Massachusetts SBA 7(a) Lender Rankings for FY 2023

RANKLender# Loans$ AmountAverage Loan Size
1Eastern Bank (MA)230$41,602,200$180,879
2Live Oak Banking Company (NC)21$29,055,500$1,383,595
3TD Bank, National Association (DE)203$24,255,500$119,485
4Webster Bank National Association (CT)44$22,829,000$518,841
5Cambridge Savings Bank (MA)27$14,452,300$535,270
6Newtek Small Business Finance, Inc. (NY)23$13,444,300$584,535
7The Huntington National Bank (OH)40$13,346,100$333,653
8Rockland Trust Company (MA)25$12,144,100$485,764
9Bank of America, National Association (SC)43$12,092,100$281,212
10Customers Bank (PA)6$11,199,500$1,866,583
11Leader Bank, National Association (MA)30$11,188,800$372,960
12First Internet Bank of Indiana (IN)5$10,782,000$2,156,400
13Berkshire Bank (MA)15$9,060,000$604,000
14Citizens Bank, National Association (RI)9$8,779,100$975,456
15Newtek Bank, National Association (FL)15$8,553,000$570,200
16Needham Bank (MA)55$8,182,100$148,765
17BayFirst National Bank (FL)48$7,410,400$154,383
18Manufacturers and Traders Trust Company (NY)42$7,177,800$170,900
19Salem Five Cents Savings Bank (MA)45$7,122,000$158,267
20Ameris Bank (GA)4$6,666,900$1,666,725
21Avidia Bank (MA)9$6,265,300$696,144
22Readycap Lending, LLC (NJ)17$5,772,700$339,571
23Wells Fargo Bank, National Association (SD)4$5,474,000$1,368,500
24Fund-Ex Solutions Group, LLC (FL)4$5,261,100$1,315,275
25The Lowell Five Cent Savings Bank (MA)2$4,640,500$2,320,250
26Brookline Bank (MA)30$4,079,200$135,973
27Valley National Bank (NJ)1$3,890,000$3,890,000
28North Shore Bank, a Co-operative Bank (MA)12$3,840,000$320,000
29Seacoast National Bank (FL)3$3,784,000$1,261,333
30The Cooperative Bank of Cape Cod (MA)6$3,720,000$620,000
31River Works CU (MA)1$3,690,000$3,690,000
32Webster Five Cents Savings Bank (MA)16$3,667,000$229,188
33Dogwood State Bank (NC)9$3,524,600$391,622
34Bank Five Nine (WI)2$3,505,800$1,752,900
35Celtic Bank Corporation (UT)16$3,501,100$218,819
36St. Mary’s CU (MA)46$3,432,800$74,626
37Fountainhead SBF LLC (FL)5$3,094,600$618,920
38Liberty Bank (CT)3$3,085,500$1,028,500
39United Midwest Savings Bank, National Association (OH)8$2,938,500$367,313
40Newburyport Five Cents Savings Bank (MA)19$2,915,700$153,458
41LendingClub Bank, National Association (IL)2$2,845,000$1,422,500
42Cadence Bank (MS)10$2,835,000$283,500
43SouthState Bank, National Association (FL)3$2,652,700$884,233
44Enterprise Bank & Trust (MO)3$2,370,600$790,200
45HarborOne Bank (MA)17$2,190,700$128,865
46Fall River Five Cents Savings Bank d/b/a BankFive (MA)19$2,177,500$114,605
47Byline Bank (IL)2$2,145,000$1,072,500
48The Freedom Bank of Virginia (NY)2$2,123,000$1,061,500
49Northern Bank and Trust Company (MA)4$2,113,000$528,250
50Enterprise Bank and Trust Company (MA)10$2,101,000$210,100
51Pentucket Bank (MA)2$2,050,000$1,025,000
52Middlesex Savings Bank (MA)7$2,032,000$290,286
53Colony Bank (GA)2$1,964,000$982,000
54Firstrust Savings Bank (PA)2$1,922,800$961,400
55UniBank for Savings (MA)21$1,673,400$79,686
56Coastal Heritage Bank (MA)4$1,650,000$412,500
57American Momentum Bank (TX)1$1,623,800$1,623,800
58First National Bank of Pennsylvania (NC)5$1,612,000$322,400
59First Commonwealth Bank (PA)1$1,593,400$1,593,400
60Bristol County Savings Bank (MA)14$1,473,000$105,214
61FWBank (IL)2$1,469,000$734,500
62VelocitySBA, LLC (CA)1$1,412,000$1,412,000
63JPMorgan Chase Bank, National Association (OH)6$1,243,000$207,167
64Santander Bank, National Association (DE)16$1,218,600$76,163
65HomeTrust Bank (NC)1$1,179,000$1,179,000
66Hanmi Bank (CA)1$1,160,000$1,160,000
67Mission Valley Bank (CA)2$1,153,700$576,850
68Dean Co-Operative Bank (MA)6$960,000$160,000
69Greenfield Co-Operative Bank (MA)4$937,700$234,425
70Gulf Coast Bank (LA)1$927,400$927,400
71The Cape Cod Five Cents Savings Bank (MA)4$920,000$230,000
72The Millyard Bank (NH)2$880,000$440,000
73Workers FCU (MA)6$866,700$144,450
74Common Capital Inc. (MA)5$828,000$165,600
75Mechanics Cooperative Bank (MA)5$807,500$161,500
76Capital One, National Association (VA)2$760,000$380,000
77First Business Bank (WI)1$754,000$754,000
78First Bank of the Lake (MO)1$750,000$750,000
79Stearns Bank National Association (MN)4$718,000$179,500
80Adams Community Bank (MA)1$700,000$700,000
81Homefield Credit Union (MA)2$650,000$325,000
82Hanover Community Bank (NY)1$629,000$629,000
83The Bancorp Bank National Association (SD)1$627,000$627,000
84New Valley Bank & Trust (MA)3$615,100$205,033
85Merchants Bank of Indiana (IN)1$598,100$598,100
86South Eastern Economic Development Corporation (MA)4$590,100$147,525
87Lee Bank (MA)2$576,000$288,000
88Greylock FCU (MA)2$575,000$287,500
89The Bank of Houston (MO)1$540,000$540,000
90The Savings Bank (MA)1$500,000$500,000
91South Shore Bank (MA)2$492,700$246,350
92Citizens Bank (TN)1$483,800$483,800
93Northeast Bank (ME)6$470,500$78,417
94BankGloucester (MA)4$460,000$115,000
95Five Star Bank (CA)2$450,000$225,000
96Falcon National Bank (MN)1$436,000$436,000
97North Brookfield Savings Bank (MA)4$415,000$103,750
98United Community Bank (SC)1$400,000$400,000
99Hometown Bank (MA)1$400,000$400,000
100KeyBank National Association (OH)13$375,000$28,846
101Primary Bank (NH)2$362,000$181,000
102Monson Savings Bank (MA)1$360,000$360,000
103West Town Bank & Trust (IL)1$350,000$350,000
104Milestone Bank (UT)1$350,000$350,000
105Service FCU (NH)4$345,800$86,450
106East West Bank (CA)1$337,500$337,500
107BayCoast Bank (MA)4$277,600$69,400
108Hanscom FCU (MA)2$275,000$137,500
109Cape Ann Savings Bank (MA)3$270,000$90,000
110NBT Bank, National Association (NY)2$259,900$129,950
111BankProv (MA)1$232,000$232,000
112The Fidelity Bank (NC)1$198,000$198,000
113Reading Co-Operative Bank (MA)1$150,000$150,000
114CDC Small Business Finance Corporation (CA)1$140,000$140,000
115Taunton FCU (MA)1$60,000$60,000
116Merrimack Valley CU (MA)1$55,400$55,400
117Freedom CU (MA)1$50,000$50,000
118Florence Bank (MA)1$50,000$50,000
119Martha’s Vineyard Bank (MA)2$45,000$22,500
120U.S. Bank, National Association (OH)1$31,000$31,000
121PNC Bank, National Association (DE)1$20,000$20,000

Source: Lumos Data