Chemung County, New York, a core county of the Elmira-Corning, NY market, holds $1.4B in deposits across 6 insured institutions and 16 branches. Chemung Canal Trust Company is the largest deposit holder at 64.6% share. The top three institutions hold 97.4% of deposits, which places the county in the concentrated band. Deposits have grown 7.1% since 2020 while the branch count fell by 4. It produces $3.7B of output, ranking #706 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 20 in 2020 to 16 in 2025. Institutions: 7 to 6. Top-three share: 91.6% to 97.4%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Chemung Canal Trust Company | $922M | 64.6% | +27% |
| Community Bank, National Association | $296M | 20.7% | +280% |
| Five Star Bank | $173M | 12.1% | +1% |
| Manufacturers and Traders Trust Company | $32M | 2.2% | +12% |
| Tioga State Bank National Association | $4M | 0.2% | -13% |
| Woodforest National Bank | $2M | 0.2% | +5% |
The 6 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 Elmira-Corning market
Chemung County is one of 2 counties that make up the Elmira-Corning, NY market, a Combined Statistical Area (ranked #213 of 293 U.S. markets by economic output). It produces 43.9% of the market’s output and holds 48.9% of its deposits.
| Measure | Chemung County | Share of Elmira-Corning market |
|---|---|---|
| 2024 GDP | $3.7B | 43.9% |
| Deposits | $1.4B | 48.9% |
| Population | 80,415 | 46.7% |
See the Elmira-Corning market in Market Intelligence →
Recruiting in Chemung 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 Chemung County, on a retained basis.
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