Market Intelligence

District of Columbia, DC

Banking market profile · FDIC Summary of Deposits (SOD), June 30, 2026

District of Columbia, District of Columbia, a core county of the Washington-Baltimore-Arlington, DC-MD-VA-WV-PA market, holds $55.9B in deposits across 34 insured institutions and 178 branches. Bank of America is the largest deposit holder at 26.5% share. The top three banks hold 59% of deposits, which places the county in the Moderate band. Deposits have fallen 17.7% since 2021 while the branch count fell by 15.2%. It produced $145.1B of real gross domestic product in 2024, ranking #23 of the 1,523 ranked counties by economic output.

Economic scale
2024 Real GDP
$145.1B
#23 of 1,523
Population
693,645
#101 of 1,523
GDP per Capita
$209,167
#9 of 1,523
Deposit market
Deposits (SOD, 6/30/26)
$55.9B
#53 of 1,523
Deposits per Capita
$80,542
#33 of 1,523
Deposits per Branch
$314M
#42 of 1,523
Competitive structure
Insured Institutions
34
#65 of 1,523
Branches per 100k Pop.
25.7
#673 of 1,523
Median Deposits per Institution
$347M
The median deposits booked by a single institution in the county. #124 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
14.6%
of county deposits held by banks with $100M to $100B in assets. #1,475 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
59%
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, 2021 to 2026)-17.7% over 5 years
$67.8B
2021
$68.7B
2022
$61.9B
2023
$63.9B
2024
$64.5B
2025
$55.9B
2026

Branches: 210 in 2021 to 178 in 2026. Institutions: 32 to 34. Top-three share: 51% to 59%.

Institutions by deposits

InstitutionDepositsShareBranches5‑yr
deposits
Bank of America$14.8B26.5%220%
Wells Fargo Bank$10.7B19.1%23-1%
PNC Bank$7.6B13.5%19-17%
Truist Bank$4.5B8.0%18-39%
Citibank$3.8B6.8%15-53%
United Bank$1.8B3.2%7-2%
TD Bank$1.5B2.6%7-19%
Amalgamated Bank$1.4B2.6%1-26%
Capital One$1.4B2.6%5+4%
JPMorgan Chase Bank$1.3B2.4%23+152%
EagleBank$1.3B2.3%3-63%
Manufacturers and Traders Trust Company$1.0B1.9%8-43%
HSBC Bank USA$1.0B1.9%1-55%
City First Bank$939M1.7%1+136%
The National Capital Bank of Washington$552M1.0%2+9%
MainStreet Bank$430M0.8%1+7%
Industrial Bank$359M0.6%4+13%
Founders Bank$335M0.6%1+269%
Hingham Institution for Savings$267M0.5%1no 2021 presence
City National Bank$223M0.4%1-2%
Capital Bank$216M0.4%1+28%
Atlantic Union Bank$115M0.2%2-23%
Peoples Bank$55M0.1%1-36%
Citizens Bank$50M0.1%1no 2021 presence
John Marshall Bank$42M0.1%1-47%
Presidential Bank, FSB$41M0.1%1-18%
First National Bank of Pennsylvania$36M0.1%1+460%
The Northern Trust Company$25M<0.1%1-11%
FVCbank$25M<0.1%1-36%
Trustar Bank$14M<0.1%1no 2021 presence
Wilmington Trust$0M0.0%1no 2021 presence
The Bank of New York Mellon$0M0.0%1no 2021 presence
BNY Mellon$0M0.0%1no 2021 presence
CIBC National Trust Company$0M0.0%1no 2021 presence

The 34 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

District of Columbia 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 16.6% of the market’s output and holds 13.0% of its deposits.

MeasureDistrict of ColumbiaShare of parent market
2024 GDP$145.1B16.6%
Deposits$55.9B13.0%
Population693,6456.8%

View the full Washington-Baltimore-Arlington market profile →

Recruiting in District of Columbia

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 District of Columbia.

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