Charlottesville city, Virginia, a core county of the Charlottesville, VA market, holds $2.5B in deposits across 11 insured institutions and 16 branches. Bank of America is the largest deposit holder at 42.8% share. The top three banks hold 72% of deposits, which places the county in the Concentrated band. Deposits have fallen 18.8% since 2021 while the branch count fell by 30.4%. It produced $3.8B of real gross domestic product in 2024, ranking #689 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: 23 in 2021 to 16 in 2026. Institutions: 9 to 11. Top-three share: 77% to 72%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Bank of America | $1.1B | 42.8% | -10% |
| Wells Fargo Bank | $411M | 16.7% | -46% |
| Truist Bank | $313M | 12.7% | -22% |
| Virginia National Bank | $233M | 9.4% | -41% |
| Atlantic Union Bank | $212M | 8.6% | +6% |
| JPMorgan Chase Bank | $74M | 3.0% | no 2021 presence |
| United Bank | $69M | 2.8% | +65% |
| Citizens and Farmers Bank | $41M | 1.7% | +91% |
| Carter Bank & Trust | $32M | 1.3% | +36% |
| Old Dominion National Bank | $20M | 0.8% | no 2021 presence |
| Bank of the James | $8M | 0.3% | -54% |
The 11 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 Charlottesville market
Charlottesville city is one of 5 counties that make up the Charlottesville, VA market, a Metropolitan Statistical Area (ranked #151 of 293 U.S. markets by economic output). It produces 23.8% of the market’s output and holds 40.2% of its deposits.
| Measure | Charlottesville city | Share of parent market |
|---|---|---|
| 2024 GDP | $3.8B | 23.8% |
| Deposits | $2.5B | 40.2% |
| Population | 44,388 | 19.4% |
View the full Charlottesville market profile →
Recruiting in Charlottesville city
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 Charlottesville city.
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