Lucas County, Ohio, a core county of the Toledo, OH market, holds $11.3B in deposits across 17 insured institutions and 94 branches. The Huntington National Bank is the largest deposit holder at 20.9% share. The top three institutions hold 56.6% of deposits, which places the county in the moderately concentrated band. Deposits have grown 6.0% since 2020 while the branch count fell by 9. It produces $26.0B of output, ranking #179 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 103 in 2020 to 94 in 2025. Institutions: 18 to 17. Top-three share: 58.7% to 56.6%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| The Huntington National Bank | $2.4B | 20.9% | +6% |
| Fifth Third Bank, National Association | $2.2B | 19.6% | -23% |
| KeyBank National Association | $1.8B | 16.1% | +62% |
| Waterford Bank, N.A. | $1.2B | 10.5% | +39% |
| Signature Bank, National Association | $1.1B | 9.6% | -6% |
| PNC Bank, National Association | $771M | 6.8% | -17% |
| Citizens Bank, National Association | $650M | 5.8% | -8% |
| WesBanco Bank, Inc. | $330M | 2.9% | no 2020 presence |
| The Genoa Banking Company | $232M | 2.0% | +45% |
| The Farmers & Merchants State Bank | $185M | 1.6% | +106% |
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 Toledo market
Lucas County is one of 3 counties that make up the Toledo, OH market, a Metropolitan Statistical Area (ranked #84 of 293 U.S. markets by economic output). It produces 71.5% of the market’s output and holds 72.1% of its deposits.
| Measure | Lucas County | Share of Toledo market |
|---|---|---|
| 2024 GDP | $26.0B | 71.5% |
| Deposits | $11.3B | 72.1% |
| Population | 423,347 | 70.6% |
View the full Toledo market profile →
Recruiting in Lucas 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 Lucas County, on a retained basis.
Start a confidential conversation