Lake County, Ohio, a core county of the Cleveland-Akron-Canton, OH market, holds $6.8B in deposits across 16 insured institutions and 51 branches. The Huntington National Bank is the largest deposit holder at 21.4% share. The top three banks hold 49% of deposits, which places the county in the Moderate band. Deposits have grown 5.6% since 2020 while the branch count fell by 22.7%. It produces $12.2B of output, ranking #319 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: 66 in 2020 to 51 in 2025. Institutions: 17 to 16. Top-three share: 49% to 49%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| The Huntington National Bank | $1.5B | 21.4% | +31% |
| JPMorgan Chase Bank | $1.2B | 17.8% | +15% |
| KeyBank | $676M | 10.0% | -7% |
| Citizens Bank | $602M | 8.9% | -38% |
| Fifth Third Bank | $601M | 8.8% | +27% |
| PNC Bank | $522M | 7.7% | +5% |
| Third Federal Savings and Loan Association of Cleveland | $429M | 6.3% | +14% |
| Flagstar Bank | $340M | 5.0% | +13% |
| Dollar Bank, Federal Savings Bank | $279M | 4.1% | +21% |
| CNB Bank | $227M | 3.3% | +28% |
| U.S. Bank | $195M | 2.9% | +25% |
| WesBanco Bank, Inc. | $74M | 1.1% | no 2020 presence |
| First National Bank of Pennsylvania | $67M | 1.0% | -49% |
| First Federal Savings and Loan Association of Lakewood | $56M | 0.8% | +39% |
| The Andover Bank | $51M | 0.7% | +97% |
| Bank of America | $6M | 0.1% | no 2020 presence |
The 16 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, 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. “No 2020 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 Cleveland-Akron-Canton market
Lake County is one of 17 counties that make up the Cleveland-Akron-Canton, OH market, a Combined Statistical Area (ranked #20 of 293 U.S. markets by economic output). It produces 5.3% of the market’s output and holds 4.0% of its deposits.
| Measure | Lake County | Share of parent market |
|---|---|---|
| 2024 GDP | $12.2B | 5.3% |
| Deposits | $6.8B | 4.0% |
| Population | 232,217 | 6.2% |
View the full Cleveland-Akron-Canton market profile →
Recruiting in Lake 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 Lake County.
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