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 03/31/15
ArlingtonLeader Bank NA$10,000,000.00201
AyerNorth Middlesex Savings Bank$5,000,000.00469
BelmontBelmont Savings Bank$10,000,000.0031
BeverlyBeverly Bank (Formerly Beverly Cooperative Bank)$10,000,000.00312
BostonEast West Bank$10,000,000.0023
BostonRadius Bank (formerly First Trade Union Bank)$10,000,000.00174
BrocktonHarborOne Bank $5,000,000.0069
CambridgeCambridge Savings Bank$5,000,000.0094
ChicopeeChicopee Savings Bank$10,000,000.00670
DanversPeople's United Bank $5,000,000.003
DorchesterMeetinghouse Bank$3,000,000.006
East BostonEast Boston Savings Bank$10,000,000.00160
East CambridgeEast Cambridge Savings Bank$10,000,000.0065
EasthamptonEasthampton Savings$10,000,000.00193
EverettEverett Co-operative Bank$10,000,000.00258
Fall RiverBankFive$5,000,000.0026
Fall RiverBay Coast Bank (formerly Citizens-Union Savings Bank)$10,000,000.0022
FitchburgRollstone$2,500,000.0030
GloucesterBankGloucester$5,000,000.00103
GreenfieldGreenfield Co-operative Bank$2,000,000.0086
GreenfieldGreenfield Savings Bank$5,000,000.00234
HaverhillHaverhill Bank$5,000,000.0079
HaverhillPentucket Bank$10,000,000.00148
HudsonAvidia Bank$2,000,000.0024
HyannisBank of Cape Cod$10,000,000.00112
HyannisCape Cod Cooperative Bank$ 5MM Deposit Returned224
LeominsterFidelity Bank$5,000,000.00125
LowellLowell Five Cent Savings Bank$10,000,000.00131
LowellSage Bank (formerly Lowell Cooperative Bank)$ 5MM Deposit Returned16
LynnEastern Bank$5,000,000.0028
Mansfield     Mansfield Bank        $5,000,000.0017
MarlboroughMarlborough Savings Bank$10,000,000.0062
MedfordCentury Bank and Trust Company$10,000,000.00390
NeedhamNeedham Bank$5,000,000.00312
 Newburyport Newburyport Five Cents Savings Bank, The$10,000,000.00116
NewtonVillage Bank$2,000,000.0076
North AdamsMountainOne Bank (formerly Hoosac Bank & South Coastal Bank)$10,000,000.00519
OrleansCape Cod Five Cents Savings Bank$10,000,000.0065
OxfordHometown Bank, A Co-operative Bank$10,000,000.00182
PittsfieldBerkshire Bank$10,000,000.00229
Randolph Randolph Savings Bank$5,000,000.007
ReadingReading Co-operative Bank$10,000,000.00107
RocklandRockland Trust Company$5,000,000.002931
South WeymouthSouth Shore Savings Bank$10,000,000.00395
SouthbridgeSavers Co-operative Bank$10,000,000.00108
SouthbridgeSouthbridge Savings Bank$5,000,000.00114
SpringfieldHampden Bank (1)Deposit & Interest Returned110
SpringfieldNuvo Bank and Trust Company$250,000.005
Stoneham Stoneham Bank $5,000,000.0028
TauntonBristol County Savings Bank$10,000,000.00273
TauntonMechanics' Co-operative Bank$5,000,000.00266
WakefieldSavings Bank, The$2,000,000.0021
WalpoleWalpole Co-operative  Bank$10,000,000.00209
WestfieldWestfield Bank$5,000,000.0052
WhitmanMutual Bank$5,000,000.00188
WorcesterBay State Savings Bank$5,000,000.00114
WorcesterCommerce Bank & Trust Company (formerly Mercantile Bank and Trust Company)$5,000,000.00763
    
  $378,750,000.00  11,775
    
    
 No. of Banks 54 
    
    
 (1) Hampden Bank was acquired by Berkshire Bank. Deposit & Interest returned.