Franklin County, Alabama, a core county of the Florence-Muscle Shoals-Russellville, AL market, holds $892M in deposits across 5 insured institutions and 16 branches. CB&S Bank, Inc. is the largest deposit holder at 53.8% share. The top three banks hold 85% of deposits, which places the county in the Concentrated band. Deposits have grown 21.0% since 2021 while the branch count fell by 5.9%. It produced $1.0B of real gross domestic product in 2024, ranking #1,180 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: 17 in 2021 to 16 in 2026. Institutions: 5 to 5. Top-three share: 82% to 85%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| CB&S Bank, Inc. | $480M | 53.8% | +32% |
| Community Spirit Bank | $141M | 15.8% | +15% |
| Valley State Bank | $139M | 15.6% | +16% |
| Bank Independent | $87M | 9.8% | -8% |
| First Metro Bank | $45M | 5.0% | +21% |
The 5 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 Florence-Muscle Shoals-Russellville market
Franklin County is one of 3 counties that make up the Florence-Muscle Shoals-Russellville, AL market, a Combined Statistical Area (ranked #246 of 293 U.S. markets by economic output). It produces 15.2% of the market’s output and holds 18.5% of its deposits.
| Measure | Franklin County | Share of parent market |
|---|---|---|
| 2024 GDP | $1.0B | 15.2% |
| Deposits | $892M | 18.5% |
| Population | 32,449 | 17.2% |
View the full Florence-Muscle Shoals-Russellville market profile →
Recruiting in Franklin 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 Franklin County.
See how we help banks recruit commercial banking talent