Market Intelligence

Palm Beach County, FL

Banking market profile · FDIC Summary of Deposits (SOD), June 30, 2026
Market Intelligence › Miami-Port St. Lucie-Fort Lauderdale, FL › Palm Beach County

Palm Beach County, Florida, a core county of the Miami-Port St. Lucie-Fort Lauderdale, FL market, holds $66.9B in deposits across 56 insured institutions and 387 branches. Bank of America is the largest deposit holder at 15.7% share. The top three banks hold 45% of deposits, which places the county in the Moderate band. Deposits have fallen 2.6% since 2021 while the branch count fell by 5.1%. It produced $110.5B of real gross domestic product in 2024, ranking #34 of the 1,523 ranked counties by economic output.

Economic scale
2024 Real GDP
$110.5B
#34 of 1,523
Population
1,575,726
#24 of 1,523
GDP per Capita
$70,156
#191 of 1,523
Deposit market
Deposits (SOD, 6/30/26)
$66.9B
#45 of 1,523
Deposits per Capita
$42,433
#163 of 1,523
Deposits per Branch
$173M
#141 of 1,523
Competitive structure
Insured Institutions
56
#14 of 1,523
Branches per 100k Pop.
24.6
#733 of 1,523
Median Deposits per Institution
$190M
The median deposits booked by a single institution in the county. #380 of 1,523. A lower figure means institutions typically hold smaller deposit positions here; it reflects local deposit presence, not an institution’s overall size. See Community & Regional Bank Share for institution scale.
Community & Regional Bank Share
19.3%
of county deposits held by banks with $100M to $100B in assets. #1,428 of 1,523. A higher share points to a market where small to mid-size institutions, the kind that compete on relationships and local decision-making, hold more ground.
Top-3 Banks’ Deposit Share: Moderate
45%
The combined deposit share of the top three banks by deposits in the county. A lower share means deposits are spread across more institutions.

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

County Deposits (SOD, 2021 to 2026)-2.6% over 5 years
$68.6B
2021
$75.1B
2022
$68.9B
2023
$65.5B
2024
$64.3B
2025
$66.9B
2026

Branches: 408 in 2021 to 387 in 2026. Institutions: 49 to 56. Top-three share: 48% to 45%.

Institutions by deposits

InstitutionDepositsShareBranches5‑yr
deposits
Bank of America$10.5B15.7%37-13%
JPMorgan Chase Bank$10.0B15.0%51-8%
Wells Fargo Bank$9.5B14.2%47-22%
PNC Bank$8.3B12.4%31+46%
Truist Bank$4.0B6.0%36-11%
TD Bank$3.7B5.5%25-15%
Citibank$2.7B4.0%10+1%
Seacoast National Bank$1.7B2.5%11-13%
City National Bank of Florida$1.6B2.4%3+244%
Fifth Third Bank$1.5B2.3%23+113%
Flagstar Bank$1.4B2.1%12+3%
Valley National Bank$1.4B2.0%6+29%
Citizens Bank$980M1.5%2no 2021 presence
Pinnacle Bank$861M1.3%6-42%
The Northern Trust Company$807M1.2%4-33%
Third Federal Savings and Loan Association of Cleveland$762M1.1%4+8%
First Horizon Bank$760M1.1%8-53%
SouthState Bank$725M1.1%4+14%
BankUnited$683M1.0%8-46%
Centennial Bank$612M0.9%4+2%
EverBank$555M0.8%1+15%
Regions Bank$510M0.8%8-22%
First-Citizens Bank & Trust Company$355M0.5%2+49%
Anchor Bank$345M0.5%4+163%
Paradise Bank$331M0.5%2+12%
ConnectOne Bank$322M0.5%1no 2021 presence
Amerant Bank$289M0.4%3+150%
Manufacturers and Traders Trust Company$205M0.3%2+41%
NBH Bank$176M0.3%1no 2021 presence
First National Bank of Coffee County$148M0.2%3+136%
Bank of Belle Glade$145M0.2%1+13%
Beal Bank USA$120M0.2%1+32%
CIBC Bank USA$107M0.2%1no 2021 presence
Commerce Bank$107M0.2%1+8%
Cypress Bank & Trust$79M0.1%1no 2021 presence
BankFlorida$77M0.1%1-25%
United Community Bank$73M0.1%2-55%
U.S. Bank$63M0.1%1+513%
Pacific National Bank$59M0.1%1no 2021 presence
Bank OZK$49M0.1%1no 2021 presence
Natbank$44M0.1%1+338%
Ocean Bank$38M0.1%1no 2021 presence
Evermore Bank$37M0.1%1no 2021 presence
First Bank$37M0.1%1+343%
First Bank$32M<0.1%1+21%
Safra National Bank of New York$32M<0.1%1no 2021 presence
Old Dominion National Bank$21M<0.1%1no 2021 presence
TrustCo Bank$13M<0.1%1-36%
KeyBank$9M<0.1%1+12%
Interamerican Bank, A FSB$3M<0.1%1-39%
Metropolitan Commercial Bank<$1M<0.1%1no 2021 presence
Emigrant Bank<$1M<0.1%1no 2021 presence
Wilmington Savings Fund Society, FSB$0M0.0%1no 2021 presence
Wilmington Trust$0M0.0%2no 2021 presence
BNY Mellon$0M0.0%1no 2021 presence
CIBC National Trust Company$0M0.0%1no 2021 presence

The 56 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 Miami-Port St. Lucie-Fort Lauderdale market

Palm Beach County is one of 8 counties that make up the Miami-Port St. Lucie-Fort Lauderdale, FL market, a Combined Statistical Area (ranked #12 of 293 U.S. markets by economic output). It produces 22.6% of the market’s output and holds 17.9% of its deposits.

MeasurePalm Beach CountyShare of parent market
2024 GDP$110.5B22.6%
Deposits$66.9B17.9%
Population1,575,72621.7%

View the full Miami-Port St. Lucie-Fort Lauderdale market profile →

Recruiting in Palm Beach 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 Palm Beach County.

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Other counties in the Miami-Port St. Lucie-Fort Lauderdale market

All 293 markets and the 1,523 counties with a branch within a CSA or MSA are covered in the Market Intelligence resource. See the methodology for how each figure is built and when to expect updates, or the disclaimer for how this data should, and should not, be read.