Bedford County, Virginia, a core county of the Lynchburg, VA market, holds $1.9B in deposits across 12 insured institutions and 20 branches. Atlantic Union Bank is the largest deposit holder at 18.0% share. The top three banks hold 47% of deposits, which places the county in the Moderate band. Deposits have grown 15.1% since 2021 while the branch count rose by 5.3%. It produced $2.1B of real gross domestic product in 2024, ranking #919 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: 19 in 2021 to 20 in 2026. Institutions: 11 to 12. Top-three share: 51% to 47%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Atlantic Union Bank | $338M | 18.0% | +26% |
| Wells Fargo Bank | $280M | 14.9% | -1% |
| Select Bank | $272M | 14.5% | -2% |
| The First Bank and Trust Company | $220M | 11.7% | +115% |
| Truist Bank | $205M | 10.9% | +10% |
| Bank of the James | $199M | 10.6% | +6% |
| Pinnacle Bank | $99M | 5.3% | +702% |
| Carter Bank & Trust | $92M | 4.9% | -18% |
| First National Bank | $72M | 3.8% | +49% |
| First-Citizens Bank & Trust Company | $54M | 2.9% | -64% |
| Bank of Botetourt | $38M | 2.0% | no 2021 presence |
| Woodforest National Bank | $6M | 0.3% | +53% |
The 12 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 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 parent market |
|---|---|---|
| 2024 GDP | $2.1B | 19.2% |
| Deposits | $1.9B | 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.
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