Rensselaer County, New York, a core county of the Albany-Schenectady, NY market, holds $2.8B in deposits across 12 insured institutions and 33 branches. KeyBank National Association is the largest deposit holder at 29.8% share. The top three institutions hold 62.3% of deposits, which places the county in the concentrated band. Deposits have grown 11.9% since 2020 while the branch count fell by 1. It produces $12.5B of output, ranking #314 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 34 in 2020 to 33 in 2025. Institutions: 11 to 12. Top-three share: 64.5% to 62.3%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| KeyBank National Association | $820M | 29.8% | -9% |
| Pioneer Bank, National Association | $533M | 19.4% | +31% |
| TrustCo Bank | $362M | 13.2% | +31% |
| TD Bank, National Association | $240M | 8.7% | +78% |
| Manufacturers and Traders Trust Company | $202M | 7.3% | +3% |
| Citizens Bank, National Association | $173M | 6.3% | +24% |
| Bank of America, National Association | $156M | 5.7% | -6% |
| Community Bank, National Association | $88M | 3.2% | +46% |
| Berkshire Bank | $60M | 2.2% | -4% |
| NBT Bank, National Association | $47M | 1.7% | +47% |
The 10 insured institutions with a branch presence in this county, as of 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. Even so, a large gain can reflect acquisition rather than organic growth; “no 2020 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year.
Part of the Albany-Schenectady market
Rensselaer County is one of 10 counties that make up the Albany-Schenectady, NY market, a Combined Statistical Area (ranked #43 of 293 U.S. markets by economic output). It produces 14.4% of the market’s output and holds 7.2% of its deposits.
| Measure | Rensselaer County | Share of Albany-Schenectady market |
|---|---|---|
| 2024 GDP | $12.5B | 14.4% |
| Deposits | $2.8B | 7.2% |
| Population | 160,510 | 13.3% |
View the full Albany-Schenectady market profile →
Recruiting in Rensselaer 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 Rensselaer County, on a retained basis.
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