Bank · FDIC insured
Bay State Bank
A $580.3M bank headquartered in Worcester, MA, with 7 branches in Massachusetts. Best rates: CDs 4.05% and savings 0.20% APY.
Bay State Bank Carrot Score
70
Carrot Score
Higher than 25% of U.S. banks and credit unions
#31 of 41 in Worcester, MA metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Bay State Bank
Founded in 1895, Bay State Bank is headquartered in Worcester, Massachusetts.
In 2025, Bay State Savings Bank rebranded to Bay State Bank.
- Headquarters
- 28 Franklin St, Worcester, MA 01608
- FDIC certificate
- 90311 ↗
Branches
7 branches in Massachusetts
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Massachusetts
7 branches
- Bay State Savings BankMain office28 Franklin St, Worcester, MA 01608Directions
- Minuteman Plaza Branch123 Auburn St, Auburn, MA 01501Directions
- Holden Branch628 Main St, Holden, MA 01520Directions
- Shrewsbury Branch50 Boston Tpke, Shrewsbury, MA 01545Directions
- Burncoat Street Branch374 Burncoat St, Worcester, MA 01606Directions
- Grafton Street Branch799 Grafton Streeet, Worcester, MA 01608Directions
- Mill Street Branch275 Mill St, Worcester, MA 01602Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 8.82% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.47% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.51% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $95 | $81 | — |
- CapitalLeverage ratio8.82%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.47%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.51%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$95Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Bay State Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.