Fayette County, Tennessee, a county in the Memphis-Clarksdale-Forrest City, TN-MS-AR market, holds $901M in deposits across 8 insured institutions and 16 branches. The Bank of Fayette County is the largest deposit holder at 40.7% share. The top three banks hold 77% of deposits, which places the county in the Concentrated band. Deposits have fallen 5.1% since 2020. It produces $1.6B of output, ranking #1,030 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: 16 in 2020 to 16 in 2025. Institutions: 8 to 8. Top-three share: 81% to 77%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| The Bank of Fayette County | $367M | 40.7% | -27% |
| Trustmark National Bank | $202M | 22.4% | +10% |
| First Citizens National Bank | $121M | 13.4% | +40% |
| Cadence Bank | $83M | 9.2% | +35% |
| FirstBank | $70M | 7.7% | -1% |
| Regions Bank | $33M | 3.7% | +24% |
| Guaranty Bank and Trust Company | $24M | 2.7% | +14% |
| FSNB | $1M | 0.1% | -8% |
The 8 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 Memphis-Clarksdale-Forrest City market
Fayette County is one of 11 counties that make up the Memphis-Clarksdale-Forrest City, TN-MS-AR market, a Combined Statistical Area (ranked #46 of 293 U.S. markets by economic output). It produces 1.9% of the market’s output and holds 2.1% of its deposits.
| Measure | Fayette County | Share of parent market |
|---|---|---|
| 2024 GDP | $1.6B | 1.9% |
| Deposits | $901M | 2.1% |
| Population | 45,071 | 3.3% |
View the full Memphis-Clarksdale-Forrest City market profile →
Recruiting in Fayette 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 Fayette County.
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