2021 Top community-investing banks in Boston, MA, according to public data
Below are the top 5 banks for community investment in Boston, MA metro area, according to public data. As a share of total assets, these banks invest the most into the community (via loans for business, housing, farms, households, and construction, and public works loans and securities). This ranking, powered by federal regulatory data, considers any bank that has 50% or more of deposits based in the Boston-Cambridge-Newton, MA-NH metro area.*
Click through to bank profiles and bank websites to see where deposits are invested and learn if the bank offers free checking, high-yield accounts, mobile deposits, and more.
Top community-investing banks in the Boston, MA metro area, 2021
First Seacoast Bank
93% of assets are invested into the community
100% of money is based in the Boston-Cambridge-Newton, MA-NH metro area
Bank of New England
92% of assets are invested into the community
84% of money is based in the Boston-Cambridge-Newton, MA-NH metro area
Cooperative Bank
89% of assets are invested into the community
100% of money is based in the Boston-Cambridge-Newton, MA-NH metro area
Hingham Institution For Savings
88% of assets are invested into the community
96% of money is based in the Boston-Cambridge-Newton, MA-NH metro area
Brookline Bank
86% of assets are invested into the community
100% of money is based in the Boston-Cambridge-Newton, MA-NH metro area
See all banks in the Boston metro area focused on financing communities
To compare banks by different social or environmental impact factors, like whether the bank invests in low-income communities, is Black-owned, or is fossil fuel free, browse the database of all banks in the U.S.
Featured Banks For Residents of Massachusetts
*Community financing consists of: business loans; housing loans; farm loans; construction loans; household loans; public works loans and securities. Banks are ranked in descending order of community financing as a percentage of total assets. Community financing data source: FFIEC Call Report, Q4 2020. This analysis includes any bank that has more than 50% of deposits based in the Boston-Cambridge-Newton, MA-NH metro area, as of the 2020 FDIC Summary of Deposits Survey. To learn more about the data and methodology, see our FAQ.