Baltimore city, Maryland, a core county of the Washington-Baltimore-Arlington, DC-MD-VA-WV-PA market, holds $42.5B in deposits across 19 insured institutions and 95 branches. Bank of America is the largest deposit holder at 44.7% share. The top three banks hold 82% of deposits, which places the county in the Concentrated band. Deposits have grown 6.7% since 2021 while the branch count fell by 13.6%. It produced $51.9B of real gross domestic product in 2024, ranking #86 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: 110 in 2021 to 95 in 2026. Institutions: 23 to 19. Top-three share: 83% to 82%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Bank of America | $19.0B | 44.7% | +5% |
| Manufacturers and Traders Trust Company | $11.3B | 26.6% | +4% |
| PNC Bank | $4.3B | 10.2% | +22% |
| Truist Bank | $4.0B | 9.3% | +162% |
| Wells Fargo Bank | $2.2B | 5.1% | -48% |
| First National Bank of Pennsylvania | $343M | 0.8% | -22% |
| JPMorgan Chase Bank | $285M | 0.7% | +298% |
| TD Bank | $248M | 0.6% | +76% |
| The Harbor Bank of Maryland | $240M | 0.6% | +4% |
| Fulton Bank | $220M | 0.5% | +12% |
| BayVanguard Bank | $70M | 0.2% | -18% |
| Capital One | $68M | 0.2% | -32% |
| WesBanco Bank, Inc. | $67M | 0.2% | -16% |
| CFG Bank | $66M | 0.2% | +107% |
| Homewood Federal Savings Bank | $50M | 0.1% | +12% |
| FVCbank | $38M | 0.1% | +36% |
| Univest Bank and Trust Co. | $20M | <0.1% | no 2021 presence |
| Stifel Trust Company | $0M | 0.0% | no 2021 presence |
| Wilmington Trust | $0M | 0.0% | no 2021 presence |
The 19 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 Washington-Baltimore-Arlington market
Baltimore city is one of 42 counties that make up the Washington-Baltimore-Arlington, DC-MD-VA-WV-PA market, a Combined Statistical Area (ranked #4 of 293 U.S. markets by economic output). It produces 6.0% of the market’s output and holds 9.9% of its deposits.
| Measure | Baltimore city | Share of parent market |
|---|---|---|
| 2024 GDP | $51.9B | 6.0% |
| Deposits | $42.5B | 9.9% |
| Population | 569,997 | 5.5% |
View the full Washington-Baltimore-Arlington market profile →
Recruiting in Baltimore city
Deposits are held closely by the largest banks, which often means the bankers worth recruiting are inside a small 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 Baltimore city.
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