Chittenden County, Vermont, a core county of the Burlington-South Burlington-Barre, VT market, holds $7.1B in deposits across 13 insured institutions and 55 branches. Manufacturers and Traders Trust Company is the largest deposit holder at 32.1% share. The top three institutions hold 71.4% of deposits, which places the county in the concentrated band. Deposits have grown 30.6% since 2020 while the branch count rose by 3. It produces $13.2B of output, ranking #298 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 52 in 2020 to 55 in 2025. Institutions: 12 to 13. Top-three share: 72.6% to 71.4%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Manufacturers and Traders Trust Company | $2.3B | 32.1% | +42% |
| TD Bank, National Association | $1.9B | 27.3% | +23% |
| KeyBank National Association | $847M | 11.9% | +11% |
| Community Bank, National Association | $595M | 8.4% | -1% |
| Northfield Savings Bank | $374M | 5.2% | +26% |
| Citizens Bank, National Association | $334M | 4.7% | -2% |
| Bank of Burlington | $243M | 3.4% | no 2020 presence |
| Mascoma Bank | $149M | 2.1% | +331% |
| NBT Bank, National Association | $147M | 2.1% | -14% |
| JPMorgan Chase Bank, National Association | $104M | 1.5% | no 2020 presence |
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 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 Burlington-South Burlington-Barre market
Chittenden County is one of 4 counties that make up the Burlington-South Burlington-Barre, VT market, a Combined Statistical Area (ranked #138 of 293 U.S. markets by economic output). It produces 66.9% of the market’s output and holds 72.1% of its deposits.
| Measure | Chittenden County | Share of Burlington-South Burlington-Barre market |
|---|---|---|
| 2024 GDP | $13.2B | 66.9% |
| Deposits | $7.1B | 72.1% |
| Population | 169,115 | 58.8% |
View the full Burlington-South Burlington-Barre market profile →
Recruiting in Chittenden 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 Chittenden County, on a retained basis.
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