Blog
Fastest-Growing Commercial Lenders in Mass. – Banks
The banks in Massachusetts with the fastest-growing commercial and industrial loan portfolios reported loans valued at $20.11B as of Sept. 30, 2024 marking a 6.16% increase over what was reported in the year-earlier period. A total of 98 banks were considered; of those, 55 recorded a positive year-over-year change, 1 was even, 38 were negative, and 4 others had no commercial & industrial lending portfolio. Only the 55 that recorded a positive year-over-year change are displayed in this ranking. The online version of this ranking expands beyond what appears in print; another 30 lenders are included in our digital rankings, in addition to the 25 featured in this week’s print edition. This week’s List is part of a broader strategy shift in our research methodology and philosophy in 2025, one that will emphasize more data and context for readers while better coordinating the resources available to us and our 40-plus sister publications under the American City Business Journals flag. We anticipate this effort will identify thousands of new local records — and cumulatively, tens of thousands of new businesses across ACBJ’s footprint — this year alone. Information on The List was obtained from the Federal Deposit Insurance Corp. As defined by the FDIC, commercial and industrial lending includes “secured or unsecured credits to business enterprises for commercial and industrial purposes and can include working capital advances, term loans and loans to individuals for business purposes.” To qualify for this List, lenders are required to have commercial and industrial loan portfolio balances as of Sept. 30, 2024, and to be incorporated and headquartered in Massachusetts. Rankings were determined by year-over-year raw dollar value changes in C&I lending in the period analyzed. For information about this and other Boston Business Journal Lists, please contact Associate Editor/Research Sean McFadden at smcfadden@bizjournals.com.