO 1846 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. The June 30, 2026 deposit market share report was not available when WBJ's 2026 Book of Lists went to press. (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 March 31, 2026 (5) For the quarter ended March 31, 2026 (6) For the cumulative four quarters ended Dec. 31, 2025 (7) Local deposits exceed total U.S. deposits due to the latest date when data is available: June 30, 2025 for local deposits and March 31, 2026 for total deposits. (8) On March 2, 2026, succeeded Michael Welch (9) In August 2025, Avidia converted from a mutual community bank to a publicly traded company. (10) On Sept. 1, 2025, Berkshire Hills Bancorp and Brookline Bancorp merged to form Beacon Financial Corp., parent of Beacon Bank. (11) Reported under Berkshire Bank (12) On Dec. 31, 2025, Cornerstone Bank and Athol Savings Bank merged. (13) Additional $558.4 million in deposits were reported under Athol Savings Bank. (14) Does not include 5 branches that are part of Athol Savings Bank, now operating as a division of Cornerstone Bank (15) Part of multi-bank holding company, Mutual Bancorp (16) In July 2025, Rockland Trust Co. and Enterprise Bank & Trust Co. merged. (17) Reported prior to merger with Fitchburg's Enterprise Bank & Trust Co. (18) On Dec. 31, 2025, Cornerstone Bank and Athol Savings Bank merged; see Cornerstone Bank. (19) Reported prior to merger with Spencer's Cornerstone Bank (20) In July 2025, Rockland Trust Co. and Enterprise Bank & Trust Co. merged; see Rockland Trust Co. (21) Reported prior to merger with Rockland Trust Co. -Compiled by: Stephanie R. Meagher, research@nebusinessmedia.com 2019 $396 million 2020 $402 million 1.40% 2021 $390 million -3.04% 2022 $423 million 8.48% 2023 $439 million 3.77% 2024 $423 million -3.49% 2025 $466 million 9.92% Source: Federal Deposit Insurance Corp. Bay State Bank's steady growth The Worcester-based bank has been allocating more funds to loans and leases in the past five years as its total assets have grown. Net loans and leases % growth in loans & leases Year 2019 $438 million 2020 $469 million 7.18% 2021 $492 million 4.78% 2022 $501 million 1.83% 2023 $521 million 4.05% 2024 $555 million 6.57% 2025 $572 million 3.04% Total assets % change in total assets Year