Market Intelligence

Belknap County, NH

Banking market profile · FDIC Summary of Deposits, June 30, 2025

Belknap County, New Hampshire, a core county of the Boston-Worcester-Providence, MA-RI-NH market, holds $2.6B in deposits across 7 insured institutions and 20 branches. Bank of New Hampshire is the largest deposit holder at 32.9% share. The top three institutions hold 77.1% of deposits, which places the county in the concentrated band. Deposits have grown 43.9% since 2020 while the branch count fell by 1. It produces $3.3B of output, ranking #731 of the 1,523 counties within a CSA or MSA by economic output.

2024 Real GDP
$3.3B
#731 of 1,523
Total Deposits
$2.6B
#550 of 1,523
Population
65,147
#801 of 1,523
GDP per Capita
$50,869
#560 of 1,523
Insured Institutions
7
#927 of 1,523
Deposits per Branch
$132M
#278 of 1,523
Deposits per Capita
$40,562
#176 of 1,523
Branches per 100k Pop.
30.7
#462 of 1,523
Median Institution Size
$213M
Median deposits of the institutions operating in the county. #305 of 1,523. A smaller figure signals a market served mainly by community-scale banks.
Community & Regional Bank Share
74.4%
of market deposits held by banks with $100M to $50B in assets. #597 of 1,523. A higher share points to a market where small to mid-size institutions, the kind that compete on relationships and local decision-making, hold more ground.
Top-3 Deposit Share: concentrated
77.1%
The combined deposit share of the three largest institutions in the county. A lower share means deposits are spread across more institutions.

Deposit trend

Total county deposits, 2020 to 2025+43.9% over 5 years
$1.8B
2020
$2.1B
2021
$2.2B
2022
$2.3B
2023
$2.3B
2024
$2.6B
2025

Branches: 21 in 2020 to 20 in 2025. Institutions: 7 to 7. Top-three share: 74.9% to 77.1%.

Leading institutions by deposits

InstitutionDepositsShareBranches5‑yr
Bank of New Hampshire$870M32.9%4+27%
Meredith Village Savings Bank$705M26.7%5+65%
TD Bank, National Association$463M17.5%3+75%
Citizens Bank, National Association$213M8.1%2+27%
Franklin Savings Bank$163M6.2%2+38%
The Camden National Bank$151M5.7%3no 2020 presence
Profile Bank$76M2.9%1+104%

The 7 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 competitive growth; “no 2020 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year.

Part of the Boston-Worcester-Providence market

Belknap County is one of 18 counties that make up the Boston-Worcester-Providence, MA-RI-NH market, a Combined Statistical Area (ranked #6 of 293 U.S. markets by economic output). It produces 0.5% of the market’s output and holds 0.4% of its deposits.

MeasureBelknap CountyShare of Boston-Worcester-Providence market
2024 GDP$3.3B0.5%
Deposits$2.6B0.4%
Population65,1470.8%

View the full Boston-Worcester-Providence market profile →

Recruiting in Belknap 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 Belknap County, on a retained basis.

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