18 Worcester Business Journal • February 1, 2016 www.wbjournal.com
Top banks
Ranked by local deposits as of June 30, 2015
Bank *
Local deposits/
total deposits
Local
branches/
U.S. branches
Assets/
net income (loss)/
net loans and leases
No. of
employees Top local executive
Year
founded
1
Bank of America
100 Front St., Worcester 01608
800-432-1000 • www.bankofamerica.com
$4,330,044,000
$1.17 tril.
40
4,862
$1,616,426,000,000
$14,126,000,000
$852,334,000,000
152,480
Robert E. Gallery
Massachusetts state president
1904
2
Middlesex Savings Bank
6 Main St., Natick 01760
508-653-0300 • www.middlesexbank.com
$2,568,880,000
$3.6 bil.
24
31
$4,203,344,000
$22,834,000
$2,683,401,000
507
Michael G. McAuliffe
president
1835
3
TD Bank
370 Main St., Worcester 01608
508-368-6529 • www.tdbank.com
$2,292,690,000
$194 bil.
26
1,322
$241,083,450,000
$856,866,000
$119,861,294,000
24,370
Mark Crandall
regional president, Connecticut/
Massachusetts/Rhode Island
1852
4
Santander Bank
446 Main St., Worcester 01608
508-890-6810 • www.santanderbank.com
$1,943,176,000
$57 bil.
39
676
$89,433,539,000
$168,347,000
$52,476,327,000
9,399
Scott Powell
president & CEO
1907
5
RBS Citizens
34 Main St., Natick 01760
508-653-5100 • www.citizensbank.com
$1,867,306,000
$73 bil.
30
858
$104,923,760,000
$545,939,000
$77,410,191,000
14,751
Quincy Miller
Massachusetts state president
2005
6
Commerce Bank & Trust Co.
386 Main St., Worcester 01608
508-797-6842 • www.bankatcommerce.com
$1,522,623,000
$1.57 bil.
14
17
$1,767,770,000
$10,206,000
$1,298,358,000
223
Brian W. Thompson
president & CEO
1955
7
UniBank for Savings
49 Church St., Whitinsville 01588
508-234-8112 • www.unibank.com
$1,378,363,000
$1.4 bil.
10
11
$1,505,202,000
$7,666,000
$1,056,176,000
224
James F. Paulhus
president & CEO
1870
8
Avidia Bank
23 Maple Ave., Shrewsbury 01545
508-845-6244 • www.avidiabank.com
$847,844,000
$848 mil.
9
9
$1,230,862,000
$5,572,000
$958,984,000
198
Mark R. O'Connell
president & CEO
1869
9
People's United Bank
120 Front St., Worcester 01608
508-890-5199 • www.peoples.com
$537,761,000
$30 bil.
7
402
$37,030,028,000
$196,263,000
$27,536,039,000
4,963
Patrick J. Sullivan
president, Eastern Massachusetts
1988
10
Fidelity Co-operative Bank **
9 Leominster Connector, Leominster 01453
978-870-1400 • www.fidelitybankonline.com
$528,946,000
$529 mil.
8
8
$624,213,000
$2,275,000
$453,682,000
124
Edward F. Manzi, Jr.
chairman & CEO
1888
11
Webster Five Cents Savings Bank
136 Thompson Road, Webster 01570
508-943-9401 • www.web5.com
$500,923,000
$501 mil.
7
7
$696,513,000
$3,043,000
$526,296,000
139
Richard T. Leahy
president & CEO
Donald Doyle
senior vice president ***
1868
12
MutualOne Bank
828 Concord St., Framingham 01701
508-820-4000 • www.mutualone.com
$471,744,000
$472 mil.
3
3
$612,254,000
$4,678,000
$511,358,000
80
Mark Haranas
president & CEO
1889
13
Marlborough Savings Bank
81 Granger Blvd., Marlborough 01752
508-481-8300 • www.agreatbank.com
$409,473,000
$409 mil.
6
6
$508,875,000
$2,738,000
$334,109,000
86
Rick Bennett
president & CEO
1860
14
Rollstone Bank & Trust
780 Main St., Fitchburg 01420
978-345-1061 • www.rollstonebank.com
$384,380,000
$384 mil.
7
7
$570,815,000
$2,972,000
$408,995,000
99
Martin F. Connors, Jr.
president & CEO
1846
15
Spencer Savings Bank
176 Main St., Spencer 01562
508-885-5313 • www.spencerbankonline.com
$384,014,000
$384 mil.
6
6
$486,059,000
$1,634,000
$395,960,000
92
K. Michael Robbins
president & CEO
1871
Source: Federal Deposit Insurance Corp. Notes: Local deposits represent deposits at bank locations within Central Massachusetts. Number of employees represents full-time equivalents. Assets, net income, net loans and leases, as well as
employee data are for entire bank network as of Sept. 30, 2015. For companies based outside Central Massachusetts, the address listed is a regional headquarters or local office.
* Address listed represents the branch containing the highest level of deposits within our readership area.
** Fidelity Bank and Barre Savings Bank are expected to complete their merger in Spring 2016. The banks will operate under the Fidelity Bank charter.
*** Expected to succeed Richard Leahy upon his retirement in May 2016.
- Compiled by: Stephanie R. Meagher, smeagher@nebsuinessmedia.com
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