Niagara County, New York, a core county of the Buffalo-Cheektowaga-Olean, NY market, holds $3.7B in deposits across 8 insured institutions and 30 branches. KeyBank is the largest deposit holder at 40.1% share. The top three banks hold 79% of deposits, which places the county in the Concentrated band. Deposits have fallen 5.2% since 2021 while the branch count fell by 11.8%. It produced $10.5B of real gross domestic product in 2024, ranking #346 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: 34 in 2021 to 30 in 2026. Institutions: 8 to 8. Top-three share: 81% to 79%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| KeyBank | $1.5B | 40.1% | -20% |
| Manufacturers and Traders Trust Company | $754M | 20.4% | +7% |
| Northwest Bank | $675M | 18.2% | +15% |
| Bank of America | $308M | 8.3% | -14% |
| Citizens Bank | $236M | 6.4% | +16% |
| CNB Bank | $170M | 4.6% | +55% |
| NBT Bank | $69M | 1.9% | -9% |
| Woodforest National Bank | $4M | 0.1% | -2% |
The 8 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 Buffalo-Cheektowaga-Olean market
Niagara County is one of 3 counties that make up the Buffalo-Cheektowaga-Olean, NY market, a Combined Statistical Area (ranked #51 of 293 U.S. markets by economic output). It produces 13.7% of the market’s output and holds 5.4% of its deposits.
| Measure | Niagara County | Share of parent market |
|---|---|---|
| 2024 GDP | $10.5B | 13.7% |
| Deposits | $3.7B | 5.4% |
| Population | 208,912 | 17.0% |
View the full Buffalo-Cheektowaga-Olean market profile →
Recruiting in Niagara 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 Niagara County.
See how we help banks recruit commercial banking talent