Albany County, New York, a core county of the Albany-Schenectady, NY market, holds $17.6B in deposits across 17 insured institutions and 102 branches. KeyBank is the largest deposit holder at 43.5% share. The top three banks hold 64% of deposits, which places the county in the Concentrated band. Deposits have fallen 5.7% since 2021 while the branch count fell by 9.7%. It produced $36.7B of real gross domestic product in 2024, ranking #129 of the 1,523 ranked counties by economic output.
Ranks show where the county stands among the 1,523 ranked counties (those within a Combined or Metropolitan Statistical Area that have a branch). They describe relative position, not a rating of market quality or suitability.
Deposit trend
Branches: 113 in 2021 to 102 in 2026. Institutions: 21 to 17. Top-three share: 68% to 64%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| KeyBank | $7.7B | 43.5% | -11% |
| Manufacturers and Traders Trust Company | $2.2B | 12.6% | -7% |
| Citizens Bank | $1.4B | 7.9% | -11% |
| Bank of America | $1.4B | 7.8% | -20% |
| TrustCo Bank | $1.3B | 7.2% | +6% |
| Pioneer Bank | $1.0B | 5.8% | +2% |
| TD Bank | $565M | 3.2% | +14% |
| NBT Bank | $409M | 2.3% | +15% |
| Beacon Bank and Trust | $350M | 2.0% | -18% |
| Chemung Canal Trust Company | $344M | 1.9% | +8% |
| JPMorgan Chase Bank | $292M | 1.7% | +456% |
| The Bank of Greene County | $230M | 1.3% | +88% |
| Ballston Spa National Bank | $168M | 1.0% | +15% |
| Community Bank | $131M | 0.7% | +44% |
| First National Bank of Scotia | $96M | 0.5% | -1% |
| Arrow Bank | $94M | 0.5% | +28% |
| Rhinebeck Bank | $0M | 0.0% | no 2021 presence |
The 17 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, June 30, 2026. Five-year change compares the same institution’s county deposits in 2021 and 2026. Institutions are tracked by FDIC certificate number, and where an institution acquired another bank, the acquired bank’s prior deposits are folded into the baseline so the change reflects the combined, continuing franchise rather than reading as new. “No 2021 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year. Deposit figures are nominal and are not adjusted for inflation.
Part of the Albany-Schenectady market
Albany County is one of 10 counties that make up the Albany-Schenectady, NY market, a Combined Statistical Area (ranked #43 of 293 U.S. markets by economic output). It produces 42.2% of the market’s output and holds 45.5% of its deposits.
| Measure | Albany County | Share of parent market |
|---|---|---|
| 2024 GDP | $36.7B | 42.2% |
| Deposits | $17.6B | 45.5% |
| Population | 321,225 | 26.7% |
View the full Albany-Schenectady market profile →
Recruiting in Albany County
Deposits are held closely by the largest banks, which often means the bankers worth recruiting are inside a small number of institutions. Who holds the deposits, and how contested the market is, shapes both the runway for growth and the competition you would be recruiting against. We recruit commercial relationship managers, banking teams, and market leaders for banks building in markets like Albany County.
See how we help banks recruit commercial banking talent