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 3/31/2014
ArlingtonLeader Bank NA$10,000,000.00112
AyerNorth Middlesex Savings Bank$5,000,000.00469
BelmontBelmont Savings Bank$10,000,000.0028
BeverlyBeverly Bank (formerly Beverly Cooperative Bank)$10,000,000.00245
BostonEast West Bank$10,000,000.0016
BostonFirst Trade Union Bank$5,000,000.00109
BrocktonHarborOne$5,000,000.000
CambridgeCambridge Savings Bank$5,000,000.0094
ChicopeeChicopee Savings Bank$10,000,000.00490
DorchesterMeetinghouse Bank$3,000,000.004
East BostonEast Boston Savings Bank$10,000,000.00131
East CambridgeEast Cambridge Savings Bank$10,000,000.0040
EasthamptonEasthampton Savings Bank$10,000,000.00126
EverettEverett Co-operative Bank$10,000,000.00183
Fall RiverBankFive$5,000,000.0024
Fall RiverBayCoast Bank (formerly Citizens-Union Savings Bank)$10,000,000.0020
FitchburgRollstone Bank and Trust$2,500,000.0017
GloucesterBankGloucester$5,000,000.0069
GreenfieldGreenfield Co-operative Bank$2,000,000.0068
GreenfieldGreenfield Savings Bank (2)$5,000,000.0072
HaverhillHaverhill Bank$5,000,000.0056
HaverhillPentucket Bank$10,000,000.00103
HudsonAvidia Bank$2,000,000.0024
HyannisBank of Cape Cod$10,000,000.00100
HyannisCape Cod Cooperative Bank (1)-224
LeominsterFidelity Bank$5,000,000.0093
LowellLowell Five Cent Savings Bank$10,000,000.0098
LowellSage Bank (formerly Lowell Co-operative Bank)$5,000,000.0015
LynnEastern Bank$5,000,000.0028
MansfieldMansfield Bank$5,000,000.006
MarlboroughMarlborough Savings$5,000,000.0040
MedfordCentury Bank and Trust Company$10,000,000.00283
NeedhamNeedham Bank$5,000,000.00162
NewburyportNewburyport Five Cents Savings Bank, The$5,000,000.0019
NewtonVillage Bank$2,000,000.0055
North AdamsMountainOne Bank (formerly Hoosac Bank and South Coastal Bank)$10,000,000.00382
OrleansCape Cod Five Cents Savings Bank$10,000,000.0065
OxfordHometown Bank, A Co-operative Bank$10,000,000.00130
PittsfieldBerkshire Bank$5,000,000.00141
ReadingReading Co-operative Bank$5,000,000.0079
RocklandRockland Trust Company$5,000,000.001,931
South WeymouthSouth Shore Savings Bank$10,000,000.00289
SouthbridgeSavers Co-operative Bank$10,000,000.0089
SouthbridgeSouthbridge Savings Bank$5,000,000.0093
SpringfieldHampden Bank$10,000,000.0071
SpringfieldNuvo Bank and Trust Company$250,000.005
StonehamStoneham Bank (3)$5,000,000.004
TauntonBristol County Savings Bank$10,000,000.00191
TauntonMechanics' Co-operative Bank$5,000,000.00213
WakefieldSavings Bank, The$2,000,000.0016
WalpoleWalpole Co-operative Bank$10,000,000.00157
WestfieldWestfield Bank$5,000,000.0046
WhitmanMutual Bank$5,000,000.00124
WorcesterBay State Savings Bank$5,000,000.0093
WorcesterCommerce Bank & Trust (formerly Mercantile Bank and Trust Company)$5,000,000.00570
  $358,750,000.008,312
    
 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