Bedford County, Virginia, a core county of the Lynchburg, VA market, holds $1.8B in deposits across 13 insured institutions and 21 branches. Atlantic Union Bank is the largest deposit holder at 17.6% share. The top three institutions hold 47.2% of deposits, which places the county in the moderately concentrated band. Deposits have grown 27.6% since 2020. It produces $2.1B of output, ranking #919 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 21 in 2020 to 21 in 2025. Institutions: 11 to 13. Top-three share: 49.5% to 47.2%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Atlantic Union Bank | $324M | 17.6% | +35% |
| Select Bank | $273M | 14.8% | +28% |
| Wells Fargo Bank, National Association | $272M | 14.8% | +5% |
| Bank of the James | $202M | 11.0% | +22% |
| Truist Bank | $198M | 10.7% | +4% |
| The First Bank and Trust Company | $185M | 10.0% | +132% |
| Carter Bank & Trust | $91M | 5.0% | -9% |
| First-Citizens Bank & Trust Company | $87M | 4.7% | -37% |
| Pinnacle Bank | $85M | 4.6% | +609% |
| First National Bank | $64M | 3.5% | +58% |
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 Lynchburg market
Bedford County is one of 5 counties that make up the Lynchburg, VA market, a Metropolitan Statistical Area (ranked #186 of 293 U.S. markets by economic output). It produces 19.2% of the market’s output and holds 30.2% of its deposits.
| Measure | Bedford County | Share of Lynchburg market |
|---|---|---|
| 2024 GDP | $2.1B | 19.2% |
| Deposits | $1.8B | 30.2% |
| Population | 83,059 | 30.9% |
View the full Lynchburg market profile →
Recruiting in Bedford 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 Bedford County, on a retained basis.
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