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Oxford headquartered bankHometown led Central Massachusetts-based banks in total deposit growth over the past decade, according to the latest data from the Federal Deposit Insurance Corp.
From March 2010 through September 2019, bankHometown deposits grew by 286% to $682 million, which was before its merger was complete with Millbury Savings Bank.
Worcester’s Cornerstone Bank was second with deposits totaling $890 million over the last 10 years, a 184% rise.
In third place was Mutual One Bank of Framingham with its 170% increase to $794 million.
Main Street Bank in Marlborough was fourth as deposits reached $823 million last year, a 135% hike.
Leominster-based Fidelity Bank’s 2016 merger with Barre Savings Bank continued to help grow deposits 118% percent in the past decade to $855 million.
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Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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