Mecklenburg County, North Carolina, a core county of the Charlotte-Concord, NC-SC market, holds $452.1B in deposits across 36 insured institutions and 243 branches. Bank of America, National Association is the largest deposit holder at 70.4% share. The top three banks hold 96% of deposits, which places the county in the Concentrated band. Deposits have grown 42.8% since 2020 while the branch count rose by 4.7%. It produces $146.2B of output, ranking #21 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: 232 in 2020 to 243 in 2025. Institutions: 31 to 36. Top-three share: 97% to 96%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Bank of America | $318.3B | 70.4% | +59% |
| Truist Bank | $85.3B | 18.9% | +14% |
| Wells Fargo Bank | $30.6B | 6.8% | +1% |
| Fifth Third Bank | $3.9B | 0.9% | +15% |
| First-Citizens Bank & Trust Company | $2.3B | 0.5% | +22% |
| PNC Bank | $2.0B | 0.4% | +211% |
| Pinnacle Bank | $1.3B | 0.3% | +88% |
| TowneBank | $1.1B | 0.2% | +44% |
| SouthState Bank | $1.0B | 0.2% | +57% |
| Regions Bank | $986M | 0.2% | +77% |
| First National Bank of Pennsylvania | $920M | 0.2% | +121% |
| JPMorgan Chase Bank | $909M | 0.2% | +14,110% |
| First Horizon Bank | $477M | 0.1% | +6% |
| TD Bank | $470M | 0.1% | no 2020 presence |
| Bank OZK | $345M | 0.1% | +63% |
| U.S. Bank | $323M | 0.1% | +4,774% |
| United Community Bank | $309M | 0.1% | no 2020 presence |
| First Bank | $210M | <0.1% | +228% |
| Dogwood State Bank | $192M | <0.1% | +916% |
| The Park National Bank | $179M | <0.1% | +1% |
| New Republic Bank | $145M | <0.1% | no 2020 presence |
| Ameris Bank | $124M | <0.1% | no 2020 presence |
| The Huntington National Bank | $104M | <0.1% | no 2020 presence |
| ServisFirst Bank | $102M | <0.1% | no 2020 presence |
| Peoples Bank | $99M | <0.1% | +23% |
| United Bank | $81M | <0.1% | +83% |
| HomeTrust Bank | $76M | <0.1% | -19% |
| Southern First Bank | $56M | <0.1% | no 2020 presence |
| Uwharrie Bank | $50M | <0.1% | +102% |
| Carter Bank & Trust | $46M | <0.1% | no 2020 presence |
| Oakworth Capital Bank | $46M | <0.1% | no 2020 presence |
| Encore Bank | $41M | <0.1% | no 2020 presence |
| Mechanics & Farmers Bank | $32M | <0.1% | -34% |
| Woodforest National Bank | $30M | <0.1% | +14% |
| Cedar Hill National Bank | $2M | <0.1% | 0% |
| Flagstar Bank | $0M | 0.0% | no 2020 presence |
The 36 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 Charlotte-Concord market
Mecklenburg County is one of 18 counties that make up the Charlotte-Concord, NC-SC market, a Combined Statistical Area (ranked #19 of 293 U.S. markets by economic output). It produces 60.5% of the market’s output and holds 92.8% of its deposits.
| Measure | Mecklenburg County | Share of parent market |
|---|---|---|
| 2024 GDP | $146.2B | 60.5% |
| Deposits | $452.1B | 92.8% |
| Population | 1,233,383 | 34.9% |
View the full Charlotte-Concord market profile →
Recruiting in Mecklenburg 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 Mecklenburg County.
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