Montgomery County, Maryland, a core county of the Washington-Baltimore-Arlington, DC-MD-VA-WV-PA market, holds $53.6B in deposits across 29 insured institutions and 217 branches. Forbright Bank is the largest deposit holder at 13.7% share. The top three banks hold 40% of deposits, which places the county in the Fragmented band. Deposits have grown 0.0% since 2021 while the branch count fell by 16.2%. It produced $94.9B of real gross domestic product in 2024, ranking #49 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: 259 in 2021 to 217 in 2026. Institutions: 27 to 29. Top-three share: 48% to 40%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Forbright Bank | $7.3B | 13.7% | +385% |
| Capital One | $7.2B | 13.4% | -38% |
| Bank of America | $7.0B | 13.1% | -12% |
| EagleBank | $6.1B | 11.3% | +29% |
| Truist Bank | $4.8B | 9.0% | +2% |
| Atlantic Union Bank | $3.8B | 7.0% | -39% |
| Wells Fargo Bank | $3.4B | 6.3% | -5% |
| Capital Bank | $2.4B | 4.5% | +71% |
| Manufacturers and Traders Trust Company | $2.1B | 3.9% | -10% |
| Citibank | $1.8B | 3.4% | -22% |
| PNC Bank | $1.6B | 3.1% | -15% |
| TD Bank | $1.6B | 2.9% | 0% |
| United Bank | $1.1B | 2.1% | -9% |
| JPMorgan Chase Bank | $1.1B | 2.1% | +120% |
| Presidential Bank, FSB | $652M | 1.2% | +12% |
| WesBanco Bank, Inc. | $414M | 0.8% | +57% |
| First National Bank of Pennsylvania | $320M | 0.6% | +4% |
| Citizens Bank | $175M | 0.3% | no 2021 presence |
| John Marshall Bank | $121M | 0.2% | +16% |
| Cathay Bank | $120M | 0.2% | +30% |
| Trustar Bank | $74M | 0.1% | no 2021 presence |
| FVCbank | $64M | 0.1% | +32% |
| Primis Bank | $63M | 0.1% | -57% |
| Fulton Bank | $63M | 0.1% | -27% |
| Burke & Herbert Bank & Trust Company | $63M | 0.1% | no 2021 presence |
| The Harbor Bank of Maryland | $51M | 0.1% | no 2021 presence |
| Peoples Bank | $42M | 0.1% | +15% |
| Pinnacle Bank | $29M | 0.1% | no 2021 presence |
| The National Capital Bank of Washington | $24M | <0.1% | +3% |
The 29 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 Washington-Baltimore-Arlington market
Montgomery County is one of 42 counties that make up the Washington-Baltimore-Arlington, DC-MD-VA-WV-PA market, a Combined Statistical Area (ranked #4 of 293 U.S. markets by economic output). It produces 10.9% of the market’s output and holds 12.5% of its deposits.
| Measure | Montgomery County | Share of parent market |
|---|---|---|
| 2024 GDP | $94.9B | 10.9% |
| Deposits | $53.6B | 12.5% |
| Population | 1,074,582 | 10.5% |
View the full Washington-Baltimore-Arlington market profile →
Recruiting in Montgomery County
Deposits are spread across a competitive field of institutions, so the bankers worth recruiting are dispersed across more of them. 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 Montgomery County.
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