Ithaca-Cortland, NY, a Combined Statistical Area, holds $3.6 billion in deposits across 12 insured institutions and 36 branches, ranking #217 of 293 U.S. markets by economic output. Tompkins Community Bank is the largest deposit holder at 48.7% share. The top three institutions hold 69.9% of deposits, which places the market in the concentrated band. Deposits have grown 8.7% since 2020 while the branch count fell by 12.2%.
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: 41 in 2020 to 36 in 2025. Institutions: 12 to 12. Top-three share: 71.9% to 69.9%. Deposits per branch: $101M.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Tompkins Community Bank | $1.8B | 48.7% | +1% |
| NBT Bank | $0.4B | 10.9% | +30% |
| KeyBank | $0.4B | 10.4% | +6% |
| Manufacturers and Traders Trust Company | $0.3B | 7.4% | -5% |
| The First National Bank of Dryden | $0.2B | 5.2% | +2% |
| Chemung Canal Trust Company | $0.2B | 4.3% | +45% |
| JPMorgan Chase Bank | $0.2B | 4.1% | +1,412% |
| Community Bank | $0.1B | 3.1% | +2,089% |
| The First National Bank of Groton | $0.1B | 3.1% | -1% |
| Tioga State Bank | $0.1B | 1.5% | +48% |
| Cayuga Lake National Bank | $35M | 1.0% | no 2020 presence |
| Citizens Bank | $11M | 0.3% | -83% |
The 12 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. Even so, a large gain can reflect acquisition rather than organic growth; “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 | |
|---|---|---|---|---|---|
| Tompkins County | New York | $6.4B | 104,047 | 78.2% | 75.9% |
| Cortland County | New York | $1.8B | 45,850 | 21.8% | 24.1% |
Recruiting in the Ithaca-Cortland 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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