BranchWatch

Banks in Connecticut

Deposit market share, branch network and structure changes for Connecticut, from official FDIC data.

Active branches
930
Deposits (2025)
$177.5B
Closings on record
273
Openings on record
70

Largest retail branch networks in Connecticut (2025)

BankDepositsShareYoYBranches
Bank of America$40.8B23%+8.5%82
Webster Bank$40.4B22.8%+10.6%95
M&T Bank$19.6B11%+3.8%109
TD Bank$8.9B5%-5.3%50
Chase Bank$8.6B4.9%-0.7%63
Wells Fargo$8.1B4.6%-0.6%47
Liberty Bank$6.7B3.8%+7.4%50
KeyBank$5.2B3%+4.3%47
Citizens Bank$3.9B2.2%+15.3%30
Citibank$3.7B2.1%+17.6%12
Bankwell Bank$2.8B1.6%+3.7%10
Union Savings Bank$2.4B1.3%+5.7%26
Santander Bank$1.9B1.1%+2.4%13
Ion Bank$1.8B1%+4.1%23
First County Bank$1.8B1%-1.0%14
Thomaston Savings Bank$1.6B0.9%+1.4%16
Newtown Savings Bank$1.5B0.8%+3.0%19
Fairfield County Bank$1.4B0.8%-6.8%17
Ives Bank$1.3B0.7%+10.9%16
Chelsea Groton Bank$1.2B0.7%-1.8%14
Ascend Bank$1.0B0.6%+6.2%13
Northwest Community Bank$1.0B0.6%+3.1%15
Dime Bank$845M0.5%+3.8%13
The Torrington Savings Bank$806M0.5%+8.3%10

Includes institutions reporting at least five active branches in Connecticut. Deposit share is calculated against all deposits assigned to Connecticut offices, so the shares shown do not sum to 100%.

All institutions by deposits assigned to Connecticut offices

BankDepositsShareYoYBranches
Bank of America$40.8B23%+8.5%82
Webster Bank$40.4B22.8%+10.6%95
M&T Bank$19.6B11%+3.8%109
TD Bank$8.9B5%-5.3%50
Chase Bank$8.6B4.9%-0.7%63
Wells Fargo$8.1B4.6%-0.6%47
Liberty Bank$6.7B3.8%+7.4%50
KeyBank$5.2B3%+4.3%47
Citizens Bank$3.9B2.2%+15.3%30
Citibank$3.7B2.1%+17.6%12
Bankwell Bank$2.8B1.6%+3.7%10
Union Savings Bank$2.4B1.3%+5.7%26
Santander Bank$1.9B1.1%+2.4%13
Ion Bank$1.8B1%+4.1%23
First County Bank$1.8B1%-1.0%14
Thomaston Savings Bank$1.6B0.9%+1.4%16
Berkshire Bank$1.6B0.9%+10.1%0
Newtown Savings Bank$1.5B0.8%+3.0%19
Fairfield County Bank$1.4B0.8%-6.8%17
Ives Bank$1.3B0.7%+10.9%16
Chelsea Groton Bank$1.2B0.7%-1.8%14
Ascend Bank$1.0B0.6%+6.2%13
Northwest Community Bank$1.0B0.6%+3.1%15
Dime Bank$845M0.5%+3.8%13
The Torrington Savings Bank$806M0.5%+8.3%10

Deposit location reflects the office to which deposits are reported and may not represent the residence of depositors. Banks that book nationwide deposits at a single office (for example brokerage or direct banks) can rank far above their local branch presence.

Closings (most recent 200 of 273)

Transcribed from FDIC BankFind Suite structure-change records, active-location records and the annual Summary of Deposits (June 30 reporting date). Market share is each bank's share of all deposits assigned to FDIC-insured offices in the state.