Monongalia County, West Virginia, a core county of the Morgantown, WV market, holds $5.1B in deposits across 13 insured institutions and 33 branches. United Bank is the largest deposit holder at 29.3% share. The top three banks hold 69% of deposits, which places the county in the Concentrated band. Deposits have grown 26.2% since 2021 while the branch count fell by 13.2%. It produced $7.5B of real gross domestic product in 2024, ranking #445 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: 38 in 2021 to 33 in 2026. Institutions: 13 to 13. Top-three share: 68% to 69%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| United Bank | $1.5B | 29.3% | +18% |
| MVB Bank, Inc | $1.4B | 26.5% | +44% |
| The Huntington National Bank | $678M | 13.2% | +21% |
| Clear Mountain Bank | $387M | 7.5% | +17% |
| Truist Bank | $337M | 6.5% | -7% |
| WesBanco Bank, Inc. | $306M | 5.9% | +34% |
| PNC Bank | $244M | 4.7% | +48% |
| First United Bank & Trust | $166M | 3.2% | +39% |
| First Exchange Bank | $45M | 0.9% | +23% |
| Citizens Bank of Morgantown, Inc. | $43M | 0.8% | +14% |
| JPMorgan Chase Bank | $36M | 0.7% | +689% |
| Burke & Herbert Bank & Trust Company | $31M | 0.6% | +475% |
| City National Bank of West Virginia | $3M | 0.1% | +10% |
The 13 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 Morgantown market
Monongalia County is one of 2 counties that make up the Morgantown, WV market, a Metropolitan Statistical Area (ranked #216 of 293 U.S. markets by economic output). It produces 90.7% of the market’s output and holds 90.6% of its deposits.
| Measure | Monongalia County | Share of parent market |
|---|---|---|
| 2024 GDP | $7.5B | 90.7% |
| Deposits | $5.1B | 90.6% |
| Population | 107,991 | 76.1% |
View the full Morgantown market profile →
Recruiting in Monongalia 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 Monongalia County.
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