Applications / Mortgage Analytics / Lenders / Massachusetts / Millbury National Bank
Millbury, MA · National bank · OCC · $139 million assets · 35 loans in 2025
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35
loans originated, 2025
62
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Millbury National Bank is a small Worcester-area bank whose 35 loans in 2025 were far larger than those of similar banks.
Its typical loan was $445,000, against $175,000 at similar lenders, national banks making between half and twice as many loans. That is larger than at about seven in eight of them. Every loan was conventional, as at most of its peers. With only 35 loans, the finer shares of its book rest on too few loans to read much into.
Purchases made up 71.4% of its loans and refinances 17.1%. Its loans rose 3%, from 34 to 35, while similar lenders slipped 2% and the whole market grew 10%.
It has lent in Worcester since 1990, the first year of the public data, and ranked 104 of 451 lenders there, with a share of 0.2%, the same as the year before. Rocket Mortgage led that market. The bank lends in just 6 counties across 2 states, mostly in Massachusetts, and has reached into Boston since 1999.
It reported 25 loans in 2018 and 38 in 2019, then filed no report from 2020 to 2022. Since 2020 a bank making fewer than 100 closed-end loans a year need not report, so those years are gaps in the record, not years without lending. Since it resumed in 2023 its volume has held steady, between 34 and 37 loans a year.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. Millbury National Bank took 62 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 71.4% · Refinance 17.1% · Home improvement 8.6% · Other 2.9%
Conventional 100.0% · of 35 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 | 34 | 97.1% |
| Connecticut | 1 | 2.9% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Worcester | 27 |
| Boston | 4 |
| Cambridge-Newton-Framingham | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300R4DYQY768S1R28 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 881900 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 113835 | 1990–2017 |
Established 15 November 1933. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Millbury National Bank's data.
Millbury National Bank's data
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Millbury National Bank 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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