Indian River County, Florida, a core county of the Miami-Port St. Lucie-Fort Lauderdale, FL market, holds $5.7B in deposits across 16 insured institutions and 38 branches. PNC Bank is the largest deposit holder at 16.5% share. The top three banks hold 46% of deposits, which places the county in the Moderate band. Deposits have fallen 2.9% since 2021 while the branch count fell by 9.5%. It produced $8.0B of real gross domestic product in 2024, ranking #420 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: 42 in 2021 to 38 in 2026. Institutions: 15 to 16. Top-three share: 47% to 46%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| PNC Bank | $933M | 16.5% | +13% |
| Wells Fargo Bank | $907M | 16.0% | +3% |
| Bank of America | $747M | 13.2% | -26% |
| JPMorgan Chase Bank | $554M | 9.8% | +24% |
| Seacoast National Bank | $489M | 8.6% | +16% |
| TD Bank | $454M | 8.0% | +22% |
| The Northern Trust Company | $410M | 7.2% | -11% |
| Truist Bank | $316M | 5.6% | -4% |
| SouthState Bank | $296M | 5.2% | -8% |
| First American Trust, FSB | $242M | 4.3% | no 2021 presence |
| BankUnited | $137M | 2.4% | -16% |
| Valley National Bank | $117M | 2.1% | +23% |
| Pinnacle Bank | $34M | 0.6% | -49% |
| TrustCo Bank | $16M | 0.3% | +69% |
| Cypress Bank & Trust | $7M | 0.1% | no 2021 presence |
| Wilmington Trust | $0M | 0.0% | no 2021 presence |
The 16 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 Miami-Port St. Lucie-Fort Lauderdale market
Indian River County is one of 8 counties that make up the Miami-Port St. Lucie-Fort Lauderdale, FL market, a Combined Statistical Area (ranked #12 of 293 U.S. markets by economic output). It produces 1.6% of the market’s output and holds 1.5% of its deposits.
| Measure | Indian River County | Share of parent market |
|---|---|---|
| 2024 GDP | $8.0B | 1.6% |
| Deposits | $5.7B | 1.5% |
| Population | 172,799 | 2.4% |
View the full Miami-Port St. Lucie-Fort Lauderdale market profile →
Recruiting in Indian River 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 Indian River County.
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