Lorain County, Ohio, a county in the Cleveland-Akron-Canton, OH market, holds $6.1B in deposits across 17 insured institutions and 62 branches. The Huntington National Bank is the largest deposit holder at 34.4% share. The top three banks hold 58% of deposits, which places the county in the Moderate band. Deposits have grown 18.6% since 2020 while the branch count fell by 22.5%. It produces $11.6B of output, ranking #330 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: 80 in 2020 to 62 in 2025. Institutions: 17 to 17. Top-three share: 56% to 58%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| The Huntington National Bank | $2.1B | 34.4% | +31% |
| Fifth Third Bank | $797M | 13.1% | +22% |
| Northwest Bank | $651M | 10.7% | -20% |
| PNC Bank | $412M | 6.8% | +19% |
| First Federal Savings and Loan Association of Lorain | $351M | 5.8% | +33% |
| Third Federal Savings and Loan Association of Cleveland | $282M | 4.7% | +27% |
| JPMorgan Chase Bank | $282M | 4.6% | +49% |
| First Federal Savings and Loan Association of Lakewood | $278M | 4.6% | +16% |
| KeyBank | $272M | 4.5% | +17% |
| Buckeye Community Bank | $208M | 3.4% | +18% |
| U.S. Bank | $153M | 2.5% | +27% |
| Dollar Bank, Federal Savings Bank | $107M | 1.8% | +14% |
| The Farmers Savings Bank | $74M | 1.2% | -4% |
| Citizens Bank | $55M | 0.9% | +57% |
| First National Bank of Pennsylvania | $31M | 0.5% | -41% |
| WesBanco Bank, Inc. | $27M | 0.4% | no 2020 presence |
| Woodforest National Bank | $4M | 0.1% | +31% |
The 17 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
Lorain 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 5.1% of the market’s output and holds 3.6% of its deposits.
| Measure | Lorain County | Share of parent market |
|---|---|---|
| 2024 GDP | $11.6B | 5.1% |
| Deposits | $6.1B | 3.6% |
| Population | 323,219 | 8.6% |
View the full Cleveland-Akron-Canton market profile →
Recruiting in Lorain 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 Lorain County.
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