Pick the right size of Massachusetts banks

Often smaller local banks in Massachusetts offer a better level of personalized service to its customers. They are small enough to know their customers and anticipate their needs.

I recommend: Massachusetts local banks such as Boston Private Bank & Trust Company offer commercial and industrial lending plus a wide variety of online services that include online banking for business and online investment management. Citizens Bank of Massachusetts offers small business solutions and Business Green Checking which is a free business checking account targeted at customers with less than 200 transactions per month.

Match your business size to Massachusetts banking

Many Massachusetts commercial banks do business in other states. If you do business out of state often, or if you have other locations in other states, this may be the best choice for you.

I recommend: Work with Bank of America. This institution offers both small business solutions and corporate banking in Massachusetts. They have branches nationwide so that you are never too far from your banking home.

Choose a Massachusetts bank that puts service first

Whether your main service need now is online banking or payroll services, it is best to insure that the Massachusetts bank that you choose offers a wide variety. As your business grows so will you need for a wide variety of services.

I recommend: Search a comprehensive database for a Massachusetts bank that services your area and the area in which your business plans to expand. Eastern Bank offers a wide variety of locations plus 24 hour banking, business deposit services, credit cards, lending, investment services and insurance.