Community Banks are the banks that serve the smaller and rural markets across the U.S. Where Community Banks are critical will be found in the smaller county markets across the country. MassMutual and its subsidiaries provide life insurance, disability income insurance, long-term care insurance, annuities, retirement products, investment management, mutual … This list can be sequenced by institution name, federal regulator, city, deposit asset ratio, deposits or total assets by clicking on the label at … Community Banks are located in markets of all population sizes. At March 31, 2018, mutual banks … Once you find a bank or branch, U.S Bank List will also provide driving directions to the bank … Farmers and Mechanics Federal Savings Bank, Kennebec Federal Savings and Loan Association of Waterville, Farmers and Merchants State Bank of Bushnell, The Exchange State Bank of St. Paul, Kansas, The First Bank and Trust Company of Murphysboro, The Covington Savings and Loan Association, First Farmers & Merchants State Bank of Grand Meadow, Amory Federal Savings and Loan Association, Farmers & Merchants State Bank of New York Mills, Incorporated, American Exchange Bank, Lindsay, Oklahoma, Ladysmith Federal Savings and Loan Association, Brainerd Savings and Loan Association, A Federal Association, The Citizens State Bank of Cheney, Kansas, First National Bank of South Padre Island, Highland Federal Savings and Loan Association, The Stock Exchange Bank, Caldwell, Kansas, The Citizens State Bank and Trust Company, Warsaw Federal Savings and Loan Association, Abbeville Building & Loan (A State-Chartered Savings Bank), The Farmers State Bank of Bucklin, Kansas, Farmers and Merchants State Bank of Appleton, The Waterford Commercial and Savings Bank, The First Farmers National Bank of Waurika, North Side Federal Savings and Loan Association of Chicago, The First State Bank of Pond Creek, Oklahoma, Farmers and Merchants State Bank of Alpha, The Bank of San Jacinto County, Coldspring, Texas, The Brookville Building and Savings Association, Farmers and Merchants Bank of Mound City, Kansas, Peoples Bank and Trust Company of Clinton County, Home Federal Savings and Loan Association, Jackson Federal Savings and Loan Association, Kingstree Federal Savings and Loan Association, Tucumcari Federal Savings and Loan Association, Blue Grass Federal Savings and Loan Association, Peoples Community Bank SB of Monticello, Indiana, Marquette Farmers State Bank of Marquette, Citizens State Bank of Tyler, Incorporated, Elberton Federal Savings and Loan Association, First Federal Savings & Loan Association of Ravenswood, Minnesota First Credit and Savings, Incorporated, Second Federal Savings and Loan Association of Philadelphia, Sidney Federal Savings and Loan Association, Interstate Federal Savings and Loan Association of McGregor, Kentland Federal Savings and Loan Association. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. United Community Bank of West Kentucky, Inc. First Shore Federal Savings and Loan Association, The First National Bank of Hughes Springs, The First Citizens National Bank of Upper Sandusky, Guaranty Bank & Trust Company of Delhi, Louisiana, The Citizens National Bank of Park Rapids. (For comparison, the average credit union has an average of $286 million in assets.) State of Massachusetts allows a certain amount of interest from Mass banks to be exempt from income. Banks holding more than $50 billion each in assets account for more than 68% the assets in the U.S. banking system and 66% of the deposits. Massachusetts - Banks Following is a comprehensive list of Banks based in Massachusetts. The U.S. Community Bank average was 3.7%. But Community Banks dominate the numbers. As a mutual bank … COMMUNITY BANKS AND iMPACT ON THEIR MARKETS. In 2015, the oldest (and largest) mutual bank in the U.S. is Eastern Bank of Boston, with approximately $10 billion in assets. OPRA is a state law that was enacted to give the public greater access to government records maintained by public agencies in New Jersey. Community banks represent 97% of banking industry. Find financial information, routing numbers, reviews, and other details if banks in Massachusetts. Its 1816 charter was the first government legislation in the world to safeguard savings banks. The First National Bank and Trust Company of Vinita, The First Trust and Savings Bank of Watseka, Illinois, Forest Park National Bank and Trust Company, Farmers and Merchants State Bank of Pierz, Carthage Federal Savings and Loan Association, The Brattleboro Savings and Loan Association, Fairfield Federal Savings and Loan Association of Lancaster, The First National Bank of Russell Springs, The First National Bank and Trust Company of Okmulgee, The First National Bank of Lawrence County at Walnut Ridge, Security Federal Savings Bank of McMinnville, The Harrison Building and Loan Association, Ozarks Federal Savings and Loan Association, Citizens Bank and Trust Company of Ardmore, The Citizens First National Bank of Storm Lake, Citizens Bank and Trust Company of Grainger County, Citizens State Bank and Trust Co., Ellsworth, Kansas, Morgantown Bank & Trust Company, Incorporated, The Farmers and Merchants National Bank of Nashville, The First National Bank and Trust Company of Broken Arrow, First Federal Savings and Loan Association of San Rafael, First Federal Savings and Loan Association of Valdosta, Bank of the Federated States of Micronesia, First Federal Savings Bank of Champaign Urbana, The Fidelity State Bank and Trust Company, Central Federal Savings and Loan Association, The First National Bank of McConnelsville, The First State Bank & Trust Co. of Larned, The Colorado Bank and Trust Company of La Junta, The Putnam County National Bank of Carmel, Westmoreland Federal Savings and Loan Association, United Citizens Bank of Southern Kentucky, The Farmers State Bank of Aliceville, Kansas, The First National Bank and Trust Company of Miami, Carroll County Trust Company of Carrollton, Missouri, The Stockgrowers State Bank of Ashland, Kansas, Aroostook County Federal Savings and Loan Association, Citizens Federal Savings and Loan Association, First Federal Savings and Loan Association of Greensburg, Union Federal Savings and Loan Association, Citizens Bank & Trust Company of Vivian, Louisiana, First Federal Savings and Loan Association of Bath, Iowa State Bank and Trust Company of Fairfield, Iowa, Slovenian Savings and Loan Association of Franklin-Conemaugh, Exchange Bank and Trust Company, Natchitoches, Louisiana. Loan and asset growth may rise or fall depending on a bank's … It was chartered in 1818 in Salem, Massachusetts, as the Salem Savings Bank. The states with the most mutual banks are Massachusetts (92), Illinois (38), Ohio (41) and Pennsylvania (40). Third Federal Savings and Loan Association of Cleveland, The Washington Trust Company, of Westerly, The First, A National Banking Association, Farmers & Merchants Bank of Central California, Institution for Savings in Newburyport and Its Vicinity, The Canandaigua National Bank and Trust Company, Sumitomo Mitsui Trust Bank (U.S.A.) Limited, Industrial and Commercial Bank of China USA, Glens Falls National Bank and Trust Company, First Federal Savings and Loan Association of Lakewood, Maspeth Federal Savings and Loan Association, Yakima Federal Savings and Loan Association, Queensborough National Bank & Trust Company, First Federal Savings and Loan Association of Port Angeles, Farmers and Merchants Trust Company of Chambersburg, The Citizens Bank of Philadelphia, Mississippi, The First National Bank and Trust Company, The Bank of New York Mellon Trust Company, The Security National Bank of Sioux City, Iowa, First National Bank and Trust Company of Newtown, The Commercial and Savings Bank of Millersburg, Ohio, Rosedale Federal Savings and Loan Association, First Federal Savings and Loan Association of Greene Co, Transportation Alliance Bank, Inc. d/b/a TAB Bank, The City National Bank of Sulphur Springs, Cornerstone National Bank & Trust Company, Olympia Federal Savings and Loan Association, The First National Bank and Trust Co., Chickasha, Oklahoma, Jonestown Bank and Trust Company, of Jonestown, Pennsylvania, Iroquois Federal Savings and Loan Association, Calvin B. Taylor Banking Company of Berlin, Maryland, Citizens State Bank of New Castle, Indiana, Windsor Federal Savings and Loan Association, First Hope Bank, A National Banking Association, Cumberland Valley National Bank & Trust Company, American State Bank & Trust Company of Williston, Geddes Federal Savings and Loan Association, The First National Bank of Middle Tennessee, First National Bank and Trust Company of Ardmore, First Federal Savings and Loan Association of McMinnville, Oregon Pacific Banking Company dba Oregon Pacific Bank, Oconee Federal Savings and Loan Association, The Peoples State Bank of Newton, Illinois, First National Bank & Trust Company of McAlester, First State Bank of St. Charles, Missouri, Slovenian Savings and Loan Association of Canonsburg, First Piedmont Federal Savings and Loan Association of Gaffney, First Federal Savings and Loan Association of Lorain, International City Bank Federal Savings Bank, Union National Bank and Trust Company of Elgin, Farmers and Merchants Bank of South Carolina, The City National Bank and Trust Company of Lawton, Oklahoma, The Karnes County National Bank of Karnes City, The First National Bank & Trust Company of Iron Mountain, First National Bank and Trust Company of Weatherford, Peoples Bank and Trust Company of Pointe Coupee Parish, Wallkill Valley Federal Savings and Loan Association, Home Federal Savings and Loan Association of Grand Island, First Federal Savings and Loan Association. COMMUNITY BANKS: Number BY STATE AND ASSET SIZE (Data updated quarterly as Call Reports are filed; Click on any image to enlarge.) From the largest credit unions in California to the biggest banks … A complete list of the Massachusetts banks with options to explore further. Community Banks: Charter Changes by State, Community Banks: Number by State and Asset Size, Community Banks: Loan Growth by State and Asset Size, Community Banks: Deposit Growth by State and Asset Size. They’ve gone above and beyond for their customers since 1850. Five states - New York, Kentucky, Wisconsin, Florida and Indiana had rates above 6%. Illinois - 396 Community Banks - down (13), or (3.2)% YoY. Banking Industry Segmentation by Total Assets. History Origins. The FDIC lists 5,083 banks in total in this report. THE OTHER "DUAL BANKING" SYSTEM: "COMMUNITY BANKS" AND "LARGE BANKS"? The following is a ranking of all banks in the United States in terms of "Total Assets". Country Bank is a state-chartered, mutual savings bank located in Ware, Massachusetts. Community Banks represent over 97 percent of banks operating in the U.S. Mutual Bank first started operating in 1889 with headquarters in Whitman, Massachusetts. The median asset size… The tables and charts that follow are segmented by bank total assets size in order to present trends across all segments of Community Banks (banks and thrifts with under $10 billion in total assets). Banks with total assets greater than $10 billion hold 85 percent of banking industry assets - with the top four banks holding fifty percent of those large bank assets. This view provides a better perspective on activity and changes among the large population of community banks and thrifts that serve local communities across the U.S. and where these community banks and thrifts are chartered and located. The following is a ranking of all banks in the United States in terms of "Total Assets". Is the more important definition of the “dual banking system”: Community Banks and Large Banks? 2,416 Community Banks headquartered in smaller, rural counties with populations < 50,000. While Bank Mutual may not have the most deposit market share among banks operating in Wisconsin or Milwaukee, the firm's total asset size is among the largest among Wisconsin banks, … Middlesex Savings Bank, based in Natick, Massachusetts, is a mutual bank focused on providing financial support to individuals and businesses. Agencies and departments across the Commonwealth work with various banking and … Massachusetts Bankers Association One Washington Mall, 8th Floor Boston, MA 02108-2603 617.523.7595 Following is a comprehensive list of Banks based in Indiana. Massachusetts Mutual Life Insurance Company (MassMutual) and its subsidiaries. Minnesota - 275 Community Banks - down (5), or (1.8)% YoY. A mutual savings bank is a type of thrift institution originally designed to serve low-income individuals. This still leaves a significant role for community banks – institutions with less than $50 billion each hold a combined $4.1 trillion in assets … Serve ~1,400 counties across the U.S. with populations of less than 50,000. The ranking is based on a broad range of factors, from the fees each bank … These lists include all national banks, state banks, or trust companies lawfully doing business in the Commonwealth. Directory listing 1 - 15. This comparison is based on data reported on 2020-12-31. Banks with more than $500 million in assets can no longer count trust-preferred securities as Tier I capital, the core regulatory measure of a bank's financial strength. By industry total assets, Community Banks are erroneously underestimated for their importance. 209 CMR 33.00: Conversion by co-operative banks and savings banks from mutual t… 209 CMR 40.00: Unfair and deceptive acts and practices in consumer transactions ; 209 CMR 41.00: … ... GOBankingRates has selected the top 10 banks in Massachusetts according to bank asset size, accessibility, savings account interest rate, monthly … Living mutual has always been at the core of our human existence, and it's the principle that's guided us since our founding in 1851. As of March 31, 2019, Mutual Bank had assets of $531,265,000, loans of $406,922,000, and deposits of $443,294,000. Community bankers are primarily headquartered in counties under 50,000 population, where they play critical role in providing credit, liquidity and investments to these communities. And there was significant variation across states. They contributed importantly to smaller, more rural markets. Back when banks … Data is as of Q4 2020 from FDIC Call Reports. (Data updated quarterly as Call Reports are filed; Click on any image to enlarge.). There are 109 FDIC insured Banks in Massachusetts. These graphics show where banks are chartered, including segmentation by the population of each county. Largest Banks in Massachusetts Largest Banks in Massachusetts. All banks on this list regardless of category are FDIC insured* Here is the Bank Charter Class : A classification code assigned by the FDIC based on the institution's charter type (commercial bank or … These banks in Massachusetts offer consumers the opportunity to explore the available options and select the bank most appropriate for their financial needs. While banks of all sizes show up as headquartered across counties of all sizes, Community Banks remain the dominant financial institution located in communities with smaller populations. Listing of all banks for current quarter (Excel file): Bank Listing. The bank offers products across five categories: auto loans, home mortgages, credit cards, investment services and insurance. First Federal Savings and Loan Association of Central Illinois, S.B. 4,850 Community Bank charters active across all 50 states. This comparison is based on data reported on 2020-12-31. We offer valuable banking solutions including, … We offer valuable banking solutions including, … Century Bank makes this GOBankingRates ranking based on numerous strengths. First Community Bank of the Heartland, Inc. The tables and charts that follow are segmented by bank total assets size in order to present trends across all segments of Community Banks (banks and thrifts with under $10 billion in total assets). Note that the larger asset segments showed year-over-year increase. Massachusetts Banks. Kansas - 221 Community Banks - down (6), or (2.6)% YoY. COMMUNITY BANKS: DEPOSIT GROWTH BY STATE AND ASSET SIZE (Data updated quarterly as Call Reports are filed; Click on any image to enlarge.) They value respect, courtesy, and good manners above all. Banking Industry Segmentation by Bank Size. Historically, these individuals invested in long-term, fixed-rate assets, such as mortgages . We've only listed the top 250 banks by asset size below. Mutual Bank - Southeastern MA: Mutual Federal Savings Bank of Plymouth County - Whitman Now Mutual Bank - Southeastern MA: MutualOne Bank - Framingham/Natick - N - ... Massachusetts Division of Banks … And this decrease occurs across markets of all sizes but with larger decreases in the smaller and the larger markets. And as the banking industry consolidation continues, the number of Community Banks continues to decrease.