New Haven-Hartford-Waterbury, CT, a Combined Statistical Area, holds $101.8 billion in deposits across 41 insured institutions and 657 branches, ranking #25 of 293 U.S. markets by economic output. Bank of America is the largest deposit holder at 33.0% share. The top three institutions hold 53.7% of deposits, which places the market in the moderate 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: 754 in 2020 to 657 in 2025. Institutions: 44 to 41. Top-three share: 62.0% to 53.7%. Deposits per branch: $155M.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Bank of America | $33.7B | 33.0% | +6% |
| Webster Bank | $10.9B | 10.7% | -50% |
| Manufacturers and Traders Trust Company | $10.1B | 9.9% | no 2020 presence |
| TD Bank | $7.1B | 7.0% | +14% |
| Liberty Bank | $6.7B | 6.6% | +27% |
| KeyBank | $5.0B | 4.9% | +2% |
| Wells Fargo Bank | $4.1B | 4.0% | -12% |
| Citizens Bank | $3.7B | 3.7% | +21% |
| JPMorgan Chase Bank | $2.0B | 2.0% | +115% |
| Santander Bank | $1.9B | 1.9% | -5% |
| Ion Bank | $1.8B | 1.7% | no 2020 presence |
| Thomaston Savings Bank | $1.6B | 1.6% | no 2020 presence |
| Berkshire Bank | $1.6B | 1.5% | no 2020 presence |
| Chelsea Groton Bank | $1.2B | 1.2% | no 2020 presence |
| The Guilford Savings Bank | $1.0B | 1.0% | no 2020 presence |
| Northwest Community Bank | $1.0B | 1.0% | no 2020 presence |
| Dime Bank | $845M | 0.8% | no 2020 presence |
| The Torrington Savings Bank | $806M | 0.8% | no 2020 presence |
| Windsor Federal Bank | $711M | 0.7% | no 2020 presence |
| Union Savings Bank | $562M | 0.6% | no 2020 presence |
| NBT Bank | $499M | 0.5% | no 2020 presence |
| PeoplesBank | $469M | 0.5% | no 2020 presence |
| Centreville Bank | $467M | 0.5% | no 2020 presence |
| The Milford Bank | $458M | 0.4% | no 2020 presence |
| Essex Savings Bank | $432M | 0.4% | no 2020 presence |
| Newtown Savings Bank | $416M | 0.4% | no 2020 presence |
| Jewett City Savings Bank | $378M | 0.4% | no 2020 presence |
| Bankhometown | $378M | 0.4% | no 2020 presence |
| Westfield Bank | $307M | 0.3% | no 2020 presence |
| Bankwell Bank | $302M | 0.3% | no 2020 presence |
| The National Iron Bank | $273M | 0.3% | no 2020 presence |
| Eastern Connecticut Savings Bank | $235M | 0.2% | no 2020 presence |
| Stafford Savings Bank | $188M | 0.2% | no 2020 presence |
| New Haven Bank | $148M | 0.1% | no 2020 presence |
| Connecticut Community Bank | $145M | 0.1% | no 2020 presence |
| Ives Bank | $142M | 0.1% | no 2020 presence |
| The Washington Trust Company, of Westerly | $101M | 0.1% | no 2020 presence |
| Patriot Bank | $57M | 0.1% | no 2020 presence |
| MassMutual Private Wealth & Trust, FSB | $50M | 0.0% | no 2020 presence |
| Atlantic Community Bankers Bank | $0M | 0.0% | no 2020 presence |
| Wilmington Trust | $0M | 0.0% | no 2020 presence |
The 41 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 | |
|---|---|---|---|---|---|
| Capitol Planning Region | Connecticut | $88.9B | 994,115 | 45.0% | 51.0% |
| South Central Connecticut Planning Region | Connecticut | $40.2B | 578,741 | 20.3% | 19.7% |
| Naugatuck Valley Planning Region | Connecticut | $26.8B | 463,349 | 13.6% | 12.4% |
| Southeastern Connecticut Planning Region | Connecticut | $19.3B | 284,015 | 9.8% | 6.4% |
| Lower Connecticut River Valley Planning Region | Connecticut | $12.9B | 177,311 | 6.5% | 5.7% |
| Northwest Hills Planning Region | Connecticut | $5.2B | 114,690 | 2.6% | 3.4% |
| Northeastern Connecticut Planning Region | Connecticut | $4.4B | 98,096 | 2.2% | 1.4% |
Recruiting in the New Haven-Hartford-Waterbury market
Deposits are moderately concentrated here, held by a mix of institutions rather than dominated by one. 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.
See how we help banks recruit commercial banking talent