Cabarrus County, North Carolina, a county in the Charlotte-Concord, NC-SC market, holds $3.7B in deposits across 12 insured institutions and 35 branches. Wells Fargo Bank, National Association is the largest deposit holder at 26.7% share. The top three banks hold 60% of deposits, which places the county in the Concentrated band. Deposits have grown 27.0% since 2020 while the branch count fell by 12.5%. It produces $9.9B of output, ranking #364 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: 40 in 2020 to 35 in 2025. Institutions: 11 to 12. Top-three share: 65% to 60%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Wells Fargo Bank | $989M | 26.7% | +16% |
| Truist Bank | $658M | 17.8% | +30% |
| Fifth Third Bank | $575M | 15.5% | +10% |
| Uwharrie Bank | $251M | 6.8% | +22% |
| Bank of America | $240M | 6.5% | +43% |
| First-Citizens Bank & Trust Company | $238M | 6.4% | +44% |
| Pinnacle Bank | $225M | 6.1% | +23% |
| Farmers & Merchants Bank | $172M | 4.6% | +11% |
| Bank OZK | $166M | 4.5% | +103% |
| First Bank | $89M | 2.4% | +43% |
| JPMorgan Chase Bank | $88M | 2.4% | no 2020 presence |
| Woodforest National Bank | $11M | 0.3% | -3% |
The 12 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 Charlotte-Concord market
Cabarrus County is one of 18 counties that make up the Charlotte-Concord, NC-SC market, a Combined Statistical Area (ranked #19 of 293 U.S. markets by economic output). It produces 4.1% of the market’s output and holds 0.8% of its deposits.
| Measure | Cabarrus County | Share of parent market |
|---|---|---|
| 2024 GDP | $9.9B | 4.1% |
| Deposits | $3.7B | 0.8% |
| Population | 249,725 | 7.1% |
View the full Charlotte-Concord market profile →
Recruiting in Cabarrus County
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 Cabarrus County.
See how we help banks recruit commercial banking talent