Altoona-Huntingdon, PA holds $4.7 billion in deposits across 20 insured institutions and 58 branches, ranking #231 of 293 U.S. markets by economic output. Manufacturers and Traders Trust Company is the largest deposit holder at 26.2% share. The top three institutions hold 56.2% of deposits, which places the market in the moderate band. Deposits have grown 21% since 2020 while the branch count fell by 8.
Deposit trend
Branches: 66 in 2020 to 58 in 2025. Institutions: 21 to 20. Top-three share: 55.9% to 56.2%. Deposits per branch: $81M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Manufacturers and Traders Trust Company | 1.2B | 26.2% | +22% |
| First National Bank of Pennsylvania | 1.0B | 20.7% | +26% |
| First Commonwealth Bank | 0.4B | 9.2% | +16% |
| Reliance Savings Bank | 0.4B | 8.7% | +14% |
| Kish Bank | 0.3B | 5.9% | +64% |
| Community State Bank of Orbisonia | 0.2B | 5.1% | +20% |
| Citizens Bank | 0.2B | 4.9% | -2% |
| Altoona First Savings Bank | 0.2B | 4.2% | +27% |
| S&T Bank | 0.1B | 3.0% | +50% |
| Mid Penn Bank | 0.1B | 2.5% | new since 2020 |
The 10 largest of 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; an acquirer absorbs the balances of banks it bought.
Counties in this market
| County | State | GDP | Population | Share of GDP |
|---|---|---|---|---|
| Blair County | Pennsylvania | $6,308M | 119,541 | 83.1% |
| Huntingdon County | Pennsylvania | $1,281M | 43,001 | 16.9% |
Recruiting in Altoona
Deposits are neither closely held nor widely dispersed, which usually leaves room for a well-led team to take share without competing head-on with a dominant holder. 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, on a retained basis.
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