Connecticut SBA 7(a) Lender Ranking for FY 2023

RANKLender# Loans$ AmountAverage Loan Size
1Webster Bank National Association (CT)117$45,010,800$384,708
2Live Oak Banking Company (NC)17$32,047,000$1,885,118
3Celtic Bank Corporation (UT)14$19,260,000$1,375,714
4Manufacturers and Traders Trust Company (NY)126$18,114,000$143,762
5Berkshire Bank (MA)13$14,531,000$1,117,769
6TD Bank, National Association (DE)111$14,117,800$127,187
7Newtek Bank, National Association (FL)24$10,080,500$420,021
8Newtek Small Business Finance, Inc. (NY)19$9,961,400$524,284
9Connecticut Community Bank, National Association (CT)8$8,860,200$1,107,525
10Liberty Bank (CT)25$8,464,300$338,572
11The Huntington National Bank (OH)24$8,034,100$334,754
12Citizens Bank, National Association (RI)7$5,707,300$815,329
13BayFirst National Bank (FL)27$5,233,400$193,830
14Readycap Lending, LLC (NJ)10$5,067,500$506,750
15Home Loan Investment Bank, F.S.B. (RI)1$5,000,000$5,000,000
16Fund-Ex Solutions Group, LLC (FL)2$4,998,200$2,499,100
17Hanover Community Bank (NY)2$3,920,000$1,960,000
18SouthState Bank, National Association (FL)1$3,690,000$3,690,000
19KeyBank National Association (OH)41$3,677,700$89,700
20LendingClub Bank, National Association (IL)1$3,600,000$3,600,000
21Wilmington Savings Fund Society, FSB (DE)2$3,415,000$1,707,500
22United Community Bank (SC)3$2,940,000$980,000
23Byline Bank (IL)2$2,840,000$1,420,000
24Bank of America, National Association (SC)11$2,736,600$248,782
25Savings Bank of Danbury (CT)11$2,520,000$229,091
26JPMorgan Chase Bank, National Association (OH)11$2,348,000$213,455
27Ion Bank (CT)4$2,153,000$538,250
28Community Investment Corporation (CT)10$1,870,600$187,060
29Pathward National Association (SD)2$1,808,000$904,000
30Bank Five Nine (WI)1$1,757,500$1,757,500
31First Chatham Bank (GA)3$1,730,700$576,900
32Cadence Bank (MS)4$1,708,500$427,125
33HomeTrust Bank (NC)2$1,658,000$829,000
34CapStar Bank (TN)1$1,620,800$1,620,800
35Valley National Bank (NJ)1$1,428,000$1,428,000
36Peapack-Gladstone Bank (NJ)1$1,422,000$1,422,000
37The Bancorp Bank National Association (SD)3$1,355,600$451,867
38First IC Bank (GA)2$1,320,000$660,000
39New Valley Bank & Trust (MA)1$1,253,000$1,253,000
40Thomaston Savings Bank (CT)4$1,249,100$312,275
41First Bank of the Lake (MO)3$1,214,900$404,967
42Centerstone SBA Lending, Inc. (CA)2$1,170,000$585,000
43Citizens Bank (TN)1$1,162,000$1,162,000
44New Millennium Bank (NJ)1$1,150,000$1,150,000
45Newtown Savings Bank (CT)5$1,108,700$221,740
46CIBC Bank USA (IL)1$1,046,800$1,046,800
47Torrington Savings Bank (CT)8$1,035,000$129,375
48Dogwood State Bank (NC)1$995,100$995,100
49NBT Bank, National Association (NY)4$856,200$214,050
50First Internet Bank of Indiana (IN)1$840,000$840,000
51Wells Fargo Bank, National Association (SD)11$832,800$75,709
52Hometown Bank (OH)1$794,800$794,800
53Exos Small Business Lending LLC (CO)1$730,000$730,000
54Harvest Small Business Finance, LLC (CA)1$720,000$720,000
55Five Star Bank (CA)1$700,000$700,000
56Avidia Bank (MA)2$686,000$343,000
57First Bank (NC)1$667,000$667,000
58City National Bank (CA)1$637,500$637,500
59NewBank (NY)1$500,000$500,000
60Magnifi Financial CU (MN)1$497,800$497,800
61Northeast Bank (ME)4$488,300$122,075
62First National Bank of Pennsylvania (NC)1$444,000$444,000
63First County Bank (CT)2$400,000$200,000
64BankUnited, National Association (FL)2$400,000$200,000
65Nutmeg State Financial Credit Union (CT)1$350,000$350,000
66United Midwest Savings Bank, National Association (OH)2$300,000$150,000
67Tandem Bank (GA)2$300,000$150,000
68Bangor Savings Bank (ME)1$300,000$300,000
69Jewett City Savings Bank (CT)2$275,000$137,500
70Bristol County Savings Bank (MA)1$250,000$250,000
71Gulf Coast Bank and Trust Company (LA)1$247,500$247,500
72Lendistry SBLC, LLC (CA)1$179,800$179,800
73Encore Bank (AR)1$141,500$141,500
74Citibank, N.A. (SD)2$138,500$69,250
75Union Savings Bank (CT)1$135,000$135,000
76Colony Bank (GA)1$100,000$100,000
77Rockland Trust Company (MA)1$67,500$67,500
78Westfield Bank (MA)1$50,000$50,000

Source: Lumos Data