43,293Employees
$6.6 BTotal Annual Compensation & Benefits
$153,434Average Total Compensation & Benefits
100Banks Headquartered in State
Fallout from the COVID-19 pandemic is personal for Century Bank in Massachusetts. As many as 150 employees have had to take leave due to the virus, and one employee life was lost.
Source: FDIC Call Report 2022Q4, Bureau of Labor Statistics 2022, ABA analysis
$29.6 BNew Home Loans Booked in 2022
58,224Number of New Home Loans in 2022
$445,000Median New Home Loan Size in 2022
$15.2 BSmall Business Loans
596.2 KNumber of Small Business Loans
$25,442Average Small Business Loan
$1.2 BSmall Farm Loans
26,924Number of Small Farm Loans
$44,345Average Small Farm Loan
When local medical air transportation company Angel Flight Northeast—the only charitable organization of its kind operating during the pandemic—needed to secure a PPP loan, Reading Cooperative Bank in Massachusetts was there. With the funding, the company was able to continue filling this critical healthcare need in the community. This support from the bank marked 24 years and counting of dedicated customer service. “I deeply believe in the life saving and pivotal business role that community banks play in people’s lives,” says the company’s founder and president.
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Source: FFIEC HMDA 2022, FFIEC CRA 2021, FDIC Call Report 2022Q4, ABA analysis
$580 BDeposits
132Banks Operating Branches
1,961Branches & Offices
767Branches Offering Low Fee Bank On-certified Accounts
Eastern Bank of Massachusetts has devoted major funding to address income inequality in Massachusetts and southern New Hampshire. Eastern provided expertise as well, helping businesses across the region.
Source: FDIC Summary of Deposits 2022Q2, CFE Fund, ABA analysis
