Issue link: https://nebusinessmedia.uberflip.com/i/536667
10 Worcester Business Journal • Book Of Lists 2015 www.wbjournal.com 17 Savers Co-operative Bank 270 Main St., Southbridge 01550 508-764-4329 • www.saversbank.com $338,624,000 $338,624,000 6 6 $462,440,000 $1,386,000 $360,088,000 93 Joseph A. Coderre President & CEO 1910 18 Hometown Bank 31 Sutton Ave., Oxford 01540 508-987-1200 • www.hometowncoop.com $335,944,000 $335,944,000 6 6 $392,833,000 $2,260,000 $324,505,000 81 Michael D. Hewitt President & CEO 1889 19 Spencer Savings Bank 176 Main St., Spencer 01562 508-885-5313 • www.spencerbankonline.com $325,973,000 $325,973,000 6 6 $458,283,000 $1,624,000 $354,869,000 89 K. Michael Robbins President & CEO 1871 20 Rockland Trust Co. 58 Main St., Franklin 02038 508-520-3958 • www.rocklandtrust.com $312,907,000 $5,315,525,000 4 79 $6,384,736,000 $45,909,000 $4,905,430,000 972 Christopher Oddleifson President & CEO 1907 21 North Middlesex Savings Bank 7 Main St., Ayer 01432 978-772-3306 • www.nmsb.com $299,092,000 $299,092,000 7 7 $372,339,000 $1,218,000 $269,356,000 79 Walter J. Dwyer IV President & CEO 1885 22 Athol Savings Bank 444 Main St., Athol 01331 978-249-3200 • www.atholsb.com $281,027,000 $281,027,000 8 8 $340,337,000 $1,162,000 $192,064,000 86 Daniel Zona President & CEO 1867 23 Bay State Savings Bank 28-32 Franklin St., Worcester 01608 508-890-9000 • www.baystatesavings.com $261,827,000 $261,827,000 8 8 $324,074,000 $921,000 $269,074,000 67 Peter B. Alden President & CEO 1895 24 Milford Federal Savings and Loan 246 Main St., Milford 01757 508-634-2500 • www.milfordfederal.com $259,384,000 $298,980,000 3 4 $351,845,000 $161,000 $301,315,000 85 Cynthia A. Casey President & CEO 1937 25 Milford National Bank & Trust Co. 300 E. Main St., Milford 01757 508-634-4100 • www.milfordnationalonline.com $254,472,000 $254,472,000 4 4 $289,971,000 $674,000 $231,488,000 69 Kristin T. Carvalho President & CEO 1849 26 United Bank 33 Waldo St., Worcester 01608 508-752-4800 • www.bankatunited.com $228,693,000 $4,021,100,000 7 5 61 6 $5,306,464,000 $9,479,000 $3,779,139,000 719 William H.W. Crawford IV CEO 1882 27 Dean Bank 21 Main St., Franklin 02038 508-528-0088 • www.deanbank.com $217,918,000 $217,918,000 4 4 $248,622,000 $732,000 $188,083,000 66 Kevin R. Goffe President & CEO 1889 28 Country Bank 8 W. Main St., West Brookfield 01585 508-867-6446 • www.countrybank.com $182,117,000 $941,043,000 6 15 $1,394,906,000 $4,817,000 $905,333,000 226 Paul F. Scully President & CEO 1850 29 Charles River Bank 70 Main St., Medway 02053 508-533-8661 • www.charlesriverbank.com $172,461,000 $172,461,000 4 4 $216,808,000 $484,000 $142,354,000 42 John S. Hamilton President & CEO 1915 30 Millbury Savings Bank 109 Elm St., Millbury 01527 508-865-5811 • www.millburysavingsbank.com $158,851,000 $158,851,000 2 2 $202,977,000 $606,000 $128,256,000 37 Robert Morton President 7 1854 31 Enterprise Bank & Trust Co. 4 Central St., Leominster 01453 978-534-7400 • www.enterprisebanking.com $158,449,000 $1,747,128,000 3 22 $1,961,840,000 $11,353,000 $1,587,391,000 411 John Clancy Jr. CEO 1989 32 North Brookfield Savings Bank 8 9 Gilbert St., North Brookfield 01535 508-867-7442 • www.banknbsb.com $146,606,000 $210,276,000 3 7 $258,549,000 $1,119,000 $149,028,000 70 Donna L. Boulanger President & CEO 1854 33 Barre Savings Bank 56 Common St., Barre 01005 877-355-4693 • www.barrebank.com $119,192,000 $119,192,000 3 3 $152,664,000 $416,000 $115,565,000 38 Guy H. Boyer President & CEO 1869 34 Berkshire Bank 303 Turnpike Rd., Westborough 01581 9 800-773-5601 • www.berkshirebank.com $113,564,000 $4,527,627,000 2 95 $6,336,000,000 $23,525,000 $4,546,907,000 1,015 Michael P. Daly President & CEO 1846 35 The Village Bank 62 Boston Post Rd., Wayland 01778 508-358-5136 • www.village-bank.com $100,773,000 $694,005,000 1 8 $804,587,000 $3,389,000 $627,165,000 110 Joseph A. De Vito President & CEO 1910 36 Northern Bank & Trust 265 Great Rd., Littleton 01460 978-486-3543 • www.nbtc.com $88,896,000 $1,026,391,000 2 12 $1,240,596,000 $10,682,000 $1,022,815,000 158 James J. Mawn, Jr. President & CEO 1960 37 Millbury National Bank 18 Main St., Millbury 01527 508-865-9521 • www.mnbonline.com $73,941,000 $73,941,000 2 2 $80,750,000 $395,000 $56,356,000 17 Kathleen Marcum President 1825 38 Salem Five 19 Concord Rd., Sudbury 01776 978-579-0592 • www.salemfive.com $66,298,000 $2,644,084,000 1 31 $3,577,175,000 $19,279,000 $2,352,305,000 520 Joseph Gibbons 10 President & CEO 1855 39 Colonial Co-operative Bank 6 City Hall Ave., Gardner 01440 978-632-0171 • www.colonial4banking.com $63,697,000 $63,697,000 2 2 $67,469,000 $57,000 $56,900,000 24 Joseph Guercio President & Chief Loan Officer 1915 40 Bristol County Savings Bank 375 W. Central St., Franklin 02038 508-528-2666 • www.bristolcountysavings.com $40,872,000 $1,177,074,000 1 17 $1,577,960,000 $7,903,000 $1,221,224,000 375 Patrick J. Murray, Jr. President & CEO 1846 41 Eastern Bank 2 South Ave., Natick 01760 508-655-4101 • www.easternbank.com $38,191,000 $7,218,552,000 1 102 $8,811,658,000 $45,400,000 $5,758,353,000 1,587 Richard E. Holbrook Chairman & CEO 1818 42 Cambridge Savings Bank 145 Great Rd., Acton 01720 617-575-8514 • www.cambridgesavings.com $36,310,000 $2,061,682,000 1 18 $2,746,013,000 $11,160,000 $2,022,895,000 330 Wayne J. Patenaude President & CEO 1834 43 Family Federal Savings and Loan 130 Whalon St., Fitchburg 01420 978-353-0000 • www.familyfederal.com $35,396,000 $81,045,000 2 3 $94,483,000 $190,000 $52,880,000 19 David Brassard President & CEO 1877 44 Lowell Five Cent Savings Bank 65 Groton St., Pepperell 01463 $23,783,000 $797,259,000 1 16 $949,090,000 $3,083,000 208 David E. Wallace President & CEO 1854 continued Top banks Ranked by local deposits, June 30, 2014 Bank 1 Local deposits/ Total deposits Local branches/ Total branches 2 Assets/ Net income (loss)/ Net loans and leases No. of employees 3 Top local executive Year founded 1 Bank of America 100 Front St., Worcester 01608 800-432-1000 • www.bankofamerica.com $4,069,968,000 $1.046 trillion 40 5,029 $1.52 trillion $9,545,000,000 $743,108,000,000 151,072 Robert E. Gallery President of Bank of America, Massachusetts 1904 2 Middlesex Savings Bank 6 Main St., Natick 01760 508-653-0300 • www.middlesexbank.com $2,466,173,000 $3,538,099,000 24 31 $4,213,655,000 $24,696,000 $2,535,237,000 504 John R. Heerwagen Chairman, President & CEO 1835 3 TD Bank 370 Main St., Worcester 01608 508-368-6529 • www.tdbank.com $2,207,482,000 $185,609,655,000 28 1,324 $224,995,563,000 $886,197,000 $107,764,903,000 25,125 Mark Crandall Regional President, Connecticut/Massachusetts/ Rhode Island 1852 4 Santander Bank 446 Main St., Worcester 01608 508-890-6810 • www.santanderbank.com $1,900,426,000 $51,087,663,000 41 703 $77,335,367,000 $273,932,000 $49,771,299,000 9,081 Roman Blanco President & CEO Santander Bank and Santander Holdings USA 1907 5 RBS Citizens 34 Main St., Natick 01760 508-653-5100 • www.citizensbank.com $1,684,826,000 $68,755,303,000 32 865 $101,843,177,000 $635,823,000 $72,769,576,000 14,673 Girard R. Sargent President, Citizens Bank, Massachusetts 2005 6 Commerce Bank & Trust Co. 386 Main St., Worcester 01608 508-797-6842 • www.bankatcommerce.com $1,503,399,000 $1,700,307,000 14 17 $1,807,413,000 $10,403,000 $1,144,958,000 222 Brian W. Thompson President & CEO 1955 7 UniBank for Savings 49 Church St., Whitinsville 01588 508-234-8112 • www.unibank.com $1,381,870,000 $1,381,870,000 11 11 $1,494,617,000 $6,877,000 $987,428,000 207 James F. Paulhus President & CEO 1870 8 Avidia Bank 42 Main St., Hudson 01749 978-562-2222 • www.avidiabank.com $771,889,000 $771,889,000 9 9 $1,171,498,000 $5,658,000 $863,842,000 181 Mark R. O'Connell President & CEO 1869 9 Fidelity Co-operative Bank 9 Leominster Connector, Leominster 01453 978-870-1400 • www.fidelitybankonline.com $491,296,000 $491,296,000 8 8 $594,266,000 $377,000 $444,585,000 124 Edward F. Manzi, Jr. Chairman & CEO 1888 10 MutualOne Bank 828 Concord St., Framingham 01701 508-820-4000 • www.mutualone.com $440,845,000 $440,845,000 3 3 $582,667,000 $5,242,000 $468,973,000 77 Mark Haranas President & CEO 1889 11 People's United Bank 120 Front St., Worcester 01608 508-890-5199 • www.peoples.com $437,488,000 $24,109,842,000 8 409 $34,531,118,000 $196,997,000 $25,837,986,000 5,132 Patrick J. Sullivan President, Eastern Massachusetts 1988 12 Webster Five Cents Savings Bank 136 Thompson Rd., Webster 01570 508-943-9401 • www.web5.com $435,029,000 $435,029,000 7 7 $622,995,000 $3,643,000 $439,271,000 125 Richard T. Leahy President & CEO 4 1868 13 Marlborough Savings Bank 81 Granger Blvd., Marlborough 01752 508-481-8300 • www.agreatbank.com $395,259,000 $395,259,000 6 6 $485,972,000 $2,396,000 $312,921,000 82 Rick Bennett President & CEO 1860 14 Clinton Savings Bank 200 Church St., Clinton 01510 978-365-3700 • www.clintonsavings.com $386,937,000 $386,937,000 7 7 $479,752,000 $2,364,000 $354,011,000 100 Robert J. Paulhus, Jr. President & CEO 1851 15 Rollstone Bank & Trust 780 Main St., Fitchburg 01420 978-345-1061 • www.rollstonebank.com $378,769,000 $378,769,000 7 7 $601,041,000 $2,219,000 $406,791,000 99 Martin F. Connors, Jr. President & CEO 1846 16 Southbridge Savings Bank 253-257 Main St., Southbridge 01550 508-765-9103 • www.southbridgesavingsbank.com $352,450,000 $352,450,000 9 9 $441,755,000 $824,000 $371,967,000 110 Todd R. Tallman President & CEO 1848 17 Savers Co-operative Bank 270 Main St., Southbridge 01550 508-764-4329 • www.saversbank.com $338,624,000 $338,624,000 6 6 $462,440,000 $1,386,000 $360,088,000 93 Joseph A. Coderre President & CEO 1910 18 Hometown Bank 31 Sutton Ave., Oxford 01540 508-987-1200 • www.hometowncoop.com $335,944,000 $335,944,000 6 6 $392,833,000 $2,260,000 $324,505,000 81 Michael D. Hewitt President & CEO 1889 19 Spencer Savings Bank 176 Main St., Spencer 01562 508-885-5313 • www.spencerbankonline.com $325,973,000 $325,973,000 6 6 $458,283,000 $1,624,000 $354,869,000 89 K. Michael Robbins President & CEO 1871 20 Rockland Trust Co. 58 Main St., Franklin 02038 508-520-3958 • www.rocklandtrust.com $312,907,000 $5,315,525,000 4 79 $6,384,736,000 $45,909,000 $4,905,430,000 972 Christopher Oddleifson President & CEO 1907 21 North Middlesex Savings Bank 7 Main St., Ayer 01432 978-772-3306 • www.nmsb.com $299,092,000 $299,092,000 7 7 $372,339,000 $1,218,000 $269,356,000 79 Walter J. Dwyer IV President & CEO 1885 22 Athol Savings Bank 444 Main St., Athol 01331 978-249-3200 • www.atholsb.com $281,027,000 $281,027,000 8 8 $340,337,000 $1,162,000 $192,064,000 86 Daniel Zona President & CEO 1867 More than doubled its asset base in 2014 following last year's acquisition of Rockville Bank, of Glastonbury, Conn. Gained 12.3 percent in deposits and 8.3 percent in assets between 2013 and 2014. Recently donated $500,000, the largest gift in its 165-year history, to support the expansion of Milford Regional Medical Center. Added six branches between 2013 and 2014, and more than 50 employees.