These banks all reported apartment loans on their most recent federal call report, and all have at least one branch in Massachusetts. Banks are the most common source of multifamily financing — five units and up, stabilised or value-add — and most lend close to their branches, so a lender with offices near your building is usually a better first call than a bigger name without them. Expect a bank to want recourse and, usually, a banking relationship; the capital guide compares the alternatives.
Banks Based in Massachusetts, Largest Multifamily Books First
25 of 81 qualifying banks are headquartered in Massachusetts. These are the lenders whose whole business is this market.
| # | Institution | Multifamily book | Share of investor CRE | Branches in MA | Contact |
|---|---|---|---|---|---|
| 1 | Eastern Bank | $3.53bn | 42.6% | 113 | Contact available |
| 2 | Beacon Bank and Trust | $2.24bn | 28.7% | 70 | Contact available |
| 3 | Rockland Trust | $2.17bn | 26.5% | 143 | Contact available |
| 4 | Hingham Institution for Savings (Hingham, MA) | $1.56bn | 55.2% | 8 | Contact available |
| 5 | State Street Bank and Trust Company | $987m | 43.1% | 1 | Contact available |
| 6 | Leader Bank, National Association | $596m | 42.1% | 8 | Contact available |
| 7 | Cambridge Savings Bank | $567m | 21.6% | 21 | Contact available |
| 8 | Needham Bank | $567m | 21.6% | 17 | Contact available |
| 9 | Everett Co-operative Bank | $417m | 52.1% | 3 | Contact available |
| 10 | OneUnited Bank | $399m | 100.0% | 2 | Contact available |
| 11 | Peoples Bank (MA) | $385m | 31.5% | 14 | Contact available |
| 12 | Salem Five Cents Savings Bank | $372m | 15.0% | 34 | Contact available |
| 13 | The Lowell Five Cent Savings Bank | $291m | 33.9% | 14 | Contact available |
| 14 | BayCoast Bank | $291m | 36.6% | 19 | Contact available |
| 15 | Bristol County Savings Bank | $224m | 27.1% | 14 | Contact available |
| 16 | Winchester Savings Bank | $213m | 53.2% | 6 | Contact available |
| 17 | Middlesex Savings Bank | $199m | 11.9% | 35 | Contact available |
| 18 | OneLocal Bank | $199m | 42.9% | 4 | Contact available |
| 19 | Country Bank | $197m | 20.4% | 16 | Contact available |
| 20 | Dedham Institution for Savings | $186m | 23.6% | 15 | Contact available |
| 21 | East Cambridge Savings Bank | $183m | 42.3% | 12 | Contact available |
| 22 | Greenfield Savings Bank | $179m | 54.5% | 9 | Contact available |
| 23 | Westfield Bank | $164m | 18.7% | 23 | Contact available |
| 24 | South Shore Bank | $152m | 20.1% | 13 | Contact available |
| 25 | Bluestone Bank | $134m | 30.0% | 11 | Contact available |
National Lenders With Branches in Massachusetts
25 of 30 qualifying banks are headquartered elsewhere but have offices here. The multifamily figure is their national book, so read it alongside the branch count — a large book behind a handful of local offices is a different proposition from a bank with a branch network in the state.
| # | Institution | Multifamily book | Share of investor CRE | Branches in MA | Contact |
|---|---|---|---|---|---|
| 1 | JPMorgan Chase Bank, National Association | $107.32bn | 64.9% | 99 | Contact available |
| 2 | Wells Fargo | $26.55bn | 25.6% | 1 | Contact available |
| 3 | PNC Real Estate | $14.98bn | 40.8% | 10 | Contact available |
| 4 | Santander Bank | $9.37bn | 57.9% | 130 | Contact available |
| 5 | Bank of America | $8.46bn | 15.3% | 146 | Contact available |
| 6 | Citizens Bank | $8.04bn | 35.0% | 179 | Contact available |
| 7 | M&T Bank | $7.12bn | 29.5% | 62 | Contact available |
| 8 | TD Bank | $6.71bn | 28.5% | 114 | Contact available |
| 9 | KeyBank | $5.44bn | 38.5% | 7 | Contact available |
| 10 | East West Bank | $4.61bn | 25.1% | 2 | Contact available |
| 11 | First Citizens Bank | $2.97bn | 13.5% | 5 | Contact available |
| 12 | Customers Bank | $2.66bn | 58.3% | 1 | Contact available |
| 13 | Cathay Bank | $2.59bn | 32.6% | 1 | Contact available |
| 14 | Goldman Sachs Bank USA | $2.24bn | 16.7% | 1 | Contact available |
| 15 | The Bank of New York Mellon | $1.55bn | 32.3% | 1 | Contact available |
| 16 | NBT Bank, National Association | $1.50bn | 40.5% | 7 | Contact available |
| 17 | The Northern Trust Company | $1.49bn | 27.6% | 1 | Contact available |
| 18 | Liberty Bank (CT) | $1.49bn | 44.2% | 1 | Contact available |
| 19 | Community Bank, National Association (Canton, NY) | $952m | 33.4% | 2 | Contact available |
| 20 | Institution for Savings in Newburyport and Its Vicinity | $346m | 38.4% | 13 | Contact available |
| 21 | NorthEast Community Bank | $327m | 18.5% | 3 | Contact available |
| 22 | Safra National Bank of New York | $202m | 18.1% | 1 | Contact available |
| 23 | Cornerstone Bank | $123m | 20.5% | 17 | Contact available |
| 24 | BNY Mellon, National Association | $109m | 14.0% | 1 | Contact available |
| 25 | Mechanics Cooperative Bank | $79m | 21.9% | 10 | Contact available |
What this list is, and what it leaves out
A reported balance is not a credit box. Every bank here held apartment loans on 30 June 2026. That is evidence they lend on multifamily — better evidence than a marketing page, because it is what they actually hold — but it is not a commitment to lend on your deal, at your size, in your submarket.
More lenders exist than this page lists. 111 banks qualified in Massachusetts. Credit unions, debt funds, agency lenders and life companies also finance apartments and none of them file this report, and plenty of banks lend on multifamily without publishing criteria anywhere. Running your deal through the search covers all of them, not just the banks on this page.
We hold a named lending contact for 111 of them.
Sources. FDIC Call Reports (30 June 2026) and the FDIC Summary of Deposits. A bank appears here if it reported a multifamily balance of $5m or more, or multifamily at 5% or more of its commercial real estate book, and has at least one branch in Massachusetts. The dual test is deliberate: a flat dollar floor is a bank-size filter in disguise — a $25m floor passes 86.5% of banks over $10bn and 2.2% of banks under $300m — and would drop the community lenders most likely to look at a smaller apartment deal. Multifamily is the call report's own category for loans secured by five-or-more-unit residential property; it excludes one-to-four-unit rentals, which banks report separately. Multifamily book is institution-level and unprorated: no state split of the loan book is published, so a bank lending in several states shows its full multifamily book on every state page where it qualifies. That is why this page separates banks based in Massachusetts from national lenders with branches here, rather than ranking them against each other on a national figure. Branch counts are offices in Massachusetts from the Summary of Deposits. Contact availability refers to whether Lender Compass holds a named contact, not to anything the bank publishes.