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18 Worcester Business Journal | Book of Lists 2018 | wbjournal.com 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 Jr. 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 U.S. 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.berkshirebank.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 Richard 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 15 Clinton Savings Bank 200 Church St., Clinton 01510 978-365-3700 • www.clintonsavings.com $417,455,000 $417 million 6 6 $536,863,000 $3,722,000 $407,825,000 98 Robert J. Paulhus Jr. president & CEO 1851 16 bankHometown 31 Sutton Ave., Oxford 01540 508-987-1200 • www.hometowncoop.com $406,418,000 $614 million 8 13 $730,403,000 $3,258,000 $490,037,000 114 Michael D. Hewitt (h) president & CEO 1889 17 Rollstone Bank & Trust 780 Main St., Fitchburg 01420 978-345-1061 • www.rollstonebank.com $402,427,000 $402 million 6 (i) 6 (i) $641,830,000 $3,200,000 $479,238,000 96 Martin F. Connors Jr. president & CEO 1846 18 Savers Bank 270 Main St., Southbridge 01550 508-764-4329 • www.saversbank.com $376,959,000 $377 million 6 (j) 6 (j) $530,936,000 $2,243,000 $435,206,000 94 Joseph A. Coderre president & CEO 1910 19 Rockland Trust Co. 58 Main St., Franklin 02038 508-520-3958 • www.rocklandtrust.com $366,293,000 $6.7 billion 4 87 $8,051,997,000 $66,923,000 $6,235,651,000 1,117 Christopher Oddleifson CEO 1907 20 Athol Savings Bank 444 Main St., Athol 01331 978-249-3200 • www.atholsb.com $330,500,000 $331 million 8 8 $406,149,000 $1,655,000 $276,901,000 90 Daniel Zona president & CEO 1867 F O C U S B A N K I N G & F I N A N C E Debt rising Along with the national total, total debt per capita in Massachusetts has risen steadily since a dip during the recession: Massachusetts United States 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 $42,120 $33,430 $48,000 $37,290 $52,820 $40,650 $57,060 $45,410 $60,610 $50,170 $62,180 $52,010 $60,100 $49,820 $58,430 $47,410 $59,730 $47,790 $59,400 $47,020 $58,940 $45,310 $58,940 $45,710 $59,820 $46,000 $60,770 $46,950 $63,070 $48,800 Note: Data is for fourth quarter of each year. Source: Federal Reserve Bank of New York