Buffalo-Cheektowaga-Olean, NY, a Combined Statistical Area, holds $62.7 billion in deposits across 21 insured institutions and 250 branches, ranking #51 of 293 U.S. markets by economic output. Manufacturers and Traders Trust Company is the largest deposit holder at 59.8% share. The top three institutions hold 77.6% of deposits, which places the market in the concentrated band.
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: 278 in 2020 to 250 in 2025. Institutions: 20 to 21. Top-three share: 80.5% to 77.6%. Deposits per branch: $251M.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Manufacturers and Traders Trust Company | $37.5B | 59.8% | -3% |
| KeyBank | $7.6B | 12.1% | -13% |
| HSBC Bank USA | $3.6B | 5.7% | -1% |
| Bank of America | $3.0B | 4.8% | +2% |
| Northwest Bank | $2.5B | 4.0% | +15% |
| Citizens Bank | $2.4B | 3.9% | +19% |
| NBT Bank | $1.7B | 2.7% | no 2020 presence |
| Community Bank | $1.1B | 1.8% | +18% |
| CNB Bank | $1.0B | 1.6% | +41% |
| Five Star Bank | $0.7B | 1.2% | +31% |
| Alden State Bank | $374M | 0.6% | +10% |
| JPMorgan Chase Bank | $264M | 0.4% | +549% |
| Lake Shore Savings Bank | $260M | 0.4% | +1% |
| Cattaraugus County Bank | $242M | 0.4% | +20% |
| Bank of Holland | $224M | 0.4% | +53% |
| Tompkins Community Bank | $82M | 0.1% | no 2020 presence |
| Chemung Canal Trust Company | $37M | 0.1% | no 2020 presence |
| Bank of Cattaraugus | $26M | 0.0% | +19% |
| Nextier Bank, National Association | $18M | 0.0% | no 2020 presence |
| Hamlin Bank and Trust Company | $18M | 0.0% | +256% |
| Woodforest National Bank | $14M | 0.0% | +29% |
The 21 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 | |
|---|---|---|---|---|---|
| Erie County | New York | $63.2B | 946,741 | 82.4% | 91.7% |
| Niagara County | New York | $10.5B | 208,912 | 13.7% | 5.8% |
| Cattaraugus County | New York | $3.0B | 75,390 | 3.9% | 2.5% |
Recruiting in the Buffalo-Cheektowaga-Olean market
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 this one.
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