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 12/31/2013
ArlingtonLeader Bank NA$10,000,000.00102
AyerNorth Middlesex Savings Bank$5,000,000.00469
BelmontBelmont Savings Bank$10,000,000.0028
BeverlyBeverly Cooperative Bank$10,000,000.00236
BostonEast West Bank$10,000,000.0014
BostonFirst Trade Union Bank$5,000,000.0094
CambridgeCambridge Savings Bank$5,000,000.0094
ChicopeeChicopee Savings Bank$10,000,000.00452
DorchesterMeetinghouse Bank$3,000,000.003
East BostonEast Boston Savings Bank$10,000,000.00117
East CambridgeEast Cambridge Savings Bank$10,000,000.0037
EasthamptonEasthampton Savings Bank$10,000,000.00102
EverettEverett Co-operative Bank$10,000,000.00167
Fall RiverBankFive$5,000,000.0024
Fall RiverBayCoast Bank (formerly Citizens-Union Savings Bank)$10,000,000.0020
FitchburgRollstone Bank and Trust$2,500,000.0013
GloucesterBankGloucester$5,000,000.0066
GreenfieldGreenfield Co-operative Bank$2,000,000.0063
GreenfieldGreenfield Savings Bank (2)$5,000,000.0042
HaverhillHaverhill Bank$5,000,000.0052
HaverhillPentucket Bank$10,000,000.0096
HudsonAvidia Bank$2,000,000.0024
HyannisBank of Cape Cod$10,000,000.0093
HyannisCape Cod Cooperative Bank (1)-224
LeominsterFidelity Bank$5,000,000.0088
LowellLowell Five Cent Savings Bank$10,000,000.0088
LowellSage Bank (formerly Lowell Co-operative Bank)$5,000,000.0015
LynnEastern Bank$5,000,000.0028
MansfieldMansfield Bank$5,000,000.003
MarlboroughMarlborough Savings$5,000,000.0035
MedfordCentury Bank and Trust Company$10,000,000.00257
NeedhamNeedham Bank$5,000,000.00130
NewburyportNewburyport Five Cents Savings Bank, The$5,000,000.0019
NewtonVillage Bank$2,000,000.0052
North AdamsMountainOne Bank (formerly Hoosac Bank and South Coastal Bank)$10,000,000.00345
OrleansCape Cod Five Cents Savings Bank$10,000,000.0065
OxfordHometown Bank, A Co-operative Bank$10,000,000.00113
PittsfieldBerkshire Bank$5,000,000.00120
ReadingReading Co-operative Bank$5,000,000.0077
RocklandRockland Trust Company$5,000,000.001,725
South WeymouthSouth Shore Savings Bank$10,000,000.00269
SouthbridgeSavers Co-operative Bank$10,000,000.0082
SouthbridgeSouthbridge Savings Bank$5,000,000.0088
SpringfieldHampden Bank$10,000,000.0060
SpringfieldNuvo Bank and Trust Company$250,000.005
StonehamStoneham Bank (3)$5,000,000.000
TauntonBristol County Savings Bank$10,000,000.00168
TauntonMechanics' Co-operative Bank$5,000,000.00197
WakefieldSavings Bank, The$2,000,000.0013
WalpoleWalpole Co-operative Bank$10,000,000.00145
WestfieldWestfield Bank$5,000,000.0046
WhitmanMutual Bank$5,000,000.00117
WorcesterBay State Savings Bank$5,000,000.0082
WorcesterCommerce Bank & Trust (formerly Mercantile Bank and Trust Company)$5,000,000.00453
  $353,750,000.007,517
    
 No. of Banks53 
    
 (1) Cape Cod Cooperative Bank: $ 5MM Deposit & Interest Returned  
 (2) Greenfield Savings Bank: New Bank, $5MM deposited on 12/09/2013  
 (3) Stoneham Bank: New Bank, $5 MM deposited 10/18/2013