Effingham County, Georgia, a county in the Savannah-Hinesville-Statesboro, GA market, holds $861M in deposits across 7 insured institutions and 9 branches. Renasant Bank is the largest deposit holder at 22.7% share. The top three institutions hold 59.6% of deposits, which places the county in the moderately concentrated band. Deposits have grown 49.9% since 2020. It produces $2.3B of output, ranking #883 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 9 in 2020 to 9 in 2025. Institutions: 7 to 7. Top-three share: 72.7% to 59.6%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Renasant Bank | $195M | 22.7% | +31% |
| Ameris Bank | $175M | 20.3% | +115% |
| Bank of America, National Association | $144M | 16.7% | +21% |
| Truist Bank | $129M | 15.0% | -14% |
| Bank of Newington | $109M | 12.7% | +442% |
| Cadence Bank | $62M | 7.2% | no 2020 presence |
| Queensborough National Bank & Trust Company | $47M | 5.5% | +79% |
The 7 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 Savannah-Hinesville-Statesboro market
Effingham County is one of 8 counties that make up the Savannah-Hinesville-Statesboro, GA market, a Combined Statistical Area (ranked #88 of 293 U.S. markets by economic output). It produces 6.4% of the market’s output and holds 6.6% of its deposits.
| Measure | Effingham County | Share of Savannah-Hinesville-Statesboro market |
|---|---|---|
| 2024 GDP | $2.3B | 6.4% |
| Deposits | $861M | 6.6% |
| Population | 74,397 | 11.3% |
View the full Savannah-Hinesville-Statesboro market profile →
Recruiting in Effingham 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 Effingham County, on a retained basis.
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