Market Intelligence

Charleston County, SC

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

Charleston County, South Carolina, a core county of the Charleston-North Charleston, SC market, holds $18.1B in deposits across 33 insured institutions and 131 branches. Wells Fargo Bank, National Association is the largest deposit holder at 20.0% share. The top three banks hold 48% of deposits, which places the county in the Moderate band. Deposits have grown 28.6% since 2020 while the branch count rose by 4.8%. It produces $39.8B of output, ranking #117 of the 1,523 ranked counties by economic output.

Economic scale
2024 Real GDP
$39.8B
#117 of 1,523
Population
436,200
#172 of 1,523
GDP per Capita
$91,177
#75 of 1,523
Deposit market
Deposits (SOD, 6/30/25)
$18.1B
#129 of 1,523
Deposits per Capita
$41,595
#164 of 1,523
Deposits per Branch
$139M
#237 of 1,523
Competitive structure
Insured Institutions
33
#71 of 1,523
Branches per 100k Pop.
30.0
#481 of 1,523
Median Deposits per Institution
$272M
The median deposits booked by a single institution in the county. #197 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
45.5%
of county deposits held by banks with $100M to $100B in assets. #1,154 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
48%
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)+28.6% over 5 years
$14.1B
2020
$16.5B
2021
$18.3B
2022
$16.4B
2023
$16.9B
2024
$18.1B
2025

Branches: 125 in 2020 to 131 in 2025. Institutions: 28 to 33. Top-three share: 54% to 48%.

Institutions by deposits

InstitutionDepositsShareBranches5‑yr
deposits
Wells Fargo Bank$3.6B20.0%16+5%
Bank of America$2.7B14.8%10+15%
SouthState Bank$2.3B12.7%13+28%
Truist Bank$1.2B6.5%80%
Pinnacle Bank$1.1B6.0%7+77%
First-Citizens Bank & Trust Company$830M4.6%9+32%
Synovus Bank$685M3.8%5+14%
First Capital Bank$656M3.6%2+634%
Southern First Bank$628M3.5%2+28%
Beacon Community Bank$624M3.4%5+275%
Fifth Third Bank$447M2.5%2no 2020 presence
The Bank of South Carolina$407M2.2%4+6%
TD Bank$388M2.1%6-7%
ServisFirst Bank$325M1.8%1+29%
JPMorgan Chase Bank$294M1.6%6no 2020 presence
United Bank$291M1.6%4-58%
United Community Bank$272M1.5%3+73%
Regions Bank$245M1.3%2+15%
South Atlantic Bank$220M1.2%2+321%
First Reliance Bank$179M1.0%2+128%
PNC Bank$132M0.7%2+11%
First Horizon Bank$131M0.7%1+34%
Ameris Bank$129M0.7%3+6%
First National Bank of Pennsylvania$96M0.5%3+108%
Bank of the Lowcountry$59M0.3%3+148%
The Huntington National Bank$49M0.3%1no 2020 presence
Encore Bank$41M0.2%1no 2020 presence
Enterprise Bank of South Carolina$37M0.2%1-1%
First Bank$36M0.2%1no 2020 presence
First Palmetto Bank$25M0.1%1-24%
Dogwood State Bank$21M0.1%1no 2020 presence
Woodforest National Bank$6M<0.1%3+47%
Wilmington Trust$0M0.0%1no 2020 presence

The 33 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 Charleston-North Charleston market

Charleston County is one of 3 counties that make up the Charleston-North Charleston, SC market, a Metropolitan Statistical Area (ranked #68 of 293 U.S. markets by economic output). It produces 70.3% of the market’s output and holds 78.6% of its deposits.

MeasureCharleston CountyShare of parent market
2024 GDP$39.8B70.3%
Deposits$18.1B78.6%
Population436,20049.1%

View the full Charleston-North Charleston market profile →

Recruiting in Charleston 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 Charleston County.

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