BANK & CREDIT UNION INTELLIGENCE

Banks in Essex County, MA

32 FDIC-insured banks operate 216 branches in Essex County, Massachusetts, holding $31.46B in total deposits as of the 2026 FDIC Summary of Deposits. Salem Five Cents Savings Bank leads the market with 15.0% share. Deposit market share is the clearest available measure of competitive position in a local market: it reflects where households and businesses actually keep their money, rather than where institutions advertise or how many branches they operate.

Essex County market profile

Understanding a deposit market requires knowing the market itself. These figures come from the US Census Bureau American Community Survey 2024 five-year estimates. Median family income is the measure federal regulators use to define low- and moderate-income thresholds under the Community Reinvestment Act, which is why it is reported here separately from household income.

Population813,054
Median family income$128,792
Median home value$619,100
Banks operating in county32
Bank branches216

Deposit market share in Essex County

Ranked by deposits held within county borders. A bank's county deposits are the sum across all of its branches in that county, so an institution with several locations appears once. Figures are as of June 30, 2026, the annual reporting date for the FDIC Summary of Deposits.

RankBankDepositsShareBranches
1 Salem Five Cents Savings Bank $4.73B 15.02% 20
2 TD Bank, National Association $3.99B 12.69% 19
3 Eastern Bank $3.57B 11.35% 20
4 Institution for Savings in Newburyport and Its Vicinity $3.37B 10.70% 13
5 Bank of America, National Association $2.89B 9.20% 11
6 Santander Bank, N.A. $1.97B 6.28% 15
7 TruNorth Bank $1.38B 4.39% 13
8 Rockland Trust Company $1.33B 4.22% 10
9 Citizens Bank, National Association $1.13B 3.58% 11
10 Newburyport Five Cents Savings Bank $909.0M 2.89% 7
11 Cape Ann Savings Bank $804.8M 2.56% 4
12 Manufacturers and Traders Trust Company $725.3M 2.31% 15
13 Pentucket Bank $583.2M 1.85% 4
14 Beacon Bank and Trust $479.6M 1.52% 6
15 Haverhill Bank $456.6M 1.45% 6
16 JPMorgan Chase Bank, National Association $416.7M 1.32% 9
17 The National Grand Bank of Marblehead $365.8M 1.16% 2
18 BankGloucester $304.2M 0.97% 3
19 Everett Co-operative Bank $279.4M 0.89% 1
20 Needham Bank $277.9M 0.88% 3
21 Reading Co-operative Bank $250.3M 0.80% 5
22 Marblehead Bank $229.4M 0.73% 3
23 The Lowell Five Cent Savings Bank $228.0M 0.72% 2
24 The Savings Bank $168.1M 0.53% 4
25 Methuen Co-operative Bank $127.6M 0.41% 1
26 PNC Bank, National Association $127.4M 0.40% 1
27 Bank of New England $99.0M 0.31% 3
28 Salem Co-operative Bank $84.3M 0.27% 1
29 NorthEast Community Bank $67.3M 0.21% 1
30 Winchester Savings Bank $55.8M 0.18% 1
31 Eagle Bank $39.8M 0.13% 1
32 First-Citizens Bank & Trust Company $20.1M 0.06% 1

About this data

The FDIC Summary of Deposits is an annual survey of branch office deposits filed by every FDIC-insured institution as of June 30 each year. It is the authoritative source for local deposit market share and is the dataset regulators use when assessing competitive effects of bank mergers. Because it is annual, it reflects a point in time rather than current balances. Vault republishes it without modification, free to access and free to cite. Available to AI agents at vaultbot.ai/mcp.