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www.HartfordBusiness.com August 28, 2017 • Hartford Business Journal 9 To view the full list, please visit HartfordBusiness.com THE LIST Largest in-state banks (Ranked by deposits as of June 30, 2016) Rank Company Total deposits in market (000) Market share Assets 3/31/2017 (000) Net loans and leases 3/31/2017 (000) Net Income 3/31/2017 (000) Conn. offices Head of bank/ title Date established 1 Webster Bank 137 Bank St. Waterbury, CT 06702 203-578-2200; public.websteronline.com $16,509,443 12.78% $25,991,843 $16,924,096 $66,432 115 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 12.74% $40,016,262 $29,514,146 $64,618 150 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 2.70% $4,669,681 $3,518,043 $8,759 55 Chandler J. Howard President & CEO 1825 4 United Bank (2) 25 Park St. Vernon/Rockville, CT 06066 866-959-2265; www.bankatunited.com $3,160,987 2.45% $6,685,461 $5,000,883 $14,597 33 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 1.54% $2,904,119 $2,588,181 $5,375 26 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 1.30% $2,193,255 $1,672,915 $3,018 26 Cynthia C. Merkle President & CEO 1866 7 Fairfield County Bank 150 Danbury Road Ridgefield, CT 06877 203-438-6518; www.fairfieldcountybank.com $1,263,291 0.98% $1,558,365 $1,231,772 $2,495 17 David A. Schneider CEO 1871 8 Bankwell Bank 208 Elm St. New Canaan, CT 06480 203-972-3838; mybankwell.com $1,188,309 0.92% $1,669,308 $1,406,406 $4,485 10 Christopher Gruseke CEO 2002 9 First County Bank 160 Atlantic St. Stamford, CT 06901 203-462-4400; www.firstcountybank.com $1,007,961 0.78% $1,553,775 $1,150,707 $1,675 16 Reyno A. Giallongo Jr. Chairman & CEO 1851 10 ion Bank 251 Church St. Naugatuck, CT 06770 877-729-4442; ionbank.com $914,864 0.71% $1,240,521 $1,020,791 $1,379 17 Charles J. Boulier III President & CEO 1870 11 Savings Institute Bank and Trust Co. 803 Main St. Willimantic, CT 06226 860-423-4581; www.savingsinstitute.com $862,215 0.67% $1,583,224 $1,243,152 $1,829 20 Rheo A. Brouillard President & CEO 1842 12 Newtown Savings Bank 39 Main St. Newtown, CT 06470 203-426-2563; www.nsbonline.com $816,261 0.63% $1,175,878 $987,602 $1,385 14 John Trentacosta (3) President & CEO 1855 13 Chelsea Groton Bank 1 Franklin Square Norwich, CT 06360 860-448-4200; www.chelseagroton.com $813,716 0.63% $1,055,885 $737,142 $1,914 14 B. Michael Rauh Jr. President & CEO 1854 14 Thomaston Savings Bank 203 Main St. Thomaston, CT 06787 860-283-1874; thomastonsavingsbank.com $790,964 0.61% $971,272 $671,276 $1,024 12 Stephen L. Lewis President & CEO 1874 15 Savings Bank of Danbury 220 Main St. Danbury, CT 06810 203-743-3849; sbdanbury.com $709,853 0.55% $988,706 $847,778 $2,076 14 Martin G. Morgado President & CEO 1849 16 Torrington Savings Bank 129 Main St. Torrington, CT 06790 860-496-2152; torringtonsavings.com $670,138 0.52% $824,181 $446,373 $1,013 8 John E. Janco President & CEO 1868 17 Fieldpoint Private Bank & Trust 100 Field Point Road Greenwich, CT 06830 203-413-9300; www.fieldpointprivate.com $613,849 0.48% $889,302 $666,700 $1,439 1 Robert S. Matthews CEO 2008 18 Dime Bank 290 Salem Turnpike Norwich, CT 06360 860-859-4300; dime-bank.com $531,658 0.41% $813,948 $560,394 $662 11 Nicholas Caplanson President & CEO 1869 19 Darien Rowayton Bank 1001 Post Road Darien, CT 06820 203-656-3500; www.drbank.com $521,506 0.40% $561,027 $414,303 ($625) 3 Robert K. Kettenmann President & COO 2006 20 The Guilford Savings Bank 1 Park St. Guilford, CT 06437 203-453-2721; www.gsb-yourbank.com $509,374 0.39% $691,299 $494,075 $1,699 6 Timothy P. Geelan President & CEO 1875 21 Connecticut Community Bank (4) 1495 Post Road East Westport, CT 06880 203-319-6260; www.ccbankonline.com $421,702 0.33% $459,109 $373,334 $35 10 William B. Laudano Jr. CEO 1998 22 Patriot Bank 900 Bedford St. Stamford, CT 06901 203-251-7200; www.pnbk.com $409,811 0.32% $774,818 $625,030 $2,096 8 Michael Carrazza Chairman & CEO 1994 23 Salisbury Bank & Trust Co. 5 Bissell St. Lakeville, CT 06039 860-435-9801; www.salisburybank.com $381,725 0.30% $939,448 $764,718 $1,737 4 Richard J. Cantele Jr. President & CEO 1874 24 The Simsbury Bank & Trust Co. 981 Hopmeadow St. Simsbury, CT 06070 860-658-2265; www.simsburybank.com $377,987 0.29% $505,906 $403,223 $634 5 Martin J. Geitz President & CEO 1995 25 Putnam Bank 40 Main St. Putnam, CT 06260 860-928-6501; www.putnambank.com $362,420 0.28% $500,628 $292,247 $653 8 Thomas A. Borner President & CEO 1862 Sources: Federal Deposit Insurance Corp. website: www.fdic.gov and banks Notes: Number of Conn. offices as of June 2017. Deposit and market share data as of June 30, 2016 were previously published in the 2016/2017 Book of Lists. Market share data differ on this list as FDIC has since updated. (1) Acquired Naugatuck Valley Financial Corp., parent to Naugatuck Valley Savings and Loan, effective Jan. 15, 2016. (2) Plans to relocate administrative offices from Glastonbury to the Goodwin Square building located at 225 Asylum St. in Hartford by end of year 2017. (3) Effective Jan. 1, 2018, Kenneth L. Weinstein will succeed Trentacosta upon his retirement Dec. 31, 2017. (4) Operates the following as divisions: Darien Bank & Trust Co., Greenwich Bank & Trust Co., InsurBanc, Norwalk Bank & Trust Co., Stamford Bank & Trust Co. and Westport National Bank. —Compiled by Heide Martin. one central web-based portal. Additionally, it can be fully inte- grated with internal finance functions such as investment management and accounts pay- able and receivables. KeyBank recently acquired HelloWallet, a personal finance platform that we had an exclu- sive relationship with previ- ously. It provides customers with online and digital tools that give a real-time, complete snapshot of their finances and enables them to create budgets, plan for major purchases and life events, and track changes in their finances. Using Hel- loWallet and guidance from Key bankers, customers can assess and improve their finan- cial health. n was modified, and since then students meet one or two days a month over a two-year period. "What makes it such a good investment from the bank's as well as the student's perspective is that it is an exceptionally thorough program, lasting over two years and roughly 150 hours of instruction covering a myriad of banking departments and topics," Toffey said. The instruction is provided by senior executives actively employed at banks along with senior profession- als who are involved in the banking industry in any num- ber of different facets, Toffey said. Toffey said the first year of the program ends with a research project that tests knowledge of everything stu- dents have learned up to that point. The second year ends with a three-day simulation program, where the class is broken into smaller groups, each acting as a "manage- ment team," he says. "With the help of advisors, each team must run a fictitious institution over that time period, where they are exposed to management decisions, per- sonnel models, balance sheet management and more, all to bring the two-year program and everything they have learned full circle." n Q&A: Jeff Hubbard CT Bankers' school Rank Company in market (000) Market share Assets 3/31/2017 (000) leases 3/31/2017 (000) Net Income 3/31/2017 (000) Conn. offices Head of bank/ title Date established 1 Webster Bank 137 Bank St. Waterbury, CT 06702 203-578-2200; public.websteronline.com $16,509,443 12.78% $25,991,843 $16,924,096 $66,432 115 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 12.74% $40,016,262 $29,514,146 $64,618 150 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 2.70% $4,669,681 $3,518,043 $8,759 55 Chandler J. Howard President & CEO 1825 4 United Bank (2) 25 Park St. Vernon/Rockville, CT 06066 866-959-2265; www.bankatunited.com $3,160,987 2.45% $6,685,461 $5,000,883 $14,597 33 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 1.54% $2,904,119 $2,588,181 $5,375 26 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 1.30% $2,193,255 $1,672,915 $3,018 26 Cynthia C. Merkle President & CEO 1866 7 Fairfield County Bank 150 Danbury Road Ridgefield, CT 06877 203-438-6518; www.fairfieldcountybank.com $1,263,291 0.98% $1,558,365 $1,231,772 $2,495 17 David A. Schneider CEO 1871 8 Bankwell Bank 208 Elm St. New Canaan, CT 06480 203-972-3838; mybankwell.com $1,188,309 0.92% $1,669,308 $1,406,406 $4,485 10 Christopher Gruseke CEO 2002 9 First County Bank 160 Atlantic St. Stamford, CT 06901 203-462-4400; www.firstcountybank.com $1,007,961 0.78% $1,553,775 $1,150,707 $1,675 16 Reyno A. Giallongo Jr. Chairman & CEO 1851 10 ion Bank 251 Church St. Naugatuck, CT 06770 877-729-4442; ionbank.com $914,864 0.71% $1,240,521 $1,020,791 $1,379 17 Charles J. Boulier III President & CEO 1870 11 Savings Institute Bank and Trust Co. 803 Main St. Willimantic, CT 06226 860-423-4581; www.savingsinstitute.com $862,215 0.67% $1,583,224 $1,243,152 $1,829 20 Rheo A. Brouillard President & CEO 1842 12 Newtown Savings Bank 39 Main St. Newtown, CT 06470 203-426-2563; www.nsbonline.com $816,261 0.63% $1,175,878 $987,602 $1,385 14 John Trentacosta (3) President & CEO 1855 13 Chelsea Groton Bank 1 Franklin Square Norwich, CT 06360 860-448-4200; www.chelseagroton.com $813,716 0.63% $1,055,885 $737,142 $1,914 14 B. Michael Rauh Jr. President & CEO 1854 14 Thomaston Savings Bank 203 Main St. Thomaston, CT 06787 860-283-1874; thomastonsavingsbank.com $790,964 0.61% $971,272 $671,276 $1,024 12 Stephen L. Lewis President & CEO 1874 15 Savings Bank of Danbury 220 Main St. Danbury, CT 06810 203-743-3849; sbdanbury.com $709,853 0.55% $988,706 $847,778 $2,076 14 Martin G. Morgado President & CEO 1849 16 Torrington Savings Bank 129 Main St. Torrington, CT 06790 860-496-2152; torringtonsavings.com $670,138 0.52% $824,181 $446,373 $1,013 8 John E. Janco President & CEO 1868 17 Fieldpoint Private Bank & Trust 100 Field Point Road Greenwich, CT 06830 203-413-9300; www.fieldpointprivate.com $613,849 0.48% $889,302 $666,700 $1,439 1 Robert S. Matthews CEO 2008 18 Dime Bank 290 Salem Turnpike Norwich, CT 06360 860-859-4300; dime-bank.com $531,658 0.41% $813,948 $560,394 $662 11 Nicholas Caplanson President & CEO 1869 19 Darien Rowayton Bank 1001 Post Road Darien, CT 06820 203-656-3500; www.drbank.com $521,506 0.40% $561,027 $414,303 ($625) 3 Robert K. Kettenmann President & COO 2006 20 The Guilford Savings Bank 1 Park St. Guilford, CT 06437 203-453-2721; www.gsb-yourbank.com $509,374 0.39% $691,299 $494,075 $1,699 6 Timothy P. Geelan President & CEO 1875 21 Connecticut Community Bank (4) 1495 Post Road East Westport, CT 06880 203-319-6260; www.ccbankonline.com $421,702 0.33% $459,109 $373,334 $35 10 William B. Laudano Jr. CEO 1998 22 Patriot Bank 900 Bedford St. Stamford, CT 06901 203-251-7200; www.pnbk.com $409,811 0.32% $774,818 $625,030 $2,096 8 Michael Carrazza Chairman & CEO 1994 23 Salisbury Bank & Trust Co. 5 Bissell St. Lakeville, CT 06039 860-435-9801; www.salisburybank.com $381,725 0.30% $939,448 $764,718 $1,737 4 Richard J. Cantele Jr. President & CEO 1874 24 The Simsbury Bank & Trust Co. 981 Hopmeadow St. Simsbury, CT 06070 860-658-2265; www.simsburybank.com $377,987 0.29% $505,906 $403,223 $634 5 Martin J. Geitz President & CEO 1995 25 Putnam Bank 40 Main St. Putnam, CT 06260 860-928-6501; www.putnambank.com $362,420 0.28% $500,628 $292,247 $653 8 Thomas A. Borner President & CEO 1862 Sources: Federal Deposit Insurance Corp. website: www.fdic.gov and banks Notes: Number of Conn. offices as of June 2017. Deposit and market share data as of June 30, 2016 were previously published in the 2016/2017 Book of Lists. Market share data differ on this list as FDIC has since updated. (1) Acquired Naugatuck Valley Financial Corp., parent to Naugatuck Valley Savings and Loan, effective Jan. 15, 2016. (2) Plans to relocate administrative offices from Glastonbury to the Goodwin Square building located at 225 Asylum St. in Hartford by end of year 2017. (3) Effective Jan. 1, 2018, Kenneth L. Weinstein will succeed Trentacosta upon his retirement Dec. 31, 2017. (4) Operates the following as divisions: Darien Bank & Trust Co., Greenwich Bank & Trust Co., InsurBanc, Norwalk Bank & Trust Co., Stamford Bank & Trust Co. and Westport National Bank. —Compiled by Heide Martin. Rank Company (000) Market share 3/31/2017 (000) 3/31/2017 (000) 3/31/2017 (000) offices title established 1 Webster Bank 137 Bank St. Waterbury, CT 06702 203-578-2200; public.websteronline.com $16,509,443 12.78% $25,991,843 $16,924,096 $66,432 115 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 12.74% $40,016,262 $29,514,146 $64,618 150 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 2.70% $4,669,681 $3,518,043 $8,759 55 Chandler J. Howard President & CEO 1825 4 United Bank (2) 25 Park St. Vernon/Rockville, CT 06066 866-959-2265; www.bankatunited.com $3,160,987 2.45% $6,685,461 $5,000,883 $14,597 33 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 1.54% $2,904,119 $2,588,181 $5,375 26 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 1.30% $2,193,255 $1,672,915 $3,018 26 Cynthia C. Merkle President & CEO 1866 7 Fairfield County Bank 150 Danbury Road Ridgefield, CT 06877 203-438-6518; www.fairfieldcountybank.com $1,263,291 0.98% $1,558,365 $1,231,772 $2,495 17 David A. Schneider CEO 1871 8 Bankwell Bank 208 Elm St. New Canaan, CT 06480 203-972-3838; mybankwell.com $1,188,309 0.92% $1,669,308 $1,406,406 $4,485 10 Christopher Gruseke CEO 2002 9 First County Bank 160 Atlantic St. Stamford, CT 06901 203-462-4400; www.firstcountybank.com $1,007,961 0.78% $1,553,775 $1,150,707 $1,675 16 Reyno A. Giallongo Jr. Chairman & CEO 1851 10 ion Bank 251 Church St. Naugatuck, CT 06770 877-729-4442; ionbank.com $914,864 0.71% $1,240,521 $1,020,791 $1,379 17 Charles J. Boulier III President & CEO 1870 11 Savings Institute Bank and Trust Co. 803 Main St. Willimantic, CT 06226 860-423-4581; www.savingsinstitute.com $862,215 0.67% $1,583,224 $1,243,152 $1,829 20 Rheo A. Brouillard President & CEO 1842 12 Newtown Savings Bank 39 Main St. Newtown, CT 06470 203-426-2563; www.nsbonline.com $816,261 0.63% $1,175,878 $987,602 $1,385 14 John Trentacosta (3) President & CEO 1855 13 Chelsea Groton Bank 1 Franklin Square Norwich, CT 06360 860-448-4200; www.chelseagroton.com $813,716 0.63% $1,055,885 $737,142 $1,914 14 B. Michael Rauh Jr. President & CEO 1854 14 Thomaston Savings Bank 203 Main St. Thomaston, CT 06787 860-283-1874; thomastonsavingsbank.com $790,964 0.61% $971,272 $671,276 $1,024 12 Stephen L. Lewis President & CEO 1874 15 Savings Bank of Danbury 220 Main St. Danbury, CT 06810 203-743-3849; sbdanbury.com $709,853 0.55% $988,706 $847,778 $2,076 14 Martin G. Morgado President & CEO 1849 16 Torrington Savings Bank 129 Main St. Torrington, CT 06790 860-496-2152; torringtonsavings.com $670,138 0.52% $824,181 $446,373 $1,013 8 John E. Janco President & CEO 1868 17 Fieldpoint Private Bank & Trust 100 Field Point Road Greenwich, CT 06830 203-413-9300; www.fieldpointprivate.com $613,849 0.48% $889,302 $666,700 $1,439 1 Robert S. Matthews CEO 2008 18 Dime Bank 290 Salem Turnpike Norwich, CT 06360 860-859-4300; dime-bank.com $531,658 0.41% $813,948 $560,394 $662 11 Nicholas Caplanson President & CEO 1869 19 Darien Rowayton Bank 1001 Post Road Darien, CT 06820 203-656-3500; www.drbank.com $521,506 0.40% $561,027 $414,303 ($625) 3 Robert K. Kettenmann President & COO 2006 20 The Guilford Savings Bank 1 Park St. Guilford, CT 06437 203-453-2721; www.gsb-yourbank.com $509,374 0.39% $691,299 $494,075 $1,699 6 Timothy P. Geelan President & CEO 1875 21 Connecticut Community Bank (4) 1495 Post Road East Westport, CT 06880 203-319-6260; www.ccbankonline.com $421,702 0.33% $459,109 $373,334 $35 10 William B. Laudano Jr. CEO 1998 22 Patriot Bank 900 Bedford St. Stamford, CT 06901 203-251-7200; www.pnbk.com $409,811 0.32% $774,818 $625,030 $2,096 8 Michael Carrazza Chairman & CEO 1994 23 Salisbury Bank & Trust Co. 5 Bissell St. Lakeville, CT 06039 860-435-9801; www.salisburybank.com $381,725 0.30% $939,448 $764,718 $1,737 4 Richard J. Cantele Jr. President & CEO 1874 24 The Simsbury Bank & Trust Co. 981 Hopmeadow St. Simsbury, CT 06070 860-658-2265; www.simsburybank.com $377,987 0.29% $505,906 $403,223 $634 5 Martin J. Geitz President & CEO 1995 25 Putnam Bank 40 Main St. Putnam, CT 06260 860-928-6501; www.putnambank.com $362,420 0.28% $500,628 $292,247 $653 8 Thomas A. Borner President & CEO 1862 Sources: Federal Deposit Insurance Corp. website: www.fdic.gov and banks Notes: Number of Conn. offices as of June 2017. Deposit and market share data as of June 30, 2016 were previously published in the 2016/2017 Book of Lists. Market share data differ on this list as FDIC has since updated. (1) Acquired Naugatuck Valley Financial Corp., parent to Naugatuck Valley Savings and Loan, effective Jan. 15, 2016. (2) Plans to relocate administrative offices from Glastonbury to the Goodwin Square building located at 225 Asylum St. in Hartford by end of year 2017. (3) Effective Jan. 1, 2018, Kenneth L. Weinstein will succeed Trentacosta upon his retirement Dec. 31, 2017. (4) Operates the following as divisions: Darien Bank & Trust Co., Greenwich Bank & Trust Co., InsurBanc, Norwalk Bank & Trust Co., Stamford Bank & Trust Co. and Westport National Bank. —Compiled by Heide Martin.