Massachusetts Banks

91 FDIC-insured banks · Average health score 39/100 · 1 failures since 2000

banks

Banking in Massachusetts — What the FDIC Data Shows

Massachusetts is home to 91 FDIC-insured banks holding a combined $581.9B in total assets and $458.9B in customer deposits. The average PlainBankData health score across all Massachusetts banks is 39/100, derived from four FDIC Call Report metrics: Tier 1 Capital Ratio, Return on Assets, Texas Ratio, and Efficiency Ratio. The largest institution headquartered in the state is State Street Bank and Trust Company of Boston, with $360.7B in assets and a health grade of C.

Looking at the grade distribution, 9 banks (10%) earn an A or B grade — signaling strong capital ratios and healthy profitability — while 27 sit at Grade C (meeting regulatory minimums with some areas to monitor) and 55 (60%) carry a D or F grade, indicating notable financial weaknesses in one or more of the four scoring pillars. Since 2000, Massachusetts has seen 1 bank failures tracked on the FDIC Failed Bank List. Most of those failures clustered during the 2008–2010 financial crisis, with resolution typically handled through acquisition by a stronger institution.

Not financial advice. These figures are drawn from public FDIC Call Reports and the FDIC Failed Bank List. Health grades are PlainBankData's interpretation of regulatory filings, not official FDIC ratings or endorsements. A lower grade does not mean your money is at risk — every dollar on deposit at any FDIC-insured bank is protected up to $250,000 per depositor, per ownership category, regardless of the institution's financial condition. For decisions about where to hold deposits or business funds, consult a qualified financial professional and verify figures directly at the FDIC's BankFind Suite.

Bank	City	Assets	Grade	Tier 1 %	ROA
State Street Bank and Trust Company	Boston	$360.7B	C	16.3%	0.83%
Eastern Bank	Boston	$30.6B	C	12.4%	0.39%
Rockland Trust Company	Rockland	$24.9B	B	14.5%	1.03%
Beacon Bank and Trust	Brookline	$23.2B	C	11.2%	0.63%
Salem Five Cents Savings Bank	Salem	$8.5B	C	13.1%	0.89%
Cambridge Savings Bank	Cambridge	$6.9B	C	12.8%	0.97%
Needham Bank	Needham	$6.9B	C	11.6%	0.90%
Middlesex Savings Bank	Natick	$6.2B	C	17.9%	0.54%
The Cape Cod Five Cents Savings Bank	Hyannis	$5.6B	C	17.5%	0.70%
Institution for Savings in Newburyport and Its Vicinity	Newburyport	$5.4B	C	15.8%	0.91%
Leader Bank, National Association	Arlington	$5.0B	C	20.8%	0.75%
Hingham Institution for Savings	Hingham	$4.5B	B	14.0%	1.21%
PeoplesBank	Holyoke	$4.5B	C	12.2%	0.55%
TruNorth Bank	Peabody	$3.2B	B	15.2%	1.31%
Northern Bank & Trust Company	Woburn	$3.2B	A	15.4%	1.64%
Bristol County Savings Bank	Taunton	$3.1B	C	17.8%	0.65%
BayCoast Bank	Swansea	$2.8B	D	10.6%	0.40%
Avidia Bank	Hudson	$2.8B	D	14.8%	0.18%
UniBank for Savings	Whitinsville	$2.7B	C	13.4%	0.81%
Westfield Bank	Westfield	$2.7B	C	12.5%	0.66%
Dedham Institution for Savings	Dedham	$2.6B	C	13.7%	0.71%
South Shore Bank	South Weymouth	$2.5B	C	14.1%	0.67%
Country Bank for Savings	Ware	$2.2B	F	0.0%	0.60%
The Village Bank	Newton	$2.0B	D	14.7%	0.45%
Florence Bank	Florence	$2.0B	F	0.0%	0.62%
Bankesb	Easthampton	$2.0B	D	11.5%	0.06%
Fall River Five Cents Savings Bank	Fall River	$1.9B	D	11.4%	0.30%
Cornerstone Bank	Spencer	$1.8B	D	12.4%	0.48%
The Lowell Five Cent Savings Bank	Tewksbury	$1.8B	C	16.6%	0.93%
North Easton Savings Bank	South Easton	$1.8B	C	13.0%	0.68%
Main Street Bank	Marlborough	$1.7B	C	16.3%	0.63%
Cape & Coast Bank	Yarmouth Port	$1.7B	F	0.0%	0.47%
East Cambridge Savings Bank	Cambridge	$1.6B	D	14.1%	0.35%
Everett Co-operative Bank	Everett	$1.6B	C	13.3%	0.50%
Newburyport Five Cents Savings Bank	Newburyport	$1.6B	F	11.4%	-0.15%
Bluestone Bank	Raynham	$1.6B	F	0.0%	0.43%
Bankhometown	Oxford	$1.6B	B	13.8%	1.14%
Greenfield Savings Bank	Greenfield	$1.5B	C	15.6%	0.51%
Watertown Savings Bank	Watertown	$1.4B	C	28.7%	0.62%
Fidelity Co-operative Bank	Leominster	$1.4B	F	0.0%	-0.29%
Webster Five Cents Savings Bank	Webster	$1.3B	F	0.0%	0.73%
Martha's Vineyard Bank	Edgartown	$1.3B	F	0.0%	0.66%
MutualOne Bank	Framingham	$1.3B	F	0.0%	-0.32%
Reading Co-operative Bank	Reading	$1.2B	D	10.0%	0.52%
Pentucket Bank	Haverhill	$1.1B	F	0.0%	0.35%
MountainOne Bank	North Adams	$1.1B	B	16.6%	1.17%
Cape Ann Savings Bank	Gloucester	$1.0B	B	27.2%	1.09%
Adams Community Bank	Adams	$1.0B	C	16.0%	0.50%
OneLocal Bank	Norwood	$1.0B	F	0.0%	0.92%
Winchester Savings Bank	Winchester	$1.0B	F	0.0%	0.29%
Coastal Heritage Bank	Weymouth	$949M	F	0.0%	0.32%
Winchester Co-operative Bank	Winchester	$907M	F	0.0%	0.47%
StonehamBank, A Co-operative Bank	Stoneham	$883M	D	12.4%	0.37%
The Savings Bank	Wakefield	$873M	F	0.0%	0.17%
Mechanics Cooperative Bank	Taunton	$862M	B	15.3%	1.25%
Rollstone Bank & Trust	Fitchburg	$848M	D	13.0%	-0.59%
Greenfield Co-operative Bank	Greenfield	$846M	F	0.0%	0.63%
Savers Co-operative Bank	Southbridge	$792M	F	0.0%	0.29%
The Bank of Canton	Canton	$762M	C	22.3%	0.85%
OneUnited Bank	Boston	$762M	F	0.0%	0.21%
Monson Savings Bank	Monson	$754M	F	0.0%	0.85%
Clinton Savings Bank	Clinton	$743M	D	13.9%	-0.71%
Eagle Bank	Everett	$688M	F	0.0%	0.38%
Middlesex Federal Savings, F.A.	Somerville	$638M	C	13.7%	0.69%
Walpole Co-operative Bank	Walpole	$637M	F	0.0%	0.76%
Haverhill Bank	Haverhill	$636M	D	13.7%	0.91%
Lee Bank	Lee	$601M	F	0.0%	0.69%
Bay State Savings Bank	Worcester	$572M	D	11.3%	0.37%
The Cooperative Bank	Roslindale	$543M	D	13.3%	0.12%
Milford Federal Bank	Milford	$541M	F	0.0%	0.33%
Dean Co-operative Bank	Franklin	$489M	D	13.3%	0.29%
Seamen's Bank	Provincetown	$468M	F	0.0%	0.52%
The National Grand Bank of Marblehead	Marblehead	$445M	F	0.0%	0.54%
North Brookfield Savings Bank	North Brookfield	$442M	F	0.0%	0.47%
The Pittsfield Co-operative Bank	Pittsfield	$432M	D	19.4%	-0.29%
Winter Hill Bank, FSB	Somerville	$421M	D	16.4%	0.14%
BankGloucester	Gloucester	$390M	D	12.2%	0.37%
New Valley Bank & Trust	Springfield	$339M	F	10.4%	-0.02%
Charles River Bank	Medway	$322M	D	12.1%	0.33%
Washington Savings Bank	Lowell	$306M	D	16.6%	0.14%
Marblehead Bank	Marblehead	$267M	D	16.7%	0.40%
Bank of Easton	North Easton	$245M	F	0.0%	0.59%
Commonwealth Co-operative Bank	Hyde Park	$205M	F	0.0%	0.26%
Wrentham Co-operative Bank	Wrentham	$188M	D	21.4%	-0.22%
42 North Private Bank	Canton	$178M	D	13.3%	-2.88%
Canton Co-operative Bank	Canton	$159M	D	22.6%	0.22%
Millbury National Bank	Millbury	$139M	C	13.6%	0.70%
Methuen Co-operative Bank	Methuen	$138M	F	0.0%	0.37%
Stoughton Co-operative Bank	Stoughton	$135M	F	0.0%	0.51%
North Cambridge Co-operative Bank	Cambridge	$88M	C	63.8%	0.72%
Boston Trust Walden Company	Boston	$88M	B	88.0%	40.67%

How to Read the Massachusetts Bank Directory

This page lists every FDIC-insured bank with a primary regulatory address in Massachusetts. Inclusion does not depend on charter type — both state-chartered and nationally-chartered banks appear here when the FDIC institution directory places their headquarters in this state. Branch locations, ATM networks, and credit unions are NOT in scope; this is a headquarters-anchored view. The 91 institutions shown reflect the most recent quarterly FDIC release; counts will change at each refresh as institutions merge, are acquired, or close.

Health Grade Interpretation

Each bank's letter grade (A through F) is computed from four FDIC-reported metrics: Tier 1 capital ratio, return on assets, the Texas Ratio (non-performing assets ÷ tangible capital), and the efficiency ratio. Grades are relative — every quarter we recompute thresholds against the full FDIC universe, so a "B" today may have been an "A" last cycle if the median improved. Across Massachusetts, 9 institutions (10%) currently sit in the A or B band, while 55 (60%) fall in the D or F band. The C cluster — the broad middle — typically captures roughly half of any state's banks and is not a warning signal on its own.

What State Concentration Tells You

Banks register their headquarters in Massachusetts for several distinct reasons: regional community service (the bulk of small community banks), favorable trust law (a handful of states attract large national fiduciary operations), regulatory familiarity, or historic charter inheritance. A high concentration of total assets in a single state — South Dakota, Delaware, and Ohio are well-known examples — usually reflects a few very large institutions choosing the state for tax or regulatory reasons, not breadth of local banking competition. Below the top of the table, the long tail of mid-sized and community banks gives a clearer picture of local market structure.

When Failures Matter

Since 2000, 1 banks headquartered in Massachusetts have failed. Every depositor at those banks was made whole up to the standard FDIC insurance ceiling (currently $250,000 per depositor, per ownership category, per institution). Bank failures cluster around macro events (the 2008-2010 wave, the regional bank stress of 2023) rather than steady attrition, so a clean recent record at the state level does not imply state-level safety — it usually reflects the absence of a triggering shock. The "Under Stress" ranking is more useful for forward-looking comfort than the historical failure count, because it scores current capital and credit-loss capacity.

Sources, Refresh Cadence, and Corrections

Every figure on this page derives from the FDIC Quarterly Banking Profile and the FDIC Institution Directory, both of which are public-domain government datasets. We re-pull the data on the FDIC's schedule (a quarterly release plus monthly institution-directory delta files for merger and closure events). Asset and capital figures are reported as of the most recent quarter-end and lag the calendar by approximately ninety days — this is the FDIC's reporting lag, not ours. If a specific bank record looks wrong (renaming, merger, missing fields), the contact page accepts corrections; we reconcile them against the source feed at the next refresh.

Read our methodology — how this data is sourced, computed, and verified.

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Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainBankData Editorial

Reviewed byPlainbankdata Editorial, Us Bank Financial Editorial Team · June 4, 2026