Market Intelligence

New York County, NY

Banking market profile · FDIC Summary of Deposits (SOD), June 30, 2025
Market Intelligence › New York-Newark, NY-NJ-CT-PA › New York County

New York County, New York, a core county of the New York-Newark, NY-NJ-CT-PA market, holds $1,774.4B in deposits across 83 insured institutions and 515 branches. JPMorgan Chase Bank, National Association is the largest deposit holder at 45.1% share. The top three banks hold 71% of deposits, which places the county in the Concentrated band. Deposits have grown 19.3% since 2020 while the branch count fell by 18.1%. It produces $813.7B of output, ranking #1 of the 1,523 ranked counties by economic output.

Economic scale
2024 Real GDP
$813.7B
#1 of 1,523
Population
1,664,862
#21 of 1,523
GDP per Capita
$488,744
#3 of 1,523
Deposit market
Deposits (SOD, 6/30/25)
$1,774.4B
#1 of 1,523
Deposits per Capita
$1,065,823
#3 of 1,523
Deposits per Branch
$3.4B
#4 of 1,523
Competitive structure
Insured Institutions
83
#5 of 1,523
Branches per 100k Pop.
30.9
#456 of 1,523
Median Deposits per Institution
$620M
The median deposits booked by a single institution in the county. #20 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
10.6%
of county deposits held by banks with $100M to $100B in assets. #1,499 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 Banks’ Deposit Share: Concentrated
71%
The combined deposit share of the top three banks by deposits 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

County Deposits (SOD, 2020 to 2025)+19.3% over 5 years
$1,487.4B
2020
$1,682.2B
2021
$1,750.9B
2022
$1,597.5B
2023
$1,623.1B
2024
$1,774.4B
2025

Branches: 629 in 2020 to 515 in 2025. Institutions: 93 to 83. Top-three share: 64% to 71%.

Institutions by deposits

InstitutionDepositsShareBranches5‑yr
deposits
JPMorgan Chase Bank$799.7B45.1%115+24%
The Bank of New York Mellon$227.7B12.8%3+33%
Goldman Sachs Bank USA$226.1B12.7%1+45%
HSBC Bank USA$102.1B5.8%3-10%
Bank of America$92.7B5.2%50+1%
Citibank$62.9B3.5%64-14%
Wells Fargo Bank$34.0B1.9%27+80%
Deutsche Bank Trust Company Americas$30.4B1.7%1-8%
Bank of China$18.4B1.0%1-2%
City National Bank$17.6B1.0%5+29%
TD Bank$13.9B0.8%52-14%
State Bank of India$12.7B0.7%1+63%
Capital One$11.6B0.7%14-34%
Flagstar Bank$9.9B0.6%10-68%
Bank of Baroda$8.9B0.5%1+52%
Israel Discount Bank of New York$8.2B0.5%1+9%
Bank Hapoalim B.M.$7.1B0.4%1+92%
Manufacturers and Traders Trust Company$6.4B0.4%10+71%
Metropolitan Commercial Bank$6.4B0.4%6+106%
Safra National Bank of New York$6.3B0.4%1+34%
Citizens Bank$6.0B0.3%20+5,209%
Popular Bank$5.9B0.3%10+47%
Amalgamated Bank$5.8B0.3%2+68%
Bank of India$5.7B0.3%1+162%
Mizuho Bank (USA)$5.2B0.3%1+22%
Valley National Bank$5.1B0.3%10+148%
Apple Bank$5.0B0.3%15+13%
BankUnited$5.0B0.3%2-31%
Bessemer Trust Company$3.0B0.2%1+62%
The Bank of East Asia Ltd.$2.9B0.2%1+10%
East West Bank$2.9B0.2%3+395%
Santander Bank$1.8B0.1%10-3%
Interaudi Bank$1.4B0.1%1+30%
Peapack Private Bank & Trust$1.2B0.1%1no 2020 presence
Ponce Bank$1.2B0.1%2+264%
Industrial and Commercial Bank of China USA$1.1B0.1%2+77%
Woori America Bank$962M0.1%1+222%
Grasshopper Bank$872M<0.1%1+1,739%
Emigrant Bank$769M<0.1%1no 2020 presence
Cathay Bank$704M<0.1%3+24%
Bank of Hope$679M<0.1%1+28%
First Horizon Bank$620M<0.1%1+94%
Modern Bank$534M<0.1%1-9%
The Northern Trust Company$514M<0.1%1+163%
Flushing Bank$505M<0.1%3+37%
Habib American Bank$487M<0.1%1+94%
Western Alliance Bank$431M<0.1%1no 2020 presence
Dime Community Bank$402M<0.1%2+66%
Carver Federal Savings Bank$388M<0.1%2+27%
Piermont Bank$377M<0.1%1+346%
PNC Bank$366M<0.1%5+34%
OceanFirst Bank$303M<0.1%2-30%
M.Y. Safra Bank, FSB$293M<0.1%1-12%
The Berkshire Bank$202M<0.1%3-25%
Shinhan Bank America$183M<0.1%2+27%
Hanover Community Bank$177M<0.1%2+63%
Ridgewood Savings Bank$166M<0.1%2-4%
ConnectOne Bank$165M<0.1%1+125%
Alpine Capital Bank$162M<0.1%1-18%
Global Bank$162M<0.1%1+5%
Hanmi Bank$149M<0.1%1+176%
Centennial Bank$140M<0.1%1+69%
Abacus Federal Savings Bank$131M<0.1%1-31%
NorthEast Community Bank$130M<0.1%2+23%
Fieldpoint Private Bank & Trust$122M<0.1%1-27%
Royal Business Bank$117M<0.1%1-24%
International Finance Bank$109M<0.1%1-27%
Eastbank$107M<0.1%1-6%
KeyBank$105M<0.1%1+216%
United Orient Bank$69M<0.1%20%
Webster Bank$67M<0.1%1-82%
Hana Bank USA$56M<0.1%1-55%
Industrial Bank$53M<0.1%1+223%
NewBank$50M<0.1%1-30%
Alma Bank$49M<0.1%1+5%
New Millennium Bank$35M<0.1%1+141%
Metropolitan Bank and Trust Company$8M<0.1%1-19%
Preferred Bank$5M<0.1%1no 2020 presence
Emigrant Mercantile Bank$0M<0.1%10%
The Bank of New York Mellon Trust Company$0M0.0%1no 2020 presence
Wilmington Trust$0M0.0%2no 2020 presence
BNY Mellon$0M0.0%1no 2020 presence
CIBC National Trust Company$0M0.0%1no 2020 presence

The 83 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, 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

New York 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 38.2% of the market’s output and holds 61.5% of its deposits.

MeasureNew York CountyShare of parent market
2024 GDP$813.7B38.2%
Deposits$1,774.4B61.5%
Population1,664,8627.4%

View the full New York-Newark market profile →

Recruiting in New York County

Deposits are held closely by the largest banks, which often means the bankers worth recruiting are inside a small 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 New York County.

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Other counties in the New York-Newark market

All 293 markets and the 1,523 counties with a branch within a CSA or MSA are covered in the Market Intelligence resource. See the methodology for how each figure is built and when to expect updates, or the disclaimer for how this data should, and should not, be read.