Fredericksburg city, Virginia, a county in the Washington-Baltimore-Arlington, DC-MD-VA-WV-PA market, holds $1.9B in deposits across 14 insured institutions and 16 branches. Truist Bank is the largest deposit holder at 22.0% share. The top three banks hold 57% of deposits, which places the county in the Moderate band. Deposits have grown 13.0% since 2020 while the branch count fell by 5.9%. It produces $1.3B of output, ranking #1,099 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 2020 to 16 in 2025. Institutions: 12 to 14. Top-three share: 55% to 57%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Truist Bank | $408M | 22.0% | +44% |
| Atlantic Union Bank | $384M | 20.8% | +19% |
| Bank of America | $255M | 13.8% | +44% |
| Wells Fargo Bank | $202M | 10.9% | +10% |
| LinkBank | $151M | 8.2% | no 2020 presence |
| Shore United Bank | $96M | 5.2% | no 2020 presence |
| PNC Bank | $84M | 4.5% | -40% |
| United Bank | $80M | 4.3% | +6% |
| First-Citizens Bank & Trust Company | $56M | 3.0% | +18% |
| Manufacturers and Traders Trust Company | $50M | 2.7% | +71% |
| Burke & Herbert Bank & Trust Company | $48M | 2.6% | no 2020 presence |
| Citizens and Farmers Bank | $19M | 1.0% | no 2020 presence |
| JPMorgan Chase Bank | $13M | 0.7% | no 2020 presence |
| Woodforest National Bank | $6M | 0.3% | +57% |
The 14 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 Washington-Baltimore-Arlington market
Fredericksburg city 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 0.1% of the market’s output and holds 0.4% of its deposits.
| Measure | Fredericksburg city | Share of parent market |
|---|---|---|
| 2024 GDP | $1.3B | 0.1% |
| Deposits | $1.9B | 0.4% |
| Population | 30,393 | 0.3% |
View the full Washington-Baltimore-Arlington market profile →
Recruiting in Fredericksburg city
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 Fredericksburg city.
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