Morris County, New Jersey, a core county of the New York-Newark, NY-NJ-CT-PA market, holds $27.3B in deposits across 29 insured institutions and 160 branches. JPMorgan Chase Bank, National Association is the largest deposit holder at 14.7% share. The top three institutions hold 41.6% of deposits, which places the county in the fragmented band. Deposits have fallen 0.5% since 2020 while the branch count fell by 39. It produces $60.7B of output, ranking #71 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 199 in 2020 to 160 in 2025. Institutions: 33 to 29. Top-three share: 40.1% to 41.6%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| JPMorgan Chase Bank, National Association | $4.0B | 14.7% | +12% |
| Bank of America, National Association | $4.0B | 14.6% | -13% |
| TD Bank, National Association | $3.4B | 12.3% | +19% |
| Provident Bank | $2.7B | 9.7% | +143% |
| Wells Fargo Bank, National Association | $2.5B | 9.0% | -13% |
| Valley National Bank | $2.2B | 7.9% | +29% |
| PNC Bank, National Association | $1.8B | 6.6% | -9% |
| Peapack Private Bank & Trust | $1.5B | 5.5% | +19% |
| Manufacturers and Traders Trust Company | $719M | 2.6% | -3% |
| HSBC Bank USA, National Association | $710M | 2.6% | -39% |
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
Morris 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 2.8% of the market’s output and holds 0.9% of its deposits.
| Measure | Morris County | Share of New York-Newark market |
|---|---|---|
| 2024 GDP | $60.7B | 2.8% |
| Deposits | $27.3B | 0.9% |
| Population | 524,251 | 2.3% |
View the full New York-Newark market profile →
Recruiting in Morris 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 Morris County, on a retained basis.
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