wbjournal.com | Book of Lists 2017 | Worcester Business Journal 25
Every business needs
a winning team on their side.
As one of the area's leading providers of financial
solutions for businesses, The Milford National has
the expertise to fit your business with a custom-
tailored financing package to help put your plans
into action. Here's just some of what we offer:
Milford National Bank Commercial Lending Team from left to right; Standing: Steven Carpinella,
Gail Colella, Peter Beecher, Fred Odoardi, Darin Foster. Seated: Kristin Carvalho, Shefali Desai
Member FDIC Equal Housing Lender SBA Preferred Lender
•
Commercial Loans
•
Commercial Mortgages
•
SBA Loans
•
Commercial Online Banking (Cash Management)
Main Office: 300 East Main Street, Milford, MA 01757 • 508-634-4100
To learn more or to schedule an appointment, call us
at 508-634-4100 or visit www.milfordnational.com
Top SBA lenders
Ranked by total number of loans issued in Massachusetts, fiscal year 2016*
Name
No. of loans FY 2016/
no. of loans FY 2015
% increase or decrease
in number of loans
Amount of loans FY 2016/
amount of loans FY 2015
% increase or decrease
in amount of loans
1
Eastern Bank
2 South Ave., Natick 01760
508-655-4101 • www.easternbank.com
798
815
-2%
$49,333,200
$46,049,200
7%
2
Citizens Bank
19 Temple St., Framingham 01701
508-424-0601 • www.citizensbank.com
226
124
82%
$37,012,500
$17,340,100
113%
3
Berkshire Bank
303 Turnpike Road, Westborough 01581
800-773-5601 • www.berkshirebank.com
175
119
47%
$17,189,600
$6,699,100
157%
4
Rockland Trust Co.
58 Main St., Franklin 02038
508-520-3958 • www.rocklandtrust.com
105
100
5%
$11,370,300
$13,091,900
-13%
5
TD Bank
295 Park Ave., Worcester 01609
508-752-2584 • www.tdbank.com
99
84
18%
$13,405,300
$9,405,000
43%
6
Santander Bank NA
446 Main St., Worcester 01608
508-890-6810 • www.santanderbank.com
65
89
-27%
$6,488,500
$20,140,500
-68%
7
Cambridge Savings Bank
145 Great Road, Acton 01720
617-575-8514 • www.cambridgesavings.com
51
39
31%
$7,790,400
$6,823,000
14%
7
St. Mary's Credit Union
46 Lizotte Drive, Marlborough 01752
508-490-8000 • www.stmaryscu.org
51
26
96%
$2,213,400
$1,650,000
34%
9
UniBank for Savings
24 Gold Star Blvd., Worcester 01605
508-756-0807 • www.unibank.com
45
17
165%
$3,192,200
$1,125,700
184%
10
Salem Five Cents Savings Bank
19 Concord Road, Sudbury 01776
800-850-5000 • www.salemfive.com
37
21
76%
$4,970,900
$10,141,000
-51%
11
Bristol County Savings Bank
375 W. Central St., Franklin 02038
508-528-2666 • www.bristolcountysavings.com
28
29
-3%
$4,265,500
$6,508,000
-34%
12
bankHometown
31 Sutton Ave., Oxford 01540
508-987-1200 • www.hometowncoop.com
25
6
317%
$3,887,000
$607,600
540%
13
Avidia Bank
42 Main St., Hudson 01749
978-562-2222 • www.avidiabank.com
24
13
85%
$8,420,800
$8,168,000
3%
14
Enterprise Bank & Trust Co.
4 Central St., Leominster 01453
978-534-7400 • www.enterprisebanking.com
19
12
58%
$5,200,200
$1,960,800
165%
15
Middlesex Savings Bank
6 Main St., Natick 01760
508-653-0300 • www.middlesexbank.com
15
9
67%
$3,666,000
$1,540,000
138%
15
SpencerBANK **
230 Park Ave., Worcester 01609
508-421-8070 • www.cornerstonebank.com
15
22
-32%
$1,885,200
$3,322,000
-43%
17
People's United Bank
491 Shrewsbury St., Worcester 01604
508-890-7640 • www.peoples.com
13
16
-19%
$2,364,000
$6,017,300
-61%
18
Commerce Bank & Trust Co. ***
386 Main St., Worcester 01608
508-797-6842 • www.bankatcommerce.com
10
22
-55%
$592,200
$4,221,500
-86%
The Oxford-based bank-
Hometown had the sharpest
increase among those on this
list, making 25 small-business
loans compared to only six the
previous year.
The bank, which has 13
branch locations from Athol and
Leominster to northeastern
Connecticut, may sound only
somewhat familiar to those who
aren't members. That's because
in May 2016, Hometown Bank
rebranded itself as bankHome-
BankHometown
rebrands
following
merger
BankHometown replaced its old
logo (top) in May 2016.
B A N K I N G & F I N A N C E F O C U S
