Fulton County, Ohio, a county in the Toledo, OH market, holds $1.4B in deposits across 10 insured institutions and 19 branches. The Farmers & Merchants State Bank is the largest deposit holder at 51.5% share. The top three institutions hold 71.5% of deposits, which places the county in the concentrated band. Deposits have grown 41.2% since 2020. It produces $2.0B of output, ranking #931 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 19 in 2020 to 19 in 2025. Institutions: 10 to 10. Top-three share: 74.3% to 71.5%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| The Farmers & Merchants State Bank | $712M | 51.5% | +32% |
| The State Bank and Trust Company | $142M | 10.2% | +51% |
| The Huntington National Bank | $135M | 9.7% | +50% |
| WesBanco Bank, Inc. | $100M | 7.3% | no 2020 presence |
| First Federal Savings and Loan Association | $84M | 6.1% | +5% |
| PNC Bank, National Association | $79M | 5.7% | +7,439% |
| KeyBank National Association | $55M | 4.0% | +56% |
| The Metamora State Bank | $41M | 3.0% | +26% |
| The Sherwood State Bank | $32M | 2.3% | +194% |
| Woodforest National Bank | $2M | 0.2% | +16% |
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 Toledo market
Fulton County is one of 3 counties that make up the Toledo, OH market, a Metropolitan Statistical Area (ranked #84 of 293 U.S. markets by economic output). It produces 5.6% of the market’s output and holds 8.8% of its deposits.
| Measure | Fulton County | Share of Toledo market |
|---|---|---|
| 2024 GDP | $2.0B | 5.6% |
| Deposits | $1.4B | 8.8% |
| Population | 41,853 | 7.0% |
View the full Toledo market profile →
Recruiting in Fulton 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 Fulton County, on a retained basis.
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