BOOK OF LISTS & ECONOMIC FORECAST 2016-2017
Banking & Finance
22 Hartford Business Journal • decemBer 26, 2016 www.HartfordBusiness.com
Largest in-state banks
(Ranked by deposits as of June 30, 2016)
Rank Company
Total deposits
in market
(000) Market share
Assets/
Net loans and
leases/
Net income
Q4 2015
(000)
Conn.
offices Head of bank
Date
established
1
Webster Bank NA
137 Bank St.
Waterbury, CT 06702
203-578-2230;
public.websteronline.com
$16,509,443 13.04%
$24,666,209
$15,533,850
$226,297
118
James C. Smith
Chairman & CEO
1870
2
People's United Bank
850 Main St.
Bridgeport, CT 06604
203-338-7001; www.peoples.com
$16,465,476 13.01%
$38,450,416
$28,266,006
$269,822
149
John P. Barnes
President & CEO
1988
3
Liberty Bank (1)
315 Main St.
Middletown, CT 06457
888-570-0773; www.liberty-bank.com
$3,482,549 2.75%
$3,987,715
$2,920,988
$27,294
55
Chandler J.
Howard
President & CEO
1825
4
United Bank
25 Park St.
Vernon/Rockville, CT 06066
866-959-2265; www.bankatunited.com
$3,160,987 2.50%
$6,224,169
$4,598,461
$55,405
32
William H.W.
Crawford IV
President & CEO
1858
5
Farmington Bank
1 Farm Glen Blvd.
Farmington, CT 06032
877-376-2265;
www.farmingtonbankct.com
$1,989,374 1.57%
$2,707,619
$2,351,551
$14,582
25
John J. Patrick Jr.
Chairman,
president & CEO
1851
6
Union Savings Bank
226 Main St.
Danbury, CT 06810
866-830-4200; www.unionsavings.com
$1,684,816 1.33%
$2,198,946
$1,666,614
$12,039
27
Cynthia C. Merkle
President & CEO
1866
7
Bankwell Bank
208 Elm St.
New Canaan, CT 06480
203-972-3838; mybankwell.com
$1,188,309 0.94%
$1,322,743
$1,129,748
$11,706
10
Christopher
Gruseke
CEO
2002
8
First County Bank
160 Atlantic St.
Stamford, CT 06901
203-462-4400;
www.firstcountybank.com
$1,007,961 0.80%
$1,432,860
$1,035,764
$5,254
16
Reyno A.
Giallongo Jr.
Chairman & CEO
1851
9
ion Bank
251 Church St.
Naugatuck, CT 06770
877-729-4442; ionbank.com
$914,864 0.72%
$1,113,913
$905,544
$3,510
20
Charles J. Boulier,
III
President & CEO
1870
10
Savings Institute Bank and Trust Co.
803 Main St.
Willimantic, CT 06226
860-423-4581;
www.savingsinstitute.com
$862,215 0.68%
$1,473,999
$1,167,242
$4,736
20
Rheo A. Brouillard
President & CEO
1842
11
Newtown Savings Bank (2)
39 Main St.
Newtown, CT 06470
203-426-2563; www.nsbonline.com
$816,261 0.64%
$1,082,407
$909,637
$5,037
19
John Trentacosta
President & CEO
1855
12
Chelsea Groton Bank
1 Franklin Square
Norwich, CT 06360
860-823-4800;
www.chelseagroton.com
$813,716 0.64%
$996,203
$693,343
$5,496
14
B. Michael Rauh
Jr.
President & CEO
1854
13
Thomaston Savings Bank
203 Main St.
Thomaston, CT 06787
860-283-1874;
thomastonsavingsbank.com
$790,964 0.62%
$871,833
$636,799
$4,202
12
Stephen L. Lewis
President & CEO
1874
14
Savings Bank of Danbury
220 Main St.
Danbury, CT 06810
203-743-3849; sbdanbury.com
$709,853 0.56%
$919,891
$775,131
$6,224
14
Martin G. Morgado
President & CEO
1849
15
Torrington Savings Bank
129 Main St.
Torrington, CT 06790
860-496-2152; torringtonsavings.com
$670,138 0.53%
$809,104
$410,420
$3,838
8
John E. Janco
President & CEO
1868
16
Fieldpoint Private Bank & Trust
100 Field Point Road
Greenwich, CT 06830
203-413-9300;
www.fieldpointprivate.com
$613,849 0.48%
$798,123
$564,116
$2,653
1
Robert S.
Matthews
CEO
2008
17
Dime Bank
290 Salem Turnpike
Norwich, CT 06360
860-859-4300; dime-bank.com
$531,658 0.42%
$785,319
$555,262
$2,386
11
Nicholas
Caplanson
President & CEO
1869
18
Darien Rowayton Bank
1001 Post Road
Darien, CT 06820
203-656-3500; www.drbank.com
$521,506 0.41%
$584,839
$429,054
($5,353)
3
Robert K.
Kettenmann
President & COO
2006
19
The Guilford Savings Bank
1 Park St.
Guilford, CT 06437
203-453-2721; www.gsb-yourbank.com
$509,374 0.40%
$621,950
$432,383
$3,675
7
Timothy P. Geelan
President & CEO
1875
20
Connecticut Community Bank NA
1495 Post Road East
Westport, CT 06880
203-319-6260; www.ccbankonline.com
$421,702 0.33%
$471,345
$296,958
($4,305)
10
David W. Tralka
President & CEO
1998
21
Patriot Bank NA
900 Bedford St.
Stamford, CT 06901
203-251-7200; www.pnbk.com
$409,811 0.32%
$653,479
$479,127
$3,096
8
Kenneth T.
Neilson
President & CEO
1994
22
Salisbury Bank & Trust Co.
5 Bissell St.
Lakeville, CT 06039
860-435-9801; www.salisburybank.com
$381,725 0.30%
$891,187
$699,781
$8,792
4
Richard J. Cantele
Jr.
President & CEO
1874
23
The Simsbury Bank & Trust Co.
981 Hopmeadow St.
Simsbury, CT 06070
860-658-2265;
www.simsburybank.com
$377,987 0.30%
$444,704
$324,889
$1,687
5
Martin J. Geitz
President & CEO
1995
Source: Federal Deposit Insurance Corp. website: www.fdic.gov
(1)
Acquired Naugatuck Valley Financial Corp., parent to Naugatuck Valley Savings and Loan, effective Jan. 15, 2016.
(2) Main Street branch will relocate to 30-32 Church Hill Road.
—Compiled by Heide Martin.
2015
People's
United
Bank
$0
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
$18,000,000
Webster
Bank
People's
United
Bank
Liberty
Bank
United
Bank
Farmington
Bank
2015
2016
2015.................$62,866,558
2016.................$67,017,405
% Change ..........6.60%
How the top 5 fared:
Total deposits (in thousands)
Total loans/leases of top 24
local banks (in thousands)
2015 2016 % change
Webster Bank $15,437,939 $16,509,443 7%
People's United Bank $15,545,570 $16,465,476 6%
Liberty Bank $2,946,121 $3,482,549 18%
United Bank $2,633,475 $3,160,987 20%
Farmington Bank $1,908,957 $1,989,374 4%
7% 6%
18%
4%
20%
