Market Intelligence › Boston-Worcester-Providence, MA-RI-NH

Boston-Worcester-Providence, MA-RI-NH, a Combined Statistical Area, holds $656.9 billion in deposits across 139 insured institutions and 2,149 branches, ranking #6 of 293 U.S. markets by economic output. State Street Bank and Trust Company is the largest deposit holder at 31.6% share. The top three institutions hold 61.2% of deposits, which places the market in the concentrated band. Deposits have grown 21.2% since 2020 while the branch count fell by 9.4%.

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

Total Deposits

$656.9B

#8 of 293

Deposits per Capita

$77,091

#8 of 293

Deposits per Branch

$306M

#14 of 293

Competitive structure

Insured Institutions

139

#5 of 293

Branches per 100k Pop.

25.2

#136 of 293

Median Deposits per Institution

$637M

The median deposits booked by a single institution in the market. #13 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

26.1%

of market deposits held by banks with $100M to $50B in assets. #250 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 Deposit Share: concentrated

61.2%

The combined deposit share of the three largest institutions 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

Total market deposits (nominal), 2020 to 2025 +21.2% over 5 years

$542.1B

2020

$630.5B

2021

$633.8B

2022

$608.5B

2023

$613.6B

2024

$656.9B

2025

Branches: 2,373 in 2020 to 2,149 in 2025. Institutions: 148 to 139. Top-three share: 59.0% to 61.2%. Deposits per branch: $306M.

Institutions by deposits

Institution	Deposits	Share	Branches	5‑yr
State Street Bank and Trust Company	$207.9B	31.6%	1	+53%
Bank of America	$111.9B	17.0%	175	+1%
Citizens Bank	$82.4B	12.5%	255	+13%
Santander Bank	$36.9B	5.6%	156	+31%
TD Bank	$29.9B	4.5%	149	+12%
Eastern Bank	$21.4B	3.2%	109	+80%
Rockland Trust Company	$15.6B	2.4%	118	+52%
Manufacturers and Traders Trust Company	$6.4B	1.0%	65	-25%
Salem Five Cents Savings Bank	$5.8B	0.9%	34	+42%
Cambridge Savings Bank	$5.4B	0.8%	21	+33%
Middlesex Savings Bank	$5.2B	0.8%	34	+8%
The Washington Trust Company, of Westerly	$4.9B	0.8%	28	+22%
JPMorgan Chase Bank	$4.9B	0.7%	98	-54%
Brookline Bank	$4.6B	0.7%	28	+11%
HarborOne Bank	$4.5B	0.7%	33	+31%
Enterprise Bank and Trust Company	$4.4B	0.7%	27	+20%
Needham Bank	$4.3B	0.7%	12	+106%
Leader Bank	$4.1B	0.6%	6	+157%
The Cape Cod Five Cents Savings Bank	$4.0B	0.6%	20	+29%
Berkshire Bank	$3.8B	0.6%	21	+51%
Institution for Savings in Newburyport and Its Vicinity	$3.3B	0.5%	13	+10%
Northern Bank & Trust Company	$2.7B	0.4%	14	+23%
Bank Rhode Island	$2.6B	0.4%	22	+11%
Webster Bank	$2.5B	0.4%	25	-12%
Bristol County Savings Bank	$2.5B	0.4%	18	+16%
UniBank for Savings	$2.5B	0.4%	15	+22%
BayCoast Bank	$2.5B	0.4%	25	+42%
Avidia Bank	$2.5B	0.4%	10	+38%
North Shore Bank, a Co-operative Bank	$2.4B	0.4%	25	+86%
BankNewport	$2.3B	0.4%	19	+43%
Hingham Institution for Savings	$2.2B	0.3%	7	+8%
South Shore Bank	$2.1B	0.3%	13	+40%
Dedham Institution for Savings	$1.9B	0.3%	14	+41%
The Village Bank	$1.8B	0.3%	10	+40%
Centreville Bank	$1.7B	0.3%	12	+73%
Bank of New Hampshire	$1.6B	0.2%	14	+42%
North Easton Savings Bank	$1.5B	0.2%	15	+44%
The Lowell Five Cent Savings Bank	$1.5B	0.2%	15	+27%
Bank of New England	$1.4B	0.2%	9	+68%
Main Street Bank	$1.4B	0.2%	6	+53%
Fidelity Co-operative Bank	$1.4B	0.2%	13	+42%
Cape Cod Co-operative Bank	$1.4B	0.2%	11	+45%
Fall River Five Cents Savings Bank	$1.3B	0.2%	15	+31%
Cornerstone Bank	$1.3B	0.2%	12	+29%
Newburyport Five Cents Savings Bank	$1.3B	0.2%	12	+62%
Watertown Savings Bank	$1.3B	0.2%	10	+8%
East Cambridge Savings Bank	$1.3B	0.2%	12	+27%
BankProv	$1.3B	0.2%	7	+9%
Bluestone Bank	$1.3B	0.2%	12	+103%
Merrimack County Savings Bank	$1.1B	0.2%	9	+31%
Everett Co-operative Bank	$1.1B	0.2%	3	+142%
Reading Co-operative Bank	$1.1B	0.2%	13	+106%
East West Bank	$1.0B	0.2%	2	+103%
Webster Five Cents Savings Bank	$1.0B	0.2%	7	+29%
Bankhometown	$974M	0.1%	11	+34%
PNC Bank	$872M	0.1%	9	no 2020 presence
Pentucket Bank	$859M	0.1%	6	+21%
MutualOne Bank	$854M	0.1%	3	+13%
OneLocal Bank	$823M	0.1%	4	+61%
Coastal Heritage Bank	$780M	0.1%	12	+2%
First-Citizens Bank & Trust Company	$778M	0.1%	5	no 2020 presence
Meredith Village Savings Bank	$774M	0.1%	8	+72%
Cape Ann Savings Bank	$741M	0.1%	4	+37%
The Savings Bank	$728M	0.1%	9	+29%
StonehamBank, A Co-operative Bank	$716M	0.1%	2	+42%
Winchester Co-operative Bank	$713M	0.1%	2	+12%
Rollstone Bank & Trust	$706M	0.1%	8	+35%
Winchester Savings Bank	$682M	0.1%	5	+31%
Mechanics Cooperative Bank	$657M	0.1%	10	+32%
The Bank of Canton	$637M	0.1%	5	+6%
Franklin Savings Bank	$623M	0.1%	8	+39%
Primary Bank	$613M	0.1%	4	+47%
Clinton Savings Bank	$591M	0.1%	8	+17%
Middlesex Federal Savings, F.A.	$590M	0.1%	4	+78%
Bar Harbor Bank & Trust	$565M	0.1%	12	+27%
Athol Savings Bank	$558M	0.1%	5	+31%
Savers Co-operative Bank	$554M	0.1%	7	+14%
Eagle Bank	$553M	0.1%	5	+29%
Haverhill Bank	$513M	0.1%	7	+31%
Walpole Co-operative Bank	$498M	0.1%	1	+18%
Bay State Savings Bank	$494M	0.1%	7	+23%
First Seacoast Bank	$490M	0.1%	5	+43%
The Cooperative Bank	$452M	0.1%	4	+18%
Shoreham Bank	$431M	0.1%	4	+39%
Dean Co-operative Bank	$415M	0.1%	4	+25%
Country Bank for Savings	$412M	0.1%	8	+34%
Seamen's Bank	$412M	0.1%	5	+9%
Milford Federal Bank	$403M	0.1%	4	+11%
Salem Co-operative Bank	$388M	0.1%	2	+20%
The National Grand Bank of Marblehead	$367M	0.1%	2	+17%
The Camden National Bank	$340M	0.1%	8	+718%
BankGloucester	$313M	0.0%	3	+12%
Kennebunk Savings Bank	$307M	0.0%	5	+92%
MountainOne Bank	$299M	0.0%	3	-10%
Charles River Bank	$298M	0.0%	4	+21%
Winter Hill Bank, FSB	$297M	0.0%	3	+1%
Piscataqua Savings Bank	$285M	0.0%	1	+10%
Colonial Federal Savings Bank	$284M	0.0%	4	+2%
North Brookfield Savings Bank	$261M	0.0%	4	+31%
Washington Savings Bank	$232M	0.0%	2	+6%
Profile Bank	$230M	0.0%	4	+33%
The Millyard Bank	$229M	0.0%	2	+790%
Bangor Savings Bank	$229M	0.0%	8	+43%
Marblehead Bank	$226M	0.0%	3	+5%
Bank of Easton	$211M	0.0%	3	+40%
NorthEast Community Bank	$169M	0.0%	3	+9%
Wrentham Co-operative Bank	$166M	0.0%	3	+44%
Safra National Bank of New York	$161M	0.0%	1	no 2020 presence
Ledyard National Bank	$146M	0.0%	3	+189%
NBT Bank	$144M	0.0%	3	+7%
The Northern Trust Company	$137M	0.0%	1	-13%
42 North Private Bank	$136M	0.0%	1	-38%
Canton Co-operative Bank	$135M	0.0%	1	+21%
Sugar River Bank	$134M	0.0%	3	+38%
Martha's Vineyard Bank	$133M	0.0%	3	+100%
Commonwealth Co-operative Bank	$131M	0.0%	3	-7%
Walden Mutual Bank	$129M	0.0%	1	no 2020 presence
Methuen Co-operative Bank	$126M	0.0%	1	+37%
Stoughton Co-operative Bank	$116M	0.0%	1	+5%
Mascoma Bank	$116M	0.0%	1	+54%
Millbury National Bank	$114M	0.0%	1	+29%
Cathay Bank	$98M	0.0%	1	-12%
Partners Bank of New England	$95M	0.0%	3	+228%
First American Trust, FSB	$63M	0.0%	1	+5%
Dime Bank	$60M	0.0%	1	-9%
North Cambridge Co-operative Bank	$59M	0.0%	1	-15%
OneUnited Bank	$18M	0.0%	2	-36%
Beal Bank USA	$6M	0.0%	1	-29%
Fidelity Personal Trust Company, FSB	$0M	0.0%	1	0%
Boston Trust Walden Company	$0M	0.0%	1	0%
Wilmington Trust	$0M	0.0%	4	no 2020 presence
Independence Bank	$0M	0.0%	1	-100%
The Bank of New York Mellon Trust Company	$0M	0.0%	1	no 2020 presence
LendingClub Bank	$0M	0.0%	1	-100%
Goldman Sachs Bank USA	$0M	0.0%	1	no 2020 presence
Wells Fargo Bank	$0M	0.0%	1	no 2020 presence
The Bank of New York Mellon	$0M	0.0%	1	no 2020 presence
BNY Mellon	$0M	0.0%	1	no 2020 presence
CIBC National Trust Company	$0M	0.0%	1	no 2020 presence

The 139 insured institutions with a branch presence, as of June 30, 2025. Five-year change compares the same institution’s deposits in 2020 and 2025. 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 2020 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

County	State	GDP	Population	Share of Market GDP	Share of Market Deposits
Middlesex County	Massachusetts	$204.1B	1,669,979	28.2%	12.8%
Suffolk County	Massachusetts	$153.1B	791,891	21.1%	53.4%
Norfolk County	Massachusetts	$59.5B	739,749	8.2%	5.5%
Essex County	Massachusetts	$48.4B	826,653	6.7%	4.8%
Worcester County	Massachusetts	$48.2B	888,502	6.6%	3.6%
Providence County	Rhode Island	$37.0B	678,179	5.1%	4.4%
Hillsborough County	New Hampshire	$30.8B	433,415	4.3%	2.3%
Plymouth County	Massachusetts	$28.4B	546,829	3.9%	2.9%
Bristol County	Massachusetts	$27.8B	593,640	3.8%	2.5%
Rockingham County	New Hampshire	$26.0B	324,077	3.6%	1.9%
Barnstable County	Massachusetts	$14.8B	233,539	2.0%	1.8%
Merrimack County	New Hampshire	$10.7B	158,078	1.5%	1.0%
Kent County	Rhode Island	$9.8B	173,495	1.4%	0.9%
Washington County	Rhode Island	$7.7B	129,795	1.1%	0.8%
Newport County	Rhode Island	$6.9B	83,051	1.0%	0.4%
Strafford County	New Hampshire	$6.5B	135,043	0.9%	0.4%
Belknap County	New Hampshire	$3.3B	65,147	0.5%	0.4%
Bristol County	Rhode Island	$2.1B	50,001	0.3%	0.3%

Recruiting in the Boston-Worcester-Providence market

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Deposit trend

Institutions by deposits

Counties in this market

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