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FinObservatory

County banking markets / NJ / 34003

BergenNew Jersey

FIPS 34003. Branch offices reported to the FDIC Summary of Deposits, June 30 of each survey year, 19942025. One of 21 counties in New Jersey’s 2025 survey.

348
Branch offices
June 30, 2025
46
Institutions
55 in 1994
567
Branch-count HHI
unconcentrated (2010 HMG)
777
Deposit HHI
see the caveat below

Concentration, 19942025

Branch-count HHI squares each institution’s share of the county’s branch offices; deposit HHI squares its share of county deposits. The bands are the 2010 Horizontal Merger Guidelines classification, the dashed line the 1,800 level above which the Federal Reserve reviews a merger centrally. In 2025 this market is unconcentrated on branches (567) and unconcentrated on deposits (777).

Branch-count HHIDeposit HHI
01,0002,0003,0001,800 (Fed screen)19942000201020202025

Source: FDIC Summary of Deposits | DOJ & FTC, Horizontal Merger Guidelines (2010), section 5.3 | Federal Reserve, Competitive Effects of Mergers and Acquisitions FAQs Both indices computed from the SOD branch rows for this county, June 30 of each survey year. Neither is the Fed's screen HHI: no thrift weighting, no exclusion of specialty and internet banks, no central-booking adjustment. Methodology

Branches and institutions

413 branch offices and 55 institutions in 1994; 348 and 46 in 2025. Deposits booked in the county went from $20.19B to $68.62B, nominal.

Branch officesInstitutions
020040060019942000201020202025

Source: FDIC Summary of Deposits FDIC Summary of Deposits, June 30 of each survey year, 1994-2025. Methodology

Who holds the deposits, 2025

Every institution with a branch in the county, ranked by deposits booked here. Both shares are shown because they are the two indices above: squaring and summing the deposit column gives the deposit HHI, the branch column the branch-count HHI.

#InstitutionDepositsDeposit shareBranchesBranch share
1TD Bank, National Association cert 18409$9.57B13.95%349.77%
2JPMorgan Chase Bank, National Association cert 628$8.94B13.03%3510.06%
3Bank of America, National Association cert 3510$7.58B11.04%288.05%
4Cross River Bank cert 58410$6.65B9.69%10.29%
5Valley National Bank cert 9396$5.00B7.29%3610.34%
6ConnectOne Bank cert 57919$4.76B6.94%61.72%
7Wells Fargo Bank, National Association cert 3511$2.97B4.33%185.17%
8Columbia Bank cert 28834$2.95B4.30%205.75%
9Manufacturers and Traders Trust Company cert 588$2.72B3.97%195.46%
10PNC Bank, National Association cert 6384$2.22B3.23%164.60%
11Spencer Savings Bank, SLA cert 30076$1.82B2.65%164.60%
12Provident Bank cert 12010$1.78B2.59%144.02%
13Citibank, National Association cert 7213$1.53B2.23%51.44%
14Kearny Bank cert 28765$1.13B1.65%102.87%
15Blue Foundry Bank cert 30052$1.12B1.64%113.16%
16Bank of Hope cert 26610$717.5M1.05%30.86%
17Woori America Bank cert 24920$691.2M1.01%41.15%
18First Commerce Bank cert 58054$631.4M0.92%30.86%
19Freedom Bank cert 58712$620.2M0.90%41.15%
20Capital One, National Association cert 4297$604.5M0.88%41.15%
21Bogota Savings Bank cert 29941$560.0M0.82%72.01%
22Citizens Bank, National Association cert 57957$516.4M0.75%61.72%
23New Millennium Bank cert 35151$458.1M0.67%41.15%
24Hana Bank USA, National Association cert 26790$432.2M0.63%10.29%
25Ion Bank cert 18198$412.2M0.60%102.87%
26BCB Community Bank cert 35541$397.9M0.58%30.86%
27Santander Bank, N.A. cert 29950$384.8M0.56%30.86%
28NewBank cert 58203$249.6M0.36%30.86%
29Unity Bank cert 33503$191.0M0.28%20.57%
30Ascendia Bank cert 28729$141.9M0.21%20.57%
31PCB Bank cert 57463$139.9M0.20%20.57%
32Shinhan Bank America cert 33188$129.4M0.19%20.57%
33Hanmi Bank cert 24170$123.0M0.18%10.29%
34Alma Bank cert 58424$102.3M0.15%20.57%
35Haven Savings Bank cert 30039$86.8M0.13%10.29%
36The Bank of Princeton cert 58513$76.6M0.11%20.57%
37Apple Bank cert 16068$60.8M0.09%10.29%
38Commonwealth Business Bank cert 57873$54.0M0.08%10.29%
39Metro City Bank cert 58181$32.6M0.05%10.29%
40First IC Bank cert 34998$28.3M0.04%10.29%
41GSL Savings Bank cert 28708$24.3M0.04%10.29%
42TrustCo Bank cert 31945$11.2M0.02%10.29%
43Modern Bank, National Association cert 22398$0K0.00%10.29%
44Atlantic Community Bankers Bank cert 24829$0K0.00%10.29%
45Wilmington Trust, National Association cert 34069$0K0.00%10.29%
46Five Rivers Bank cert 59345$0K0.00%10.29%

Source: FDIC Summary of Deposits June 30, 2025. Branch rows grouped by FDIC certificate; names as reported to the survey. Deposit share is n/a where the county's total SOD deposits are zero. Methodology

Back to county banking markets, up to New Jersey, or read the methodology for the two HHI constructions and what they cannot tell you.