Lawrence County, Kentucky, a county in the Charleston-Huntington-Ashland, WV-OH-KY market, holds $158M in deposits across 4 insured institutions and 4 branches. Citizens Bank of Kentucky, Inc. is the largest deposit holder at 32.2% share. The top three institutions hold 92.8% of deposits, which places the county in the concentrated band. Deposits have grown 8.0% since 2020 while the branch count fell by 1. It produces $413M of output, ranking #1,397 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 5 in 2020 to 4 in 2025. Institutions: 4 to 4. Top-three share: 85.3% to 92.8%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Citizens Bank of Kentucky, Inc. | $51M | 32.2% | +26% |
| City National Bank of West Virginia | $49M | 30.8% | +5% |
| First State Bank | $47M | 29.8% | no 2020 presence |
| Kentucky Farmers Bank Corporation | $11M | 7.2% | -47% |
The 4 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 Charleston-Huntington-Ashland market
Lawrence County is one of 12 counties that make up the Charleston-Huntington-Ashland, WV-OH-KY market, a Combined Statistical Area (ranked #94 of 293 U.S. markets by economic output). It produces 1.3% of the market’s output and holds 1.0% of its deposits.
| Measure | Lawrence County | Share of Charleston-Huntington-Ashland market |
|---|---|---|
| 2024 GDP | $413M | 1.3% |
| Deposits | $158M | 1.0% |
| Population | 15,765 | 2.5% |
View the full Charleston-Huntington-Ashland market profile →
Recruiting in Lawrence 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 Lawrence County, on a retained basis.
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