Banks in Massachusetts

21 FDIC-insured banks headquartered in Massachusetts, ranked by total assets.

Massachusetts is home to 21 FDIC-insured banks holding a combined $516.20B in total assets and approximately $405.52B in deposits (Source: FDIC BankFind). These figures represent banks headquartered in Massachusetts and may not include all branches of out-of-state banks operating in the state.

State Street Bank and Trust Company is the largest bank headquartered in Massachusetts with $360.68B in total assets, representing a concentrated market where one institution holds the majority of state-headquartered bank assets (Source: FDIC BankFind). The mix of national banks, regional institutions, and community banks in Massachusetts provides consumers with a range of options based on their banking preferences.

Total Banks

Combined Assets

$516.20B

Avg ROA

0.79%

Largest banks in Massachusetts

State Street Bank and Trust Company

State Street Bank and Trust Company is the largest bank headquartered in Massachusetts with $360.68B in total assets and 3 branches (Source: FDIC BankFind).

Eastern Bank

Eastern Bank is a major bank headquartered in Massachusetts with $30.58B in total assets and 144 branches (Source: FDIC BankFind).

Rockland Trust Company

Rockland Trust Company is a major bank headquartered in Massachusetts with $24.91B in total assets and 152 branches (Source: FDIC BankFind).

Beacon Bank and Trust

Beacon Bank and Trust is a major bank headquartered in Massachusetts with $23.18B in total assets and 150 branches (Source: FDIC BankFind).

Salem Five Cents Savings Bank

Salem Five Cents Savings Bank is a major bank headquartered in Massachusetts with $8.54B in total assets and 34 branches (Source: FDIC BankFind).

Banks headquartered in Massachusetts

#	Bank	Total Assets	Deposits	ROA	Branches
1	State Street Bank and Trust CompanyBoston	$360.68B	$280.58B	0.83%	3
2	Eastern BankBoston	$30.58B	$25.67B	0.39%	144
3	Rockland Trust CompanyRockland	$24.91B	$20.26B	1.03%	152
4	Beacon Bank and TrustBrookline	$23.18B	$19.71B	0.63%	150
5	Salem Five Cents Savings BankSalem	$8.54B	$5.96B	0.89%	34
6	Cambridge Savings BankCambridge	$6.94B	$5.57B	0.97%	21
7	Needham BankNeedham	$6.93B	$5.86B	0.90%	19
8	Middlesex Savings BankNatick	$6.16B	$5.23B	0.54%	35
9	The Cape Cod Five Cents Savings BankHyannis	$5.60B	$4.47B	0.70%	23
10	Institution for Savings in Newburyport and Its VicinityNewburyport	$5.37B	$3.18B	0.91%	13
11	Leader Bank, National AssociationArlington	$5.03B	$3.91B	0.75%	6
12	Hingham Institution for SavingsHingham	$4.54B	$2.57B	1.21%	9
13	PeoplesBankHolyoke	$4.48B	$3.61B	0.55%	20
14	TruNorth BankPeabody	$3.23B	$2.62B	1.31%	30
15	Northern Bank & Trust CompanyWoburn	$3.17B	$2.59B	1.64%	14
16	Bristol County Savings BankTaunton	$3.15B	$2.57B	0.65%	17
17	BayCoast BankSwansea	$2.85B	$2.43B	0.40%	25
18	Avidia BankHudson	$2.83B	$2.21B	0.18%	10
19	UniBank for SavingsWhitinsville	$2.74B	$2.14B	0.81%	15
20	Westfield BankWestfield	$2.73B	$2.36B	0.66%	27
21	Dedham Institution for SavingsDedham	$2.56B	$2.02B	0.71%	15

Source: FDIC BankFind, most recent quarterly data. Only includes banks headquartered in Massachusetts. Data last updated: April 2, 2026.

Credit unions in Massachusetts

3 credit unions headquartered in Massachusetts, ranked by total assets. Credit unions are member-owned cooperatives insured by the NCUA.

#	Credit Union	Total Assets	Members	ROA	Branches
1	DIGITALMarlborough	$13.08B	1,159,110	0.69%	N/A
2	ROCKLANDRockland	$3.45B	206,023	0.81%	N/A
3	METROChelsea	$3.30B	213,040	0.35%	N/A

Source: NCUA Quarterly Call Report Data. Only includes credit unions headquartered in Massachusetts.

How to choose a bank in Massachusetts

When choosing a bank in Massachusetts, consider what matters most for your financial needs. Massachusetts has 21 FDIC-insured banks headquartered in the state, plus additional out-of-state banks with local branches. Each institution offers different strengths in terms of branch access, product variety, and community focus.

Consider whether branch access matters to you. If you prefer in-person banking, look for institutions with branches near your home or workplace. If you primarily use mobile and online banking, you may want to prioritize digital features and compare interest rates, as online-focused banks often offer higher savings APYs.

All banks listed on this page are FDIC-insured, meaning deposits are protected up to $250,000 per depositor, per insured bank, for each account ownership category (Source: FDIC). Beyond FDIC insurance, compare factors such as monthly maintenance fees, ATM networks, minimum balance requirements, and customer service availability. The CFPB recommends comparing at least three institutions before opening a new account.

Compare banks side by side Savings calculators Our methodology

Data Sources

FDIC BankFind: Financial data including total assets, deposits, net income, ROA, and ROE for all FDIC-insured institutions. https://banks.data.fdic.gov/

CFPB Consumer Complaint Database: Consumer complaint data by institution, including complaint volumes, response rates, and top issue categories. https://www.consumerfinance.gov/data-research/consumer-complaints/

Federal Reserve Economic Data (FRED): Interest rate benchmarks including the Federal Funds Rate, Treasury yields, and national savings rate averages. https://fred.stlouisfed.org/

BankRanked is not a bank, credit union, or financial advisor. This content is for educational purposes only and does not constitute financial advice. All data is sourced from publicly available government databases (FDIC, NCUA, CFPB, FRED). Consult a licensed financial professional before making banking decisions.