Safest Banks in Massachusetts 2026
Massachusetts has 97 FDIC-insured banks with an average Bank Health Score of 68/100 (B). The safest bank is Boston Trust Walden Co with a score of 96/100.
Data from FDIC Q2 2024
Top 20 of 97 Banks in Massachusetts
| # | Bank | City | Grade | Score | Tier 1 Capital | NPL Ratio |
|---|---|---|---|---|---|---|
| 1 | Boston Trust Walden Co | Boston | A | 96 | 59.06% | 0.00% |
| 2 | North Cambridge Coop Bank | Cambridge | A | 96 | 59.82% | 0.00% |
| 3 | Athol Savings Bank | Athol | A | 96 | 16.55% | 0.10% |
| 4 | Middlesex Savings Bank | Natick | A | 93 | 16.62% | 0.09% |
| 5 | Colonial FSB | Quincy | A | 92 | 32.93% | 0.00% |
| 6 | South Shore Bank | South Weymouth | A | 90 | 14.27% | 0.19% |
| 7 | Eastern Bank | Boston | A | 89 | 17.78% | 0.28% |
| 8 | Bank of Canton | Canton | A | 89 | 20.94% | 0.20% |
| 9 | Cape Ann Savings Bank | Gloucester | A | 89 | 27.01% | 0.44% |
| 10 | Canton Coop Bank | Canton | A | 87 | 24.04% | 0.99% |
| 11 | Winter Hill Bank FSB | Somerville | A | 87 | 15.54% | 0.00% |
| 12 | Unibank for Savings | Whitinsville | A | 86 | 13.11% | 0.21% |
| 13 | Haverhill Bank | Haverhill | A | 84 | 13.76% | 0.06% |
| 14 | Dean Coop Bank | Franklin | A | 83 | 13.45% | 0.07% |
| 15 | Salem Five Cents Sb | Salem | A | 82 | 13.66% | 0.21% |
| 16 | Bristol County Savings Bank | Taunton | A | 82 | 17.80% | 0.67% |
| 17 | Leader Bank National Assn | Arlington | A | 82 | 18.01% | 0.03% |
| 18 | Institution Svg Newburyport& | Newburyport | A | 82 | 15.29% | 0.03% |
| 19 | Pittsfield Coop Bank | Pittsfield | A | 81 | 22.96% | 0.55% |
| 20 | North Shore Bank A Coop Bank | Peabody | A | 81 | 16.66% | 0.33% |
Bank Health Scores for Massachusetts are calculated from FDIC Call Report data including Tier 1 capital ratios, nonperforming loan ratios, liquidity ratios, and return on assets.
Frequently Asked Questions
Based on our Bank Health Score analysis of FDIC data, Boston Trust Walden Co in Boston is currently the safest bank in Massachusetts with a score of 96/100 (Grade A).
Massachusetts has 97 FDIC-insured banks with a combined $209.2B in total assets. The average Bank Health Score across the state is 68/100.
The Bank Health Score (0-100) is based on four FDIC-reported metrics: Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%). Higher scores indicate stronger financial health.
Bank Health Scores are computed from quarterly FDIC Call Report data. Tier 1 capital ratio (35%), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).