The Federal Deposit Insurance Corp. has released its annual snasphot of how financial institutions split up the deposit pie in Western New York.
M&T Bank Corp. remained securely at the top, increasing its deposit market share to 47.2 percent from 42.75 percent the year before. As of June 30, M&T reported deposits of $15.6 billion -- out of $33 billion for the entire market -- spread across 57 branches.
First Niagara Financial Group remained second in market share, improving its percentage to 27.6 from 26.2 a year ago. It reported deposits of $9.1 billion at 57 branches.
The most notable change was at third. KeyBank moved up to No. 3 from No. 4, with 10.7 percent of the market. HSBC Bank USA was No. 3 last year, but has sold its upstate retail branch network. So HSBC disappeared from the local rankings and its 8.76 percent market share from 2012 was absorbed by other institutions.
No. 4 on the list was Citizens Financial Group (4.76 percent), followed by Bank of America (3.98 percent) and Evans Bank (1.96 percent).
Total deposits in the Western New York market increased 2.2 percent from a year ago.
-- Matt Glynn