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wbjournal.com | February 6, 2017 | Worcester Business Journal 15 Top banks Ranked by local deposits as of June 30, 2016 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 • bankofamerica.com $4,736,502,000 $1.2 trillion 40 4,753 $1,659,793,000,000 $14,747,000,000 $884,222,000,000 146,255 Edwin Thomas Shea market president, Central Massachusetts 1904 2 Middlesex Savings Bank 6 Main St., Natick 01760 508-653-0300 • www.middlesexbank.com $2,732,789,000 $3.8 billion 24 31 $4,439,693,000 $22,661,000 $2,814,381,000 503 Michael G. McAuliffe president & CEO 1835 3 TD Bank 370 Main St., Worcester 01608 508-368-6529 • www.tdbank.com $2,480,697,000 $214 billion 27 1,287 $264,527,851,000 $992,044,000 $132,682,160,000 25,177 Mark Crandall regional president, Connecticut/ Massachusetts/Rhode Island 1852 4 Santander Bank 446 Main St., Worcester 01608 508-890-6810 • www.santanderbank.com $2,077,121,000 $58 billion 40 674 $85,473,923,000 $166,578,000 $52,318,011,000 8,818 Scott Powell president & CEO 1907 5 Citizens Bank 34 Main St., Natick 01760 508-653-5100 • www.citizensbank.com $1,892,964,000 $77 billion 31 851 $114,604,518,000 $635,912,000 $84,746,678,000 14,632 Bruce Van Saun chairman & CEO 2005 6 Commerce Bank & Trust Co. 386 Main St., Worcester 01608 508-797-6842 • www.bankatcommerce.com $1,750,100,000 $1.9 billion 14 17 $1,911,894,000 $9,481,000 $1,383,434,000 231 Brian W. Thompson president & CEO 1955 7 UniBank for Savings 24 Gold Star Blvd., Worcester 01605 508-756-0807 • www.unibank.com $1,567,903,000 $1.6 billion 13 13 $1,597,636,000 $7,457,000 $1,088,721,000 257 William M. Mahoney interim president & CEO 1870 8 Avidia Bank 42 Main St., Hudson 01749 978-562-2222 • www.avidiabank.com $921,808,000 $922 million 8 8 $1,342,643,000 $6,413,000 $1,053,273,000 208 Mark R. O'Connell president & CEO 1869 9 Fidelity Bank 9 Leominster Connector, Leominster 01453 978-870-1306 • www.fidelitybankonline.com $666,869,000 $667 million 10 10 $777,779,000 $2,546,000 $604,732,000 144 Edward F. Manzi, Jr. chairman & CEO 1888 10 People's United Bank 120 Front St., Worcester 01608 508-890-5199 • www.peoples.com $579,940,000 $29.1 billion 7 391 $40,278,972,000 $215,256,000 $29,228,338,000 4,984 Patrick J. Sullivan president, Massachusetts 1988 11 MutualOne Bank 828 Concord St., Framingham 01701 508-820-4000 • www.mutualone.com $538,537,000 $539 million 3 3 $696,888,000 $4,962,000 $554,448,000 82 Mark Haranas president & CEO 1889 12 Webster Five Cents Savings Bank 136 Thompson Road, Webster 01570 508-943-9401 • www.web5.com $518,827,000 $519 million 7 7 $745,858,000 $3,494,000 $575,776,000 145 Donald F. Doyle president & CEO 1868 13 Marlborough Savings Bank 81 Granger Blvd., Marlborough 01752 508-481-8300 • www.agreatbank.com $440,604,000 $441 million 7 7 $521,180,000 $1,706,000 $347,564,000 92 Rick Bennett president & CEO 1860 14 SpencerBANK 176 Main St., Spencer 01562 508-885-5313 • www.spencerbankonline.com $427,713,000 $428 million 6 6 $564,197,000 $2,191,000 $487,062,000 84 K. Michael Robbins president & CEO 1871 15 Southbridge Savings Bank 253-257 Main St., Southbridge 01550 508-765-9103 • www.southbridgesavingsbank.com $403,657,000 $404 million 9 9 $543,824,000 $1,436,000 $469,308,000 110 Todd R. Tallman president & CEO 1848 16 Clinton Savings Bank 200 Church St., Clinton 01510 978-365-3700 • www.clintonsavings.com $399,706,000 $400 million 6 6 $522,094,000 $2,288,000 $392,090,000 96 Robert J. Paulhus, Jr. president & CEO 1851 Source: Federal Deposit Insurance Corp. Notes: Local deposits represent deposits at bank locations within Central Massachusetts. Local and total deposits are as of June 30, 2016. 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, 2016. For companies based outside Central Massachusetts, the address listed is a regional headquarters or local office. Branch locations are as of January 2017. First Niagara Bank NA had $21,924,000 local deposits at a branch in Webster as of June 30, 2016. In Oct. 2016, the bank was acquired by KeyBank, and the Webster site permanently closed. - Compiled by: Heide Martin, hmartin@nebsuinessmedia.com Top banks BRINGING HEALTHCARE TO LIFE www.reliantmedicalgroup.org 16-122 WBJ Book of Lists banner ad.indd 1 5/25/2016 4:31:40 PM B A N K I N G & F I N A N C E F O C U S Top banks Ranked by local deposits as of June 30, 2016 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 • bankofamerica.com $4,736,502,000 $1.2 trillion 40 4,753 $1,659,793,000,000 $14,747,000,000 $884,222,000,000 146,255 Edwin Thomas Shea market president, Central Massachusetts 1904 2 Middlesex Savings Bank 6 Main St., Natick 01760 508-653-0300 • www.middlesexbank.com $2,732,789,000 $3.8 billion 24 31 $4,439,693,000 $22,661,000 $2,814,381,000 503 Michael G. McAuliffe president & CEO 1835 3 TD Bank 370 Main St., Worcester 01608 508-368-6529 • www.tdbank.com $2,480,697,000 $214 billion 27 1,287 $264,527,851,000 $992,044,000 $132,682,160,000 25,177 Mark Crandall regional president, Connecticut/ Massachusetts/Rhode Island 1852 4 Santander Bank 446 Main St., Worcester 01608 508-890-6810 • www.santanderbank.com $2,077,121,000 $58 billion 40 674 $85,473,923,000 $166,578,000 $52,318,011,000 8,818 Scott Powell president & CEO 1907 5 Citizens Bank 34 Main St., Natick 01760 508-653-5100 • www.citizensbank.com $1,892,964,000 $77 billion 31 851 $114,604,518,000 $635,912,000 $84,746,678,000 14,632 Bruce Van Saun chairman & CEO 2005 6 Commerce Bank & Trust Co. 386 Main St., Worcester 01608 508-797-6842 • www.bankatcommerce.com $1,750,100,000 $1.9 billion 14 17 $1,911,894,000 $9,481,000 $1,383,434,000 231 Brian W. Thompson president & CEO 1955 7 UniBank for Savings 24 Gold Star Blvd., Worcester 01605 508-756-0807 • www.unibank.com $1,567,903,000 $1.6 billion 13 13 $1,597,636,000 $7,457,000 $1,088,721,000 257 William M. Mahoney interim president & CEO 1870 8 Avidia Bank 42 Main St., Hudson 01749 978-562-2222 • www.avidiabank.com $921,808,000 $922 million 8 8 $1,342,643,000 $6,413,000 $1,053,273,000 208 Mark R. O'Connell president & CEO 1869 9 Fidelity Bank 9 Leominster Connector, Leominster 01453 978-870-1306 • www.fidelitybankonline.com $666,869,000 $667 million 10 10 $777,779,000 $2,546,000 $604,732,000 144 Edward F. Manzi, Jr. chairman & CEO 1888 10 People's United Bank 120 Front St., Worcester 01608 508-890-5199 • www.peoples.com $579,940,000 $29.1 billion 7 391 $40,278,972,000 $215,256,000 $29,228,338,000 4,984 Patrick J. Sullivan president, Massachusetts 1988 11 MutualOne Bank 828 Concord St., Framingham 01701 508-820-4000 • www.mutualone.com $538,537,000 $539 million 3 3 $696,888,000 $4,962,000 $554,448,000 82 Mark Haranas president & CEO 1889 12 Webster Five Cents Savings Bank 136 Thompson Road, Webster 01570 508-943-9401 • www.web5.com $518,827,000 $519 million 7 7 $745,858,000 $3,494,000 $575,776,000 145 Donald F. Doyle president & CEO 1868 13 Marlborough Savings Bank 81 Granger Blvd., Marlborough 01752 508-481-8300 • www.agreatbank.com $440,604,000 $441 million 7 7 $521,180,000 $1,706,000 $347,564,000 92 Rick Bennett president & CEO 1860 14 SpencerBANK 176 Main St., Spencer 01562 508-885-5313 • www.spencerbankonline.com $427,713,000 $428 million 6 6 $564,197,000 $2,191,000 $487,062,000 84 K. Michael Robbins president & CEO 1871 15 Southbridge Savings Bank 253-257 Main St., Southbridge 01550 508-765-9103 • www.southbridgesavingsbank.com $403,657,000 $404 million 9 9 $543,824,000 $1,436,000 $469,308,000 110 Todd R. Tallman president & CEO 1848 Source: Federal Deposit Insurance Corp. Notes: Local deposits represent deposits at bank locations within Central Massachusetts. Local and total deposits are as of June 30, 2016. 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, 2016. For companies based outside Central Massachusetts, the address listed is a regional headquarters or local office. Branch locations are as of January 2017. First Niagara Bank NA had $21,924,000 local deposits at a branch in Webster as of June 30, 2016. In Oct. 2016, the bank was acquired by KeyBank, and the Webster site permanently closed. - Compiled by: Heide Martin, hmartin@nebsuinessmedia.com