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  • About New York:
    New York is home to the headquarters of 203 banks, and has 5,119 bank branches located within its borders.
  • Of the 50 states in the U.S., New York ranks 4th for banking size. This rank is because all of the banks in NY have a combined asset size of $758 Billion.
  • Ranked by asset size, the largest bank headquartered in New York is Merrill Lynch Bank & Trust Co., FSB. The percentage of state bank assets held by Merrill Lynch Bank & Trust Co., FSB is 4.57 %. On the opposite end of this spectrum is Guardian Trust, the smallest bank in New York. Guardian Trust has a total asset size of $7 Million.
  • New York has 79,245 people employed full-time at the banks headquartered within its borders.
  • Banks in live auctions competing for your deposits can get you a higher yield than the average APY normally available in New York. The average APY in New York for a 12 month bank CD is 0.69 %, while the overnight auction rate at MoneyAisle for the same product was 1.92 %! Try it out for yourself: Compare the live auction rates on MoneyAisle to the average rate offered in New York!

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New York Banks - Fast Facts

  • Banks HQ in NY: 203
  • Number of NY Branches: 5,119
  • Average Branch Deposit Size: $146 Million
  • NY HQ Banks Employ : 79,245 full-time employees
  • NY HQ Banks Assets: $758 Billion
  • Biggest Bank HQ in NY (Assets): Merrill Lynch Bank & Trust Co., FSB
  • Smallest Bank HQ in NY (Assets): Guardian Trust
  • % of US Bank Assets: 5.58 %

Data from FDIC as of 3/31/2009

Banks Headquartered in New York

(Largest Banks by Asset Size)

Banks with Branches in New York

(Largest Banks by Asset Size)