Alachua County, Florida, a core county of the Gainesville-Lake City, FL market, holds $5.6B in deposits across 16 insured institutions and 49 branches. Wells Fargo Bank, National Association is the largest deposit holder at 25.1% share. The top three banks hold 60% of deposits, which places the county in the Concentrated band. Deposits have grown 6.4% since 2020 while the branch count fell by 18.3%. It produces $16.5B of output, ranking #248 of the 1,523 ranked counties by economic output.
Ranks show where the county stands among the 1,523 ranked counties (those within a Combined or Metropolitan Statistical Area that have a branch). They describe relative position, not a rating of market quality or suitability.
Deposit trend
Branches: 60 in 2020 to 49 in 2025. Institutions: 16 to 16. Top-three share: 60% to 60%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Wells Fargo Bank | $1.4B | 25.1% | +13% |
| Bank of America | $1.4B | 24.7% | +4% |
| Ameris Bank | $554M | 9.8% | +26% |
| Truist Bank | $387M | 6.9% | +7% |
| JPMorgan Chase Bank | $323M | 5.7% | +249% |
| PNC Bank | $277M | 4.9% | -59% |
| Capital City Bank | $268M | 4.8% | +13% |
| SouthState Bank | $268M | 4.7% | -5% |
| TD Bank | $199M | 3.5% | -22% |
| Renasant Bank | $146M | 2.6% | +23% |
| Seacoast National Bank | $140M | 2.5% | no 2020 presence |
| Regions Bank | $93M | 1.7% | -16% |
| Barwick Banking Company | $64M | 1.1% | no 2020 presence |
| Millennium Bank | $52M | 0.9% | +42% |
| First Federal Bank | $40M | 0.7% | +1% |
| Florida Capital Bank | $18M | 0.3% | -14% |
The 16 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, June 30, 2025. Five-year change compares the same institution’s county deposits in 2020 and 2025. Institutions are tracked by FDIC certificate number, and where an institution acquired another bank, the acquired bank’s prior deposits are folded into the baseline so the change reflects the combined, continuing franchise rather than reading as new. “No 2020 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year. Deposit figures are nominal and are not adjusted for inflation.
Part of the Gainesville-Lake City market
Alachua County is one of 4 counties that make up the Gainesville-Lake City, FL market, a Combined Statistical Area (ranked #132 of 293 U.S. markets by economic output). It produces 78.8% of the market’s output and holds 66.2% of its deposits.
| Measure | Alachua County | Share of parent market |
|---|---|---|
| 2024 GDP | $16.5B | 78.8% |
| Deposits | $5.6B | 66.2% |
| Population | 290,028 | 67.0% |
View the full Gainesville-Lake City market profile →
Recruiting in Alachua County
Deposits are split among a moderate number of institutions. Who holds the deposits, and how contested the market is, shapes both the runway for growth and the competition you would be recruiting against. We recruit commercial relationship managers, banking teams, and market leaders for banks building in markets like Alachua County.
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