Market Intelligence

Middlesex County, NJ

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

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 12.9%. It produces $70.0B of output, ranking #60 of the 1,523 ranked counties by economic output.

Economic scale
2024 Real GDP
$70.0B
#60 of 1,523
Population
883,335
#69 of 1,523
GDP per Capita
$79,273
#135 of 1,523
Deposit market
Total Deposits
$50.8B
#60 of 1,523
Deposits per Capita
$57,551
#67 of 1,523
Deposits per Branch
$234M
#74 of 1,523
Competitive structure
Insured Institutions
41
#36 of 1,523
Branches per 100k Pop.
24.6
#740 of 1,523
Median Deposits per Institution
$256M
The median deposits booked by a single institution in the county. #214 of 1,523. A lower figure means institutions typically hold smaller deposit positions here; it reflects local deposit presence, not an institution’s overall size. See Community & Regional Bank Share for institution scale.
Community & Regional Bank Share
25.5%
of county deposits held by banks with $100M to $50B in assets. #1,300 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: moderately concentrated
48.7%
The combined deposit share of the three largest institutions in the county. A lower share means deposits are spread across more institutions.

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

Total county deposits (nominal), 2020 to 2025+12.1% over 5 years
$45.4B
2020
$50.1B
2021
$53.7B
2022
$50.5B
2023
$48.2B
2024
$50.8B
2025

Branches: 249 in 2020 to 217 in 2025. Institutions: 40 to 41. Top-three share: 52.7% to 48.7%.

Institutions by deposits

InstitutionDepositsShareBranches5‑yr
PNC Bank$15.1B29.7%15+2%
Bank of America$5.5B10.7%18+10%
Wells Fargo Bank$4.2B8.3%190%
Provident Bank$3.9B7.8%23+55%
TD Bank$3.8B7.5%13+20%
JPMorgan Chase Bank$3.7B7.4%16+36%
Amboy Bank$1.9B3.8%13+11%
Capital One$1.9B3.7%2-6%
Santander Bank$1.7B3.3%13+23%
Bessemer Trust Company$1.6B3.1%1+82%
Columbia Bank$1.0B2.0%9+42%
Citizens Bank$864M1.7%12-18%
Magyar Bank$706M1.4%5+27%
Valley National Bank$611M1.2%7+57%
Northfield Bank$593M1.2%4-4%
BCB Community Bank$467M0.9%4+1%
Flagstar Bank$421M0.8%6+68%
Unity Bank$332M0.7%4+33%
Manasquan Bank$320M0.6%1+29%
Cathay Bank$269M0.5%1no 2020 presence
United Roosevelt Savings Bank$256M0.5%2+94%
Kearny Bank$229M0.5%3-16%
Habib American Bank$172M0.3%1+30%
Mid Penn Bank$148M0.3%2no 2020 presence
Manufacturers and Traders Trust Company$139M0.3%3-6%
Fulton Bank$131M0.3%2+8%
CTBC Bank Corp. (USA)$119M0.2%1+27%
First Bank$108M0.2%1+69%
The Bank of Princeton$100M0.2%3-26%
New Millennium Bank$97M0.2%1+1%
Spencer Savings Bank, SLA$72M0.1%1no 2020 presence
Peoples Security Bank and Trust Company$67M0.1%1no 2020 presence
Somerset Regal Bank$65M0.1%1-10%
Popular Bank$53M0.1%1+22%
OceanFirst Bank$36M0.1%2-48%
Apple Bank$35M0.1%1no 2020 presence
Royal Business Bank$34M0.1%1no 2020 presence
Abacus Federal Savings Bank$17M0.0%1-16%
Blue Foundry Bank$17M0.0%1no 2020 presence
Crown Bank$12M0.0%1+100%
Wilmington Trust$0M0.0%1no 2020 presence

The 41 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. “No 2020 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 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.

MeasureMiddlesex CountyShare of parent market
2024 GDP$70.0B3.3%
Deposits$50.8B1.8%
Population883,3353.9%

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.

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