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Massachusetts-Based Banks with Fastest-Growing Deposits
The banks in Massachusetts on this list hold approximately $392.43 billion in total combined deposits as of Dec. 31, 2024, marking a 14.69 increase over what was reported in the year-earlier period. The online version of this ranking expands beyond what appears in print; another 30 banks are included in our digital rankings, in addition to the 20 featured in this week’s print edition. This week’s List is part of a 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 46 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. and could not be independently verified by the Boston Business Journal. Rankings were determined by year-over-year dollar value change in deposits in the period analyzed. In case of ties, banks are listed alphabetically. To qualify for this List, banks are required to have a deposit balance at the end of the fourth quarter. Only institutions headquartered in Massachusetts are included. For information about this and other Boston Business Journal Lists, please contact Associate Editor/Research Sean McFadden at smcfadden@bizjournals.com or 617-316-3232.