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Bankular
Local banking directory

Banks and Bank Branches in Somerville, Massachusetts

The FDIC reported 18 deposit-reporting offices from 11 institutions in Somerville as of June 30, 2025. Bankular currently provides 20 detailed location pages with addresses, maps and directions.

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FDIC-reported offices18
Institutions reporting11
Detailed location pages20
Reported branch deposits$2.25B
SOD reporting dateJune 30, 2025

Reported-office totals come from the annual FDIC Summary of Deposits survey. Maps and branch-detail links appear only for locations with a validated Bankular location page.

Market analysis

What the deposit data shows

FDIC SOD, June 30, 2025
Largest institutionBank of America20.91% of deposits
Top three share51.43%
Deposit HHI1,299Lower concentration
Current detailed pages202 more than the June 2025 SOD count

Bank of America held 20.91% of reported branch deposits in Somerville. The three largest institutions together held 51.43%. Bankular places the resulting HHI of 1,299 in its lower concentration descriptive band.

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Detailed bank locations in Somerville

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Detailed directory

Institutions with validated location pages

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Location pages

Detailed bank locations in Somerville

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Cambridge Savings Bank

1 detailed location

East Cambridge Savings Bank

1 detailed location

Local deposit market

Reported offices, deposits and market share

FDIC SOD, June 30, 2025
InstitutionReported officesDepositsShare
Bank of America1$470.0M20.91%
Citizens Access3$458.7M20.41%
Winter Hill Bank, FSB2$227.1M10.10%
JPMorgan Chase Bank2$191.5M8.52%
Middlesex Federal Savings, F.A.2$188.0M8.36%
Rockland Trust Company2$176.1M7.83%
Eastern Bank1$166.2M7.39%
Santander Bank2$140.2M6.24%
East Cambridge Savings Bank1$130.1M5.79%
PNC Bank1$71.7M3.19%
Cambridge Savings Bank1$28.1M1.25%