Market Intelligence

New York-Newark, NY-NJ-CT-PA

Banking market profile · FDIC Summary of Deposits (SOD), June 30, 2026
Market Intelligence › New York-Newark, NY-NJ-CT-PA

New York-Newark, NY-NJ-CT-PA, a Combined Statistical Area, holds $3,048.1 billion in deposits across 176 insured institutions and 4,705 branches, and ranks #1 of 293 U.S. markets by economic output. JPMorgan Chase Bank is the largest deposit holder at 33.1% share. The top three banks hold 51% of deposits, which places the market in the Moderate band. Deposits have grown 12.2% since 2021 while the branch count fell by 12.9%.

Economic scale
2024 Real GDP
$2,131.2B
#1 of 293
Population
22.54M
#1 of 293
GDP per Capita
$94,572
#4 of 293
Deposit market
Deposits (SOD, 6/30/26)
$3,048.1B
#1 of 293
Deposits per Capita
$135,259
#3 of 293
Deposits per Branch
$648M
#4 of 293
Competitive structure
Insured Institutions
176
#2 of 293
Branches per 100k Pop.
20.9
#185 of 293
Median Deposits per Institution
$884M
The median deposits booked by a single institution in the market. #6 of 293. A lower figure means institutions typically hold smaller deposit positions here; it reflects local deposit presence, not an institution’s overall size. See Community & Regional Bank Share for institution scale.
Community & Regional Bank Share
17.5%
of market deposits held by banks with $100M to $100B in assets. #282 of 293. A higher share points to a market where small to mid-size institutions, the kind that compete on relationships and local decision-making, hold more ground.
Top-3 Banks’ Deposit Share: Moderate
51%
The combined deposit share of the top three banks by deposits in the market. A lower share means deposits are spread across more institutions.

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

Market Deposits (SOD, 2021 to 2026) +12.2% over 5 years
$2,717B
2021
$2,920B
2022
$2,703B
2023
$2,706B
2024
$2,887B
2025
$3,048B
2026

Branches: 5,402 in 2021 to 4,705 in 2026. Institutions: 197 to 176. Top-three share: 48% to 51%. Average deposits per branch: $648M.

Institutions by deposits

InstitutionDepositsShare Branches5‑yr
deposits
JPMorgan Chase Bank$1,009.7B33.1%729+11%
Goldman Sachs Bank USA$279.1B9.2%2+34%
The Bank of New York Mellon$255.9B8.4%5+43%
Morgan Stanley Private Bank$211.7B6.9%1+95%
Bank of America$195.0B6.4%382-3%
Citibank$113.8B3.7%234-19%
HSBC Bank USA$105.5B3.5%8-13%
TD Bank$95.4B3.1%379-4%
Wells Fargo Bank$92.3B3.0%273+18%
Webster Bank$57.1B1.9%95+127%
Valley National Bank$40.0B1.3%164+35%
Flagstar Bank$39.1B1.3%139-64%
PNC Bank$36.8B1.2%139+2%
Capital One$34.6B1.1%93-34%
Manufacturers and Traders Trust Company$30.8B1.0%214-18%
Deutsche Bank Trust Company Americas$28.1B0.9%1-6%
Citizens Bank$26.4B0.9%191+17%
Bank of China$22.6B0.7%1+33%
Santander Bank$21.6B0.7%141-13%
Provident Bank$19.2B0.6%132+4%
City National Bank$19.2B0.6%6+24%
Apple Bank$16.1B0.5%79+12%
OceanFirst Bank$13.8B0.5%58+16%
State Bank of India$13.2B0.4%1+61%
Customers Bank$12.9B0.4%2+111%
Dime Commercial Bank$12.7B0.4%63+14%
ConnectOne Bank$11.5B0.4%56+19%
Safra National Bank of New York$9.9B0.3%1+94%
Bank of Baroda$9.9B0.3%1+150%
Israel Discount Bank of New York$9.5B0.3%4+39%
Columbia Bank$8.4B0.3%62+20%
Bank Hapoalim B.M.$8.2B0.3%1+136%
Popular Bank$8.0B0.3%24+55%
BankUnited$7.8B0.3%4-43%
Metropolitan Commercial Bank$7.7B0.3%9+45%
Peapack Private Bank & Trust$7.1B0.2%19+43%
Cross River Bank$6.7B0.2%1+92%
Amalgamated Bank$6.6B0.2%4+69%
Ridgewood Savings Bank$6.0B0.2%38+14%
Kearny Bank$5.7B0.2%40+3%
Bank of India$5.7B0.2%1+224%
KeyBank$4.2B0.1%46-32%
Emigrant Bank$4.2B0.1%5no 2021 presence
East West Bank$4.1B0.1%7+221%
Northfield Bank$4.0B0.1%37-4%
Sumitomo Mitsui Trust Bank (U.S.A.) Limited$3.3B0.1%1-1%
Bessemer Trust Company$3.2B0.1%1+46%
Manasquan Bank$3.1B0.1%15+43%
Spencer Savings Bank, SLA$3.0B0.1%28-5%
The Bank of East Asia Ltd.$2.8B0.1%1+3%
Bankwell Bank$2.7B0.1%10+61%
Amboy Bank$2.7B0.1%23+23%
BCB Community Bank$2.6B0.1%27+8%
Bank of Hope$2.6B0.1%9+18%
Orange Bank & Trust Company$2.4B0.1%16+30%
Cathay Bank$2.4B0.1%10+22%
First Bank$2.3B0.1%13+47%
Ponce Bank$2.3B0.1%14+83%
Bessemer Trust Company$2.2B0.1%1+187%
Esquire Bank$2.2B0.1%2+139%
Woori America Bank$2.2B0.1%9+73%
Unity Bank$2.1B0.1%18+49%
Fulton Bank$2.1B0.1%19+1%
Hanover Community Bank$2.0B0.1%10+73%
Union Savings Bank$1.9B0.1%16+3%
First County Bank$1.9B0.1%13+19%
Beacon Bank and Trust$1.8B0.1%15-17%
Mizuho Bank (USA)$1.7B0.1%2-60%
Interaudi Bank$1.5B<0.1%1+23%
Fairfield County Bank$1.5B<0.1%17-5%
Tompkins Community Bank$1.5B<0.1%12+7%
Grasshopper Bank$1.4B<0.1%1+639%
Maspeth Federal Savings and Loan Association$1.4B<0.1%8-1%
First Commerce Bank$1.4B<0.1%10+56%
NorthEast Community Bank$1.4B<0.1%9+82%
Union County Savings Bank$1.3B<0.1%4-17%
Alma Bank$1.3B<0.1%13+16%
Rhinebeck Bank$1.3B<0.1%14+24%
Habib American Bank$1.3B<0.1%4+67%
Ulster Savings Bank$1.2B<0.1%15+6%
Blue Foundry Bank$1.2B<0.1%21-39%
Ives Bank$1.2B<0.1%13+21%
Industrial and Commercial Bank of China USA$1.2B<0.1%4-3%
The Bank of Princeton$1.2B<0.1%20+3%
Patriot Bank$1.2B<0.1%7+73%
Newtown Savings Bank$1.1B<0.1%13+17%
Somerset Regal Bank$925M<0.1%14-10%
First Central Savings Bank$891M<0.1%10+46%
The Northern Trust Company$878M<0.1%2+6%
Haven Savings Bank$862M<0.1%9+4%
Magyar Bank$860M<0.1%7+16%
Walden Savings Bank$820M<0.1%11+13%
Fieldpoint Private Bank & Trust$782M<0.1%2-22%
Royal Business Bank$758M<0.1%8+19%
DR Bank$755M<0.1%2+137%
Community Federal Savings Bank$715M<0.1%1+145%
Freedom Bank$711M<0.1%5+38%
Quontic Bank$694M<0.1%1+27%
The First Bank of Greenwich$681M<0.1%3+59%
New Millennium Bank$680M<0.1%8+45%
Preferred Bank$677M<0.1%2+69%
Shinhan Bank America$675M<0.1%6+27%
NBT Bank$660M<0.1%8-11%
Amerasia Bank$640M<0.1%3+20%
Carver Federal Savings Bank$581M<0.1%70%
Jeff Bank$579M<0.1%10-3%
Bogota Savings Bank$578M<0.1%8-3%
CTBC Bank Corp. (USA)$563M<0.1%3-3%
Spring Bank$549M<0.1%2+133%
NewBank$516M<0.1%6+7%
Empire State Bank$512M<0.1%6+20%
First Horizon Bank$490M<0.1%1-12%
Modern Bank$480M<0.1%2-17%
Hana Bank USA$479M<0.1%3+93%
Ion Bank$479M<0.1%13-33%
BTG Pactual Bank$460M<0.1%1+52%
Rondout Savings Bank$449M<0.1%5+10%
Cross County Savings Bank$447M<0.1%6-9%
Cenlar FSB$443M<0.1%1-41%
Crown Bank$418M<0.1%12+4%
Wallkill Valley Federal Savings and Loan Association$417M<0.1%9+24%
Bank of China$414M<0.1%1-18%
TrustCo Bank$409M<0.1%18-7%
The Berkshire Bank$398M<0.1%7-26%
Piermont Bank$386M<0.1%1+52%
Wayne Bank$386M<0.1%7+31%
Hanmi Bank$375M<0.1%2+273%
Lusitania Savings Bank$354M<0.1%4+9%
Ascendia Bank$319M<0.1%5+39%
Connecticut Community Bank$318M<0.1%9-23%
Mid Penn Bank$315M<0.1%4+14%
United Roosevelt Savings Bank$303M<0.1%2+85%
Western Alliance Bank$275M<0.1%1no 2021 presence
Bank of Millbrook$270M<0.1%5+4%
PCB Bank$256M<0.1%3+187%
First Hope Bank$253M<0.1%3-10%
American Community Bank$249M<0.1%6+20%
Sawyer Savings Bank$234M<0.1%4+5%
Abacus Federal Savings Bank$232M<0.1%4-16%
The Bank of Greene County$227M<0.1%2+76%
Global Bank$213M<0.1%3+20%
Alpine Capital Bank$201M<0.1%1-5%
The Dime Bank$183M<0.1%2+23%
EverBank$158M<0.1%1+206%
Metro City Bank$146M<0.1%4-8%
Industrial Bank$139M<0.1%3+20%
International Finance Bank$137M<0.1%1-10%
The Putnam County National Bank of Carmel$135M<0.1%6-14%
Truist Bank$130M<0.1%3+18%
Centennial Bank$127M<0.1%1+6%
GSL Savings Bank$120M<0.1%2+29%
Schuyler Savings Bank$118M<0.1%2+18%
First Federal Savings of Middletown$112M<0.1%1+8%
Commonwealth Business Bank$107M<0.1%2no 2021 presence
Eastbank$105M<0.1%1-21%
The Honesdale National Bank$87M<0.1%2+43%
Sunnyside Federal Savings and Loan Association of Irvington$72M<0.1%1-13%
United Orient Bank$69M<0.1%2-10%
Peoples Security Bank and Trust Company$62M<0.1%1no 2021 presence
International Bank of Chicago$62M<0.1%1+261%
Liberty Bank of New Jersey$59M<0.1%2no 2021 presence
The Milford Bank$51M<0.1%1+39%
Five Rivers Bank$50M<0.1%1no 2021 presence
Pacific National Bank$20M<0.1%2no 2021 presence
PromiseOne Bank$16M<0.1%1no 2021 presence
Metropolitan Bank and Trust Company$9M<0.1%1-13%
Woodforest National Bank$5M<0.1%1-5%
Emigrant Mercantile Bank$0M<0.1%10%
State Street Bank and Trust Company$0M0.0%1no 2021 presence
The Bank of New York Mellon Trust Company$0M0.0%1no 2021 presence
Atlantic Community Bankers Bank$0M0.0%1no 2021 presence
42 North Private Bank$0M0.0%1no 2021 presence
Wilmington Trust$0M0.0%9no 2021 presence
AMG National Trust Bank$0M0.0%1no 2021 presence
BNY Mellon$0M0.0%4-100%
CIBC National Trust Company$0M0.0%1no 2021 presence

The 176 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

CountyStateGDP PopulationShare of Market GDP Share of Market Deposits
New York CountyNew York$813.7B1,664,86238.2%62.7%
Kings CountyNew York$114.7B2,653,9635.4%2.2%
Queens CountyNew York$111.1B2,358,1825.2%2.7%
Suffolk CountyNew York$108.2B1,546,0905.1%2.1%
Nassau CountyNew York$100.7B1,398,9394.7%3.3%
Westchester CountyNew York$93.3B1,015,7434.4%9.0%
Bergen CountyNew Jersey$83.5B977,0263.9%2.3%
Middlesex CountyNew Jersey$70.0B883,3353.3%1.8%
Western Connecticut Planning RegionConnecticut$61.2B640,4822.9%2.1%
Essex CountyNew Jersey$61.0B896,3792.9%0.9%
Morris CountyNew Jersey$60.7B524,2512.8%0.9%
Hudson CountyNew Jersey$52.1B735,0332.4%1.6%
Mercer CountyNew Jersey$46.6B399,2892.2%0.7%
Somerset CountyNew Jersey$45.8B356,4862.1%0.5%
Bronx CountyNew York$45.4B1,406,3322.1%0.6%
Monmouth CountyNew Jersey$42.0B651,0352.0%1.0%
Union CountyNew Jersey$41.4B601,8631.9%0.8%
Greater Bridgeport Planning RegionConnecticut$27.2B337,6971.3%0.4%
Ocean CountyNew Jersey$24.6B673,7461.2%0.8%
Passaic CountyNew Jersey$22.8B531,6241.1%0.9%
Orange CountyNew York$21.5B417,6691.0%0.4%
Rockland CountyNew York$19.0B357,3970.9%0.4%
Richmond CountyNew York$18.2B501,2900.9%0.6%
Dutchess CountyNew York$16.0B300,7080.7%0.3%
Ulster CountyNew York$8.1B183,3300.4%0.2%
Hunterdon CountyNew Jersey$7.9B131,7810.4%0.2%
Sussex CountyNew Jersey$5.3B148,0630.2%0.2%
Putnam CountyNew York$4.3B99,0280.2%0.1%
Sullivan CountyNew York$3.5B80,5860.2%0.0%
Pike CountyPennsylvania$1.5B62,8080.1%0.0%

Recruiting in the New York-Newark 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.

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Other markets in Connecticut, New Jersey, New York, and Pennsylvania

All 293 markets and the 1,523 counties with a branch within a CSA or MSA are covered in the Market Intelligence resource. See the methodology for how each figure is built and when to expect updates, or the disclaimer for how this data should, and should not, be read.