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

Deposit

No. of Loans as of 03/31/2016

ArlingtonLeader Bank NA$10,000,000.00297
AyerNorth Middlesex Savings Bank$5,000,000.00574
BelmontBelmont Savings Bank$10,000,000.0036
BeverlyBeverly Bank (Formerly Beverly Cooperative Bank)$10,000,000.00403
BostonEast West Bank$10,000,000.0052
BostonRadius Bank (formerly First Trade Union Bank)$10,000,000.00192
BrocktonHarborOne Bank $5,000,000.00139
Cambridge Cambridge Savings Bank$5,000,000.00161
ChicopeeChicopee Savings Bank$10,000,000.00847
DanversPeople's United Bank $5,000,000.0047
DorchesterMeetinghouse Bank$3,000,000.006
East BostonEast Boston Savings Bank$10,000,000.00186
East CambridgeEast Cambridge Savings Bank$10,000,000.0099
EasthamptonEasthampton Savings$10,000,000.00272
EverettEverett Co-operative Bank$10,000,000.00309
Fall RiverBankFive$5,000,000.0027
Fall RiverBay Coast Bank (formerly Citizens-Union Savings Bank)$10,000,000.0024
FitchburgRollstone$2.5MM Deposit Returned289
GloucesterBankGloucester$10,000,000.00125
GreenfieldGreenfield Co-operative Bank$2,000,000.00109
GreenfieldGreenfield Savings Bank$5,000,000.00319
HaverhillHaverhill Bank$5,000,000.0098
HaverhillPentucket Bank$10,000,000.00196
HudsonAvidia Bank$2,000,000.0028
HyannisBank of Cape Cod$10,000,000.00114
HyannisCape Cod Cooperative Bank$ 5MM Deposit Returned224
LeominsterFidelity Bank$5,000,000.00149
LowellLowell Five Cent Savings Bank$10,000,000.00172
LowellSage Bank (formerly Lowell Cooperative Bank)$ 5MM Deposit Returned16
LynnEastern Bank$ 5MM Deposit Returned28
Mansfield     Mansfield Bank        $5,000,000.0038
MarlboroughMarlborough Savings Bank$10,000,000.0082
MedfordCentury Bank and Trust Company$10,000,000.00515
NeedhamNeedham Bank$5,000,000.00393
NewburyportNewburyport Five Cents Savings Bank, The$10,000,000.00158
NewtonVillage Bank$2,000,000.00110
North AdamsMountainOne Bank (formerly Hoosac Bank & South Coastal Bank)$10,000,000.00641
OrleansCape Cod Five Cents Savings Bank$10,000,000.0065
OxfordHometown Bank, A Co-operative Bank$10,000,000.00238
PittsfieldBerkshire Bank (merged with Hampden Bank)$10,000,000.00328
Randolph Randolph Savings Bank$5,000,000.0014
ReadingReading Co-operative Bank$10,000,000.00122
RocklandRockland Trust Company$5,000,000.003,694
South WeymouthSouth Shore Savings Bank$10,000,000.00482
SouthbridgeSavers Co-operative Bank$10,000,000.00116
SouthbridgeSouthbridge Savings Bank$10,000,000.00134
SpringfieldHampden Bank Deposit Returned110
SpringfieldNuvo Bank and Trust Company * $250,000 Deposit Returned5
Stoneham Stoneham Bank $5,000,000.0053
TauntonBristol County Savings Bank$10,000,000.00342
TauntonMechanics' Co-operative Bank$5,000,000.00314
WakefieldSavings Bank, The$2,000,000.0025
WalpoleWalpole Co-operative  Bank$10,000,000.00264
WestfieldWestfield Bank$5,000,000.0052
WhitmanMutual Bank$10,000,000.00232
WorcesterBay State Savings Bank$5,000,000.00123
WorcesterCommerce Bank & Trust Company (formerly Mercantile Bank and Trust Company)$5,000,000.00852
    
    
  $386,000,000.00      15,040
      
 No. of Banks51 
    
    
 * Nuvo Bank and Trust Company Returned Deposit of $250,000.00