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 6/30/2014
ArlingtonLeader Bank NA$10,000,000.00125
AyerNorth Middlesex Savings Bank$5,000,000.00469
BelmontBelmont Savings Bank$10,000,000.0028
BeverlyBeverly Bank (formerly Beverly Cooperative Bank)$10,000,000.00266
BostonEast West Bank$10,000,000.0019
BostonFirst Trade Union Bank$5,000,000.00119
BrocktonHarborOne$5,000,000.0017
CambridgeCambridge Savings Bank$5,000,000.0094
ChicopeeChicopee Savings Bank$10,000,000.00534
DorchesterMeetinghouse Bank$3,000,000.004
East BostonEast Boston Savings Bank$10,000,000.00135
East CambridgeEast Cambridge Savings Bank$10,000,000.0045
EasthamptonEasthampton Savings Bank$10,000,000.00148
EverettEverett Co-operative Bank$10,000,000.00198
Fall RiverBankFive$5,000,000.0026
Fall RiverBayCoast Bank (formerly Citizens-Union Savings Bank)$10,000,000.0020
FitchburgRollstone Bank and Trust$2,500,000.0019
GloucesterBankGloucester$5,000,000.0078
GreenfieldGreenfield Co-operative Bank$2,000,000.0068
GreenfieldGreenfield Savings Bank (2)$5,000,000.00117
HaverhillHaverhill Bank$5,000,000.0061
HaverhillPentucket Bank$10,000,000.00121
HudsonAvidia Bank$2,000,000.0024
HyannisBank of Cape Cod$10,000,000.00111
HyannisCape Cod Cooperative Bank (1)-224
LeominsterFidelity Bank$5,000,000.0098
LowellLowell Five Cent Savings Bank$10,000,000.00107
LowellSage Bank (formerly Lowell Co-operative Bank)$5,000,000.0016
LynnEastern Bank$5,000,000.0028
MansfieldMansfield Bank$5,000,000.008
MarlboroughMarlborough Savings$5,000,000.0043
MedfordCentury Bank and Trust Company$10,000,000.00320
NeedhamNeedham Bank$5,000,000.00209
NewburyportNewburyport Five Cents Savings Bank, The$5,000,000.0019
NewtonVillage Bank$2,000,000.0061
North AdamsMountainOne Bank (formerly Hoosac Bank and South Coastal Bank)$10,000,000.00431
OrleansCape Cod Five Cents Savings Bank$10,000,000.0065
OxfordHometown Bank, A Co-operative Bank$10,000,000.00145
PittsfieldBerkshire Bank$5,000,000.00174
ReadingReading Co-operative Bank$10,000,000.0081
RocklandRockland Trust Company$5,000,000.002201
South WeymouthSouth Shore Savings Bank$10,000,000.00325
SouthbridgeSavers Co-operative Bank$10,000,000.0097
SouthbridgeSouthbridge Savings Bank$5,000,000.0098
SpringfieldHampden Bank$10,000,000.0081
SpringfieldNuvo Bank and Trust Company$250,000.005
StonehamStoneham Bank (3)$5,000,000.0010
TauntonBristol County Savings Bank$10,000,000.00217
TauntonMechanics' Co-operative Bank$5,000,000.00226
WakefieldSavings Bank, The$2,000,000.0017
WalpoleWalpole Co-operative Bank$10,000,000.00171
WestfieldWestfield Bank$5,000,000.0050
WhitmanMutual Bank$5,000,000.00144
WorcesterBay State Savings Bank$5,000,000.0099
WorcesterCommerce Bank & Trust (formerly Mercantile Bank and Trust Company)$5,000,000.00666
  $363,750,000.009,282
    
 No. of Banks54 
    
 (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