Buffalo-Cheektowaga-Olean, NY, a Combined Statistical Area, holds $68.6 billion in deposits across 22 insured institutions and 254 branches, and ranks #51 of 293 U.S. markets by economic output. Manufacturers and Traders Trust Company is the largest deposit holder at 62.2% share. The top three banks hold 78% 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: 269 in 2021 to 254 in 2026. Institutions: 20 to 22. Top-three share: 81% to 78%. Average deposits per branch: $270M.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Manufacturers and Traders Trust Company | $42.7B | 62.2% | -4% |
| KeyBank | $7.7B | 11.2% | -24% |
| HSBC Bank USA | $3.4B | 4.9% | -10% |
| Bank of America | $3.0B | 4.4% | -8% |
| Northwest Bank | $2.7B | 3.9% | +11% |
| Citizens Bank | $2.6B | 3.8% | +17% |
| NBT Bank | $1.6B | 2.4% | +5% |
| Community Bank | $1.3B | 1.9% | +29% |
| CNB Bank | $1.0B | 1.5% | -18% |
| Five Star Bank | $770M | 1.1% | +29% |
| Alden State Bank | $391M | 0.6% | -13% |
| JPMorgan Chase Bank | $375M | 0.5% | no 2021 presence |
| Lake Shore Bank | $264M | 0.4% | -4% |
| Cattaraugus County Bank | $261M | 0.4% | +17% |
| Bank of Holland | $234M | 0.3% | +34% |
| Tompkins Community Bank | $106M | 0.2% | +474% |
| Chemung Canal Trust Company | $98M | 0.1% | +32,982% |
| Nextier Bank | $30M | <0.1% | no 2021 presence |
| Bank of Cattaraugus | $27M | <0.1% | +5% |
| Hamlin Bank and Trust Company | $22M | <0.1% | +115% |
| Woodforest National Bank | $14M | <0.1% | +17% |
| Wilmington Trust | $0M | 0.0% | no 2021 presence |
The 22 insured institutions with a branch presence in this market, per the FDIC Summary of Deposits, June 30, 2026. Five-year change compares the same institution’s deposits in 2021 and 2026. 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 2021 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% | 92.2% |
| Niagara County | New York | $10.5B | 208,912 | 13.7% | 5.4% |
| Cattaraugus County | New York | $3.0B | 75,390 | 3.9% | 2.4% |
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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