Market Intelligence

Boston-Worcester-Providence, MA-RI-NH

Banking market profile · FDIC Summary of Deposits (SOD), June 30, 2026
Market Intelligence › Boston-Worcester-Providence, MA-RI-NH

Boston-Worcester-Providence, MA-RI-NH, a Combined Statistical Area, holds $700.4 billion in deposits across 132 insured institutions and 2,115 branches, and ranks #6 of 293 U.S. markets by economic output. State Street Bank and Trust Company is the largest deposit holder at 34.6% share. The top three banks hold 62% of deposits, which places the market in the Concentrated band. Deposits have grown 11.1% since 2021 while the branch count fell by 7.9%.

Economic scale
2024 Real GDP
$725.0B
#6 of 293
Population
8.52M
#7 of 293
GDP per Capita
$85,078
#7 of 293
Deposit market
Deposits (SOD, 6/30/26)
$700.4B
#8 of 293
Deposits per Capita
$82,196
#8 of 293
Deposits per Branch
$331M
#11 of 293
Competitive structure
Insured Institutions
132
#5 of 293
Branches per 100k Pop.
24.8
#138 of 293
Median Deposits per Institution
$637M
The median deposits booked by a single institution in the market. #15 of 293. A lower figure means institutions typically hold smaller deposit positions here; it reflects local deposit presence, not an institution’s overall size. See Community & Regional Bank Share for institution scale.
Community & Regional Bank Share
25.7%
of market deposits held by banks with $100M to $100B in assets. #272 of 293. A higher share points to a market where small to mid-size institutions, the kind that compete on relationships and local decision-making, hold more ground.
Top-3 Banks’ Deposit Share: Concentrated
62%
The combined deposit share of the top three banks by deposits in the market. A lower share means deposits are spread across more institutions.

Ranks show where the market stands among the 293 markets (Combined and Metropolitan Statistical Areas). They describe relative position, not a rating of market quality or suitability.

Deposit trend

Market Deposits (SOD, 2021 to 2026) +11.1% over 5 years
$630.5B
2021
$633.8B
2022
$608.5B
2023
$613.6B
2024
$656.9B
2025
$700.4B
2026

Branches: 2,297 in 2021 to 2,115 in 2026. Institutions: 146 to 132. Top-three share: 60% to 62%. Average deposits per branch: $331M.

Institutions by deposits

InstitutionDepositsShare Branches5‑yr
deposits
State Street Bank and Trust Company$242.1B34.6%1+37%
Bank of America$112.5B16.1%171-8%
Citizens Bank$82.7B11.8%251+6%
Santander Bank$40.4B5.8%142+27%
TD Bank$28.9B4.1%143-4%
Eastern Bank$26.1B3.7%129-8%
Rockland Trust Company$19.9B2.8%144-2%
Beacon Bank and Trust$11.5B1.6%71+17%
Manufacturers and Traders Trust Company$6.4B0.9%64-32%
Needham Bank$6.3B0.9%21+67%
Salem Five Cents Savings Bank$6.0B0.9%34+38%
JPMorgan Chase Bank$5.9B0.8%116-64%
Cambridge Savings Bank$5.4B0.8%21+20%
The Washington Trust Company, of Westerly$5.3B0.8%28+13%
Middlesex Savings Bank$5.2B0.7%340%
Leader Bank$4.3B0.6%6+92%
The Cape Cod Five Cents Savings Bank$4.1B0.6%20+12%
Institution for Savings in Newburyport and Its Vicinity$3.4B0.5%13+2%
Northern Bank & Trust Company$2.8B0.4%14+30%
TruNorth Bank$2.7B0.4%29-1%
Bristol County Savings Bank$2.6B0.4%18+7%
UniBank for Savings$2.6B0.4%15+18%
Webster Bank$2.6B0.4%23-24%
BayCoast Bank$2.5B0.4%25+27%
BankNewport$2.4B0.3%19+31%
Avidia Bank$2.2B0.3%10+12%
South Shore Bank$2.2B0.3%13+30%
Hingham Institution for Savings$2.2B0.3%7-4%
Dedham Institution for Savings$2.1B0.3%15+30%
Cornerstone Bank$1.9B0.3%17+20%
Centreville Bank$1.8B0.3%15+71%
The Village Bank$1.8B0.3%10+23%
Bank of New Hampshire$1.7B0.2%11+31%
The Lowell Five Cent Savings Bank$1.6B0.2%15+22%
North Easton Savings Bank$1.6B0.2%14+37%
Bank of New England$1.5B0.2%9+50%
Cape & Coast Bank$1.4B0.2%11+19%
Main Street Bank$1.4B0.2%6+27%
Fall River Five Cents Savings Bank$1.4B0.2%13+17%
East Cambridge Savings Bank$1.3B0.2%12+5%
Bluestone Bank$1.3B0.2%11+14%
Newburyport Five Cents Savings Bank$1.3B0.2%12+20%
Watertown Savings Bank$1.3B0.2%10-4%
East West Bank$1.2B0.2%2+105%
Everett Co-operative Bank$1.2B0.2%3+123%
Merrimack County Savings Bank$1.2B0.2%9+23%
Fidelity Co-operative Bank$1.1B0.2%13+5%
Reading Co-operative Bank$1.0B0.1%13+24%
Webster Five Cents Savings Bank$1.0B0.1%7+15%
Bankhometown$971M0.1%10+19%
MutualOne Bank$924M0.1%3+16%
PNC Bank$906M0.1%10+3,243%
Pentucket Bank$878M0.1%6+14%
OneLocal Bank$843M0.1%4+15%
Winchester Savings Bank$818M0.1%5+55%
First-Citizens Bank & Trust Company$813M0.1%5-87%
Cape Ann Savings Bank$805M0.1%4+31%
Coastal Heritage Bank$791M0.1%10-5%
Winchester Co-operative Bank$774M0.1%2+17%
StonehamBank, A Co-operative Bank$773M0.1%2+40%
Meredith Village Savings Bank$769M0.1%8+55%
The Savings Bank$767M0.1%9+27%
Mechanics Cooperative Bank$680M0.1%10+25%
Rollstone Bank & Trust$677M0.1%8-6%
The Bank of Canton$661M0.1%5-26%
Primary Bank$644M0.1%4+12%
Franklin Savings Bank$629M0.1%8+27%
Bar Harbor Bank & Trust$602M0.1%11+18%
Clinton Savings Bank$582M0.1%8+8%
Middlesex Federal Savings, F.A.$577M0.1%4-7%
Eagle Bank$571M0.1%5+24%
Savers Co-operative Bank$562M0.1%7+9%
Bay State Savings Bank$514M0.1%7+21%
Walpole Co-operative Bank$509M0.1%1+13%
Haverhill Bank$508M0.1%7+12%
First Seacoast Bank$472M0.1%5+24%
The Cooperative Bank$458M0.1%4+10%
Country Bank for Savings$457M0.1%8+37%
Milford Federal Bank$452M0.1%4+17%
Dean Co-operative Bank$421M0.1%4+8%
Shoreham Bank$420M0.1%4+34%
Salem Co-operative Bank$406M0.1%2+16%
Seamen's Bank$405M0.1%5-17%
The National Grand Bank of Marblehead$366M0.1%2-2%
Kennebunk Savings Bank$338M<0.1%5+60%
The Camden National Bank$321M<0.1%8+3%
Charles River Bank$313M<0.1%4+9%
BankGloucester$304M<0.1%3+1%
Winter Hill Bank, FSB$299M<0.1%3+2%
Piscataqua Savings Bank$298M<0.1%1+5%
The Millyard Bank$276M<0.1%2+253%
North Brookfield Savings Bank$269M<0.1%4+22%
Bangor Savings Bank$268M<0.1%8+38%
MountainOne Bank$259M<0.1%3-21%
Washington Savings Bank$249M<0.1%2+7%
Marblehead Bank$229M<0.1%3-12%
Profile Bank$223M<0.1%4+10%
Bank of Easton$222M<0.1%3+38%
Safra National Bank of New York$210M<0.1%1no 2021 presence
NorthEast Community Bank$183M<0.1%3+39%
Wrentham Co-operative Bank$176M<0.1%3+40%
Walden Mutual Bank$173M<0.1%1no 2021 presence
First American Trust, FSB$168M<0.1%1-14%
Ledyard National Bank$166M<0.1%4+104%
NBT Bank$160M<0.1%3+16%
The Northern Trust Company$148M<0.1%1-15%
Sugar River Bank$145M<0.1%3+29%
42 North Private Bank$144M<0.1%1-35%
Commonwealth Co-operative Bank$141M<0.1%2-8%
Methuen Co-operative Bank$128M<0.1%1+21%
Canton Co-operative Bank$127M<0.1%1+4%
Martha's Vineyard Bank$124M<0.1%3+33%
Millbury National Bank$123M<0.1%1+36%
Stoughton Co-operative Bank$117M<0.1%1+2%
Cathay Bank$109M<0.1%10%
Mascoma Bank$102M<0.1%1+22%
Partners Bank of New England$100M<0.1%3+124%
Machias Savings Bank$61M<0.1%1no 2021 presence
North Cambridge Co-operative Bank$60M<0.1%1-8%
Dime Bank$60M<0.1%1-18%
The Business Bank$29M<0.1%1no 2021 presence
OneUnited Bank$19M<0.1%2-45%
Community Bank$12M<0.1%1no 2021 presence
Fidelity Personal Trust Company, FSB$0M<0.1%10%
The Bank of New York Mellon Trust Company$0M0.0%1no 2021 presence
Happen Bank$0M0.0%1no 2021 presence
Goldman Sachs Bank USA$0M0.0%1no 2021 presence
Wilmington Trust$0M0.0%1no 2021 presence
Wells Fargo Bank$0M0.0%1no 2021 presence
The Bank of New York Mellon$0M0.0%1no 2021 presence
BNY Mellon$0M0.0%1no 2021 presence
CIBC National Trust Company$0M0.0%1no 2021 presence

The 132 insured institutions with a branch presence in this market, per the FDIC Summary of Deposits, June 30, 2026. Five-year change compares the same institution’s deposits in 2021 and 2026. Institutions are tracked by FDIC certificate number, and where an institution acquired another bank, the acquired bank’s prior deposits are folded into the baseline so the change reflects the combined, continuing franchise rather than reading as new. “No 2021 presence” means neither the institution nor a bank it later absorbed reported deposits in this market that year. Deposit figures are nominal and are not adjusted for inflation.

Counties in this market

CountyStateGDP PopulationShare of Market GDP Share of Market Deposits
Middlesex CountyMassachusetts$204.1B1,669,97928.2%11.9%
Suffolk CountyMassachusetts$153.1B791,89121.1%54.4%
Norfolk CountyMassachusetts$59.5B739,7498.2%7.3%
Essex CountyMassachusetts$48.4B826,6536.7%4.5%
Worcester CountyMassachusetts$48.2B888,5026.6%3.2%
Providence CountyRhode Island$37.0B678,1795.1%4.2%
Hillsborough CountyNew Hampshire$30.8B433,4154.3%2.2%
Plymouth CountyMassachusetts$28.4B546,8293.9%2.6%
Bristol CountyMassachusetts$27.8B593,6403.8%2.4%
Rockingham CountyNew Hampshire$26.0B324,0773.6%1.8%
Barnstable CountyMassachusetts$14.8B233,5392.0%1.7%
Merrimack CountyNew Hampshire$10.7B158,0781.5%0.8%
Kent CountyRhode Island$9.8B173,4951.4%0.8%
Washington CountyRhode Island$7.7B129,7951.1%0.8%
Newport CountyRhode Island$6.9B83,0511.0%0.4%
Strafford CountyNew Hampshire$6.5B135,0430.9%0.4%
Belknap CountyNew Hampshire$3.3B65,1470.5%0.4%
Bristol CountyRhode Island$2.1B50,0010.3%0.2%

Recruiting in the Boston-Worcester-Providence market

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Other markets in Massachusetts, New Hampshire, and Rhode Island

All 293 markets and the 1,523 counties with a branch within a CSA or MSA are covered in the Market Intelligence resource. See the methodology for how each figure is built and when to expect updates, or the disclaimer for how this data should, and should not, be read.