Market Intelligence › New York-Newark, NY-NJ-CT-PA › Queens County

Queens County, New York, a core county of the New York-Newark, NY-NJ-CT-PA market, holds $81.4B in deposits across 52 insured institutions and 345 branches. JPMorgan Chase Bank is the largest deposit holder at 31.0% share. The top three banks hold 54% of deposits, which places the county in the Moderate band. Deposits have grown 2.6% since 2021 while the branch count fell by 11.1%. It produced $111.1B of real gross domestic product in 2024, ranking #33 of the 1,523 ranked counties by economic output.

Economic scale

2024 Real GDP

$111.1B

#33 of 1,523

Population

2,358,182

#12 of 1,523

GDP per Capita

$47,131

#666 of 1,523

Deposit market

Deposits (SOD, 6/30/26)

$81.4B

#34 of 1,523

Deposits per Capita

$34,516

#282 of 1,523

Deposits per Branch

$236M

#81 of 1,523

Competitive structure

Insured Institutions

#18 of 1,523

Branches per 100k Pop.

14.6

#1,307 of 1,523

Median Deposits per Institution

$407M

The median deposits booked by a single institution in the county. #75 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

32.2%

of county deposits held by banks with $100M to $100B in assets. #1,297 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: Moderate

54%

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, 2021 to 2026)+2.6% over 5 years

$79.3B

2021

$84.3B

2022

$79.7B

2023

$78.7B

2024

$79.2B

2025

$81.4B

2026

Branches: 388 in 2021 to 345 in 2026. Institutions: 54 to 52. Top-three share: 53% to 54%.

Institutions by deposits

Institution	Deposits	Share	Branches	5‑yr deposits
JPMorgan Chase Bank	$25.2B	31.0%	66	+6%
Citibank	$11.1B	13.6%	25	0%
TD Bank	$7.4B	9.1%	32	+8%
Flagstar Bank	$5.0B	6.2%	26	-16%
Bank of America	$4.4B	5.4%	24	+13%
Ridgewood Savings Bank	$3.6B	4.4%	11	+29%
Capital One	$3.1B	3.8%	14	-29%
Webster Bank	$1.8B	2.3%	10	-12%
OceanFirst Bank	$1.6B	2.0%	11	+19%
Maspeth Federal Savings and Loan Association	$1.2B	1.5%	7	-2%
Citizens Bank	$1.2B	1.4%	13	+137%
Santander Bank	$1.1B	1.4%	10	+3%
Dime Commercial Bank	$1.1B	1.3%	9	+5%
Cathay Bank	$1.0B	1.3%	4	-1%
Bank of Hope	$930M	1.1%	4	+16%
East West Bank	$773M	0.9%	2	+90%
Alma Bank	$754M	0.9%	4	+8%
Apple Bank	$749M	0.9%	6	-5%
Community Federal Savings Bank	$715M	0.9%	1	+145%
Quontic Bank	$694M	0.9%	1	+27%
Amerasia Bank	$640M	0.8%	3	+20%
Preferred Bank	$606M	0.7%	1	+52%
HSBC Bank USA	$572M	0.7%	1	-75%
Manufacturers and Traders Trust Company	$564M	0.7%	2	+15%
First Central Savings Bank	$546M	0.7%	6	+23%
Bank of China	$414M	0.5%	1	-18%
Valley National Bank	$400M	0.5%	4	+35%
Woori America Bank	$393M	0.5%	4	+26%
Cross County Savings Bank	$361M	0.4%	4	-4%
CTBC Bank Corp. (USA)	$360M	0.4%	1	-10%
Popular Bank	$280M	0.3%	4	+12%
Royal Business Bank	$275M	0.3%	3	+20%
Industrial and Commercial Bank of China USA	$266M	0.3%	1	+54%
Ponce Bank	$265M	0.3%	3	+8%
Habib American Bank	$244M	0.3%	1	+50%
NewBank	$239M	0.3%	2	-3%
Provident Bank	$223M	0.3%	1	+106%
EverBank	$158M	0.2%	1	+238%
ConnectOne Bank	$151M	0.2%	3	-56%
New Millennium Bank	$135M	0.2%	2	+28%
Shinhan Bank America	$130M	0.2%	2	-42%
Wells Fargo Bank	$111M	0.1%	3	no 2021 presence
Hanover Community Bank	$103M	0.1%	2	+36%
PCB Bank	$99M	0.1%	1	+207%
Metro City Bank	$84M	0.1%	2	+2%
Carver Federal Savings Bank	$63M	0.1%	1	0%
Abacus Federal Savings Bank	$39M	<0.1%	1	+13%
Hana Bank USA	$36M	<0.1%	1	0%
The Bank of Princeton	$32M	<0.1%	1	-40%
Commonwealth Business Bank	$30M	<0.1%	1	no 2021 presence
PromiseOne Bank	$16M	<0.1%	1	no 2021 presence
Global Bank	$1M	<0.1%	1	no 2021 presence

The 52 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

Queens 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 5.2% of the market’s output and holds 2.7% of its deposits.

Measure	Queens County	Share of parent market
2024 GDP	$111.1B	5.2%
Deposits	$81.4B	2.7%
Population	2,358,182	10.5%

View the full New York-Newark market profile →

Recruiting in Queens County

Deposits are split among a moderate 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 Queens County.

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Deposit trend

Institutions by deposits

Part of the New York-Newark market

Recruiting in Queens County

Other counties in the New York-Newark market