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  • About Massachusetts:
    Massachusetts has 173 banks headquartered within its borders. The number of bank branches located in MA is 2,183.
  • Massachusetts ranks 15th in the United States by asset size of the banks located there. MA banks have a combined asset size of $240 Billion.
  • The largest bank which makes its headquarters in Massachusetts is State Street Bank And Trust. State Street Bank And Trust has 59.45 % of the state bank assets with a total asset size of $142 Billion. Putnam Fiduciary Trust, the smallest bank in Massachusetts, has a total asset size of $16 Million.
  • 44,826 people are employed full-time at the banks in Massachusetts.
  • While the average APY on a 12 month certificate of deposit in Massachusetts is 0.88 %, the overnight auction rate at MoneyAisle for a 12 month bank CD was 2.01 %! Try it out for yourself: Compare the live auction rates on MoneyAisle to the average rate offered in Massachusetts!

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Massachusetts Banks - Fast Facts

  • Banks HQ in MA: 173
  • Number of MA Branches: 2,183
  • Average Branch Deposit Size: $79 Million
  • MA HQ Banks Employ : 44,826 full-time employees
  • MA HQ Banks Assets: $240 Billion
  • Biggest Bank HQ in MA (Assets): State Street Bank And Trust
  • Smallest Bank HQ in MA (Assets): Putnam Fiduciary Trust
  • % of US Bank Assets: 1.76 %

Data from FDIC as of 3/31/2009

Banks Headquartered in Massachusetts

(Largest Banks by Asset Size)

Banks with Branches in Massachusetts

(Largest Banks by Asset Size)