Henrico County, Virginia, a core county of the Richmond, VA market, holds $9.2B in deposits across 22 insured institutions and 77 branches. Wells Fargo Bank is the largest deposit holder at 24.9% share. The top three banks hold 58% of deposits, which places the county in the Moderate band. Deposits have fallen 88.9% since 2021 while the branch count fell by 7.2%. It produced $29.8B of real gross domestic product in 2024, ranking #159 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: 83 in 2021 to 77 in 2026. Institutions: 22 to 22. Top-three share: 95% to 58%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Wells Fargo Bank | $2.3B | 24.9% | 0% |
| Truist Bank | $1.7B | 19.0% | -74% |
| Bank of America | $1.3B | 14.0% | +6% |
| Atlantic Union Bank | $868M | 9.5% | -1% |
| TowneBank | $669M | 7.3% | -11% |
| Primis Bank | $507M | 5.5% | +420% |
| Blue Ridge Bank | $441M | 4.8% | +267% |
| Citizens and Farmers Bank | $268M | 2.9% | +15% |
| JPMorgan Chase Bank | $253M | 2.8% | +403% |
| SouthState Bank | $197M | 2.1% | +111% |
| First-Citizens Bank & Trust Company | $169M | 1.8% | +29% |
| United Bank | $143M | 1.6% | -22% |
| Locus Bank, Inc. | $95M | 1.0% | +63% |
| Fulton Bank | $81M | 0.9% | -18% |
| First Community Bank | $56M | 0.6% | -31% |
| Chesapeake Bank | $54M | 0.6% | +123% |
| Manufacturers and Traders Trust Company | $24M | 0.3% | 0% |
| First National Bank of Pennsylvania | $12M | 0.1% | no 2021 presence |
| Woodforest National Bank | $8M | 0.1% | -1% |
| Southern Bank and Trust Company | $5M | 0.1% | no 2021 presence |
| New Horizon Bank | $2M | <0.1% | no 2021 presence |
| Davidson Trust Co. | $0M | 0.0% | no 2021 presence |
The 22 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 Richmond market
Henrico County is one of 17 counties that make up the Richmond, VA market, a Metropolitan Statistical Area (ranked #40 of 293 U.S. markets by economic output). It produces 30.6% of the market’s output and holds 15.1% of its deposits.
| Measure | Henrico County | Share of parent market |
|---|---|---|
| 2024 GDP | $29.8B | 30.6% |
| Deposits | $9.2B | 15.1% |
| Population | 342,775 | 24.7% |
View the full Richmond market profile →
Recruiting in Henrico 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 Henrico County.
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