McLennan County, Texas, a core county of the Waco, TX market, holds $7.8B in deposits across 24 insured institutions and 63 branches. First National Bank of Central Texas is the largest deposit holder at 14.7% share. The top three banks hold 35% of deposits, which places the county in the Fragmented band. Deposits have grown 23.7% since 2020 while the branch count fell by 1.6%. It produces $14.5B of output, ranking #276 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: 64 in 2020 to 63 in 2025. Institutions: 25 to 24. Top-three share: 33% to 35%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| First National Bank of Central Texas | $1.2B | 14.7% | +38% |
| The First National Bank of McGregor | $877M | 11.2% | +46% |
| Extraco Banks | $695M | 8.9% | +106% |
| Central National Bank | $669M | 8.5% | +4% |
| Alliance Bank Central Texas | $660M | 8.4% | +176% |
| Community Bank & Trust, Waco, Texas | $557M | 7.1% | +25% |
| American Bank | $550M | 7.0% | +27% |
| Bank of America | $485M | 6.2% | -7% |
| Wells Fargo Bank | $373M | 4.8% | -17% |
| JPMorgan Chase Bank | $358M | 4.6% | +61% |
| SouthState Bank | $291M | 3.7% | -31% |
| Cadence Bank | $240M | 3.1% | -2% |
| PNC Bank | $228M | 2.9% | -39% |
| Citizens State Bank | $125M | 1.6% | +62% |
| Pointwest Bank | $118M | 1.5% | +17% |
| Fidelity Bank of Texas | $107M | 1.4% | +21% |
| First Guaranty Bank | $73M | 0.9% | +45% |
| Security Bank of Texas | $72M | 0.9% | +147% |
| The First National Bank of Moody | $41M | 0.5% | +13% |
| Sunflower Bank | $38M | 0.5% | no 2020 presence |
| First State Bank | $37M | 0.5% | no 2020 presence |
| First National Bank of Bosque County | $33M | 0.4% | +19% |
| Incommons Bank | $27M | 0.3% | +2% |
| First National Bank Texas | $26M | 0.3% | +52% |
The 24 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 Waco market
McLennan County is one of 3 counties that make up the Waco, TX market, a Metropolitan Statistical Area (ranked #155 of 293 U.S. markets by economic output). It produces 92.5% of the market’s output and holds 92.3% of its deposits.
| Measure | McLennan County | Share of parent market |
|---|---|---|
| 2024 GDP | $14.5B | 92.5% |
| Deposits | $7.8B | 92.3% |
| Population | 272,020 | 88.1% |
View the full Waco market profile →
Recruiting in McLennan County
Deposits are spread across a competitive field of institutions, so the bankers worth recruiting are dispersed across more of them. 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 McLennan County.
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