County banking markets / MA / 25009
EssexMassachusetts
FIPS 25009. Branch offices reported to the FDIC Summary of Deposits, June 30 of each survey year, 1994–2025. One of 14 counties in Massachusetts’s 2025 survey.
Concentration, 1994–2025
Branch-count HHI squares each institution’s share of the county’s branch offices; deposit HHI squares its share of county deposits. The bands are the 2010 Horizontal Merger Guidelines classification, the dashed line the 1,800 level above which the Federal Reserve reviews a merger centrally. In 2025 this market is unconcentrated on branches (556) and unconcentrated on deposits (817).
Source: FDIC Summary of Deposits | DOJ & FTC, Horizontal Merger Guidelines (2010), section 5.3 | Federal Reserve, Competitive Effects of Mergers and Acquisitions FAQs Both indices computed from the SOD branch rows for this county, June 30 of each survey year. Neither is the Fed's screen HHI: no thrift weighting, no exclusion of specialty and internet banks, no central-booking adjustment. Methodology
Branches and institutions
222 branch offices and 51 institutions in 1994; 221 and 34 in 2025. Deposits booked in the county went from $8.61B to $31.63B, nominal.
Source: FDIC Summary of Deposits FDIC Summary of Deposits, June 30 of each survey year, 1994-2025. Methodology
Who holds the deposits, 2025
Every institution with a branch in the county, ranked by deposits booked here. Both shares are shown because they are the two indices above: squaring and summing the deposit column gives the deposit HHI, the branch column the branch-count HHI.
| # | Institution | Deposits | Deposit share | Branches | Branch share |
|---|---|---|---|---|---|
| 1 | Salem Five Cents Savings Bank cert 23296 | $4.54B | 14.35% | 20 | 9.05% |
| 2 | TD Bank, National Association cert 18409 | $4.16B | 13.17% | 21 | 9.50% |
| 3 | Eastern Bank cert 32773 | $3.59B | 11.35% | 20 | 9.05% |
| 4 | Institution for Savings in Newburyport and Its Vicinity cert 90250 | $3.26B | 10.31% | 13 | 5.88% |
| 5 | Bank of America, National Association cert 3510 | $2.88B | 9.10% | 11 | 4.98% |
| 6 | Santander Bank, N.A. cert 29950 | $2.02B | 6.40% | 17 | 7.69% |
| 7 | North Shore Bank, a Co-operative Bank cert 26484 | $1.36B | 4.31% | 13 | 5.88% |
| 8 | Citizens Bank, National Association cert 57957 | $1.03B | 3.25% | 11 | 4.98% |
| 9 | Newburyport Five Cents Savings Bank cert 90251 | $992.8M | 3.14% | 7 | 3.17% |
| 10 | Cape Ann Savings Bank cert 90203 | $740.7M | 2.34% | 4 | 1.81% |
| 11 | Rockland Trust Company cert 9712 | $740.3M | 2.34% | 6 | 2.71% |
| 12 | Manufacturers and Traders Trust Company cert 588 | $737.7M | 2.33% | 15 | 6.79% |
| 13 | BankProv cert 90141 | $663.2M | 2.10% | 3 | 1.36% |
| 14 | Enterprise Bank and Trust Company cert 27408 | $659.4M | 2.09% | 4 | 1.81% |
| 15 | Pentucket Bank cert 90208 | $570.4M | 1.80% | 4 | 1.81% |
| 16 | Brookline Bank cert 17798 | $490.0M | 1.55% | 6 | 2.71% |
| 17 | Haverhill Bank cert 26411 | $464.6M | 1.47% | 6 | 2.71% |
| 18 | The National Grand Bank of Marblehead cert 2608 | $367.1M | 1.16% | 2 | 0.90% |
| 19 | JPMorgan Chase Bank, National Association cert 628 | $346.9M | 1.10% | 9 | 4.07% |
| 20 | BankGloucester cert 26536 | $312.8M | 0.99% | 3 | 1.36% |
| 21 | Reading Co-operative Bank cert 26620 | $262.1M | 0.83% | 5 | 2.26% |
| 22 | Everett Co-operative Bank cert 26444 | $261.8M | 0.83% | 1 | 0.45% |
| 23 | Marblehead Bank cert 90234 | $225.6M | 0.71% | 3 | 1.36% |
| 24 | The Lowell Five Cent Savings Bank cert 90227 | $201.6M | 0.64% | 2 | 0.90% |
| 25 | The Savings Bank cert 90291 | $154.0M | 0.49% | 4 | 1.81% |
| 26 | Methuen Co-operative Bank cert 26512 | $125.9M | 0.40% | 1 | 0.45% |
| 27 | PNC Bank, National Association cert 6384 | $123.2M | 0.39% | 1 | 0.45% |
| 28 | Bank of New England cert 24540 | $88.6M | 0.28% | 3 | 1.36% |
| 29 | Salem Co-operative Bank cert 27824 | $78.6M | 0.25% | 1 | 0.45% |
| 30 | NorthEast Community Bank cert 29147 | $61.2M | 0.19% | 1 | 0.45% |
| 31 | Winchester Savings Bank cert 90308 | $47.6M | 0.15% | 1 | 0.45% |
| 32 | Eagle Bank cert 90191 | $43.3M | 0.14% | 1 | 0.45% |
| 33 | First-Citizens Bank & Trust Company cert 11063 | $22.4M | 0.07% | 1 | 0.45% |
| 34 | Wilmington Trust, National Association cert 34069 | $0K | 0.00% | 1 | 0.45% |
Source: FDIC Summary of Deposits June 30, 2025. Branch rows grouped by FDIC certificate; names as reported to the survey. Deposit share is n/a where the county's total SOD deposits are zero. Methodology
Back to county banking markets, up to Massachusetts, or read the methodology for the two HHI constructions and what they cannot tell you.