Itawamba County, Mississippi, a county in the Tupelo-Corinth, MS market, holds $473M in deposits across 5 insured institutions and 7 branches. Cadence Bank is the largest deposit holder at 48.3% share. The top three institutions hold 85.6% of deposits, which places the county in the concentrated band. Deposits have grown 35.9% since 2020 while the branch count rose by 2. It produces $599M of output, ranking #1,320 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 5 in 2020 to 7 in 2025. Institutions: 4 to 5. Top-three share: 91.4% to 85.6%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Cadence Bank | $228M | 48.3% | +26% |
| Farmers and Merchants Bank | $95M | 20.1% | +218% |
| Guaranty Bank and Trust Company | $81M | 17.2% | no 2020 presence |
| Trustmark National Bank | $61M | 12.9% | -19% |
| Community Spirit Bank | $7M | 1.4% | no 2020 presence |
The 5 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 Tupelo-Corinth market
Itawamba County is one of 4 counties that make up the Tupelo-Corinth, MS market, a Combined Statistical Area (ranked #234 of 293 U.S. markets by economic output). It produces 8.0% of the market’s output and holds 7.2% of its deposits.
| Measure | Itawamba County | Share of Tupelo-Corinth market |
|---|---|---|
| 2024 GDP | $599M | 8.0% |
| Deposits | $473M | 7.2% |
| Population | 24,152 | 14.4% |
View the full Tupelo-Corinth market profile →
Recruiting in Itawamba 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 Itawamba County, on a retained basis.
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