Franklin County, Kentucky, a core county of the Lexington-Fayette--Richmond--Frankfort, KY market, holds $1.1B in deposits across 12 insured institutions and 21 branches. WesBanco Bank, Inc. is the largest deposit holder at 31.4% share. The top three banks hold 60% of deposits, which places the county in the Concentrated band. Deposits have grown 11.8% since 2020 while the branch count fell by 12.5%. It produces $3.6B of output, ranking #711 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: 24 in 2020 to 21 in 2025. Institutions: 13 to 12. Top-three share: 59% to 60%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| WesBanco Bank, Inc. | $348M | 31.4% | -6% |
| Traditional Bank, Inc. | $191M | 17.2% | +50% |
| Independence Bank of Kentucky | $124M | 11.2% | +71% |
| First Federal Savings Bank of Kentucky | $91M | 8.2% | +11% |
| Fifth Third Bank | $90M | 8.1% | +46% |
| Whitaker Bank | $85M | 7.6% | -3% |
| Independent Correspondent Bankers' Bank, Inc. | $66M | 5.9% | +164% |
| Community Trust Bank, Inc. | $65M | 5.9% | 0% |
| PNC Bank | $30M | 2.7% | +8% |
| City National Bank of West Virginia | $17M | 1.6% | no 2020 presence |
| Woodforest National Bank | $3M | 0.3% | +62% |
| Peoples Bank | $0M | 0.0% | no 2020 presence |
The 12 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 Lexington-Fayette--Richmond--Frankfort market
Franklin County is one of 14 counties that make up the Lexington-Fayette--Richmond--Frankfort, KY market, a Combined Statistical Area (ranked #81 of 293 U.S. markets by economic output). It produces 8.5% of the market’s output and holds 5.2% of its deposits.
| Measure | Franklin County | Share of parent market |
|---|---|---|
| 2024 GDP | $3.6B | 8.5% |
| Deposits | $1.1B | 5.2% |
| Population | 52,649 | 6.6% |
View the full Lexington-Fayette--Richmond--Frankfort market profile →
Recruiting in Franklin 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 Franklin County.
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