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/Town

Bank Name

Wired/On Deposit

Loans as of 06/30/15
ArlingtonLeader Bank NA                     10,000,000.00   230
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     338
BostonEast West Bank                     10,000,000.00        23
BostonRadius Bank (formerly First Trade Union Bank)                     10,000,000.00     179
BrocktonHarborOne Bank                        5,000,000.00      103
CambridgeCambridge Savings Bank                       5,000,000.00          94
ChicopeeChicopee Savings Bank                     10,000,000.00        715
DanversPeople's United Bank                        5,000,000.00            3
DorchesterMeetinghouse Bank                       3,000,000.00            6
East BostonEast Boston Savings Bank                     10,000,000.00         167
East CambridgeEast Cambridge Savings Bank                     10,000,000.00      74
EasthamptonEasthampton Savings                     10,000,000.00     209
EverettEverett Co-operative Bank                     10,000,000.00     278
Fall RiverBankFive                       5,000,000.00        27
Fall RiverBay Coast Bank (formerly Citizens-Union Savings Bank)                     10,000,000.00          22
FitchburgRollstone                       2,500,000.00 33
GloucesterBankGloucester                       5,000,000.00     113
GreenfieldGreenfield Co-operative Bank                       2,000,000.00           92
GreenfieldGreenfield Savings Bank                       5,000,000.00        279
HaverhillHaverhill Bank                       5,000,000.00       83
HaverhillPentucket Bank                     10,000,000.00   161
HudsonAvidia Bank                       2,000,000.00      24
HyannisBank of Cape Cod                     10,000,000.00   112
HyannisCape Cod Cooperative Bank $ 5MM Deposit Returned     224
LeominsterFidelity Bank                       5,000,000.00        131
LowellLowell Five Cent Savings Bank                     10,000,000.00        141
LowellSage Bank (formerly Lowell Cooperative Bank) $ 5MM Deposit Returned           16
LynnEastern Bank (2) $ 5MM Deposit Returned        28
Mansfield     Mansfield Bank                               5,000,000.00          17
MarlboroughMarlborough Savings Bank                     10,000,000.00       62
MedfordCentury Bank and Trust Company                     10,000,000.00    390
NeedhamNeedham Bank                       5,000,000.00    346
 Newburyport Newburyport Five Cents Savings Bank, The                     10,000,000.00   132
NewtonVillage Bank                       2,000,000.00       84
North AdamsMountainOne Bank (formerly Hoosac Bank & South Coastal Bank)                     10,000,000.00  555
OrleansCape Cod Five Cents Savings Bank                     10,000,000.00       65
OxfordHometown Bank, A Co-operative Bank                     10,000,000.00190
PittsfieldBerkshire Bank                     10,000,000.00          280
Randolph Randolph Savings Bank                       5,000,000.00           9
ReadingReading Co-operative Bank                     10,000,000.00         116
RocklandRockland Trust Company                       5,000,000.00      3,205
South WeymouthSouth Shore Savings Bank                     10,000,000.00       395
SouthbridgeSavers Co-operative Bank                     10,000,000.00        108
SouthbridgeSouthbridge Savings Bank                       5,000,000.00         114
SpringfieldHampden Bank (1) Deposit Returned         110
SpringfieldNuvo Bank and Trust Company                           250,000.00           5
Stoneham Stoneham Bank                        5,000,000.00           47
TauntonBristol County Savings Bank                     10,000,000.00        291
TauntonMechanics' Co-operative Bank                       5,000,000.00        284
WakefieldSavings Bank, The                       2,000,000.00           22
WalpoleWalpole Co-operative  Bank                     10,000,000.00            227
WestfieldWestfield Bank                       5,000,000.00          52
WhitmanMutual Bank                       5,000,000.00          198
WorcesterBay State Savings Bank                       5,000,000.00         114
WorcesterCommerce Bank & Trust Company (formerly Mercantile Bank and Trust Company)                       5,000,000.00         791
    
  373,750,000.0012,614
 No. of Banks 53 
    
 (1)Hampden Bank was acquired by Berkshire Bank. Hampden Bank's Deposit & Interest have been returned.  
 (2) Eastern Bank : $ 5MM Deposit & Interest Returned