Market Intelligence

Alcorn County, MS

Banking market profile · FDIC Summary of Deposits (SOD), June 30, 2026

Alcorn County, Mississippi, a core county of the Tupelo-Corinth, MS market, holds $884M in deposits across 10 insured institutions and 16 branches. The Huntington National Bank is the largest deposit holder at 24.5% share. The top three banks hold 58% of deposits, which places the county in the Moderate band. Deposits have fallen 0.9% since 2021 while the branch count fell by 5.9%. It produced $1.3B of real gross domestic product in 2024, ranking #1,115 of the 1,523 ranked counties by economic output.

Economic scale
2024 Real GDP
$1.3B
#1,115 of 1,523
Population
34,569
#1,101 of 1,523
GDP per Capita
$36,397
#1,022 of 1,523
Deposit market
Deposits (SOD, 6/30/26)
$884M
#1,012 of 1,523
Deposits per Capita
$25,581
#610 of 1,523
Deposits per Branch
$55M
#1,339 of 1,523
Competitive structure
Insured Institutions
10
#637 of 1,523
Branches per 100k Pop.
46.3
#135 of 1,523
Median Deposits per Institution
$85M
The median deposits booked by a single institution in the county. #1,063 of 1,523. A lower figure means institutions typically hold smaller deposit positions here; it reflects local deposit presence, not an institution’s overall size. See Community & Regional Bank Share for institution scale.
Community & Regional Bank Share
61.4%
of county deposits held by banks with $100M to $100B in assets. #905 of 1,523. A higher share points to a market where small to mid-size institutions, the kind that compete on relationships and local decision-making, hold more ground.
Top-3 Banks’ Deposit Share: Moderate
58%
The combined deposit share of the top three banks by deposits in the county. A lower share means deposits are spread across more institutions.

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

County Deposits (SOD, 2021 to 2026)-0.9% over 5 years
$892M
2021
$895M
2022
$901M
2023
$930M
2024
$956M
2025
$884M
2026

Branches: 17 in 2021 to 16 in 2026. Institutions: 9 to 10. Top-three share: 64% to 58%.

Institutions by deposits

InstitutionDepositsShareBranches5‑yr
deposits
The Huntington National Bank$217M24.5%2-15%
Commerce Bank$149M16.8%1+10%
Trustmark Bank$148M16.7%2-18%
Regions Bank$125M14.1%1-9%
Renasant Bank$103M11.7%2+61%
Farmers and Merchants Bank$66M7.5%30%
CB&S Bank, Inc.$58M6.5%2+35%
Home Banking Company$13M1.5%1+65%
Woodforest National Bank$4M0.4%10%
Guaranty Bank and Trust Company$2M0.2%1no 2021 presence

The 10 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, June 30, 2026. Five-year change compares the same institution’s county deposits in 2021 and 2026. 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 2021 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 Tupelo-Corinth market

Alcorn County is one of 4 counties that make up the Tupelo-Corinth, MS market, a Combined Statistical Area (ranked #234 of 293 U.S. markets by economic output). It produces 16.8% of the market’s output and holds 13.2% of its deposits.

MeasureAlcorn CountyShare of parent market
2024 GDP$1.3B16.8%
Deposits$884M13.2%
Population34,56920.6%

View the full Tupelo-Corinth market profile →

Recruiting in Alcorn 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 Alcorn County.

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