Anderson County, South Carolina, a county in the Greenville-Spartanburg-Anderson, SC market, holds $4.2B in deposits across 17 insured institutions and 43 branches. Truist Bank is the largest deposit holder at 15.9% share. The top three institutions hold 42.0% of deposits, which places the county in the fragmented band. Deposits have grown 19.3% since 2020 while the branch count fell by 7. It produces $8.1B of output, ranking #416 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 50 in 2020 to 43 in 2025. Institutions: 17 to 17. Top-three share: 45.0% to 42.0%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Truist Bank | $662M | 15.9% | +6% |
| Wells Fargo Bank, National Association | $558M | 13.4% | +35% |
| SouthState Bank, National Association | $528M | 12.7% | +76% |
| The Peoples Bank | $390M | 9.4% | +33% |
| TD Bank, National Association | $362M | 8.7% | -32% |
| First-Citizens Bank & Trust Company | $353M | 8.5% | +26% |
| Bank of America, National Association | $270M | 6.5% | +26% |
| First Bank | $229M | 5.5% | no 2020 presence |
| United Community Bank | $210M | 5.0% | +37% |
| Dogwood State Bank | $167M | 4.0% | no 2020 presence |
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 Greenville-Spartanburg-Anderson market
Anderson County is one of 10 counties that make up the Greenville-Spartanburg-Anderson, SC market, a Combined Statistical Area (ranked #47 of 293 U.S. markets by economic output). It produces 9.9% of the market’s output and holds 11.4% of its deposits.
| Measure | Anderson County | Share of Greenville-Spartanburg-Anderson market |
|---|---|---|
| 2024 GDP | $8.1B | 9.9% |
| Deposits | $4.2B | 11.4% |
| Population | 219,930 | 13.3% |
View the full Greenville-Spartanburg-Anderson market profile →
Recruiting in Anderson County
Deposits are spread across a competitive field of institutions, so the bankers worth recruiting are dispersed across more of them. 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 Anderson County, on a retained basis.
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