Albany-Schenectady, NY, a Combined Statistical Area, holds $38.1 billion in deposits across 20 insured institutions and 336 branches, ranking #43 of 293 U.S. markets by economic output. KeyBank is the largest deposit holder at 27.6% share. The top three institutions hold 47.0% of deposits, which places the market in the moderate band. Deposits have declined 5.2% since 2020 while the branch count fell by 10.2%.
Ranks show where the market stands among the 293 markets (Combined and Metropolitan Statistical Areas). They describe relative position, not a rating of market quality or suitability.
Deposit trend
Branches: 374 in 2020 to 336 in 2025. Institutions: 24 to 20. Top-three share: 55.6% to 47.0%. Deposits per branch: $113M.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| KeyBank | $10.5B | 27.6% | -29% |
| TrustCo Bank | $3.9B | 10.1% | +16% |
| Arrow Bank | $3.5B | 9.2% | +74% |
| Bank of America | $3.0B | 7.8% | -2% |
| Manufacturers and Traders Trust Company | $2.7B | 7.0% | +35% |
| NBT Bank | $2.6B | 6.7% | +26% |
| Citizens Bank | $2.1B | 5.5% | -49% |
| TD Bank | $2.1B | 5.4% | +25% |
| Pioneer Bank | $1.8B | 4.6% | +37% |
| The Adirondack Trust Company | $1.4B | 3.6% | +12% |
| Community Bank | $780M | 2.0% | +26% |
| Berkshire Bank | $748M | 2.0% | -27% |
| Ballston Spa National Bank | $714M | 1.9% | +27% |
| The Bank of Greene County | $671M | 1.8% | +92% |
| First National Bank of Scotia | $612M | 1.6% | +20% |
| Chemung Canal Trust Company | $486M | 1.3% | +48% |
| JPMorgan Chase Bank | $458M | 1.2% | +1,163% |
| Bank of Richmondville | $164M | 0.4% | +20% |
| The National Bank of Coxsackie | $122M | 0.3% | +35% |
| Rhinebeck Bank | $0M | 0.0% | no 2020 presence |
The 20 insured institutions with a branch presence, as of June 30, 2025. Five-year change compares the same institution’s 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 market that year. Deposit figures are nominal and are not adjusted for inflation.
Counties in this market
| County | State | GDP | Population | Share of Market GDP | |
|---|---|---|---|---|---|
| Albany County | New York | $36.7B | 321,225 | 42.2% | 44.5% |
| Saratoga County | New York | $13.0B | 241,343 | 15.0% | 17.0% |
| Rensselaer County | New York | $12.5B | 160,510 | 14.4% | 7.2% |
| Schenectady County | New York | $9.8B | 162,581 | 11.3% | 9.1% |
| Warren County | New York | $5.4B | 65,020 | 6.2% | 8.9% |
| Columbia County | New York | $2.6B | 60,168 | 3.0% | 3.8% |
| Montgomery County | New York | $2.0B | 50,046 | 2.3% | 2.7% |
| Washington County | New York | $2.0B | 59,353 | 2.3% | 2.4% |
| Fulton County | New York | $1.9B | 52,216 | 2.2% | 2.7% |
| Schoharie County | New York | $1.0B | 30,176 | 1.2% | 1.7% |
Recruiting in the Albany-Schenectady market
Deposits are moderately concentrated here, held by a mix of institutions rather than dominated by one. 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 this one.
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