HARTFORDBUSINESS.COM | March 6, 2023 29
THE LISTS
LARGEST OUT-OF-STATE BANKS IN CONNECTICUT
Ranked by Conn. deposits as of June 30, 2022
Largest out-of-state banks in Connecticut
Ranked by Conn. deposits as of June 30, 2022
Rank Bank
Conn. deposits (000)
2022/
2021/
2020
% market share
2022/
2021/
2020
Conn. offices/
total U.S. offices
Parent company/
parent headquarters
1
Bank of America NA
30 State House Square,
Hartford, CT 06103
800-432-1000; bankofamerica.com
$44,720,763
$43,911,838
$40,429,756
24.97%
24.60%
24.78%
90
3,869
Bank of America Corp.
Charlotte, N.C.
2
Manufacturers & Traders Trust Co. (M&T Bank)
850 Main St.,
Bridgeport, CT 06604
800-724-2440; mtb.com
$24,802,646
$289,219
$297,678
13.85%
0.16%
0.18%
169
1,094
M&T Bank Corp.
(1)
Buffalo, N.Y.
3
JPMorgan Chase Bank
111 W. Putnam Ave.,
Greenwich, CT 06830
203-861-7379; chase.com
$10,144,100
$8,731,168
$7,227,692
5.66%
4.89%
4.43%
54
5,845
JP Morgan Chase & Co.
New York, N.Y.
4
Wells Fargo Bank NA
205 Church St.,
New Haven, CT 06510
800-869-3557; wellsfargo.com
$9,846,406
$9,811,556
$9,088,286
5.50%
5.50%
5.57%
57
4,767
Wells Fargo & Co.
San Francisco, Calif.
5
TD Bank
2461 Main St.,
Glastonbury, CT 06033
860-652-6507; tdbank.com
$9,814,007
$9,419,069
$8,009,374
5.48%
5.28%
4.91%
57
1,165
Toronto Dominion (TD) Bank
Toronto, Canada
6
Keybank NA
195 Church St.,
New Haven, CT 06510
800-539-2968; key.com
$5,374,016
$4,904,199
$5,069,024
3.00%
2.75%
3.11%
49
1,009
Key Corp.
Cleveland, Ohio
7
Citibank
16 Railroad Ave.,
Greenwich, CT 06830
800-627-3999; citibank.com
$5,300,000
$6,517,000
$6,071,000
2.96%
3.65%
3.72%
12
674
Citigroup Inc.
New York, N.Y.
8
Citizens Bank
39 Church St.,
New Haven, CT 06510
860-928-7921; citizensbank.com
$3,512,121
$3,563,010
$3,194,807
1.96%
2.00%
1.96%
33
1,172
Citizens Financial Group Inc.
Providence, R.I.
9
Signature Bank
75 Holly Hill Lane,
Greenwich, CT 06830
203-769-7040; signatureny.com
$2,151,416
$1,451,597
$974,742
1.20%
0.81%
0.60%
1
40
Signature Bank
New York, N.Y.
Source: Federal Deposit Insurance Corp. Note: All data as of June 30, 2022 except number of Conn. and U.S. offices. Listed address denotes branch with the highest deposits in Conn. per June 30, 2022 report.
N/A = Not available or not applicable.
(1) On April 2, 2022, Buffalo, New York's M&T Bank announced it had completed its acquisition of People's United Bank.
-Compiled by Heide Martin, hmartin@nebusinessmedia.com
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