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/TownBank NameWired/On Deposit Loans as of 12/31/14
ArlingtonLeader Bank NA                     10,000,000.00                       180
AyerNorth Middlesex Savings Bank                       5,000,000.00                       469
BelmontBelmont Savings Bank               10,000,000.00                         31
BeverlyBeverly Bank (Formerly Beverly Cooperative Bank)                     10,000,000.00                       281
BostonEast West Bank                     10,000,000.00                         22
BostonRadius Bank (formerly First Trade Union Bank) (6)                     10,000,000.00                       160
BrocktonHarborOne Bank                        5,000,000.00                         50
CambridgeCambridge Savings Bank                       5,000,000.00                         94
ChicopeeChicopee Savings Bank                     10,000,000.00                       630
DanversPeople's United Bank (5)                       5,000,000.00                           1
DorchesterMeetinghouse Bank                       3,000,000.00                           4
East BostonEast Boston Savings Bank                     10,000,000.00                       153
East CambridgeEast Cambridge Savings Bank                     10,000,000.00                         63
EasthamptonEasthampton Savings                     10,000,000.00                       185
EverettEverett Co-operative Bank                     10,000,000.00                       234
Fall RiverBankFive                       5,000,000.00                         26
Fall RiverBay Coast Bank (formerly Citizens-Union Savings Bank)                     10,000,000.00                         22
FitchburgRollstone Bank & Trust                       2,500,000.00                         26
GloucesterBankGloucester                       5,000,000.00                         90
GreenfieldGreenfield Co-operative Bank                       2,000,000.00                         81
GreenfieldGreenfield Savings Bank                       5,000,000.00                       190
HaverhillHaverhill Bank                       5,000,000.00                         70
HaverhillPentucket Bank                     10,000,000.00                       140
HudsonAvidia Bank                       2,000,000.00                         24
HyannisBank of Cape Cod                     10,000,000.00                       112
HyannisCape Cod Cooperative Bank (2) $ 5MM Deposit Returned                        224
LeominsterFidelity Bank                       5,000,000.00                       117
LowellLowell Five Cent Savings Bank                     10,000,000.00                       123
LowellSage Bank (formerly Lowell Cooperative Bank) (1) $ 5MM Deposit Returned                          16
LynnEastern Bank                       5,000,000.00                         28
Mansfield     Mansfield Bank                               5,000,000.00                         14
MarlboroughMarlborough Savings Bank  (7)                     10,000,000.00                         54
MedfordCentury Bank and Trust Company                     10,000,000.00                       369
NeedhamNeedham Bank                       5,000,000.00                       286
Newburyport The Newburyport Five Cents Savings Bank (4)                     10,000,000.00                       105
NewtonVillage Bank                       2,000,000.00                         70
North AdamsMountainOne Bank (formerly Hoosac Bank & South Coastal Bank)                     10,000,000.00                       498
OrleansCape Cod Five Cents Savings Bank                     10,000,000.00                         65
OxfordHometown Bank, A Co-operative Bank                     10,000,000.00                       173
PittsfieldBerkshire Bank                       5,000,000.00                       174
Randolph Randolph Savings Bank (3)                       5,000,000.00                           6
ReadingReading Co-operative Bank                     10,000,000.00                         98
RocklandRockland Trust Company                       5,000,000.00                    2,689
South WeymouthSouth Shore Savings Bank                     10,000,000.00                       365
SouthbridgeSavers Co-operative Bank                     10,000,000.00                       100
SouthbridgeSouthbridge Savings Bank                       5,000,000.00                       111
SpringfieldHampden Bank                     10,000,000.00                       103
SpringfieldNuvo Bank and Trust Company                           250,000.00                           5
Stoneham Stoneham Bank                        5,000,000.00                         21
TauntonBristol County Savings Bank                     10,000,000.00                       254
TauntonMechanics' Co-operative Bank                       5,000,000.00                       253
WakefieldSavings Bank, The                       2,000,000.00                         18
WalpoleWalpole Co-operative  Bank                     10,000,000.00                       200
WestfieldWestfield Bank                       5,000,000.00                         52
WhitmanMutual Bank                       5,000,000.00                       177
WorcesterBay State Savings Bank                       5,000,000.00                       112
WorcesterCommerce Bank & Trust Company (formerly Mercantile Bank and Trust Company)                       5,000,000.00                       742
    
    
  383,750,000.00                   10,960
    
 No. of Banks 55 
    
    
    
 (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  
 (5) People's United Bank: New Bank - $ 5MM Deposit on 12/11/2014  
 (6) Radius Bank - additional $5MM Deposits  
 (7) Marlborough Savings Bank - additional $5MM Deposits