Frederick County, Maryland, a county in the Washington-Baltimore-Arlington, DC-MD-VA-WV-PA market, holds $6.6B in deposits across 15 insured institutions and 58 branches. PNC Bank is the largest deposit holder at 26.7% share. The top three banks hold 54% of deposits, which places the county in the Moderate band. Deposits have fallen 2.4% since 2021 while the branch count fell by 12.1%. It produced $15.9B of real gross domestic product in 2024, ranking #254 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: 66 in 2021 to 58 in 2026. Institutions: 14 to 15. Top-three share: 55% to 54%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| PNC Bank | $1.8B | 26.7% | 0% |
| Truist Bank | $1.1B | 16.1% | -12% |
| Bank of America | $773M | 11.7% | +1% |
| Manufacturers and Traders Trust Company | $504M | 7.6% | +2% |
| Atlantic Union Bank | $477M | 7.2% | +11% |
| Woodsboro Bank | $446M | 6.7% | +32% |
| Middletown Valley Bank | $430M | 6.5% | +51% |
| Capital One | $295M | 4.5% | -39% |
| ACNB Bank | $290M | 4.4% | -42% |
| First United Bank & Trust | $259M | 3.9% | +14% |
| Wells Fargo Bank | $198M | 3.0% | +32% |
| JPMorgan Chase Bank | $52M | 0.8% | no 2021 presence |
| Fulton Bank | $40M | 0.6% | -36% |
| Presidential Bank, FSB | $19M | 0.3% | no 2021 presence |
| Woodforest National Bank | $4M | 0.1% | +5% |
The 15 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 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 parent market |
|---|---|---|
| 2024 GDP | $15.9B | 1.8% |
| Deposits | $6.6B | 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.
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