Frederick County, Maryland, a county in the Washington-Baltimore-Arlington, DC-MD-VA-WV-PA market, holds $6.4B in deposits across 16 insured institutions and 58 branches. PNC Bank, National Association is the largest deposit holder at 26.7% share. The top three institutions hold 55.4% of deposits, which places the county in the moderately concentrated band. Deposits have grown 8.5% since 2020 while the branch count fell by 12. It produces $15.9B of output, ranking #254 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 70 in 2020 to 58 in 2025. Institutions: 14 to 16. Top-three share: 56.3% to 55.4%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| PNC Bank, National Association | $1.7B | 26.7% | +9% |
| Truist Bank | $1.0B | 16.2% | -6% |
| Bank of America, National Association | $797M | 12.5% | +23% |
| Manufacturers and Traders Trust Company | $496M | 7.8% | +17% |
| Atlantic Union Bank | $427M | 6.7% | +7% |
| Woodsboro Bank | $425M | 6.7% | +57% |
| Middletown Valley Bank | $398M | 6.2% | +40% |
| Capital One, National Association | $309M | 4.8% | -13% |
| ACNB Bank | $253M | 4.0% | -43% |
| First United Bank & Trust | $218M | 3.4% | +15% |
The 10 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 Washington-Baltimore-Arlington market
Frederick County 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 1.8% of the market’s output and holds 1.5% of its deposits.
| Measure | Frederick County | Share of Washington-Baltimore-Arlington market |
|---|---|---|
| 2024 GDP | $15.9B | 1.8% |
| Deposits | $6.4B | 1.5% |
| Population | 302,883 | 2.9% |
View the full Washington-Baltimore-Arlington market profile →
Recruiting in Frederick 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 Frederick County, on a retained basis.
Start a confidential conversation