BranchWatch

Banks in Massachusetts

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

Active branches
1,876
Deposits (2025)
$602.8B
Closings on record
469
Openings on record
204

Largest retail branch networks in Massachusetts (2025)

BankDepositsShareYoYBranches
Bank of America$100.8B16.7%+4.3%146
Citizens Bank$58.4B9.7%-2.0%179
Santander Bank$33.2B5.5%+16.2%114
TD Bank$21.6B3.6%+2.1%115
Eastern Bank$20.5B3.4%+19.2%114
Rockland Trust Company$16.2B2.7%+4.6%143
M&T Bank$6.2B1%-0.9%62
Salem Five Cents Savings Bank$5.8B1%+6.9%34
Cambridge Savings Bank$5.4B0.9%-3.1%21
Middlesex Savings Bank$5.2B0.9%+3.7%35
Beacon Bank and Trust$4.6B0.8%+1.6%70
The Cape Cod Five Cents Savings Bank$4.5B0.7%+1.7%23
Needham Bank$4.3B0.7%+9.0%16
Leader Bank$4.1B0.7%+12.6%6
Chase Bank$4.1B0.7%+2.9%94
Institution for Savings in Newburyport and Its Vicinity$3.3B0.5%+4.0%13
PeoplesBank$3.0B0.5%-7.4%14
Northern Bank & Trust Company$2.7B0.4%-4.3%14
UniBank for Savings$2.5B0.4%+2.8%15
Avidia Bank$2.5B0.4%+20.4%10
TruNorth Bank$2.3B0.4%+72.7%29

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$207.8B34.5%+15.8%1
Bank of America$100.8B16.7%+4.3%146
Citizens Bank$58.4B9.7%-2.0%179
Santander Bank$33.2B5.5%+16.2%114
TD Bank$21.6B3.6%+2.1%115
Eastern Bank$20.5B3.4%+19.2%114
Rockland Trust Company$16.2B2.7%+4.6%143
Berkshire Bank$6.4B1.1%+2.7%0
M&T Bank$6.2B1%-0.9%62
Salem Five Cents Savings Bank$5.8B1%+6.9%34
Cambridge Savings Bank$5.4B0.9%-3.1%21
Middlesex Savings Bank$5.2B0.9%+3.7%35
Beacon Bank and Trust$4.6B0.8%+1.6%70
The Cape Cod Five Cents Savings Bank$4.5B0.7%+1.7%23
Needham Bank$4.3B0.7%+9.0%16
Leader Bank$4.1B0.7%+12.6%6
Chase Bank$4.1B0.7%+2.9%94
HarborOne Bank$3.8B0.6%0.0%0
Enterprise Bank and Trust Company$3.3B0.6%+2.4%0
Institution for Savings in Newburyport and Its Vicinity$3.3B0.5%+4.0%13
PeoplesBank$3.0B0.5%-7.4%14
Northern Bank & Trust Company$2.7B0.4%-4.3%14
UniBank for Savings$2.5B0.4%+2.8%15
Avidia Bank$2.5B0.4%+20.4%10
TruNorth Bank$2.3B0.4%+72.7%29

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 469)

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.