Dean Bank Named a 2025 Top 500 Bank in the US by Newsweek

Dean Bank announces that it was recently named a Top 500 Bank in the United States for 2025. The list, published annually and created by Newsweek, is based on a combination of criteria. These include credit quality and profitability analysis and a review press coverage over the past 2 years as well as positive /negative feedback measurement from a mix of survey responses, social media posts and Google/Apple Store reviews. The 2025 list includes Dean Bank and 39 other Massachusetts banks. Dean was one of just 25 to achieve a 5-Star rating; the highest possible.

Dean Bank President and CEO Kevin Goffe stated: “We strive to deliver a mix of products and services the modern banking customer needs combined with a level of customer service not commonly found today at other banks. That can be challenging at times. Our staff accomplishes it daily with professionalism and a genuine commitment to our customers. I am not at all surprised that our employees’ efforts contributed to the achievement of this recognition. I’m grateful to our customers and our employees equally. Goffe added: “Consistent positive customer feedback combined with the delivery of financial products and services our customers need and want resulted in recognition from a respected national publication. For this I am pleased and proud to be included among my Massachusetts community banking peers.”

The recognition coincides with a period in which the bank has been encouraging its customers to refer new customers to the bank. Goffe stated that he hopes this recognition will be the catalyst for more consumers and local small businesses to experience the “Dean Bank difference”. “Our best source of new business is via customer referral. If this recognition convinces just one new consumer or business who’s been considering us to open an account or apply for a loan with Dean it will be the icing on the cake.”

Dean Bank, founded in 1889, is a Massachusetts state-chartered, mutually owned institution with assets approaching $500 million. The bank has offices located in Franklin, Blackstone, Bellingham, and Mendon. Customers’ deposits are ensured in full regardless of amount at Dean Bank as they are a member of both FDIC and DIF.