Market Intelligence

Lexington County, SC

Banking market profile · FDIC Summary of Deposits, June 30, 2025

Lexington County, South Carolina, a core county of the Columbia-Sumter-Orangeburg, SC market, holds $6.4B in deposits across 18 insured institutions and 57 branches. Truist Bank is the largest deposit holder at 20.0% share. The top three institutions hold 49.0% of deposits, which places the county in the moderately concentrated band. Deposits have grown 23.1% since 2020 while the branch count fell by 7. It produces $15.2B of output, ranking #265 of the 1,523 counties within a CSA or MSA by economic output.

2024 Real GDP
$15.2B
#265 of 1,523
Total Deposits
$6.4B
#282 of 1,523
Population
317,588
#235 of 1,523
GDP per Capita
$47,866
#641 of 1,523
Insured Institutions
18
#266 of 1,523
Deposits per Branch
$112M
#448 of 1,523
Deposits per Capita
$20,078
#884 of 1,523
Branches per 100k Pop.
17.9
#1,139 of 1,523
Median Institution Size
$250M
Median deposits of the institutions operating in the county. #222 of 1,523. A smaller figure signals a market served mainly by community-scale banks.
Community & Regional Bank Share
27.8%
of market deposits held by banks with $100M to $50B in assets. #1,274 of 1,523. A higher share points to a market where small to mid-size institutions, the kind that compete on relationships and local decision-making, hold more ground.
Top-3 Deposit Share: moderately concentrated
49.0%
The combined deposit share of the three largest institutions in the county. A lower share means deposits are spread across more institutions.

Deposit trend

Total county deposits, 2020 to 2025+23.1% over 5 years
$5.2B
2020
$5.2B
2021
$5.7B
2022
$5.8B
2023
$6.0B
2024
$6.4B
2025

Branches: 64 in 2020 to 57 in 2025. Institutions: 17 to 18. Top-three share: 54.1% to 49.0%.

Leading institutions by deposits

InstitutionDepositsShareBranches5‑yr
Truist Bank$1.3B20.0%10+3%
Wells Fargo Bank, National Association$1.0B16.2%5+21%
Bank of America, National Association$811M12.7%4+14%
First Community Bank$736M11.6%6+63%
First-Citizens Bank & Trust Company$540M8.5%6+36%
TD Bank, National Association$354M5.6%5+17%
SouthState Bank, National Association$308M4.8%3+34%
Southern First Bank$300M4.7%1+10%
Synovus Bank$271M4.3%3+30%
Ameris Bank$229M3.6%2+64%

The 10 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 Columbia-Sumter-Orangeburg market

Lexington County is one of 9 counties that make up the Columbia-Sumter-Orangeburg, SC market, a Combined Statistical Area (ranked #65 of 293 U.S. markets by economic output). It produces 25.8% of the market’s output and holds 21.2% of its deposits.

MeasureLexington CountyShare of Columbia-Sumter-Orangeburg market
2024 GDP$15.2B25.8%
Deposits$6.4B21.2%
Population317,58828.7%

View the full Columbia-Sumter-Orangeburg market profile →

Recruiting in Lexington 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 Lexington County, on a retained basis.

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