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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.

Map of Participating Banks

Participating Banks and Loans Issued

City/Town Bank Name Deposit No. of Loans as of 06/30/2020
Arlington Leader Bank, N.A. $10,000,000.00 534
Boston East West Bank $10,000,000.00 63
Boston Radius Bank (formerly First Trade Union 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 $10,000,000.00 188
Easthampton Easthampton Savings Bank $10,000,000.00 407
Everett Everett Co-operative Bank $10,000,000.00 496
Fall River BankFive $5,000,000.00 28
Fall River Bay Coast Bank (formerly Citizens-Union Savings Bank) $10,000,000.00 24
Gloucester BankGloucester $10,000,000.00 155
Greenfield Greenfield Co-operative Bank $2,000,000.00 137
Greenfield Greenfield Savings Bank $5,000,000.00 713
Haverhill Pentucket Bank $5,000,000.00 342
Leominster Fidelity Bank $5,000,000.00 199
Lowell Lowell Five Cent Savings Bank $10,000,000.00 246
Mansfield      Mansfield Bank         $10,000,000.00 56
Marlborough Main Street Savings (formerly Marlborough Bank and North Middlesex Savings) $10,000,000.00 203
Newton Village Bank $2,000,000.00 204
North Adams MountainOne Bank (formerly Hoosac Bank & South Coastal Bank) $10,000,000.00 892
Oxford Hometown Bank, A Co-operative Bank $10,000,000.00 319
Pittsfield Berkshire Bank (merged with Hampden Bank and Commerce Bank) $10,000,000.00 643
Randolph  Envision Bank (formerly Randolph Savings) $5,000,000.00 44
Reading Reading Co-operative Bank $10,000,000.00 167
South Weymouth South Shore Bank $10,000,000.00 578
Southbridge Cornerstone Bank (formerly South Bridge Savings) $10,000,000.00 262
Southbridge Savers Co-operative Bank $10,000,000.00 192
Stoneham  Stoneham Bank $5,000,000.00 152
Taunton Bristol County Savings Bank $10,000,000.00 437
Wakefield Savings Bank, The $10,000,000.00 37
Walpole Walpole Co-operative  Bank $10,000,000.00 425
Whitman North Easton Savings Bank (formerly Mutual Bank) $10,000,000.00 401
Worcester Bay State Savings Bank $5,000,000.00 140
       
  Totals $279,000,000.00 9,508
       
  Number of Banks 34  
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