Lower Connecticut River Valley Planning Region, Connecticut, a core county of the New Haven-Hartford-Waterbury, CT market, holds $5.8B in deposits across 10 insured institutions and 46 branches. Liberty Bank is the largest deposit holder at 47.1% share. The top three institutions hold 69.7% of deposits, which places the county in the concentrated band. Deposits have grown 6.4% since 2023 while the branch count fell by 2.1%. It produces $12.9B of output, ranking #307 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: 47 in 2023 to 46 in 2025. Institutions: 10 to 10. Top-three share: 68.4% to 69.7%. Connecticut recoded its counties to planning regions in the FDIC data in 2023, so this county’s continuous trend begins in 2023.
Institutions by deposits
| Institution | Deposits | Share | vs 2023 |
|---|---|---|---|
| Liberty Bank | $2.7B | 47.1% | +12% |
| Citizens Bank | $845M | 14.5% | +8% |
| Bank of America | $475M | 8.2% | -9% |
| Webster Bank | $436M | 7.5% | +14% |
| Essex Savings Bank | $369M | 6.3% | -3% |
| TD Bank | $312M | 5.4% | 0% |
| Manufacturers and Traders Trust Company | $190M | 3.3% | -13% |
| KeyBank | $179M | 3.1% | +5% |
| Wells Fargo Bank | $175M | 3.0% | -4% |
| The Guilford Savings Bank | $101M | 1.7% | +18% |
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 2023 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. “No 2023 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 New Haven-Hartford-Waterbury market
Lower Connecticut River Valley Planning Region is one of 7 counties that make up the New Haven-Hartford-Waterbury, CT market, a Combined Statistical Area (ranked #25 of 293 U.S. markets by economic output). It produces 6.5% of the market’s output and holds 5.7% of its deposits.
| Measure | Lower Connecticut River Valley Planning Region | Share of parent market |
|---|---|---|
| 2024 GDP | $12.9B | 6.5% |
| Deposits | $5.8B | 5.7% |
| Population | 177,311 | 6.5% |
View the full New Haven-Hartford-Waterbury market profile →
Recruiting in Lower Connecticut River Valley Planning Region
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 Lower Connecticut River Valley Planning Region.
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