Buncombe County, North Carolina, a core county of the Asheville-Waynesville-Brevard, NC market, holds $7.5B in deposits across 22 insured institutions and 67 branches. Wells Fargo Bank is the largest deposit holder at 17.7% share. The top three banks hold 48% of deposits, which places the county in the Moderate band. Deposits have grown 1.1% since 2021 while the branch count fell by 8.2%. It produced $16.4B of real gross domestic product in 2024, ranking #251 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: 73 in 2021 to 67 in 2026. Institutions: 18 to 22. Top-three share: 53% to 48%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Wells Fargo Bank | $1.3B | 17.7% | -14% |
| First-Citizens Bank & Trust Company | $1.2B | 16.6% | +17% |
| Truist Bank | $1.0B | 13.4% | -24% |
| HomeTrust Bank | $972M | 13.0% | +52% |
| First Bank | $840M | 11.2% | +5% |
| Bank of America | $741M | 9.9% | -6% |
| TD Bank | $325M | 4.3% | -41% |
| First Horizon Bank | $231M | 3.1% | +5% |
| PNC Bank | $224M | 3.0% | -15% |
| Fifth Third Bank | $160M | 2.1% | +284% |
| First National Bank of Pennsylvania | $101M | 1.3% | +1,112% |
| The Park National Bank | $96M | 1.3% | +3% |
| Pinnacle Bank | $75M | 1.0% | +68% |
| ServisFirst Bank | $63M | 0.8% | no 2021 presence |
| Black Mountain Savings Bank, SSB | $38M | 0.5% | +4% |
| Bank OZK | $19M | 0.3% | no 2021 presence |
| TruPoint Bank | $16M | 0.2% | -37% |
| JPMorgan Chase Bank | $12M | 0.2% | no 2021 presence |
| Movement Bank | $9M | 0.1% | no 2021 presence |
| Woodforest National Bank | $8M | 0.1% | +31% |
| Old National Bank | $0M | 0.0% | no 2021 presence |
| AMG National Trust Bank | $0M | 0.0% | no 2021 presence |
The 22 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 Asheville-Waynesville-Brevard market
Buncombe County is one of 5 counties that make up the Asheville-Waynesville-Brevard, NC market, a Combined Statistical Area (ranked #110 of 293 U.S. markets by economic output). It produces 63.7% of the market’s output and holds 62.2% of its deposits.
| Measure | Buncombe County | Share of parent market |
|---|---|---|
| 2024 GDP | $16.4B | 63.7% |
| Deposits | $7.5B | 62.2% |
| Population | 277,417 | 53.4% |
View the full Asheville-Waynesville-Brevard market profile →
Recruiting in Buncombe 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 Buncombe County.
See how we help banks recruit commercial banking talent