Morris County, New Jersey, a core county of the New York-Newark, NY-NJ-CT-PA market, holds $28.6B in deposits across 28 insured institutions and 155 branches. JPMorgan Chase Bank is the largest deposit holder at 14.1% share. The top three banks hold 40% of deposits, which places the county in the Fragmented band. Deposits have fallen 8.1% since 2021 while the branch count fell by 18.8%. It produced $60.7B of real gross domestic product in 2024, ranking #71 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: 191 in 2021 to 155 in 2026. Institutions: 31 to 28. Top-three share: 40% to 40%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| JPMorgan Chase Bank | $4.0B | 14.1% | -3% |
| Bank of America | $3.9B | 13.5% | -24% |
| TD Bank | $3.4B | 11.8% | +7% |
| Provident Bank | $2.7B | 9.5% | +8% |
| Wells Fargo Bank | $2.5B | 8.7% | -19% |
| Valley National Bank | $2.2B | 7.8% | +19% |
| HSBC Bank USA | $2.0B | 7.1% | +27% |
| PNC Bank | $1.9B | 6.5% | -14% |
| Peapack Private Bank & Trust | $1.3B | 4.5% | +3% |
| Manufacturers and Traders Trust Company | $653M | 2.3% | -16% |
| Kearny Bank | $548M | 1.9% | +23% |
| Columbia Bank | $516M | 1.8% | +10% |
| Santander Bank | $503M | 1.8% | -19% |
| ConnectOne Bank | $450M | 1.6% | +50% |
| Citizens Bank | $446M | 1.6% | -50% |
| First Bank | $437M | 1.5% | +10% |
| Fulton Bank | $408M | 1.4% | -5% |
| Blue Foundry Bank | $196M | 0.7% | -81% |
| Spencer Savings Bank, SLA | $112M | 0.4% | -21% |
| Ion Bank | $106M | 0.4% | -46% |
| First Hope Bank | $77M | 0.3% | -17% |
| Unity Bank | $73M | 0.3% | no 2021 presence |
| Haven Savings Bank | $52M | 0.2% | -7% |
| Bogota Savings Bank | $31M | 0.1% | -16% |
| Somerset Regal Bank | $28M | 0.1% | -19% |
| BCB Community Bank | $21M | 0.1% | 0% |
| Wilmington Trust | $0M | 0.0% | no 2021 presence |
| AMG National Trust Bank | $0M | 0.0% | no 2021 presence |
The 28 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
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 parent market |
|---|---|---|
| 2024 GDP | $60.7B | 2.8% |
| Deposits | $28.6B | 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.
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