Carteret County, North Carolina, a core county of the New Bern-Morehead City, NC market, holds $1.7B in deposits across 9 insured institutions and 18 branches. First-Citizens Bank & Trust Company is the largest deposit holder at 34.2% share. The top three institutions hold 76.1% of deposits, which places the county in the concentrated band. Deposits have grown 16.4% since 2020 while the branch count fell by 4. It produces $2.9B of output, ranking #794 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 22 in 2020 to 18 in 2025. Institutions: 10 to 9. Top-three share: 71.1% to 76.1%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| First-Citizens Bank & Trust Company | $591M | 34.2% | +57% |
| Truist Bank | $447M | 25.9% | +11% |
| Wells Fargo Bank, National Association | $276M | 16.0% | 0% |
| First Bank | $132M | 7.6% | +58% |
| Dogwood State Bank | $111M | 6.4% | -33% |
| United Bank | $74M | 4.3% | -8% |
| PNC Bank, National Association | $64M | 3.7% | -4% |
| Providence Bank | $28M | 1.6% | no 2020 presence |
| Woodforest National Bank | $4M | 0.2% | +24% |
The 9 insured institutions with a branch presence in this county, as of 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. Even so, a large gain can reflect acquisition rather than competitive growth; “no 2020 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year.
Part of the New Bern-Morehead City market
Carteret County is one of 4 counties that make up the New Bern-Morehead City, NC market, a Combined Statistical Area (ranked #211 of 293 U.S. markets by economic output). It produces 33.0% of the market’s output and holds 47.5% of its deposits.
| Measure | Carteret County | Share of New Bern-Morehead City market |
|---|---|---|
| 2024 GDP | $2.9B | 33.0% |
| Deposits | $1.7B | 47.5% |
| Population | 70,469 | 35.6% |
See the New Bern-Morehead City market in Market Intelligence →
Recruiting in Carteret 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 Carteret County, on a retained basis.
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