Market Intelligence

Queens County, NY

Banking market profile · FDIC Summary of Deposits (SOD), June 30, 2025
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 $79.2B in deposits across 51 insured institutions and 346 branches. JPMorgan Chase Bank, National Association is the largest deposit holder at 30.9% share. The top three banks hold 54% of deposits, which places the county in the Moderate band. Deposits have grown 9.7% since 2020 while the branch count fell by 14.1%. It produces $111.1B of output, 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, 6/30/25)
$79.2B
#35 of 1,523
Deposits per Capita
$33,584
#276 of 1,523
Deposits per Branch
$229M
#76 of 1,523
Competitive structure
Insured Institutions
51
#20 of 1,523
Branches per 100k Pop.
14.7
#1,309 of 1,523
Median Deposits per Institution
$370M
The median deposits booked by a single institution in the county. #94 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
31.4%
of county deposits held by banks with $100M to $100B in assets. #1,337 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, 2020 to 2025)+9.7% over 5 years
$72.2B
2020
$79.3B
2021
$84.3B
2022
$79.7B
2023
$78.7B
2024
$79.2B
2025

Branches: 403 in 2020 to 346 in 2025. Institutions: 56 to 51. Top-three share: 50% to 54%.

Institutions by deposits

InstitutionDepositsShareBranches5‑yr
deposits
JPMorgan Chase Bank$24.5B30.9%66+21%
Citibank$11.2B14.1%25+11%
TD Bank$7.4B9.3%32+26%
Flagstar Bank$4.7B5.9%28-18%
Bank of America$4.3B5.5%24+33%
Ridgewood Savings Bank$3.3B4.2%11+34%
Capital One$3.2B4.0%14-35%
Webster Bank$1.9B2.4%10-11%
Flushing Bank$1.6B2.1%11+24%
Maspeth Federal Savings and Loan Association$1.2B1.5%6+1%
Citizens Bank$1.2B1.5%13+152%
Santander Bank$1.2B1.5%10+10%
Dime Community Bank$1.1B1.4%9+2%
Cathay Bank$1.0B1.3%4+5%
Bank of Hope$788M1.0%4+3%
East West Bank$785M1.0%2+103%
Alma Bank$753M1.0%4+15%
Apple Bank$732M0.9%7+2%
Community Federal Savings Bank$712M0.9%1+270%
Quontic Bank$653M0.8%1+57%
HSBC Bank USA$648M0.8%1-71%
Amerasia Bank$567M0.7%3+26%
Preferred Bank$565M0.7%1+63%
First Central Savings Bank$540M0.7%6+27%
Manufacturers and Traders Trust Company$458M0.6%2-7%
Cross County Savings Bank$370M0.5%4+9%
Woori America Bank$348M0.4%4+27%
CTBC Bank Corp. (USA)$341M0.4%1-7%
Valley National Bank$326M0.4%40%
Popular Bank$306M0.4%4+13%
Bank of China$288M0.4%1-45%
Royal Business Bank$258M0.3%3+16%
Ponce Bank$249M0.3%3+24%
NewBank$233M0.3%2+5%
Habib American Bank$217M0.3%1+44%
Provident Bank$191M0.2%1+50%
ConnectOne Bank$174M0.2%4+131%
Shinhan Bank America$168M0.2%2-18%
Industrial and Commercial Bank of China USA$142M0.2%1-16%
New Millennium Bank$130M0.2%2+65%
Hanover Community Bank$101M0.1%2-10%
PCB Bank$85M0.1%1+204%
Metro City Bank$71M0.1%2+4%
Carver Federal Savings Bank$62M0.1%1+15%
Abacus Federal Savings Bank$38M<0.1%1-4%
Wells Fargo Bank$37M<0.1%2no 2020 presence
The Bank of Princeton$36M<0.1%1no 2020 presence
Hana Bank USA$31M<0.1%1+133%
EverBank$27M<0.1%1no 2020 presence
PromiseOne Bank$17M<0.1%1no 2020 presence
First IC Bank$16M<0.1%1-5%

The 51 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

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.

MeasureQueens CountyShare of parent market
2024 GDP$111.1B5.2%
Deposits$79.2B2.7%
Population2,358,18210.5%

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.

See how we help banks recruit commercial banking talent

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.