NOTE TO POTENTIAL LOAN APPLICANTS

The Small Business Banking Partnership was created to help banks expand their small business loan programs. We did not require participating banks to create a special loan program for the Partnership. Some institutions have informed us that they will do so, but many banks may use the funds to extend their existing lending programs. Thus, loan officers may not have detailed knowledge of the Partnership.

The Office of the State Treasurer does not directly loan any funds and will not be involved in making any loan determinations. Thus, if you have an interest in seeking a loan under this program, then you should apply for a small business loan at a participating bank in the normal manner. If you have additional questions or concerns, please contact our office at (617) 367-3900 or partnership@tre.state.ma.us

SMALL BUSINESS BANKING PARTNERSHIP
PARTICIPATING BANKS

City/Town

Bank Name

Deposit

No. of Loans as of 03/31/2017
ArlingtonLeader Bank NA$10,000,000.00                        374
AyerNorth Middlesex Savings Bank$10,000,000.00                        617
BelmontBelmont Savings Bank$10,000,000.00                          38
BeverlyBeverly Bank (Formerly Beverly Cooperative Bank)$10,000,000.00                        512
BostonEast West Bank$10,000,000.00                          60
BostonRadius Bank (formerly First Trade Union Bank)$10,000,000.00                        207
BrocktonHarborOne Bank $5,000,000.00                        139
CambridgeCambridge Savings Bank$5,000,000.00                        161
ChicopeeChicopee Savings Bank (merged with Westfield Bank)Deposit Returned                        948
DanversPeople's United Bank $10,000,000.00                          52
DorchesterMeetinghouse Bank$3,000,000.00                            6
East BostonEast Boston Savings Bank$10,000,000.00                        204
East CambridgeEast Cambridge Savings Bank$10,000,000.00                        112
EasthamptonEasthampton Savings$10,000,000.00                        315
EverettEverett Co-operative Bank$10,000,000.00                        320
Fall RiverBankFive$5,000,000.00                          28
Fall RiverBay Coast Bank (formerly Citizens-Union Savings Bank)$10,000,000.00                          24
FitchburgRollstone$2.5MM Deposit Returned                        289
GloucesterBankGloucester$10,000,000.00                        129
GreenfieldGreenfield Co-operative Bank$2,000,000.00                        124
GreenfieldGreenfield Savings Bank$5,000,000.00                        451
HaverhillHaverhill Bank$5,000,000.00                        113
HaverhillPentucket Bank$5,000,000.00                        230
HudsonAvidia Bank$ 2MM Deposit Returned                          28
HyannisBank of Cape Cod$ 10MM Deposit Returned                        114
HyannisCape Cod Cooperative Bank$ 5MM Deposit Returned                        224
LeominsterFidelity Bank$5,000,000.00                        167
LowellLowell Five Cent Savings Bank$10,000,000.00                        187
LowellSage Bank (formerly Lowell Cooperative Bank)$ 5MM Deposit Returned                          16
LynnEastern Bank$ 5MM Deposit Returned                          28
Mansfield     Mansfield Bank        $10,000,000.00                          44
MarlboroughMarlborough Savings Bank$10,000,000.00                          87
MedfordCentury Bank and Trust Company$ 10MM Deposit Returned                        573
NeedhamNeedham Bank$ 5MM Deposit Returned                        407
NewburyportNewburyport Five Cents Savings Bank, The$ 10MM Deposit Returned                        158
NewtonVillage Bank$2,000,000.00                        122
North AdamsMountainOne Bank (formerly Hoosac Bank & South Coastal Bank)$10,000,000.00                        748
OrleansCape Cod Five Cents Savings Bank$ 10MM Deposit Returned                          65
OxfordHometown Bank, A Co-operative Bank$10,000,000.00                        274
PittsfieldBerkshire Bank (merged with Hampden Bank)$10,000,000.00                        328
Randolph Randolph Savings Bank$5,000,000.00                          25
ReadingReading Co-operative Bank$10,000,000.00                        130
RocklandRockland Trust Company$5,000,000.00                     4,703
South WeymouthSouth Shore Savings Bank$10,000,000.00                        482
SouthbridgeSavers Co-operative Bank$10,000,000.00                        143
SouthbridgeSouthbridge Savings Bank$10,000,000.00                        151
SpringfieldHampden BankDeposit Returned                        110
SpringfieldNuvo Bank and Trust Company$250,000 Deposit Returned                            5
Stoneham Stoneham Bank $5,000,000.00                          53
TauntonBristol County Savings Bank$10,000,000.00                        386
TauntonMechanics' Co-operative Bank$ 5MM Deposit Returned                        377
WakefieldSavings Bank, The$10,000,000.00                          26
WalpoleWalpole Co-operative  Bank$10,000,000.00                        305
WestfieldWestfield Bank$10,000,000.00                          52
WhitmanMutual Bank$10,000,000.00                        283
WorcesterBay State Savings Bank$5,000,000.00                        123
WorcesterCommerce Bank & Trust Company (formerly Mercantile Bank and Trust Company)$5,000,000.00                        880
    
                       
  $347,000,000.0017,257.00
      
 No. of Banks 43