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20 Worcester Business Journal | February 5, 2018 | wbjournal.com Top banks Ranked by local deposits as of June 30, 2017 Top banks Ranked by local deposits as of June 30, 2017 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 $5,191,473,000 $1.3 trillion 39 4,821 $1,725,215,000,000 $16,366,000,000 $906,946,000,000 142,680 Edwin Thomas Shea market president, Central Mass. 1904 2 Middlesex Savings Bank 6 Main St., Natick 01760 508-653-0300 • www.middlesexbank.com $2,865,446,000 $4.0 billion 23 30 $4,620,429,000 $27,136,000 $2,951,068,000 512 Michael G. McAuliffe president & CEO 1835 3 TD Bank 370 Main St., Worcester 01608 508-368-6529 • www.tdbank.com $2,700,879,000 $227 billion 27 1,259 $285,494,922,000 $1,377,449,000 $141,264,574,000 25,188 Mark Crandall regional president, Conn., Mass. & R.I. 1852 4 Santander Bank 446 Main St., Worcester 01608 508-890-6810 • www.santanderbank.com $2,190,023,000 $58 billion 40 652 $78,058,193,000 $278,082,000 $48,137,563,000 9,429 Scott Powell CEO, Santander US 1907 5 Citizens Bank 34 Main St., Natick 01760 508-653-5100 • www.citizensbank.com $2,089,240,000 $88 billion 29 828 $120,724,694,000 $820,349,000 $91,065,842,000 14,792 Bruce Van Saun chairman & CEO 2005 6 Commerce Bank & Trust Co. (a) 386 Main St., Worcester 01608 508-797-6842 • www.bankatcommerce.com $1,521,721,000 $1.7 billion 13 16 $1,828,592,000 $14,371,000 $1,380,384,000 226 Michael P. Daly (b) CEO, Berkshire Bank 1955 7 UniBank for Savings 49 Church St., Whitinsville 01588 508-234-8112 • www.unibank.com $1,504,578,000 $1.5 billion 13 13 $1,595,397,000 $7,007,000 $1,172,932,000 268 Sam Pepper president & CEO 1870 8 Avidia Bank 42 Main St., Hudson 01749 978-562-2222 • www.avidiabank.com $1,034,766,000 $1.0 billion 10 10 $1,509,067,000 $9,076,000 $1,181,490,000 226 Mark R. O'Connell president & CEO 1869 9 Cornerstone Bank (c) 176 Main St., Spencer 01562 508-885-5313 • www.cornerstonebank.com $882,615,000 $883 million 15 15 $1,116,445,000 $3,043,000 $971,899,000 187 K. Michael Robbins (d) chairman & CEO 1871 10 Main Street Bank (e) 81 Granger Blvd., Marlborough 01752 508-481-8300 • www.bankmainstreet.com $815,655,000 $816 million 14 14 $989,207,000 $1,733,000 $726,114,000 164 Rick Bennett (f) CEO 1860 11 Fidelity Bank (g) 675 Main St., Fitchburg 01420 978-345-4331 • www.fidelitybankonline.com $694,684,000 $695 million 10 10 $809,421,000 $3,079,000 $642,460,000 143 Edward F. Manzi Jr. chairman & CEO 1888 12 MutualOne Bank 828 Concord St., Framingham 01701 508-820-4000 • www.mutualone.com $600,630,000 $601 million 3 3 $782,357,000 $9,155,000 $650,041,000 86 Mark Haranas president & CEO 1889 13 People's United Bank 120 Front St., Worcester 01608 508-890-5199 • www.peoples.com $587,768,000 $32.1 billion 7 406 $43,654,972,000 $236,554,000 $32,187,458,000 5,175 Patrick J. Sullivan president, Mass. 1988 14 Webster Five Cents Savings Bank 136 Thompson Road, Webster 01570 800-696-9401 • www.web5.com $569,117,000 $569 million 7 7 $798,063,000 $4,535,000 $617,812,000 142 Donald F. Doyle president & CEO 1868 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, 2017. 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, 2017. For companies based outside Central Massachusetts, the address listed is a regional headquarters or local office. Branch locations are as of January 2018. (a) Effective Oct. 2017, Commerce Bancshares Corp. was acquired by Berkshire Hills Bancorp Inc., merging Commerce Bank and Trust Co. into Berkshire Bank. Acquired locations remain operational under the Commerce Bank name. A full systems integration is targeted for March 2018. Data for this list provided by the FDIC under Commerce Bank & Trust Co. (b) Brian W. Thompson, former CEO of Commerce Bank & Trust Co., served as an advisor to Berkshire Bank until Jan. 19. (c) Formed on June 12, 2017 when SpencerBANK and Southbridge Savings Bank merged. (d) Previously president and CEO of SpencerBANK (e) Formed in April 2017 when Marlborough Savings Bank and North Middlesex Savings Bank merged. (f) Previously CEO of Marlborough Savings Bank (g) Merged with Colonial Co-operative Bank on Sept. 17, 2017; data for this list precedes the merger. - Compiled by: Heide Martin, hmartin@nebsuinessmedia.com 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, 2017. 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, 2017. For companies based outside Central Massachusetts, the address listed is a regional headquarters or local office. Branch locations are as of January 2018. (a) Effective Oct. 2017, Commerce Bancshares Corp. was acquired by Berkshire Hills Bancorp Inc., merging Commerce Bank and Trust Co. into Berkshire Bank. Acquired locations remain operational under the Commerce Bank name. A full systems integration is targeted for March 2018. Data for this list provided by the FDIC under Commerce Bank & Trust Co. (b) Brian W. Thompson, former CEO of Commerce Bank & Trust Co., served as an advisor to Berkshire Bank until Jan. 19. (c) Formed on June 12, 2017 when SpencerBANK and Southbridge Savings Bank merged. (d) Previously president and CEO of SpencerBANK (e) Formed in April 2017 when Marlborough Savings Bank and North Middlesex Savings Bank merged. (f) Previously CEO of Marlborough Savings Bank (g) Merged with Colonial Co-operative Bank on Sept. 17, 2017; data for this list precedes the merger. - Compiled by: Heide Martin, hmartin@nebsuinessmedia.com BRINGING HEALTHCARE TO LIFE www.reliantmedicalgroup.org 16-122 WBJ Book of Lists banner ad.indd 1 5/25/2016 4:31:40 PM F O C U S B A N K I N G & F I N A N C E