Burlington-South Burlington-Barre, VT holds $9.9 billion in deposits across 16 insured institutions and 88 branches, ranking #138 of 293 U.S. markets by economic output. TD Bank is the largest deposit holder at 26.8% share. The top three institutions hold 64.3% of deposits, which places the market in the concentrated band. Deposits have grown 8% since 2020 while the branch count fell by 3.
Deposit trend
Branches: 91 in 2020 to 88 in 2025. Institutions: 14 to 16. Top-three share: 69.3% to 64.3%. Deposits per branch: $112M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| TD Bank | 2.6B | 26.8% | +6% |
| Manufacturers and Traders Trust Company | 2.5B | 25.6% | new since 2020 |
| Northfield Savings Bank | 1.2B | 12.0% | +39% |
| KeyBank | 0.9B | 9.0% | +6% |
| Community Bank | 0.8B | 8.2% | +2% |
| Citizens Bank | 0.5B | 4.5% | +3% |
| Peoples Trust Company of St. Albans | 0.3B | 3.4% | +15% |
| Bank of Burlington | 0.2B | 2.5% | new since 2020 |
| Union Bank | 0.2B | 2.0% | +95% |
| Community National Bank | 0.2B | 1.8% | +42% |
The 10 largest of 16 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 |
|---|---|---|---|---|
| Chittenden County | Vermont | $13,170M | 169,115 | 66.9% |
| Washington County | Vermont | $4,108M | 59,652 | 20.9% |
| Franklin County | Vermont | $2,203M | 51,177 | 11.2% |
| Grand Isle County | Vermont | $203M | 7,511 | 1.0% |
Recruiting in Burlington
Deposits are held closely by the largest institutions, which often means the bankers worth recruiting are inside a small number of houses. 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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