Market Intelligence

Broward County, FL

Banking market profile · FDIC Summary of Deposits (SOD), June 30, 2025

Broward County, Florida, a core county of the Miami-Port St. Lucie-Fort Lauderdale, FL market, holds $69.7B in deposits across 44 insured institutions and 369 branches. Bank of America, National Association is the largest deposit holder at 23.2% share. The top three banks hold 51% of deposits, which places the county in the Moderate band. Deposits have grown 9.6% since 2020 while the branch count fell by 14.8%. It produces $136.6B of output, ranking #25 of the 1,523 ranked counties by economic output.

Economic scale
2024 Real GDP
$136.6B
#25 of 1,523
Population
2,013,317
#17 of 1,523
GDP per Capita
$67,873
#220 of 1,523
Deposit market
Deposits (SOD, 6/30/25)
$69.7B
#40 of 1,523
Deposits per Capita
$34,614
#254 of 1,523
Deposits per Branch
$189M
#113 of 1,523
Competitive structure
Insured Institutions
44
#28 of 1,523
Branches per 100k Pop.
18.3
#1,115 of 1,523
Median Deposits per Institution
$341M
The median deposits booked by a single institution in the county. #116 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
20.5%
of county deposits held by banks with $100M to $100B in assets. #1,438 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
51%
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, 2020 to 2025)+9.6% over 5 years
$63.6B
2020
$70.4B
2021
$80.8B
2022
$71.9B
2023
$68.9B
2024
$69.7B
2025

Branches: 433 in 2020 to 369 in 2025. Institutions: 45 to 44. Top-three share: 54% to 51%.

Institutions by deposits

InstitutionDepositsShareBranches5‑yr
deposits
Bank of America$16.2B23.3%53+12%
JPMorgan Chase Bank$9.9B14.2%45+42%
Wells Fargo Bank$9.5B13.6%51-21%
Truist Bank$9.2B13.1%41+12%
Citibank$3.8B5.4%15+5%
TD Bank$2.8B4.0%23+26%
BankUnited$1.8B2.6%13-26%
Centennial Bank$1.8B2.6%13-2%
Synovus Bank$1.4B2.0%6-2%
City National Bank of Florida$1.4B2.0%5+51%
Flagstar Bank$1.3B1.9%8+3%
PNC Bank$1.2B1.8%20+17%
Regions Bank$1.0B1.5%14+3%
Fifth Third Bank$995M1.4%8+125%
First Horizon Bank$907M1.3%4+23%
OptimumBank$865M1.2%3+526%
Valley National Bank$526M0.8%2+47%
The Northern Trust Company$505M0.7%1-14%
Amerant Bank$489M0.7%5+36%
United Community Bank$483M0.7%2no 2020 presence
EverBank$431M0.6%1-14%
SouthState Bank$354M0.5%3+18%
Third Federal Savings and Loan Association of Cleveland$329M0.5%3+21%
Seacoast National Bank$305M0.4%4+285%
First-Citizens Bank & Trust Company$278M0.4%2+89%
Desjardins Bank$255M0.4%2+62%
Locality Bank$250M0.4%1no 2020 presence
FirstBank Puerto Rico$227M0.3%2-57%
Evermore Bank$178M0.3%1no 2020 presence
Popular Bank$164M0.2%2+120%
Natbank$155M0.2%2+24%
Bank OZK$116M0.2%1+2%
U. S. Century Bank$110M0.2%1-26%
Comerica Bank$107M0.2%1+119%
Ocean Bank$99M0.1%2+203%
Banco do Brasil Americas$94M0.1%1+322%
Citizens Bank$88M0.1%1no 2020 presence
First National Bank of Coffee County$80M0.1%1+96%
Amerasia Bank$69M0.1%1+93%
Anchor Bank$31M<0.1%1no 2020 presence
Capital Bank$8M<0.1%1no 2020 presence
Pacific National Bank$7M<0.1%1no 2020 presence
First State Bank of the Florida Keys$0M0.0%1no 2020 presence
BNY Mellon$0M0.0%1no 2020 presence

The 44 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, 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. “No 2020 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 Miami-Port St. Lucie-Fort Lauderdale market

Broward County is one of 8 counties that make up the Miami-Port St. Lucie-Fort Lauderdale, FL market, a Combined Statistical Area (ranked #12 of 293 U.S. markets by economic output). It produces 27.9% of the market’s output and holds 19.3% of its deposits.

MeasureBroward CountyShare of parent market
2024 GDP$136.6B27.9%
Deposits$69.7B19.3%
Population2,013,31727.7%

View the full Miami-Port St. Lucie-Fort Lauderdale market profile →

Recruiting in Broward 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 Broward County.

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