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 institutions hold 96.0% of deposits, which places the county in the concentrated band. Deposits have grown 42.8% since 2020 while the branch count rose by 11. It produces $146.2B of output, ranking #21 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 232 in 2020 to 243 in 2025. Institutions: 31 to 36. Top-three share: 96.6% to 96.0%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Bank of America, National Association | $318.3B | 70.4% | +59% |
| Truist Bank | $85.3B | 18.9% | +14% |
| Wells Fargo Bank, National Association | $30.6B | 6.8% | +1% |
| Fifth Third Bank, National Association | $3.9B | 0.9% | +15% |
| First-Citizens Bank & Trust Company | $2.3B | 0.5% | +22% |
| PNC Bank, National Association | $2.0B | 0.4% | +211% |
| Pinnacle Bank | $1.3B | 0.3% | +88% |
| TowneBank | $1.1B | 0.2% | +44% |
| SouthState Bank, National Association | $1.0B | 0.2% | +57% |
| Regions Bank | $986M | 0.2% | +77% |
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 organic growth; “no 2020 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year.
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 Charlotte-Concord 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, on a retained basis.
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