Applications / Mortgage Analytics / Lenders / Massachusetts / PeoplesBank
Holyoke, MA · Savings institution · FDIC · $4.5 billion assets · 811 loans in 2025
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811
loans originated, 2025
1,150
applications, 2025
7
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
PeoplesBank, a Holyoke savings institution, grew 9% in 2025 and ranks seventh in Springfield, with smaller loans and more lending to low- and moderate-income borrowers than similar lenders.
Originations rose 9% to 811, against 5% for the typical similar lender (savings institutions making between half and twice as many loans) and 10% for the whole market. Its typical loan was $155,000, against $235,000, smaller than at about four in five peers; home improvement was 28.1% of its loans, beside 42.5% purchases. It also bought 65 loans, where the typical peer bought none.
In Springfield it ranks 7 of 322 lenders, with 3.4% of the dollars against 3.3%. In Amherst Town-Northampton it ranks 4 of 199, but its share fell from 7.3% to 4.0%, behind Florence Bank, Greenfield Savings Bank and Greenfield Co-Operative Bank. Possible reasons are its slightly lower dollar volume overall and a small market where a few loans move the share. Its Hartford share also fell, from 1.4% to 1.0%.
29.7% of its loans went to low- and moderate-income (LMI) borrowers, against 24.1% for peers, higher than about two-thirds, and up from 21.9% five years earlier. 12.0% were in majority-minority tracts, against 7.3%.
Its typical rate, 6.25%, was lower than at nearly nine in ten peers, and none of its loans was higher-priced (a rate well above the average for similar loans), against 0.2% at peers. All its loans were conventional.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. PeoplesBank took 1,150 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 42.5% · Home improvement 28.1% · Refinance 23.2% · Other 6.2%
Conventional 100.0% · of 811 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Massachusetts | 571 | 70.4% |
| Connecticut | 229 | 28.2% |
| Rhode Island | 6 | 0.7% |
| Maine | 2 | 0.2% |
| New Hampshire | 1 | 0.1% |
| New Jersey | 1 | 0.1% |
| Pennsylvania | 1 | 0.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Springfield | 364 |
| Hartford-West Hartford-East Hartford | 178 |
| Amherst Town-Northampton | 132 |
| New Haven | 35 |
| Cambridge-Newton-Framingham | 22 |
| Worcester | 18 |
| Boston | 14 |
| Providence-Warwick | 7 |
| Barnstable Town | 5 |
| Bridgeport-Stamford-Danbury | 5 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300IYKILIU506KA05 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 613400 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 390213 | 1992–2017 |
Established 17 March 1885. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: PeoplesBank's data.
PeoplesBank's data
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PeoplesBank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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