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18 Worcester Business Journal | Book of Lists 2017 | wbjournal.com F O C U S B A N K I N G & F I N A N C E 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 Mass. 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, Conn., Mass. & R.I. 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. 1 386 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 Sam Pepper 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, Mass. 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 now Main Street Bank 2 81 Granger Blvd., Marlborough 01752 508-481-8300 • www.bankmainstreet.com $440,604,000 $441 million 7 7 $521,180,000 $1,706,000 $347,564,000 92 Rick Bennett CEO 1860 14 SpencerBANK now Cornerstone Bank 3 176 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 now Cornerstone Bank 4 253-257 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 17 Rollstone Bank & Trust 780 Main St., Fitchburg 01420 978-345-1061 • www.rollstonebank.com $373,254,000 $373 million 8 5 8 5 $585,566,000 $3,046,000 $434,313,000 90 Martin F. Connors Jr. president & CEO 1846 18 Savers Bank 270 Main St., Southbridge 01550 508-764-4329 • www.saversbank.com $368,928,000 $369 million 6 6 6 6 $492,032,000 $2,030,000 $390,073,000 92 Joseph A. Coderre president & CEO 1910 19 bankHometown 31 Sutton Ave., Oxford 01540 508-987-1200 • www.hometowncoop.com $361,446,000 $361 million 7 8 13 $457,435,000 $1,545,000 $371,836,000 83 Michael D. Hewitt president & CEO 1889 20 Rockland Trust Co. 58 Main St., Franklin 02038 508-520-3958 • www.rocklandtrust.com $344,296,000 $6.2 billion 4 84 $7,499,637,000 $60,652,000 $5,701,262,000 1,088 Christopher Oddleifson president & CEO 1907 21 North Middlesex Savings Bank now Main Street Bank 8 7 Main St., Ayer 01432 978-732-1080 • www.bankmainstreet.com $340,103,000 $340 million 7 7 $427,396,000 $1,870,000 $320,158,000 83 Rick Bennett CEO 1885 15 Bank 4 253-257 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 17 Rollstone Bank & Trust 780 Main St., Fitchburg 01420 978-345-1061 • www.rollstonebank.com $373,254,000 $373 million 8 5 8 5 $585,566,000 $3,046,000 $434,313,000 90 Martin F. Connors Jr. president & CEO 1846 18 Savers Bank 270 Main St., Southbridge 01550 508-764-4329 • www.saversbank.com $368,928,000 $369 million 6 6 6 6 $492,032,000 $2,030,000 $390,073,000 92 Joseph A. Coderre president & CEO 1910 19 bankHometown 31 Sutton Ave., Oxford 01540 508-987-1200 • www.hometowncoop.com $361,446,000 $361 million 7 8 13 $457,435,000 $1,545,000 $371,836,000 83 Michael D. Hewitt president & CEO 1889 20 Rockland Trust Co. 58 Main St., Franklin 02038 508-520-3958 • www.rocklandtrust.com $344,296,000 $6.2 billion 4 84 $7,499,637,000 $60,652,000 $5,701,262,000 1,088 Christopher Oddleifson president & CEO 1907 21 North Middlesex Savings Bank now Main Street Bank 8 7 Main St., Ayer 01432 978-732-1080 • www.bankmainstreet.com $340,103,000 $340 million 7 7 $427,396,000 $1,870,000 $320,158,000 83 Rick Bennett CEO 1885 22 Athol Savings Bank 444 Main St., Athol 01331 978-249-3200 • www.atholsb.com $304,947,000 $305 million 8 8 $381,741,000 $1,450,000 $238,655,000 89 Daniel Zona president & CEO 1867 23 Bay State Savings Bank 28 Franklin St., Worcester 01608 508-890-9000 • www.baystatesavings.com $284,970,000 $285 million 8 9 8 9 $384,873,000 $924,000 $328,183,000 65 Peter B. Alden president & CEO 1895 24 Milford Federal Savings and Loan 246 Main St., Milford 01757 508-634-2500 • www.milfordfederal.com $271,982,000 $309 million 3 4 $374,703,000 $1,072,000 $320,800,000 87 Cynthia A. Casey president & CEO 1937 25 Milford National Bank & Trust Co. 300 E. Main St., Milford 01757 508-634-4100 • www.milfordnationalonline.com $262,531,000 $263 million 4 10 4 10 $317,475,000 $1,344,000 $265,381,000 68 Kristin T. Carvalho president & CEO 1849 26 Enterprise Bank & Trust Co. 4 Central St., Leominster 01453 978-534-7400 • www.enterprisebanking.com $259,967,000 $2.2 billion 3 23 $2,470,792,000 $14,347,000 $1,956,436,000 448 John Clancy Jr. CEO 1989 27 Dean Bank 21 Main St., Franklin 02038 508-528-0088 • www.deanbank.com $236,632,000 $237 million 4 4 $282,619,000 $1,128,000 $200,664,000 66 Kevin R. Goffe president & CEO 1889 28 Country Bank 278 Park Ave., Worcester 01609 800-322-8233 • www.countrybank.com $236,590,000 $1.0 billion 5 14 $1,473,598,000 $6,965,000 $1,050,320,000 215 Paul F. Scully president & CEO 1850 29 United Bank 1 Mercantile St., Worcester 01608 508-793-8333 • www.bankatunited.com $223,900,000 $4.5 billion 5 53 $6,533,122,000 $39,930,000 $4,773,291,000 695 William H.W. Crawford IV CEO 1882 30 Charles River Bank 70 Main St., Medway 02053 508-533-8661 • www.charlesriverbank.com $182,077,000 $182 million 4 11 4 11 $230,507,000 $531,000 $160,323,000 39 John S. Hamilton president & CEO 1915 31 Millbury Savings Bank 109 Elm St., Millbury 01527 508-865-5811 • www.millburysavingsbank.com $177,286,000 $177 million 2 2 $224,502,000 $908,000 $156,943,000 35 Robert Morton president & CEO 1854 32 North Brookfield Savings Bank 9 Gilbert St., North Brookfield 01535 508-867-7443 • www.northbrookfieldsavingsbank.com $157,242,000 $220 million 3 7 $282,159,000 $1,204,000 $188,029,000 71 Donna L. Boulanger president & CEO 1854 33 The Village Bank 62 Boston Post Road, Wayland 01778 617-969-4300 • www.village-bank.com $117,755,000 $810 million 1 8 $990,378,000 $5,693,000 $804,806,000 125 Joseph A. De Vito president & CEO 1910 34 Northern Bank & Trust 265 Great Road, Littleton 01460 978-486-3543 • www.nbtc.com $96,758,000 $1.3 billion 3 14 12 $1,654,311,000 $15,024,000 $1,426,796,000 178 James J. Mawn Jr. president & CEO 1960 35 Millbury National Bank 18 Main St., Millbury 01527 508-865-9521 • www.mnbonline.com $77,251,000 $77.3 million 2 2 $88,497,000 $276,000 $64,285,000 19 Kathleen Marcum president 1825 36 Colonial Co-operative Bank 6 City Hall Ave., Gardner 01440 978-632-0171 • www.colonial4banking.com $65,897,000 $65.9 million 2 2 $72,747,000 $96,000 $60,402,000 25 Joseph Guercio president & CEO 1915 37 Salem Five 19 Concord Road, Sudbury 01776 978-579-0592 • www.salemfive.com $60,088,000 $2.9 billion 1 31 $4,079,769,000 $24,241,000 $2,941,133,000 552 Ping Yin Chai president & CEO 1855 38 Needham Bank 41 Front St., Ashland 01721 508-881-1088 • www.needhambank.com $59,441,000 $1.5 billion 3 10 13 $1,997,915,000 $9,816,000 $1,688,857,000 191 Joseph Campanelli CEO 1892 39 Cambridge Savings Bank $49,604,000 1 $3,454,853,000 Wayne J. Patenaude Year Institutions 2015 21 2014 23 2013 24 2012 24 2011 25 2010 26 2009 28 2008 28 2007 31 2006 36 2005 35 2004 36 2003 37 2002 39 2001 43 2000 43 1999 45 1998 44 1997 46 1996 50 1995 51 1994 53 1993 61 1992 61 1991 73 1990 85 1989 99 1988 103 1987 108 1986 108 1985 116 Source: Federal Deposit Insurance Commission Number of Mass. banks dropping