Utica-Rome, NY holds $5.6 billion in deposits across 9 insured institutions and 58 branches, ranking #166 of 293 U.S. markets by economic output. Bank of Utica is the largest deposit holder at 18.6% share. The top three institutions hold 52.0% of deposits, which places the market in the moderate band. Deposits have grown 13% since 2020 while the branch count fell by 13.
Deposit trend
Branches: 71 in 2020 to 58 in 2025. Institutions: 10 to 9. Top-three share: 51.6% to 52.0%. Deposits per branch: $96M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Bank of Utica | 1.0B | 18.6% | +2% |
| Manufacturers and Traders Trust Company | 1.0B | 17.8% | +22% |
| NBT Bank | 0.9B | 15.5% | +20% |
| Adirondack Bank | 0.8B | 14.2% | +15% |
| Berkshire Bank | 0.7B | 13.1% | +18% |
| KeyBank | 0.5B | 9.2% | -1% |
| Community Bank | 0.5B | 8.2% | +32% |
| Citizens Bank | 0.2B | 3.1% | -15% |
| Woodforest National Bank | 0.0B | 0.2% | +50% |
All 9 insured institutions with a branch presence in this market, 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 |
|---|---|---|---|---|
| Oneida County | New York | $11,611M | 226,392 | 86.7% |
| Herkimer County | New York | $1,782M | 59,219 | 13.3% |
Recruiting in Utica
Deposits are neither closely held nor widely dispersed, which usually leaves room for a well-led team to take share without competing head-on with a dominant holder. 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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