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FinObservatory

County banking markets / MA / 25017

MiddlesexMassachusetts

FIPS 25017. Branch offices reported to the FDIC Summary of Deposits, June 30 of each survey year, 19942025. One of 14 counties in Massachusetts’s 2025 survey.

446
Branch offices
June 30, 2025
47
Institutions
68 in 1994
527
Branch-count HHI
unconcentrated (2010 HMG)
761
Deposit HHI
see the caveat below

Concentration, 19942025

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 (527) and unconcentrated on deposits (761).

Branch-count HHIDeposit HHI
01,0002,0003,0001,800 (Fed screen)19942000201020202025

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

457 branch offices and 68 institutions in 1994; 446 and 47 in 2025. Deposits booked in the county went from $21.02B to $83.76B, nominal.

Branch officesInstitutions
020040060019942000201020202025

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.

#InstitutionDepositsDeposit shareBranchesBranch share
1Bank of America, National Association cert 3510$16.73B19.97%449.87%
2Citizens Bank, National Association cert 57957$8.67B10.35%5111.43%
3TD Bank, National Association cert 18409$5.71B6.82%255.61%
4Cambridge Savings Bank cert 17870$5.37B6.41%194.26%
5Eastern Bank cert 32773$4.93B5.88%337.40%
6Leader Bank, National Association cert 57134$4.04B4.83%51.12%
7Middlesex Savings Bank cert 90183$3.85B4.60%224.93%
8Manufacturers and Traders Trust Company cert 588$3.49B4.17%143.14%
9Santander Bank, N.A. cert 29950$3.42B4.09%316.95%
10Northern Bank & Trust Company cert 18266$2.67B3.19%143.14%
11Enterprise Bank and Trust Company cert 27408$2.33B2.78%132.91%
12Avidia Bank cert 90215$1.81B2.16%51.12%
13The Village Bank cert 26336$1.78B2.12%102.24%
14Brookline Bank cert 17798$1.48B1.77%112.47%
15JPMorgan Chase Bank, National Association cert 628$1.48B1.76%245.38%
16Rockland Trust Company cert 9712$1.46B1.75%173.81%
17Watertown Savings Bank cert 23298$1.30B1.55%102.24%
18The Lowell Five Cent Savings Bank cert 90227$1.24B1.48%122.69%
19Main Street Bank cert 90235$1.22B1.46%40.90%
20East Cambridge Savings Bank cert 90173$1.19B1.41%112.47%
21Salem Five Cents Savings Bank cert 23296$1.05B1.26%122.69%
22Needham Bank cert 26483$983.8M1.17%30.67%
23MutualOne Bank cert 26395$853.8M1.02%30.67%
24Everett Co-operative Bank cert 26444$819.6M0.98%20.45%
25Reading Co-operative Bank cert 26620$796.0M0.95%81.79%
26StonehamBank, A Co-operative Bank cert 26559$715.6M0.85%20.45%
27Winchester Co-operative Bank cert 27238$713.3M0.85%20.45%
28Winchester Savings Bank cert 90308$634.4M0.76%40.90%
29Middlesex Federal Savings, F.A. cert 28368$589.8M0.70%40.90%
30The Savings Bank cert 90291$574.5M0.69%51.12%
31PNC Bank, National Association cert 6384$410.4M0.49%40.90%
32Eagle Bank cert 90191$405.2M0.48%30.67%
33Winter Hill Bank, FSB cert 28213$297.3M0.35%30.67%
34Washington Savings Bank cert 90229$231.5M0.28%20.45%
35Rollstone Bank & Trust cert 17797$112.5M0.13%20.45%
36Fidelity Co-operative Bank cert 26451$99.1M0.12%10.22%
37North Cambridge Co-operative Bank cert 26567$59.1M0.07%10.22%
38Webster Bank, National Association cert 18221$52.9M0.06%10.22%
39NorthEast Community Bank cert 29147$38.3M0.05%10.22%
40North Shore Bank, a Co-operative Bank cert 26484$36.0M0.04%10.22%
41Berkshire Bank cert 23621$34.6M0.04%10.22%
42UniBank for Savings cert 90290$32.9M0.04%10.22%
43First-Citizens Bank & Trust Company cert 11063$21.4M0.03%10.22%
44HarborOne Bank cert 59070$18.8M0.02%10.22%
45Dedham Institution for Savings cert 23620$14.3M0.02%10.22%
46Beal Bank USA cert 57833$5.9M0.01%10.22%
47The Bank of New York Mellon Trust Company, National Association cert 23472$0K0.00%10.22%

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.