Market Intelligence

Northeastern Connecticut Planning Region, CT

Banking market profile · FDIC Summary of Deposits (SOD), June 30, 2025
Market IntelligenceNew Haven-Hartford-Waterbury, CT › Northeastern Connecticut Planning Region

Northeastern Connecticut Planning Region, Connecticut, a core county of the New Haven-Hartford-Waterbury, CT market, holds $1.5B in deposits across 7 insured institutions and 20 branches. Bankhometown is the largest deposit holder at 25.9% share. The top three banks hold 69% of deposits, which places the county in the Concentrated band. Deposits have fallen 22.3% since 2023 while the branch count fell by 25.9%. It produces $4.4B of output, ranking #652 of the 1,523 ranked counties by economic output.

Economic scale
2024 Real GDP
$4.4B
#652 of 1,523
Population
98,096
#628 of 1,523
GDP per Capita
$44,396
#746 of 1,523
Deposit market
Deposits (SOD, 6/30/25)
$1.5B
#775 of 1,523
Deposits per Capita
$14,910
#1,200 of 1,523
Deposits per Branch
$73M
#1,019 of 1,523
Competitive structure
Insured Institutions
7
#990 of 1,523
Branches per 100k Pop.
20.4
#983 of 1,523
Median Deposits per Institution
$210M
The median deposits booked by a single institution in the county. #311 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
86.5%
of county deposits held by banks with $100M to $100B in assets. #472 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
69%
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, 2023 to 2025)-22.3% over 2 years
$1.9B
2023
$1.4B
2024
$1.5B
2025

Branches: 27 in 2023 to 20 in 2025. Institutions: 10 to 7. Top-three share: 56% to 69%. Connecticut recoded its counties to planning regions in the FDIC data in 2023, so this county’s continuous trend begins in 2023.

Institutions by deposits

InstitutionDepositsShareBranchesvs 2023
deposits
Bankhometown$378M25.8%5+15%
Centreville Bank$355M24.3%4+11%
Berkshire Bank$270M18.5%3-35%
Jewett City Savings Bank$210M14.3%4+18%
KeyBank$136M9.3%2+1%
Citizens Bank$62M4.2%1+15%
Eastern Connecticut Savings Bank$52M3.5%1-12%

The 7 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 2023 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 2023 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 Haven-Hartford-Waterbury market

Northeastern Connecticut Planning Region is one of 7 counties that make up the New Haven-Hartford-Waterbury, CT market, a Combined Statistical Area (ranked #25 of 293 U.S. markets by economic output). It produces 2.2% of the market’s output and holds 1.4% of its deposits.

MeasureNortheastern Connecticut Planning RegionShare of parent market
2024 GDP$4.4B2.2%
Deposits$1.5B1.4%
Population98,0963.6%

View the full New Haven-Hartford-Waterbury market profile →

Recruiting in Northeastern Connecticut Planning Region

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 Northeastern Connecticut Planning Region.

See how we help banks recruit commercial banking talent