Carroll County, Maryland, a county in the Washington-Baltimore-Arlington, DC-MD-VA-WV-PA market, holds $5.2B in deposits across 10 insured institutions and 38 branches. Truist Bank is the largest deposit holder at 28.0% share. The top three banks hold 68% of deposits, which places the county in the Concentrated band. Deposits have grown 7.4% since 2021 while the branch count fell by 11.6%. It produced $6.8B of real gross domestic product in 2024, ranking #483 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: 43 in 2021 to 38 in 2026. Institutions: 9 to 10. Top-three share: 69% to 68%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Truist Bank | $1.4B | 28.0% | 0% |
| PNC Bank | $1.4B | 26.3% | +8% |
| Manufacturers and Traders Trust Company | $699M | 13.5% | +17% |
| Bank of America | $451M | 8.7% | +2% |
| Farmers and Merchants Bank | $377M | 7.3% | +20% |
| ACNB Bank | $273M | 5.3% | -23% |
| Wells Fargo Bank | $268M | 5.2% | +11% |
| Atlantic Union Bank | $160M | 3.1% | +104% |
| WesBanco Bank, Inc. | $121M | 2.3% | +52% |
| JPMorgan Chase Bank | $17M | 0.3% | no 2021 presence |
The 10 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 Washington-Baltimore-Arlington market
Carroll County is one of 42 counties that make up the Washington-Baltimore-Arlington, DC-MD-VA-WV-PA market, a Combined Statistical Area (ranked #4 of 293 U.S. markets by economic output). It produces 0.8% of the market’s output and holds 1.2% of its deposits.
| Measure | Carroll County | Share of parent market |
|---|---|---|
| 2024 GDP | $6.8B | 0.8% |
| Deposits | $5.2B | 1.2% |
| Population | 176,677 | 1.7% |
View the full Washington-Baltimore-Arlington market profile →
Recruiting in Carroll 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 Carroll County.
See how we help banks recruit commercial banking talent