Middlesex County, New Jersey, a core county of the New York-Newark, NY-NJ-CT-PA market, holds $50.8B in deposits across 41 insured institutions and 217 branches. PNC Bank, National Association is the largest deposit holder at 29.7% share. The top three institutions hold 48.7% of deposits, which places the county in the moderately concentrated band. Deposits have grown 12.1% since 2020 while the branch count fell by 32. It produces $70.0B of output, ranking #60 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 249 in 2020 to 217 in 2025. Institutions: 40 to 41. Top-three share: 52.7% to 48.7%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| PNC Bank, National Association | $15.1B | 29.7% | +2% |
| Bank of America, National Association | $5.5B | 10.7% | +10% |
| Wells Fargo Bank, National Association | $4.2B | 8.3% | 0% |
| Provident Bank | $3.9B | 7.8% | +59% |
| TD Bank, National Association | $3.8B | 7.5% | +20% |
| JPMorgan Chase Bank, National Association | $3.7B | 7.4% | +36% |
| Amboy Bank | $1.9B | 3.8% | +11% |
| Capital One, National Association | $1.9B | 3.6% | -6% |
| Santander Bank, N.A. | $1.7B | 3.3% | +23% |
| Bessemer Trust Company | $1.6B | 3.1% | +82% |
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 New York-Newark market
Middlesex County is one of 30 counties that make up the New York-Newark, NY-NJ-CT-PA market, a Combined Statistical Area (ranked #1 of 293 U.S. markets by economic output). It produces 3.3% of the market’s output and holds 1.8% of its deposits.
| Measure | Middlesex County | Share of New York-Newark market |
|---|---|---|
| 2024 GDP | $70.0B | 3.3% |
| Deposits | $50.8B | 1.8% |
| Population | 883,335 | 3.9% |
View the full New York-Newark market profile →
Recruiting in Middlesex County
Deposits are split among a moderate 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 Middlesex County, on a retained basis.
Start a confidential conversation