Syracuse, N.Y. — The top bank by deposit market share for 2025 in the Syracuse area was M&T Bank, headquartered in Buffalo.

More than 22% of all bank deposits in the Syracuse metro area were held at M&T as of June 30, according to data from the Federal Deposit Insurance Corp . The Syracuse metro area includes Madison, Onondaga and Oswego counties.

M&T’s market share in Syracuse declined since 2024, when it was more than 24%.

Its total deposits fell from about $3.7 billion to about $3.55 billion. M&T has 28 branches in the Syracuse area, the most of any bank in the region.

Eleven of the 14 banks in the Syracuse market gained deposits between June 2024 and June 2025. In addition to M&T, the other two banks to lose deposits were Bank of America and Citizens Bank.

Community Bank, headqu

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