Market Intelligence

Pasco County, FL

Banking market profile · FDIC Summary of Deposits, June 30, 2025

Pasco County, Florida, a core county of the Tampa-St. Petersburg-Clearwater, FL market, holds $8.9B in deposits across 19 insured institutions and 81 branches. Truist Bank is the largest deposit holder at 17.6% share. The top three institutions hold 52.0% of deposits, which places the county in the moderately concentrated band. Deposits have grown 29.5% since 2020 while the branch count fell by 4.7%. It produces $18.8B of output, ranking #227 of the 1,523 ranked counties by economic output.

Economic scale
2024 Real GDP
$18.8B
#227 of 1,523
Population
674,516
#104 of 1,523
GDP per Capita
$27,819
#1,307 of 1,523
Deposit market
Total Deposits
$8.9B
#220 of 1,523
Deposits per Capita
$13,263
#1,292 of 1,523
Deposits per Branch
$110M
#465 of 1,523
Competitive structure
Insured Institutions
19
#243 of 1,523
Branches per 100k Pop.
12.0
#1,407 of 1,523
Median Deposits per Institution
$261M
The median deposits booked by a single institution in the county. #207 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
16.1%
of county deposits held by banks with $100M to $50B in assets. #1,408 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 Deposit Share: moderately concentrated
52.0%
The combined deposit share of the three largest institutions 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

Total county deposits (nominal), 2020 to 2025+29.5% over 5 years
$6.9B
2020
$7.4B
2021
$8.1B
2022
$8.0B
2023
$8.4B
2024
$8.9B
2025

Branches: 85 in 2020 to 81 in 2025. Institutions: 17 to 19. Top-three share: 62.1% to 52.0%.

Institutions by deposits

InstitutionDepositsShareBranches5‑yr
Truist Bank$1.6B17.6%17+5%
Wells Fargo Bank$1.6B17.6%11+18%
Bank of America$1.5B16.8%8+3%
JPMorgan Chase Bank$960M10.7%7+102%
Centennial Bank$527M5.9%2+47%
Regions Bank$466M5.2%6+24%
Fifth Third Bank$408M4.6%6+168%
SouthState Bank$298M3.3%3+39%
First National Bank of Pasco$266M3.0%4+53%
TD Bank$261M2.9%4+42%
Third Federal Savings and Loan Association of Cleveland$217M2.4%1-9%
PNC Bank$207M2.3%2+80%
BankFlorida$188M2.1%2no 2020 presence
Synovus Bank$180M2.0%3+7%
Bank OZK$110M1.2%1+321%
Cadence Bank$70M0.8%1+13%
Republic Bank & Trust Company$67M0.7%1-5%
Flagship Bank$62M0.7%1no 2020 presence
Citizens Bank and Trust$8M0.1%1no 2020 presence

The 19 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. “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 Tampa-St. Petersburg-Clearwater market

Pasco County is one of 4 counties that make up the Tampa-St. Petersburg-Clearwater, FL market, a Metropolitan Statistical Area (ranked #23 of 293 U.S. markets by economic output). It produces 9.0% of the market’s output and holds 7.0% of its deposits.

MeasurePasco CountyShare of parent market
2024 GDP$18.8B9.0%
Deposits$8.9B7.0%
Population674,51619.7%

View the full Tampa-St. Petersburg-Clearwater market profile →

Recruiting in Pasco County

Deposits are split among a moderate 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 Pasco County.

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