Massachusetts borrowers have a substantial group of locally headquartered banks to consider for commercial real estate financing. The 25 banks in BestCRE’s ranking hold $63.2 billion in total CRE loans, including $6.8 billion in construction and land loans, $16.2 billion in multifamily loans, $10.6 billion in owner occupied loans and $29.6 billion in investor nonfarm nonresidential loans. The ranking uses FDIC Call Reports as of June 30, 2026 and orders institutions by total commercial real estate loans. It measures the size and composition of each reported portfolio, not the terms, pricing or availability of a particular loan.
The state had 90 headquartered banks with $80.9 billion in combined CRE loans. Their total increased +20.0% year over year, while the top five institutions accounted for 44.9% of that balance. Rockland Trust Company, Eastern Bank and Beacon Bank and Trust lead the ranking, and each also places within the national top 58. Size is only one screening factor. Borrowers should examine property type exposure, recent portfolio growth, CRE share of loans and investor CRE relative to equity before deciding which banks merit a direct conversation.
Massachusetts banks ranked by total CRE loans
| Rank | Bank | Headquarters | Total CRE loans ($M) | Construction and land ($M) | Multifamily ($M) | Owner occupied ($M) | Change, 1 year | CRE share of loans |
|---|---|---|---|---|---|---|---|---|
| 1 | Rockland Trust Company | Rockland, MA | $10,387 | $1,490 | $2,165 | $2,213 | +32.2% | 56.4% |
| 2 | Eastern Bank | Boston, MA | $9,932 | $516 | $3,534 | $1,634 | +27.1% | 42.6% |
| 3 | Beacon Bank and Trust | Boston, MA | $9,595 | $379 | $2,239 | $1,785 | +229.8% | 53.8% |
| 4 | Needham Bank | Needham, MA | $3,444 | $760 | $567 | $816 | +42.7% | 53.1% |
| 5 | Hingham Institution for Savings | Hingham, MA | $2,964 | $226 | $1,557 | $147 | +0.7% | 75.4% |
| 6 | Salem Five Cents Savings Bank | Salem, MA | $2,909 | $500 | $372 | $434 | +5.2% | 42.6% |
| 7 | Cambridge Savings Bank | Cambridge, MA | $2,793 | $147 | $567 | $173 | -3.1% | 48.0% |
| 8 | State Street Bank and Trust Company | Boston, MA | $2,292 | $0.0 | $987 | $0.0 | -10.2% | 4.4% |
| 9 | Middlesex Savings Bank | Natick, MA | $1,924 | $270 | $199 | $243 | +2.5% | 50.8% |
| 10 | Leader Bank, N.A. | Arlington, MA | $1,550 | $163 | $596 | $135 | +3.9% | 35.3% |
| 11 | PeoplesBank | Holyoke, MA | $1,336 | $108 | $385 | $110 | +1.5% | 37.9% |
| 12 | Northern Bank & Trust Company | Woburn, MA | $1,225 | $351 | $114 | $287 | +1.4% | 42.1% |
| 13 | BayCoast Bank | Swansea, MA | $1,205 | $164 | $291 | $411 | -3.9% | 53.3% |
| 14 | Trunorth Bank | PEABODY, MA | $1,192 | $152 | $363 | $207 | -0.3% | 47.6% |
| 15 | Bristol County Savings Bank | Taunton, MA | $1,191 | $116 | $224 | $367 | +8.5% | 43.6% |
| 16 | Country Bank for Savings | Ware, MA | $1,117 | $163 | $197 | $153 | +7.3% | 63.6% |
| 17 | Institution for Savings in Newburyport and Its Vicinity | Newburyport, MA | $1,049 | $179 | $346 | $150 | +14.1% | 24.6% |
| 18 | Westfield Bank | Westfield, MA | $1,042 | $93.4 | $164 | $167 | +3.3% | 47.5% |
| 19 | The Lowell Five Cent Savings Bank | Tewksbury, MA | $1,008 | $244 | $291 | $150 | +11.0% | 68.3% |
| 20 | South Shore Bank | South Weymouth, MA | $950 | $131 | $152 | $195 | +10.3% | 55.8% |
| 21 | Dedham Institution for Savings | Dedham, MA | $873 | $307 | $186 | $86.3 | +7.4% | 42.9% |
| 22 | Everett Co-operative Bank | Everett, MA | $857 | $95.2 | $417 | $55.8 | +9.6% | 61.1% |
| 23 | The Cape Cod Five Cents Savings Bank | Hyannis, MA | $807 | $145 | $71.1 | $319 | -1.7% | 18.5% |
| 24 | TruNorth Bank | Easthampton, MA | $775 | $46.9 | $106 | $166 | -11.2% | 48.3% |
| 25 | Bankhometown | OXFORD, MA | $732 | $44.9 | $144 | $149 | +0.5% | 57.1% |
Source: FDIC Call Reports as of June 30, 2026 (schedule RC-C). Dollar figures in millions. Change, 1 year compares total CRE loans with June 30, 2025. Bank names link to each bank’s FDIC record. Table shows the top 25 of 90 banks headquartered in Massachusetts.
The table has a clear leading group. Rockland Trust Company ranks first with $10.4 billion in CRE loans, followed by Eastern Bank at $9.9 billion and Beacon Bank and Trust at $9.6 billion. Their mixes differ. Rockland reports $1.5 billion in construction and land loans, while Eastern has the table’s largest multifamily balance at $3.5 billion. Beacon reports $5.2 billion in investor nonfarm nonresidential loans. Growth also separates the leaders: Beacon increased +229.8% year over year, Rockland increased +32.2% and Eastern increased +27.1%. Concentration varies widely across the table. Hingham Institution for Savings has 75.4% of loans in CRE and an investor CRE to equity ratio of 5.55x, both high relative to the other ranked banks. State Street Bank and Trust Company reports a 4.4% CRE share and a 0.08x ratio, both low by comparison.
Out of state banks with branches in Massachusetts
| Bank | Headquarters state | Branches in Massachusetts | Deposits in Massachusetts ($M) | Total CRE loans, all states ($M) |
|---|---|---|---|---|
| Bank of America, N.A. | North Carolina | 146 | $100,445 | $79,906 |
| Citizens Bank, N.A. | Rhode Island | 179 | $59,299 | $26,949 |
| Santander Bank, N.A. | Delaware | 115 | $36,643 | $17,133 |
| TD Bank, N.A. | Delaware | 114 | $21,123 | $30,408 |
| Manufacturers and Traders Trust Company | New York | 62 | $6,151 | $34,665 |
| JPMorgan Chase Bank, N.A. | Ohio | 94 | $4,905 | $179,847 |
| Webster Bank, N.A. | Connecticut | 16 | $2,081 | $22,551 |
| East West Bank | California | 2 | $1,248 | $21,796 |
| PNC Bank, N.A. | Delaware | 10 | $906 | $47,133 |
| KeyBank, N.A. | Ohio | 7 | $898 | $17,153 |
| First-Citizens Bank & Trust Company | North Carolina | 5 | $813 | $38,808 |
| NBT Bank, N.A. | New York | 7 | $232 | $4,692 |
Source: FDIC Summary of Deposits 2026. Deposits and branches are for Massachusetts only; CRE loans are bank wide.
Portfolio size is the starting point for a bank search
A larger CRE portfolio can indicate greater appetite and hold capacity, but it does not establish that a bank will approve a specific property or structure. Start with total CRE loans, then compare the relevant property category. A multifamily borrower, for example, may focus on Eastern Bank’s $3.5 billion multifamily balance, while a construction borrower may note Rockland Trust Company’s $1.5 billion construction and land portfolio. Owner users can compare the owner occupied column, where Rockland reports $2.2 billion and Beacon Bank and Trust reports $1.8 billion.
Recent growth provides another useful screen because it identifies banks that are adding reported CRE balances. Needham Bank increased +42.7% year over year, while Cambridge Savings Bank declined -3.1%. Neither figure predicts a credit decision. Bank lending remains relationship driven and local, so borrowers should use the ranking to build a focused call list, confirm current interest in the property type and compare responses from several institutions. Portfolio data can narrow the search, but current underwriting and available capacity must be established directly with each bank.
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Tell Us About Your DealHow BestCRE Capital WorksLoan mix and concentration reveal distinct portfolio profiles
The category columns show where each bank’s reported CRE book is most active. Hingham Institution for Savings holds $1.6 billion in multifamily loans within a $3.0 billion CRE portfolio. Salem Five Cents Savings Bank reports $1.6 billion in investor nonfarm nonresidential loans, compared with $372.0 million in multifamily and $499.9 million in construction and land. The Cape Cod Five Cents Savings Bank shows a different mix, with $318.7 million in owner occupied loans, $272.8 million in investor nonfarm nonresidential loans and $71.1 million in multifamily loans.
Concentration measures provide context for those balances. CRE represents 68.3% of loans at The Lowell Five Cent Savings Bank and 63.6% at Country Bank for Savings, compared with 18.5% at The Cape Cod Five Cents Savings Bank. Investor CRE to equity is 4.93x at Everett Co-operative Bank and 3.68x at Cambridge Savings Bank, both high relative to many banks in the table. A concentrated bank may be selective even when its portfolio shows substantial activity. Borrowers should therefore read size, mix, growth and concentration together instead of treating rank alone as a measure of availability.
Other bank and nonbank sources broaden the financing search
This ranking is limited to banks headquartered in Massachusetts. Banks based elsewhere also lend through local branches. Bank of America, N.A., headquartered in North Carolina, has 146 Massachusetts branches and $100.4 billion in deposits in the state. Citizens Bank, N.A., headquartered in Rhode Island, has 179 branches and $59.3 billion in Massachusetts deposits. Santander Bank, N.A. has 115 branches and $36.6 billion in state deposits, while TD Bank, N.A. has 114 branches and $21.1 billion. Their CRE loan totals cover all states and are not Massachusetts loan balances.
Borrowers can also compare debt funds, life companies, CMBS, agency and SBA lenders. These sources do not appear in bank call reports and may evaluate transactions under different programs. Comparing several sources helps a borrower test current availability, structure and pricing without assuming that reported portfolio size determines the best fit. The practical search can include Massachusetts headquartered banks with a relevant loan mix, out of state banks that maintain local branches and appropriate nonbank lenders. Each source should be evaluated using current transaction specific information.
Frequently Asked Questions
What data does BestCRE use to rank Massachusetts CRE lenders?
BestCRE uses FDIC Call Reports, formally Reports of Condition and Income, schedule RC-C, to measure commercial real estate loan balances as of June 30, 2026. The FDIC Summary of Deposits 2026 supplies branch and deposit information for banks headquartered outside Massachusetts. The ranked table covers 25 Massachusetts headquartered banks and orders them by total CRE loans. Its category balances include construction and land, multifamily, owner occupied and investor nonfarm nonresidential loans. These regulatory reports describe portfolio balances and composition, not current loan quotes or approval standards.
Which Massachusetts bank has the largest reported CRE portfolio?
Rockland Trust Company ranks first with $10.4 billion in total CRE loans and holds national rank 49. Its portfolio includes $1.5 billion in construction and land loans, $2.2 billion in multifamily loans, $2.2 billion in owner occupied loans and $4.5 billion in investor nonfarm nonresidential loans. CRE accounts for 56.4% of its total loans, and its investor CRE to equity ratio is 2.10x. Its reported CRE balance increased +32.2% year over year. These figures establish portfolio scale and mix but do not indicate current terms or approval.
Which ranked Massachusetts banks reported declining CRE balances?
Several ranked institutions reported year over year declines as of June 30, 2026. TruNorth Bank in Easthampton recorded the largest listed decline at -11.2%, followed by State Street Bank and Trust Company at -10.2%. BayCoast Bank declined -3.9%, Cambridge Savings Bank declined -3.1%, The Cape Cod Five Cents Savings Bank declined -1.7% and Trunorth Bank in Peabody declined -0.3%. A falling balance shows a change in the reported portfolio. It does not, by itself, establish whether a bank is accepting or declining a particular type of new request.
What benchmark rates provide context for CRE financing in 2026?
As of Oct 26, 2026, the Prime rate was 7.00%, SOFR was 3.89%, the 5 year Treasury was 4.78%, the 10 year Treasury was 4.96% and Fed funds was 3.88%. These benchmarks provide market context, but they are not quoted loan rates from the banks in the ranking. A transaction’s actual pricing cannot be inferred from call report balances or benchmark rates alone. Borrowers need current proposals to compare financing costs and should confirm which benchmark, if any, applies to each proposed structure.
How large is the Massachusetts bank CRE market?
Massachusetts had 90 headquartered banks holding $80.9 billion in total CRE loans as of June 30, 2026. Their combined balance increased +20.0% year over year, and the top five held 44.9% of state headquartered bank CRE loans. For broader context, all 4,167 banks in the national comparison held $3.07 trillion in total CRE loans. The 25 institutions displayed in the Massachusetts ranking account for $63.2 billion. These totals describe bank reported portfolios and exclude debt funds, life companies, CMBS, agency and SBA lenders.
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BestCRE rankings are editorially independent and built only from public regulatory filings; no bank pays for placement. Call report figures describe loans held on each bank’s balance sheet and do not show loan terms, rates or current appetite. BestCRE is not a lender and does not make loans. Benchmark rates are informational, not quotes. See our Legal Disclaimer and Compensation Disclosure.