New York-Newark, NY-NJ-CT-PA, a Combined Statistical Area, holds $2,886.8 billion in deposits across 176 insured institutions and 4,761 branches, ranking #1 of 293 U.S. markets by economic output. JPMorgan Chase Bank is the largest deposit holder at 33.7% share. The top three institutions hold 49.4% of deposits, which places the market in the moderate band. Deposits have grown 19.3% since 2020 while the branch count fell by 15.7%.
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: 5,651 in 2020 to 4,761 in 2025. Institutions: 205 to 176. Top-three share: 46.9% to 49.4%. Deposits per branch: $606M.
Institutions by deposits
The 176 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 | |
|---|---|---|---|---|---|
| New York County | New York | $813.7B | 1,664,862 | 38.2% | 61.5% |
| Kings County | New York | $114.7B | 2,653,963 | 5.4% | 2.4% |
| Queens County | New York | $111.1B | 2,358,182 | 5.2% | 2.7% |
| Suffolk County | New York | $108.2B | 1,546,090 | 5.1% | 2.2% |
| Nassau County | New York | $100.7B | 1,398,939 | 4.7% | 3.3% |
| Westchester County | New York | $93.3B | 1,015,743 | 4.4% | 9.5% |
| Bergen County | New Jersey | $83.5B | 977,026 | 3.9% | 2.4% |
| Middlesex County | New Jersey | $70.0B | 883,335 | 3.3% | 1.8% |
| Western Connecticut Planning Region | Connecticut | $61.2B | 640,482 | 2.9% | 2.2% |
| Essex County | New Jersey | $61.0B | 896,379 | 2.9% | 1.0% |
| Morris County | New Jersey | $60.7B | 524,251 | 2.8% | 0.9% |
| Hudson County | New Jersey | $52.1B | 735,033 | 2.4% | 1.7% |
| Mercer County | New Jersey | $46.6B | 399,289 | 2.2% | 0.8% |
| Somerset County | New Jersey | $45.8B | 356,486 | 2.1% | 0.6% |
| Bronx County | New York | $45.4B | 1,406,332 | 2.1% | 0.6% |
| Monmouth County | New Jersey | $42.0B | 651,035 | 2.0% | 1.0% |
| Union County | New Jersey | $41.4B | 601,863 | 1.9% | 0.8% |
| Greater Bridgeport Planning Region | Connecticut | $27.2B | 337,697 | 1.3% | 0.5% |
| Ocean County | New Jersey | $24.6B | 673,746 | 1.2% | 0.8% |
| Passaic County | New Jersey | $22.8B | 531,624 | 1.1% | 0.9% |
| Orange County | New York | $21.5B | 417,669 | 1.0% | 0.4% |
| Rockland County | New York | $19.0B | 357,397 | 0.9% | 0.5% |
| Richmond County | New York | $18.2B | 501,290 | 0.9% | 0.6% |
| Dutchess County | New York | $16.0B | 300,708 | 0.7% | 0.3% |
| Ulster County | New York | $8.1B | 183,330 | 0.4% | 0.2% |
| Hunterdon County | New Jersey | $7.9B | 131,781 | 0.4% | 0.2% |
| Sussex County | New Jersey | $5.3B | 148,063 | 0.2% | 0.2% |
| Putnam County | New York | $4.3B | 99,028 | 0.2% | 0.1% |
| Sullivan County | New York | $3.5B | 80,586 | 0.2% | 0.1% |
| Pike County | Pennsylvania | $1.5B | 62,808 | 0.1% | 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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