16 Worcester Business Journal • August 1, 2016 www.wbjournal.com
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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%
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. A longer version of this list ran in the Book of Lists, published July 6, 2016.
* 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.
- Compiled by: Heide Martin, hmartin@nebusinessmedia.com
