Albemarle County, Virginia, a core county of the Charlottesville, VA market, holds $2.8B in deposits across 15 insured institutions and 27 branches. Truist Bank is the largest deposit holder at 22.2% share. The top three banks hold 57% of deposits, which places the county in the Moderate band. Deposits have grown 15.8% since 2020 while the branch count fell by 10.0%. It produces $10.2B of output, ranking #352 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: 30 in 2020 to 27 in 2025. Institutions: 14 to 15. Top-three share: 55% to 57%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Truist Bank | $616M | 22.2% | +7% |
| Wells Fargo Bank | $538M | 19.5% | +50% |
| Virginia National Bank | $427M | 15.4% | +39% |
| Atlantic Union Bank | $365M | 13.2% | -2% |
| United Bank | $192M | 6.9% | +11% |
| Bank of America | $191M | 6.9% | -23% |
| First-Citizens Bank & Trust Company | $143M | 5.2% | +35% |
| Blue Ridge Bank | $102M | 3.7% | +12% |
| Old Dominion National Bank | $82M | 3.0% | -3% |
| JPMorgan Chase Bank | $36M | 1.3% | +132% |
| Bank of the James | $26M | 0.9% | +62% |
| Citizens and Farmers Bank | $19M | 0.7% | no 2020 presence |
| Carter Bank & Trust | $16M | 0.6% | no 2020 presence |
| Pioneer Bank | $11M | 0.4% | +13% |
| First National Bank | $4M | 0.2% | no 2020 presence |
The 15 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 Charlottesville market
Albemarle County is one of 5 counties that make up the Charlottesville, VA market, a Metropolitan Statistical Area (ranked #151 of 293 U.S. markets by economic output). It produces 63.5% of the market’s output and holds 45.5% of its deposits.
| Measure | Albemarle County | Share of parent market |
|---|---|---|
| 2024 GDP | $10.2B | 63.5% |
| Deposits | $2.8B | 45.5% |
| Population | 118,356 | 51.8% |
View the full Charlottesville market profile →
Recruiting in Albemarle 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 Albemarle County.
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