www.wbjournal.com Book of Lists 2016 • Worcester Business Journal 25
Rebranded away from
slightly different Workers'
Credit Union label in the
spring 2016.
Received the 2016 Lender of
the Year to New Business
Award from the
Massachusetts office of the
U.S. Small Business
Administration.
Founded in Portland, Maine
and headquartered in Cherry
Hill, N.J.
Top SBA lenders
Ranked by total amount of loans issued in Massachusetts, fiscal year 2015*
Name
Amount of loans FY 2015/
amount of loans FY 2014
% increase or decrease
in amount of loans
No. of loans FY 2015/
no. of loans FY 2014
% increase or decrease
in number of loans
1
Eastern Bank
2 South Ave., Natick 01760
508-655-4101 • www.easternbank.com
$46,049,200
$37,073,000
24%
815
672
21%
2
Santander Bank NA
446 Main St., Worcester 01608
508-890-6810 • www.santanderbank.com
$20,140,500
$15,442,700
30%
89
121
-26%
3
Citizens Bank
74 Main St., Framingham 01701
508-879-0400 • www.citizensbank.com
$17,340,100
$6,268,000
177%
124
79
57%
4
Rockland Trust Co.
58 Main St., Franklin 02038
508-520-3958 • www.rocklandtrust.com
$13,091,900
$16,427,600
-20%
100
109
-8%
5
Salem Five Cents Savings Bank
19 Concord Road, Sudbury 01776
800-850-5000 • www.salemfive.com
$10,141,000
$8,861,400
14%
21
27
-22%
6
TD Bank
295 Park Ave., Worcester 01609
508-752-2584 • www.tdbank.com
$9,405,000
$13,209,200
-29%
84
63
33%
7
Avidia Bank
23 Maple Ave., Shrewsbury 01545
508-845-6244 • www.avidiabank.com
$8,168,000
$9,268,000
-12%
13
10
30%
8
Cambridge Savings Bank
145 Great Road, Acton 01720
617-575-8514 • www.cambridgesavings.com
$6,823,000
$4,558,600
50%
39
49
-20%
9
Berkshire Bank
303 Turnpike Road, Westborough 01581
800-773-5601 • www.berkshirebank.com
$6,699,100
$2,402,600
179%
119
28
325%
10
Bristol County Savings Bank
375 W. Central St., Franklin 02038
508-528-2666 • www.bristolcountysavings.com
$6,508,000
$4,348,000
50%
29
26
12%
11
People's United Bank
491 Shrewsbury St., Worcester 01604
508-890-7640 • www.peoples.com
$6,017,300
$6,401,600
-6%
16
14
14%
12
Commerce Bank & Trust Co.
386 Main St., Worcester 01615
508-797-6842 • www.bankatcommerce.com
$4,221,500
$2,723,400
55%
22
39
-44%
13
SpencerBANK **
230 Park Ave., Worcester 01609
508-421-8070 • www.spencerbankonline.com
$3,322,000
$1,802,200
84%
22
19
16%
14
MutualOne Bank
160 Cochituate Road, Framingham 01701
508-820-4000 • www.mutualone.com
$2,286,000
$6,051,700
-62%
7
28
-75%
15
Enterprise Bank & Trust Co.
4 Central St., Leominster 01453
978-534-7400 • www.enterprisebanking.com
$1,960,800
$4,801,000
-59%
12
16
-25%
16
St. Mary's Credit Union
46 Lizotte Drive, Marlborough 01752
508-490-8000 • www.stmaryscu.org
$1,650,000
$1,185,500
39%
26
20
30%
17
Middlesex Savings Bank
6 Main St., Natick 01760
508-653-0300 • www.middlesexbank.com
$1,540,000
$3,681,200
-58%
9
18
-50%
18
Workers Credit Union
815 Main St., Fitchburg 01420
978-345-1021 • www.wcu.com
$1,370,100
$1,967,100
-30%
19
25
-24%
19
Southbridge Savings Bank ***
253-257 Main St., Southbridge 01550
508-765-9103 • www.southbridgesavingsbank.com
$1,204,000
$535,000
125%
5
7
-29%
20
UniBank for Savings
24 Gold Star Blvd., Worcester 01605
508-756-0807 • www.unibank.com
$1,125,700
$2,457,000
-54%
17
36
-53%
Source: U.S. Small Business Administration, lender websites and the FDIC website at www.fdic.gov. Note: The SBA's fiscal year runs from Oct. 1 to Sept. 30.
* Lenders listed are for SBA 7(a) loans. Lending eligibility criteria are broader than those of other types of loans such as those associated with the 504 Loan Program. For banks with multiple
Central Mass. locations, address used was closest to Worcester or a lending branch.
** Now operating under the name SSB Community Bancorp MHC. By merging the holding companies, instead of the banks, the two entities continue to operate independently under their own
names.
*** The holding companies of SpencerBANK and Southbridge Savings Bank merged in May 2016 and will operate under the name SSB Community Bancorp MHC.
- Compiled by: Heide Martin, hmartin@nebusinessmedia.com
Largest independent,
mutually owned bank
in New England.
Adding a new location in
Hudson in November.
Chuck Bauer, who retired as executive
vice president and chief technology offi-
cer of Middlesex Savings Bank in April
