Worcester Business Journal

10 Worcester Business Journal | Book of Lists 2026 | 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, 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 After just under three years as the state's secretary of housing and livable communities, former Worcester City Manager Edward Augustus stepped down to become the next CEO of Whitinsville-based UniBank. Augustus stepped down from his state job on Feb. 27, taking on the role at UniBank on March 2. He replaces Michael Welch, who announced his pending resignation in January. "Ed Augustus is a collaborative, results-driven leader with deep roots in Central Massachusetts and a strong record of public service. His substantive interaction with the business community throughout the commonwealth, as well as his experience with cities and towns, makes him exceptionally well-suit - ed for this position," said Timothy Wickstrom, chairman of UniBank's Board of Directors. Augustus served as city man- ager of Worcester for eight years, stepping down in 2022 to become the first-ever chancellor of Dean College in Franklin. Augustus' time at Dean was short, as he stepped down after nine months on the job in April 2023. "I am honored to join UniBank and build upon the 150-year legacy of this incredible institution. I look forward to working with Chairman Wickstrom, the Board of Directors, and the very talented team that Michael Welch has so capably led over the last many years," Augustus said. He was named the secretary of housing and livable communities a month later, becoming the first person to take on that role with the state in over 30 years, as the state deals with a persistent housing shortage. – Story by Eric Casey Ed Augustus UniBank picks Augustus as next CEO

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