BranchWatch

Banks in Massachusetts

Deposit market share, branch network and structure changes for Massachusetts, from official FDIC data.

Active branches
1,883
Deposits (2026)
$645.4B
Closings on record
473
Openings on record
214

Largest retail branch networks in Massachusetts (2026)

BankDepositsShareYoYBranches
Bank of America$100.4B15.6%-0.3%146
Citizens Bank$59.3B9.2%+1.5%179
Santander Bank$36.6B5.7%+10.5%130
Eastern Bank$24.6B3.8%+19.9%113
TD Bank$21.1B3.3%-2.3%114
Rockland Trust Company$19.5B3%+20.3%143
Beacon Bank and Trust$11.0B1.7%+137.9%70
M&T Bank$6.2B1%-1.6%62
Salem Five Cents Savings Bank$6.0B0.9%+5.1%34
Needham Bank$6.0B0.9%+40.6%17
Cambridge Savings Bank$5.4B0.8%-1.1%21
Middlesex Savings Bank$5.2B0.8%-1.1%35
Chase Bank$4.9B0.8%+20.7%99
The Cape Cod Five Cents Savings Bank$4.6B0.7%+1.4%23
Leader Bank$4.3B0.7%+2.8%7
Institution for Savings in Newburyport and Its Vicinity$3.4B0.5%+3.3%13
PeoplesBank$3.0B0.5%+0.1%14
Northern Bank & Trust Company$2.8B0.4%+5.8%14
UniBank for Savings$2.6B0.4%+4.4%15
Bristol County Savings Bank$2.4B0.4%+4.1%14
Hingham Institution for Savings$2.3B0.4%+1.5%8
Avidia Bank$2.2B0.3%-8.9%10
South Shore Bank$2.2B0.3%+5.1%13

Includes institutions reporting at least five active branches in Massachusetts. Deposit share is calculated against all deposits assigned to Massachusetts offices, so the shares shown do not sum to 100%.

All institutions by deposits assigned to Massachusetts offices

BankDepositsShareYoYBranches
State Street Bank and Trust Company$242.1B37.5%+16.5%1
Bank of America$100.4B15.6%-0.3%146
Citizens Bank$59.3B9.2%+1.5%179
Santander Bank$36.6B5.7%+10.5%130
Eastern Bank$24.6B3.8%+19.9%113
TD Bank$21.1B3.3%-2.3%114
Rockland Trust Company$19.5B3%+20.3%143
Beacon Bank and Trust$11.0B1.7%+137.9%70
M&T Bank$6.2B1%-1.6%62
Salem Five Cents Savings Bank$6.0B0.9%+5.1%34
Needham Bank$6.0B0.9%+40.6%17
Cambridge Savings Bank$5.4B0.8%-1.1%21
Middlesex Savings Bank$5.2B0.8%-1.1%35
Chase Bank$4.9B0.8%+20.7%99
The Cape Cod Five Cents Savings Bank$4.6B0.7%+1.4%23
Leader Bank$4.3B0.7%+2.8%7
Institution for Savings in Newburyport and Its Vicinity$3.4B0.5%+3.3%13
PeoplesBank$3.0B0.5%+0.1%14
Northern Bank & Trust Company$2.8B0.4%+5.8%14
North Shore Bank, a Co-operative Bank$2.6B0.4%+12.8%0
UniBank for Savings$2.6B0.4%+4.4%15
Bristol County Savings Bank$2.4B0.4%+4.1%14
Hingham Institution for Savings$2.3B0.4%+1.5%8
Avidia Bank$2.2B0.3%-8.9%10
South Shore Bank$2.2B0.3%+5.1%13

Deposit location reflects the office to which deposits are reported and may not represent the residence of depositors. Banks that book nationwide deposits at a single office (for example brokerage or direct banks) can rank far above their local branch presence.

Closings (most recent 200 of 473)

Transcribed from FDIC BankFind Suite structure-change records, active-location records and the annual Summary of Deposits (June 30 reporting date). Market share is each bank's share of all deposits assigned to FDIC-insured offices in the state.