Lee County, Mississippi, a core county of the Tupelo-Corinth, MS market, holds $4.5B in deposits across 14 insured institutions and 47 branches. Renasant Bank is the largest deposit holder at 40.2% share. The top three institutions hold 84.5% of deposits, which places the county in the concentrated band. Deposits have grown 49.8% since 2020 while the branch count fell by 2.1%. It produces $5.0B of output, ranking #593 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: 48 in 2020 to 47 in 2025. Institutions: 12 to 14. Top-three share: 82.7% to 84.5%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Renasant Bank | $1.8B | 40.2% | +32% |
| Cadence Bank | $1.7B | 39.0% | +95% |
| Regions Bank | $238M | 5.3% | +12% |
| BankPlus | $202M | 4.5% | +96% |
| Trustmark National Bank | $124M | 2.8% | -33% |
| BNA Bank | $121M | 2.7% | +86% |
| Community Bank of Mississippi | $89M | 2.0% | +6% |
| FNB Oxford Bank | $41M | 0.9% | +183% |
| Guaranty Bank and Trust Company | $40M | 0.9% | no 2020 presence |
| Farmers and Merchants Bank | $38M | 0.8% | +16% |
| CB&S Bank, Inc. | $13M | 0.3% | +86% |
| First Choice Bank | $13M | 0.3% | no 2020 presence |
| BankFirst Financial Services | $11M | 0.3% | no 2020 presence |
| Woodforest National Bank | $3M | 0.1% | +33% |
The 14 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. “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 Tupelo-Corinth market
Lee 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 67.1% of the market’s output and holds 68.7% of its deposits.
| Measure | Lee County | Share of parent market |
|---|---|---|
| 2024 GDP | $5.0B | 67.1% |
| Deposits | $4.5B | 68.7% |
| Population | 83,731 | 49.9% |
View the full Tupelo-Corinth market profile →
Recruiting in Lee 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 Lee County.
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