Applications / Mortgage Analytics / Lenders / Massachusetts / Webster Five Cents Savings Bank
Webster, MA · Savings institution · FDIC · $1.3 billion assets · 214 loans in 2025
Webster Five Cents Savings Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
214
loans originated, 2025
321
applications, 2025
7
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Webster Five Cents Savings Bank nearly doubled its mortgage lending in 2025, growing faster than almost any similar savings institution, though it remains far below its 2020 volume.
Its loans rose 91%, from 112 to 214, while similar lenders (savings institutions making between half and twice as many loans) grew 7%. Only a few of them grew faster. The rebound followed four years of decline, from 737 loans in 2020 to 112 in 2024.
Purchases made up 34.6% of its loans, refinancing 27.1% and home improvement 26.6%. Its typical loan, $200,000, was smaller than the $235,000 at similar lenders. Every loan was conventional, and it made no loans on manufactured homes.
Some 32.7% of its borrowers had low or moderate incomes (LMI), against 24.2% at similar lenders, more than at over eight in ten of them. Yet only 7.5% of its loans were in LMI neighborhoods, against 15.9%, which puts it in about the lowest tenth. That may simply reflect where its existing customers live: home-improvement and refinance loans, over half its lending, go to owners in the homes they already have.
It ranks 44 of 451 lenders in the Worcester metro, its largest market, where its share rose from 0.5% to 0.6%. Rocket Mortgage leads that market.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Webster Five Cents Savings Bank took 321 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 34.6% · Refinance 27.1% · Home improvement 26.6% · Other 11.7%
Conventional 100.0% · of 214 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 | 183 | 85.5% |
| Connecticut | 23 | 10.7% |
| Rhode Island | 3 | 1.4% |
| New York | 2 | 0.9% |
| Louisiana | 1 | 0.5% |
| Maine | 1 | 0.5% |
| Vermont | 1 | 0.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Worcester | 183 |
| Cambridge-Newton-Framingham | 10 |
| Barnstable Town | 5 |
| Boston | 4 |
| Providence-Warwick | 4 |
| Rochester | 2 |
| Springfield | 2 |
| Baton Rouge | 1 |
| Hartford-West Hartford-East Hartford | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300YOEBGKPKU43Q28 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 765505 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 390297 | 1992–2017 |
Established 15 March 1868. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Webster Five Cents Savings Bank's data.
Webster Five Cents Savings Bank's data
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Webster Five Cents Savings 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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