Monmouth County, New Jersey, a core county of the New York-Newark, NY-NJ-CT-PA market, holds $30.6B in deposits across 23 insured institutions and 181 branches. TD Bank is the largest deposit holder at 14.1% share. The top three banks hold 38% of deposits, which places the county in the Fragmented band. Deposits have fallen 5.1% since 2021 while the branch count fell by 18.1%. It produced $42.0B of real gross domestic product in 2024, ranking #112 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: 221 in 2021 to 181 in 2026. Institutions: 23 to 23. Top-three share: 43% to 38%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| TD Bank | $4.3B | 14.1% | -7% |
| Bank of America | $3.8B | 12.5% | -15% |
| Wells Fargo Bank | $3.5B | 11.5% | -26% |
| JPMorgan Chase Bank | $3.5B | 11.4% | +21% |
| Santander Bank | $3.1B | 10.1% | -4% |
| PNC Bank | $2.0B | 6.7% | -9% |
| OceanFirst Bank | $1.9B | 6.3% | +13% |
| Manasquan Bank | $1.9B | 6.3% | +47% |
| Valley National Bank | $1.2B | 3.8% | +27% |
| Provident Bank | $1.1B | 3.5% | +10% |
| Citizens Bank | $863M | 2.8% | -56% |
| Kearny Bank | $808M | 2.6% | -2% |
| Columbia Bank | $534M | 1.7% | +6% |
| Flagstar Bank | $474M | 1.5% | +29% |
| Amboy Bank | $390M | 1.3% | -3% |
| Manufacturers and Traders Trust Company | $315M | 1.0% | -19% |
| Fulton Bank | $231M | 0.8% | +20% |
| First Commerce Bank | $227M | 0.7% | +14% |
| ConnectOne Bank | $179M | 0.6% | +65% |
| BCB Community Bank | $96M | 0.3% | +14% |
| Mid Penn Bank | $68M | 0.2% | -25% |
| First Bank | $24M | 0.1% | no 2021 presence |
| Hanover Community Bank | $22M | 0.1% | no 2021 presence |
The 23 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, June 30, 2026. Five-year change compares the same institution’s county deposits in 2021 and 2026. 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 2021 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
Monmouth 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 2.0% of the market’s output and holds 1.0% of its deposits.
| Measure | Monmouth County | Share of parent market |
|---|---|---|
| 2024 GDP | $42.0B | 2.0% |
| Deposits | $30.6B | 1.0% |
| Population | 651,035 | 2.9% |
View the full New York-Newark market profile →
Recruiting in Monmouth County
Deposits are spread across a competitive field of institutions, so the bankers worth recruiting are dispersed across more of them. 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 Monmouth County.
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