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20 Worcester Business Journal | Book of Lists 2018 | 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, 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 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 21 Bay State Savings Bank 28 Franklin St., Worcester 01608 508-890-9000 • www.baystatesavings.com $300,301,000 $300 million 8 (k) 8 (k) $394,256,000 $2,748,000 $336,379,000 68 Peter B. Alden president & CEO 1895 22 Milford Federal Savings and Loan 246 Main St., Milford 01757 508-634-2500 • www.milfordfederal.com $285,709,000 $322 million 3 4 $383,629,000 $918,000 $340,114,000 77 Cynthia A. Casey president & CEO 1937 23 Milford National Bank & Trust Co. 300 E. Main St., Milford 01757 508-634-4100 • www.milfordnationalonline.com $283,708,000 $284 million 4 (l) 4 (l) $330,144,000 $1,440,000 $269,481,000 65 Kristin T. Carvalho president & CEO 1849 24 Dean Bank 21 Main St., Franklin 02038 508-528-0088 • www.deanbank.com $252,812,000 $253 million 4 4 $293,010,000 $933,000 $210,434,000 66 Kevin R. Goffe president & CEO 1889 25 Country Bank 278 Park Ave., Worcester 01609 800-322-8233 • www.countrybank.com $245,009,000 $1.1 billion 5 14 $1,545,116,000 $9,204,000 $1,150,741,000 222 Paul F. Scully president & CEO 1850 26 United Bank 1 Mercantile St., Worcester 01608 508-793-8333 • www.bankatunited.com $239,432,000 $5.0 billion 5 54 $6,969,961,000 $49,432,000 $5,267,575,000 745 William H.W. Crawford IV CEO 1882 27 Enterprise Bank & Trust Co. 4 Central St., Leominster 01453 978-656-5689 • www.enterprisebanking.com $237,270,000 $2.4 billion 3 24 $2,725,408,000 $17,308,000 $2,170,066,000 463 John Clancy Jr. CEO 1989 28 Charles River Bank 70 Main St., Medway 02053 508-533-8661 • www.charlesriverbank.com $194,723,000 $195 million 4 (m) 4 (m) $227,894,000 $485,000 $170,545,000 45 John S. Hamilton president & CEO 1915 29 Millbury Savings Bank 109 Elm St., Millbury 01527 508-865-5811 • www.millburysavingsbank.com $184,783,000 $185 million 2 2 $237,853,000 $1,023,000 $174,723,000 38 Robert Morton president & CEO 1854 30 North Brookfield Savings Bank 9 Gilbert St., North Brookfield 01535 508-867-7443 • www.northbrookfieldsavingsbank.com $162,745,000 $233 million 3 7 $301,315,000 $1,113,000 $211,336,000 65 Donna L. Boulanger president & CEO 1854 31 The Village Bank 62 Boston Post Road, Wayland 01778 617-969-4300 • www.village-bank.com $125,886,000 $880 million 1 8 $1,047,798,000 $5,924,000 $856,693,000 121 Joseph A. De Vito president & CEO 1910 32 Northern Bank & Trust 265 Great Road, Littleton 01460 978-486-3543 • www.nbtc.com $93,163,000 $1.6 billion 3 13 (l) $2,062,851,000 $20,692,000 $1,796,775,000 170 James J. Mawn Jr. president & CEO 1960 33 Eastern Bank 2 South Ave., Natick 01760 508-655-4101 • easternbank.com $80,882,000 $8.8 billion 1 93 $10,731,743,000 $77,146,000 $8,081,502,000 1,762 Quincy Miller (n) president 1818 34 Millbury National Bank 18 Main St., Millbury 01527 508-865-9521 • www.mnbonline.com $79,065,000 $79.1 million 2 2 $89,928,000 $116,000 $63,631,000 19 Kathleen Marcum president 1825 35 Needham Bank 41 Front St., Ashland 01721 508-881-1088 • www.needhambank.com $77,689,000 $1.5 billion 3 10 (l) $2,028,271,000 $7,541,000 $1,724,737,000 180 Joseph Campanelli president & CEO 1892 36 Salem Five 19 Concord Road, Sudbury 01776 978-579-0592 • www.salemfive.com $63,789,000 $3.3 billion 1 32 (l) $4,682,195,000 $25,328,000 $3,495,474,000 618 Ping Yin Chai president & CEO 1855 37 Colonial Co-operative Bank (o) 6 City Hall Ave., Gardner 01440 978-632-0171 • www.colonial4banking.com $62,998,000 $63.0 million 2 2 $66,163,000 $30,000 $56,740,000 24 Joseph Guercio president & CEO 1915 38 Cambridge Savings Bank 145 Great Road, Acton 01720 888-418-5626 • www.cambridgesavings.com $53,226,000 $2.7 billion 1 17 (l) $3,585,861,000 $19,581,000 $2,763,414,000 351 Wayne J. Patenaude president & CEO 1834 Less than $100 million: 6 banks $100 million to $250 million: 15 banks $250 million to $1 billion: 63 banks $1 billion to $10 billion: 37 banks More than $10 billion: 3 banks Source: Federal Deposit Insurance Corporation Mass. banking sizes Size of Massachusetts- based banks, by assets: 4.8% of market 12.1% of market 50.8% of market 29.8% of market 2.4% of market