New Hanover County, North Carolina, a core county of the Wilmington, NC market, holds $22.6B in deposits across 22 insured institutions and 55 branches. Live Oak Banking Company is the largest deposit holder at 55.9% share. The top three banks hold 80% of deposits, which places the county in the Concentrated band. Deposits have grown 80.6% since 2020 while the branch count fell by 12.7%. It produces $16.5B of output, ranking #247 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: 63 in 2020 to 55 in 2025. Institutions: 20 to 22. Top-three share: 72% to 80%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Live Oak Banking Company | $12.6B | 55.9% | +115% |
| Truist Bank | $3.9B | 17.3% | +188% |
| Wells Fargo Bank | $1.4B | 6.3% | -22% |
| First-Citizens Bank & Trust Company | $1.1B | 4.9% | +21% |
| Bank of America | $789M | 3.5% | 0% |
| First Bank | $559M | 2.5% | +72% |
| First National Bank of Pennsylvania | $434M | 1.9% | +64% |
| PNC Bank | $365M | 1.6% | +13% |
| SouthState Bank | $277M | 1.2% | +32% |
| Bank OZK | $159M | 0.7% | +17% |
| TD Bank | $158M | 0.7% | +11% |
| First Carolina Bank | $140M | 0.6% | no 2020 presence |
| Dogwood State Bank | $137M | 0.6% | +336% |
| United Bank | $133M | 0.6% | +202% |
| Southern Bank and Trust Company | $114M | 0.5% | +192% |
| North State Bank | $87M | 0.4% | -34% |
| Paragon Bank | $77M | 0.3% | no 2020 presence |
| United Community Bank | $66M | 0.3% | no 2020 presence |
| Fifth Third Bank | $11M | 0.1% | no 2020 presence |
| FSNB | $6M | <0.1% | +15% |
| First Community Bank | $0M | 0.0% | no 2020 presence |
| Davidson Trust Co. | $0M | 0.0% | no 2020 presence |
The 22 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 Wilmington market
New Hanover County is one of 3 counties that make up the Wilmington, NC market, a Metropolitan Statistical Area (ranked #116 of 293 U.S. markets by economic output). It produces 67.0% of the market’s output and holds 85.7% of its deposits.
| Measure | New Hanover County | Share of parent market |
|---|---|---|
| 2024 GDP | $16.5B | 67.0% |
| Deposits | $22.6B | 85.7% |
| Population | 245,959 | 49.9% |
View the full Wilmington market profile →
Recruiting in New Hanover 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 New Hanover County.
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