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 institutions hold 57.1% of deposits, which places the county in the moderately concentrated band. Deposits have grown 15.8% since 2020 while the branch count fell by 3. It produces $10.2B of output, ranking #352 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 30 in 2020 to 27 in 2025. Institutions: 14 to 15. Top-three share: 54.6% to 57.1%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Truist Bank | $616M | 22.2% | +7% |
| Wells Fargo Bank, National Association | $538M | 19.4% | +50% |
| Virginia National Bank | $427M | 15.4% | +39% |
| Atlantic Union Bank | $365M | 13.2% | -2% |
| United Bank | $192M | 6.9% | +11% |
| Bank of America, National Association | $191M | 6.9% | -23% |
| First-Citizens Bank & Trust Company | $143M | 5.2% | +35% |
| Blue Ridge Bank, National Association | $102M | 3.7% | +12% |
| Old Dominion National Bank | $82M | 3.0% | -3% |
| JPMorgan Chase Bank, National Association | $36M | 1.3% | +132% |
The 10 insured institutions with a branch presence in this county, as of 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. Even so, a large gain can reflect acquisition rather than competitive growth; “no 2020 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year.
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 Charlottesville 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, on a retained basis.
Start a confidential conversation