Albany County, New York, a core county of the Albany-Schenectady, NY market, holds $17.0B in deposits across 18 insured institutions and 103 branches. KeyBank National Association is the largest deposit holder at 42.8% share. The top three institutions hold 65.2% of deposits, which places the county in the concentrated band. Deposits have fallen 22.6% since 2020 while the branch count fell by 9. It produces $36.7B of output, ranking #129 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 112 in 2020 to 103 in 2025. Institutions: 21 to 18. Top-three share: 75.1% to 65.2%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| KeyBank National Association | $7.3B | 42.8% | -37% |
| Manufacturers and Traders Trust Company | $2.4B | 13.9% | +41% |
| Bank of America, National Association | $1.4B | 8.5% | -8% |
| TrustCo Bank | $1.2B | 7.2% | +12% |
| Citizens Bank, National Association | $1.2B | 6.9% | -64% |
| Pioneer Bank, National Association | $801M | 4.7% | +53% |
| TD Bank, National Association | $583M | 3.4% | +19% |
| Berkshire Bank | $478M | 2.8% | +2% |
| NBT Bank, National Association | $366M | 2.1% | +11% |
| Chemung Canal Trust Company | $349M | 2.1% | +31% |
The 10 insured institutions with a branch presence in this county, as of June 30, 2025. Five-year change compares the same institution’s county deposits in 2020 and 2025. 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. Even so, a large gain can reflect acquisition rather than organic growth; “no 2020 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year.
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 44.5% of its deposits.
| Measure | Albany County | Share of Albany-Schenectady market |
|---|---|---|
| 2024 GDP | $36.7B | 42.2% |
| Deposits | $17.0B | 44.5% |
| 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, on a retained basis.
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