Montgomery County, Maryland, a core county of the Washington-Baltimore-Arlington, DC-MD-VA-WV-PA market, holds $55.5B in deposits across 28 insured institutions and 223 branches. Capital One, National Association is the largest deposit holder at 13.6% share. The top three banks hold 39% of deposits, which places the county in the Fragmented band. Deposits have grown 11.2% since 2020 while the branch count fell by 19.8%. It produces $94.9B of output, 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: 278 in 2020 to 223 in 2025. Institutions: 27 to 28. Top-three share: 49% to 39%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Capital One | $7.6B | 13.6% | -29% |
| Bank of America | $7.2B | 12.9% | -2% |
| EagleBank | $6.8B | 12.3% | +96% |
| Atlantic Union Bank | $6.6B | 11.8% | +17% |
| Forbright Bank | $6.0B | 10.8% | +470% |
| Truist Bank | $5.0B | 9.0% | -23% |
| Wells Fargo Bank | $3.1B | 5.6% | -10% |
| Manufacturers and Traders Trust Company | $2.2B | 3.9% | +5% |
| Citibank | $2.0B | 3.7% | -2% |
| Capital Bank | $1.8B | 3.2% | +46% |
| PNC Bank | $1.6B | 2.9% | -11% |
| TD Bank | $1.4B | 2.6% | +9% |
| United Bank | $1.2B | 2.2% | +6% |
| JPMorgan Chase Bank | $964M | 1.7% | +248% |
| Presidential Bank, FSB | $675M | 1.2% | +56% |
| First National Bank of Pennsylvania | $315M | 0.6% | +14% |
| WesBanco Bank, Inc. | $283M | 0.5% | +14% |
| Citizens Bank | $168M | 0.3% | no 2020 presence |
| Cathay Bank | $108M | 0.2% | +94% |
| John Marshall Bank | $88M | 0.2% | -15% |
| Primis Bank | $84M | 0.2% | -36% |
| Fulton Bank | $82M | 0.1% | -11% |
| FVCbank | $53M | 0.1% | +10% |
| The Harbor Bank of Maryland | $49M | 0.1% | no 2020 presence |
| Trustar Bank | $48M | 0.1% | no 2020 presence |
| Peoples Bank | $39M | 0.1% | no 2020 presence |
| The National Capital Bank of Washington | $28M | <0.1% | +20% |
| Pinnacle Bank | $5M | <0.1% | no 2020 presence |
The 28 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, 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. “No 2020 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 12.7% of its deposits.
| Measure | Montgomery County | Share of parent market |
|---|---|---|
| 2024 GDP | $94.9B | 10.9% |
| Deposits | $55.5B | 12.7% |
| 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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