Monongalia County, West Virginia, a core county of the Morgantown, WV market, holds $5.1B in deposits across 13 insured institutions and 34 branches. United Bank is the largest deposit holder at 30.7% share. The top three institutions hold 71.4% of deposits, which places the county in the concentrated band. Deposits have grown 52.6% since 2020 while the branch count fell by 5. It produces $7.5B of output, ranking #445 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 39 in 2020 to 34 in 2025. Institutions: 12 to 13. Top-three share: 64.5% to 71.4%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| United Bank | $1.6B | 30.7% | +36% |
| MVB Bank, Inc | $1.4B | 28.4% | +282% |
| The Huntington National Bank | $631M | 12.3% | +23% |
| Clear Mountain Bank | $387M | 7.6% | +32% |
| Truist Bank | $327M | 6.4% | -34% |
| PNC Bank, National Association | $233M | 4.6% | +69% |
| WesBanco Bank, Inc. | $232M | 4.5% | +19% |
| First United Bank & Trust | $125M | 2.5% | +8% |
| Citizens Bank of Morgantown, Inc. | $42M | 0.8% | +30% |
| Burke & Herbert Bank & Trust Company | $39M | 0.8% | no 2020 presence |
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 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 90.8% of its deposits.
| Measure | Monongalia County | Share of Morgantown market |
|---|---|---|
| 2024 GDP | $7.5B | 90.7% |
| Deposits | $5.1B | 90.8% |
| 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, on a retained basis.
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