List of Participating Banks in the Small Business Banking Partnership

We invest state cash deposits under the control of the Treasurer of Massachusetts with banks that are willing to expand their small business lending.

A note to potential small business 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.

Overview

A note to potential small business 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.

Participating Banks and Loans Issued

City/Town Bank Name Deposit No. of Loans as of 12/31/2018
Arlington Leader Bank, N.A. $10,000,000.00 505
Belmont Belmont Savings Bank $10,000,000.00 32
Beverly Beverly Bank $10,000,000.00 750
Boston East West Bank $10,000,000.00 62
Boston Radius Bank $10,000,000.00 254
Brockton HarborOne Bank $5,000,000.00 347
Cambridge Cambridge Savings Bank $5,000,000.00 161
Danvers People's United Bank $10,000,000.00 62
East Cambridge East Cambridge Savings Bank $10,000,000.00 161
Easthampton Easthampton Savings Bank $10,000,000.00 371
Everett Everett Co-operative Bank $10,000,000.00 461
Fall River BankFive $5,000,000.00 28
Fall River BayCoast Bank $10,000,000.00 24
Gloucester BankGloucester $10,000,000.00 155
Greenfield Greenfield Co-operative Bank $2,000,000.00 135
Greenfield Greenfield Savings Bank $5,000,000.00 713
Haverhill Haverhill Bank $5,000,000.00 148
Haverhill Pentucket Bank $5,000,000.00 324
Leominster Fidelity Bank $5,000,000.00 194
Lowell Lowell Five Cent Savings Bank, The $10,000,000.00 246
Mansfield Mansfield Bank $10,000,000.00 55
Marlborough Main Street Bank $10,000,000.00 190
Newton Village Bank, The $2,000,000.00 184
North Adams MountainOne Bank $10,000,000.00 865
Oxford Hometown Bank $10,000,000.00 313
Pittsfield Berkshire Bank  $10,000,000.00 643
Randolph Envision Bank $5,000,000.00 44
Reading Reading Co-operative Bank $10,000,000.00 162
South Weymouth South Shore Bank $10,000,000.00 539
Southbridge Savers Co-operative Bank $10,000,000.00 188
Southbridge Cornerstone Bank $10,000,000.00 236
Stoneham StonehamBank, A Co-operative Bank $5,000,000.00 214
 Taunton  Bristol County Savings Bank $10,000,000.00 434
Wakefield Savings Bank, The $10,000,000.00 37
Walpole Walpole Co-operative Bank $10,000,000.00 405
Whitman Mutual Bank $10,000,000.00 370
Worcester Bay State Savings Bank $5,000,000.00 137
       
  Totals $304,000,000.00                       10,149
       
       
  No. of Banks 37  
       
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