Mecklenburg County, North Carolina, a core county of the Charlotte-Concord, NC-SC market, holds $407.4B in deposits across 35 insured institutions and 251 branches. Bank of America is the largest deposit holder at 71.1% share. The top three banks hold 95% of deposits, which places the county in the Concentrated band. Deposits have grown 39.2% since 2021 while the branch count rose by 5.5%. It produced $146.2B of real gross domestic product in 2024, 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: 238 in 2021 to 251 in 2026. Institutions: 32 to 35. Top-three share: 95% to 95%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Bank of America | $289.5B | 71.1% | +50% |
| Truist Bank | $77.2B | 19.0% | +67% |
| Wells Fargo Bank | $21.3B | 5.2% | -46% |
| Fifth Third Bank | $3.8B | 0.9% | -14% |
| PNC Bank | $3.2B | 0.8% | +98% |
| First-Citizens Bank & Trust Company | $2.4B | 0.6% | +7% |
| Pinnacle Bank | $1.5B | 0.4% | +66% |
| TowneBank | $1.3B | 0.3% | +20% |
| JPMorgan Chase Bank | $1.1B | 0.3% | +835% |
| First National Bank of Pennsylvania | $1.0B | 0.3% | +188% |
| Regions Bank | $1.0B | 0.2% | +67% |
| SouthState Bank | $985M | 0.2% | +22% |
| First Horizon Bank | $431M | 0.1% | +8% |
| U.S. Bank | $380M | 0.1% | +854% |
| Bank OZK | $345M | 0.1% | +55% |
| United Community Bank | $286M | 0.1% | -40% |
| First Bank | $235M | 0.1% | -8% |
| The Park National Bank | $210M | 0.1% | -2% |
| ServisFirst Bank | $195M | <0.1% | no 2021 presence |
| The Huntington National Bank | $181M | <0.1% | no 2021 presence |
| Peoples Bank | $103M | <0.1% | +7% |
| HomeTrust Bank | $99M | <0.1% | +15% |
| Southern First Bank | $95M | <0.1% | no 2021 presence |
| Ameris Bank | $93M | <0.1% | +1,292% |
| United Bank | $90M | <0.1% | +146% |
| Oakworth Capital Bank | $76M | <0.1% | no 2021 presence |
| TD Bank | $59M | <0.1% | no 2021 presence |
| Uwharrie Bank | $47M | <0.1% | +60% |
| Carter Bank & Trust | $43M | <0.1% | no 2021 presence |
| Encore Bank | $35M | <0.1% | no 2021 presence |
| Mechanics & Farmers Bank | $30M | <0.1% | -42% |
| Woodforest National Bank | $28M | <0.1% | -13% |
| The Fidelity Bank | $4M | <0.1% | no 2021 presence |
| Cedar Hill National Bank | $2M | <0.1% | 0% |
| Flagstar Bank | $0M | 0.0% | no 2021 presence |
The 35 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, June 30, 2026. Five-year change compares the same institution’s county deposits in 2021 and 2026. 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 2021 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 92.0% of its deposits.
| Measure | Mecklenburg County | Share of parent market |
|---|---|---|
| 2024 GDP | $146.2B | 60.5% |
| Deposits | $407.4B | 92.0% |
| 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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