Western Connecticut Planning Region, Connecticut, a core county of the New York-Newark, NY-NJ-CT-PA market, holds $62.6B in deposits across 25 insured institutions and 213 branches. Webster Bank, National Association is the largest deposit holder at 46.5% share. The top three institutions hold 63.4% of deposits, which places the county in the concentrated band. Deposits have grown 105.9% since 2023 while the branch count rose by 29. It produces $61.2B of output, ranking #69 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 184 in 2023 to 213 in 2025. Institutions: 24 to 25. Top-three share: 47.1% to 63.4%. Connecticut recoded its counties to planning regions in the FDIC data in 2023, so this county’s continuous trend begins in 2023.
Leading institutions by deposits
| Institution | Deposits | Share | vs 2023 |
|---|---|---|---|
| Webster Bank, National Association | $29.1B | 46.5% | +3,530% |
| Bank of America, National Association | $5.5B | 8.8% | 0% |
| JPMorgan Chase Bank, National Association | $5.1B | 8.1% | -15% |
| Wells Fargo Bank, National Association | $3.7B | 5.9% | +30% |
| Citibank, National Association | $3.3B | 5.3% | +75% |
| Manufacturers and Traders Trust Company | $2.6B | 4.2% | +6% |
| Bankwell Bank | $2.2B | 3.5% | +5% |
| Union Savings Bank | $1.8B | 2.8% | +27% |
| First County Bank | $1.6B | 2.6% | +200% |
| Fairfield County Bank | $1.2B | 1.8% | -13% |
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 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. Even so, a large gain can reflect acquisition rather than organic growth; “no 2023 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year.
Part of the New York-Newark market
Western Connecticut Planning Region 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 2.9% of the market’s output and holds 2.2% of its deposits.
| Measure | Western Connecticut Planning Region | Share of New York-Newark market |
|---|---|---|
| 2024 GDP | $61.2B | 2.9% |
| Deposits | $62.6B | 2.2% |
| Population | 640,482 | 2.8% |
View the full New York-Newark market profile →
Recruiting in Western 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 Western Connecticut Planning Region, on a retained basis.
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