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18 Worcester Business Journal • Book of Lists 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 365 Main St., Worcester 01608 508-751-8060 • www.bankofamerica.com $4,330,044,000 $1.17 trillion 41 4,800 $1,616,426,000,000 $14,126,000,000 $852,334,000,000 152,480 Edwin Thomas Shea 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 billion 21 29 $4,203,344,000 $22,834,000 $2,683,401,000 507 Michael G. McAuliffe president & CEO 1835 3 TD Bank 370 Main St., Worcester 01608 508-368-6529 • www.tdbank.com $2,292,690,000 $194 billion 28 1,328 $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 billion 40 676 $89,433,539,000 $168,347,000 $52,476,327,000 9,399 Scott Powell president & CEO 1907 5 Citizens Bank 34 Main St., Natick 01760 508-653-5100 • www.citizensbank.com $1,867,306,000 $73 billion 32 858 $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 01615 508-797-6842 • www.bankatcommerce.com $1,522,623,000 $1.57 billion 13 16 $1,767,770,000 $10,206,000 $1,298,358,000 223 Brian W. Thompson president & CEO 1955 7 UniBank for Savings 24 Gold Star Blvd., Worcester 01605 508-756-0807 • www.unibank.com $1,378,363,000 $1.4 billion 12 12 $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 million 8 8 $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 billion 7 403 $37,030,028,000 $196,263,000 $27,536,039,000 4,963 Patrick J. Sullivan president, Massachusetts 1988 10 Fidelity Bank 9 Leominster Connector, Leominster 01453 978-870-1306 • www.fidelitybankonline.com $528,946,000 $529 million 10 10 $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 million 7 7 $696,513,000 $3,043,000 $526,296,000 139 Donald F. Doyle president & CEO 1868 12 MutualOne Bank 828 Concord St., Framingham 01701 508-820-4000 • www.mutualone.com $471,744,000 $472 million 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 million 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 million 7 7 $570,815,000 $2,972,000 $408,995,000 99 Martin F. Connors, Jr. president & CEO 1846 15 SpencerBANK *** 176 Main St., Spencer 01562 508-885-5313 • www.spencerbankonline.com $384,014,000 $384 million 6 6 $486,059,000 $1,634,000 $395,960,000 92 K. Michael Robbins president & CEO 1871 16 Clinton Savings Bank 200 Church St., Clinton 01510 978-365-3700 • www.clintonsavings.com $381,165,000 $381 million 6 6 $488,805,000 $2,485,000 $363,182,000 102 Robert J. Paulhus, Jr. president & CEO 1851 17 Southbridge Savings Bank *** 253-257 Main St., Southbridge 01550 508-765-9103 • www.southbridgesavingsbank.com $351,079,000 $367 million 8 9 $496,299,000 $1,261,000 $422,989,000 108 Todd R. Tallman president & CEO 1848 18 Savers Bank 270 Main St., Southbridge 01550 508-764-4329 • www.saversbank.com $350,698,000 **** $351 million 7 7 $463,270,000 $1,732,000 $364,724,000 95 Joseph A. Coderre president & CEO 1910 19 Rockland Trust Co. 58 Main St., Franklin 02038 508-520-3958 • www.rocklandtrust.com $329,397,000 $6 billion 4 84 $7,130,469,000 $48,754,000 $5,454,392,000 1,062 Christopher Oddleifson president & CEO 1907 20 North Middlesex Savings Bank 7 Main St., Ayer 01432 978-772-3306 • www.nmsb.com $314,250,000 $314 million 7 7 $391,933,000 $1,444,000 $281,897,000 77 Walter J. Dwyer IV president & CEO 1885 21 Hometown Bank 31 Sutton Ave., Oxford 01540 508-987-1200 • www.hometowncoop.com $310,685,000 $339 million 7 7 $397,437,000 $2,253,000 $332,062,000 82 Michael D. Hewitt president & CEO 1889 22 Athol Savings Bank 444 Main St., Athol 01331 978-249-3200 • www.atholsb.com $288,808,000 $289 million 8 8 $355,935,000 $1,391,000 $209,769,000 86 Daniel Zona president & CEO 1867 23 Bay State Savings Bank 28-32 Franklin St., Worcester 01608 $266,946,000 $267 million 8 8 $356,031,000 $1,247,000 64 Peter B. Alden president & CEO 1895 200 Church St., Clinton 01510 978-365-3700 • www.clintonsavings.com $381 million 6 $2,485,000 $363,182,000 102 president & CEO 1851 17 Southbridge Savings Bank *** 253-257 Main St., Southbridge 01550 508-765-9103 • www.southbridgesavingsbank.com $351,079,000 $367 million 8 9 $496,299,000 $1,261,000 $422,989,000 108 Todd R. Tallman president & CEO 1848 18 Savers Bank 270 Main St., Southbridge 01550 508-764-4329 • www.saversbank.com $350,698,000 **** $351 million 7 7 $463,270,000 $1,732,000 $364,724,000 95 Joseph A. Coderre president & CEO 1910 19 Rockland Trust Co. 58 Main St., Franklin 02038 508-520-3958 • www.rocklandtrust.com $329,397,000 $6 billion 4 84 $7,130,469,000 $48,754,000 $5,454,392,000 1,062 Christopher Oddleifson president & CEO 1907 20 North Middlesex Savings Bank 7 Main St., Ayer 01432 978-772-3306 • www.nmsb.com $314,250,000 $314 million 7 7 $391,933,000 $1,444,000 $281,897,000 77 Walter J. Dwyer IV president & CEO 1885 21 Hometown Bank 31 Sutton Ave., Oxford 01540 508-987-1200 • www.hometowncoop.com $310,685,000 $339 million 7 7 $397,437,000 $2,253,000 $332,062,000 82 Michael D. Hewitt president & CEO 1889 22 Athol Savings Bank 444 Main St., Athol 01331 978-249-3200 • www.atholsb.com $288,808,000 $289 million 8 8 $355,935,000 $1,391,000 $209,769,000 86 Daniel Zona president & CEO 1867 23 Bay State Savings Bank 28-32 Franklin St., Worcester 01608 508-890-9000 • www.baystatesavings.com $266,946,000 $267 million 8 8 $356,031,000 $1,247,000 $297,808,000 64 Peter B. Alden president & CEO 1895 24 Milford Federal Savings and Loan 246 Main St., Milford 01757 508-634-2500 • www.milfordfederal.com $263,587,000 $301 million 3 4 $360,443,000 $898,000 $311,167,000 88 Cynthia A. Casey president & CEO 1937 25 Milford National Bank & Trust Co. 300 E. Main St., Milford 01757 508-634-4100 • www.milfordnationalonline.com $251,992,000 $252 million 3 3 $295,556,000 $859,000 $238,930,000 64 Kristin T. Carvalho president & CEO 1849 26 United Bank 33 Waldo St., Worcester 01608 508-752-4800 • www.bankatunited.com $230,584,000 $4.2 billion 5 54 $5,838,704,000 $43,938,000 $4,200,264,000 667 William H.W. Crawford IV CEO 1882 27 Dean Bank 21 Main St., Franklin 02038 508-528-0088 • www.deanbank.com $220,934,000 $221 million 4 4 $261,439,000 $861,000 $186,177,000 65 Kevin R. Goffe president & CEO 1889 28 Enterprise Bank & Trust Co. 4 Central St., Leominster 01453 978-534-7400 • www.enterprisebanking.com $215,995,000 $1.9 billion 3 22 $2,195,312,000 $12,420,000 $1,763,803,000 424 John Clancy Jr. CEO 1989 29 Country Bank 278 Park Ave., Worcester 01609 800-322-8233 • www.countrybank.com $192,393,000 $979 million 5 14 $1,381,598,000 $4,861,000 $956,879,000 201 Paul F. Scully president & CEO 1850 30 Charles River Bank 70 Main St., Medway 02053 508-533-8661 • www.charlesriverbank.com $182,828,000 $183 million 4 4 $222,056,000 $461,000 $150,392,000 44 John S. Hamilton president & CEO 1915 31 Millbury Savings Bank 109 Elm St., Millbury 01527 508-865-5811 • www.millburysavingsbank.com $162,027,000 $162 million 2 2 $207,048,000 $708,000 $137,860,000 36 Robert Morton president & CEO 1854 32 North Brookfield Savings Bank 9 Gilbert St., North Brookfield 01535 508-867-7442 • www.banknbsb.com $148,939,000 $210 million 3 7 $269,276,000 $1,087,000 $162,341,000 71 Donna L. Boulanger president & CEO 1854 33 Berkshire Bank 303 Turnpike Road, Westborough 01581 800-773-5601 • www.berkshirebank.com $139,924,000 $5.4 billion 1 97 $7,785,555,000 $37,365,000 $5,652,222,000 1,102 Michael P. Daly president & CEO 1846 34 The Village Bank 62 Boston Post Road, Wayland 01778 508-358-5136 • www.village-bank.com $107,528,000 $730 million 1 8 $857,314,000 $5,274,000 $677,816,000 115 Joseph A. De Vito president & CEO 1910 35 Barre Savings Bank ** 56 Common St., Barre 01005 877-355-4693 • www.fidelitybankonline.com $102,180,000 $121 million 0 ** 0 ** $152,269,000 $374,000 $116,235,000 35 Edward F. Manzi, Jr. ** chairman & CEO 1869 36 Northern Bank & Trust 265 Great Road, Littleton 01460 978-486-3543 • www.nbtc.com $90,565,000 $1 billion 3 13 $1,382,903,000 $14,627,000 $1,163,424,000 165 James J. Mawn, Jr. president & CEO 1960 37 Millbury National Bank 18 Main St., Millbury 01527 508-865-9521 • www.mnbonline.com $69,063,000 $74.4 million 1 2 $83,529,000 $368,000 $61,673,000 17 Kathleen Marcum president 1825 38 Salem Five 19 Concord Road, Sudbury 01776 978-579-0592 • www.salemfive.com $64,590,000 $2.8 billion 1 30 $3,743,810,000 $20,341,000 $2,615,847,000 527 Ping Yin Chai president & CEO 1855 39 Colonial Co-operative Bank 6 City Hall Ave., Gardner 01440 978-632-0171 • www.colonial4banking.com $61,287,000 $61 million 2 2 $69,618,000 ($21,000) $58,279,000 25 Joseph Guercio president & CEO 1915 40 Eastern Bank 2 South Ave., Natick 01760 508-655-4101 • www.easternbank.com $52,052,000 $8.1 billion 1 97 $9,598,456,000 $50,421,000 $7,010,805,000 1,702 Richard E. Holbrook chairman & CEO 1818 41 Cambridge Savings Bank 145 Great Road, Acton 01720 617-575-8514 • www.cambridgesavings.com $40,661,000 $2.3 billion 1 17 $2,898,472,000 $12,228,000 $2,218,520,000 343 Wayne J. Patenaude president & CEO 1834 42 Bristol County Savings Bank 375 W. Central St., Franklin 02038 508-528-2666 • www.bristolcountysavings.com $38,792,000 $1.3 billion 1 17 $1,696,184,000 $9,421,000 $1,321,343,000 365 Patrick J. Murray, Jr. president & CEO 1846 43 Family Federal Savings and Loan 130 Whalon St., Fitchburg 01420 978-353-0000 • www.familyfederal.com $33,171,000 $77 million 2 3 $90,817,000 $200,000 $54,302,000 19 David Brassard president & CEO 1877 Named the Model Bank of the Year by Celent for its technology incubator, Eastern Labs. Has operated a branch at the Medway High School since 2006, which features high school students working as tellers. Parent company Berkshire Hills Bancorp purchased Firestone Financial in 2015 and rolled it into Berkshire Bank. A founding sponsor of the Worcester Railers, the ECHL hockey team set to start playing at the DCU Center in 2017.