Knox County, Tennessee, a core county of the Knoxville-Morristown-Sevierville, TN market, holds $18.9B in deposits across 31 insured institutions and 132 branches. First Horizon Bank is the largest deposit holder at 19.5% share. The top three banks hold 52% of deposits, which places the county in the Moderate band. Deposits have grown 8.9% since 2021 while the branch count fell by 5.0%. It produced $34.6B of real gross domestic product in 2024, ranking #135 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: 139 in 2021 to 132 in 2026. Institutions: 30 to 31. Top-three share: 53% to 52%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| First Horizon Bank | $3.7B | 19.5% | +15% |
| Truist Bank | $3.2B | 16.6% | -18% |
| Pinnacle Bank | $3.0B | 16.1% | +43% |
| Regions Bank | $1.9B | 10.0% | -2% |
| Home Federal Bank of Tennessee | $1.8B | 9.6% | 0% |
| SouthEast Bank | $1.4B | 7.2% | +92% |
| FirstBank | $713M | 3.8% | -27% |
| Bank of America | $648M | 3.4% | +6% |
| SmartBank | $463M | 2.4% | +80% |
| Fifth Third Bank | $290M | 1.5% | +160% |
| Centennial Bank | $284M | 1.5% | -62% |
| U.S. Bank | $190M | 1.0% | +43% |
| First-Citizens Bank & Trust Company | $164M | 0.9% | +87% |
| Bank of Tennessee | $134M | 0.7% | +16% |
| First Century Bank | $119M | 0.6% | +60% |
| UBank | $98M | 0.5% | no 2021 presence |
| JPMorgan Chase Bank | $97M | 0.5% | no 2021 presence |
| Commercial Bank | $95M | 0.5% | +7% |
| Citizens Bank | $94M | 0.5% | +37% |
| United Community Bank | $82M | 0.4% | +37% |
| First US Bank | $80M | 0.4% | +33% |
| TNBank | $75M | 0.4% | +44% |
| Apex Bank | $74M | 0.4% | +830% |
| Tennessee State Bank | $73M | 0.4% | -2% |
| First Peoples Bank of Tennessee | $45M | 0.2% | -14% |
| Citizens National Bank | $41M | 0.2% | -25% |
| Old National Bank | $34M | 0.2% | +177% |
| Builtwell Bank | $28M | 0.1% | +58% |
| Renasant Bank | $26M | 0.1% | +921% |
| Hearthside Bank Corporation | $12M | 0.1% | no 2021 presence |
| FSNB | $6M | <0.1% | +7% |
The 31 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 Knoxville-Morristown-Sevierville market
Knox County is one of 13 counties that make up the Knoxville-Morristown-Sevierville, TN market, a Combined Statistical Area (ranked #59 of 293 U.S. markets by economic output). It produces 50.9% of the market’s output and holds 55.6% of its deposits.
| Measure | Knox County | Share of parent market |
|---|---|---|
| 2024 GDP | $34.6B | 50.9% |
| Deposits | $18.9B | 55.6% |
| Population | 511,453 | 41.4% |
View the full Knoxville-Morristown-Sevierville market profile →
Recruiting in Knox 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 Knox County.
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