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

LocationBank Wired/On Deposit Loans as of 11/30/2014
ArlingtonLeader Bank NA$10,000,000.00166
AyerNorth Middlesex Savings Bank$5,000,000.00469
BelmontBelmont Savings Bank$10,000,000.0028
BeverlyBeverly Bank (formerly Beverly Cooperative Bank)$10,000,000.00271
BostonEast West Bank$10,000,000.0021
BostonPeople's United Bank$5,000,000.00-
BostonRadius Bank (formerly First Trade Union Bank)$5,000,000.00150
BrocktonHarborOne$5,000,000.0037
CambridgeCambridge Savings Bank$5,000,000.0094
ChicopeeChicopee Savings Bank$10,000,000.00571
DorchesterMeetinghouse Bank$3,000,000.004
East BostonEast Boston Savings Bank$10,000,000.00146
East CambridgeEast Cambridge Savings Bank$10,000,000.0054
EasthamptonEasthampton Savings Bank$10,000,000.00164
EverettEverett Co-operative Bank$10,000,000.00215
Fall RiverBankFive$5,000,000.0026
Fall RiverBayCoast Bank (formerly Citizens-Union Savings Bank)$10,000,000.0020
FitchburgRollstone Bank and Trust$2,500,000.0023
GloucesterBankGloucester$5,000,000.0081
GreenfieldGreenfield Co-operative Bank$2,000,000.0072
GreenfieldGreenfield Savings Bank$5,000,000.00151
HaverhillHaverhill Bank$5,000,000.0065
HaverhillPentucket Bank$10,000,000.00130
HudsonAvidia Bank$2,000,000.0024
HyannisBank of Cape Cod$10,000,000.00112
HyannisCape Cod Cooperative Bank (2)-224
LeominsterFidelity Bank$5,000,000.00108
LowellLowell Five Cent Savings Bank$10,000,000.00114
LowellSage Bank (formerly Lowell Co-operative Bank) (1)-16
LynnEastern Bank$5,000,000.0028
MansfieldMansfield Bank$5,000,000.0011
MarlboroughMarlborough Savings$5,000,000.0048
MedfordCentury Bank and Trust Company$10,000,000.00347
NeedhamNeedham Bank$5,000,000.00249
NewburyportNewburyport Five Cents Savings Bank, The (4)$10,000,000.0098
NewtonVillage Bank$2,000,000.0064
North AdamsMountainOne Bank (formerly Hoosac Bank and South Coastal Bank)$10,000,000.00472
OrleansCape Cod Five Cents Savings Bank$10,000,000.0065
OxfordHometown Bank, A Co-operative Bank$10,000,000.00160
PittsfieldBerkshire Bank$5,000,000.00174
ReadingReading Co-operative Bank$10,000,000.0091
RandolphRandolph Savings Bank (3)$5,000,000.00-
RocklandRockland Trust Company$5,000,000.002,410
South WeymouthSouth Shore Savings Bank$10,000,000.00348
SouthbridgeSavers Co-operative Bank$10,000,000.00100
SouthbridgeSouthbridge Savings Bank$5,000,000.00105
SpringfieldHampden Bank$10,000,000.0090
SpringfieldNuvo Bank and Trust Company$250,000.005
StonehamStoneham Bank$5,000,000.0014
TauntonBristol County Savings Bank$10,000,000.00237
TauntonMechanics' Co-operative Bank$5,000,000.00242
WakefieldSavings Bank, The$2,000,000.0017
WalpoleWalpole Co-operative Bank$10,000,000.00180
WestfieldWestfield Bank$5,000,000.0052
WhitmanMutual Bank$5,000,000.00154
WorcesterBay State Savings Bank$5,000,000.00103
WorcesterCommerce Bank & Trust (formerly Mercantile Bank and Trust Company)$5,000,000.00705
  $373,750,000.0010,125
    
 No. of Banks55 
    
 (1) Sage Bank: $ 5MM Deposit Returned on 08/11/2014  
 (2) Cape Cod Cooperative Bank: $ 5MM Deposit & Interest Returned  
 (3) Randolph Savings Bank: New Bank - $ 5MM Deposit on 10/24/2014  
 (4) Newburyport Five Cents Savings Bank - additional $5MM Deposits