Philadelphia County, Pennsylvania, a core county of the Philadelphia-Reading-Camden, PA-NJ-DE-MD market, holds $73.4B in deposits across 37 insured institutions and 253 branches. Bank of America, National Association is the largest deposit holder at 21.8% share. The top three institutions hold 58.7% of deposits, which places the county in the moderately concentrated band. Deposits have grown 12.0% since 2020 while the branch count fell by 36. It produces $109.4B of output, ranking #35 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 289 in 2020 to 253 in 2025. Institutions: 41 to 37. Top-three share: 62.1% to 58.7%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Bank of America, National Association | $16.0B | 21.8% | +16% |
| Wells Fargo Bank, National Association | $14.4B | 19.7% | +11% |
| PNC Bank, National Association | $12.7B | 17.3% | -9% |
| Citizens Bank, National Association | $10.6B | 14.5% | +38% |
| Santander Bank, N.A. | $4.1B | 5.6% | +7% |
| TD Bank, National Association | $3.9B | 5.2% | -6% |
| Manufacturers and Traders Trust Company | $2.9B | 3.9% | +125% |
| Wilmington Savings Fund Society, FSB | $2.4B | 3.2% | +85% |
| Firstrust Savings Bank | $1.7B | 2.3% | +46% |
| Fulton Bank, National Association | $899M | 1.2% | +2,641% |
The 10 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. Even so, a large gain can reflect acquisition rather than organic growth; “no 2020 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year.
Part of the Philadelphia-Reading-Camden market
Philadelphia County is one of 16 counties that make up the Philadelphia-Reading-Camden, PA-NJ-DE-MD market, a Combined Statistical Area (ranked #11 of 293 U.S. markets by economic output). It produces 20.9% of the market’s output and holds 10.7% of its deposits.
| Measure | Philadelphia County | Share of Philadelphia-Reading-Camden market |
|---|---|---|
| 2024 GDP | $109.4B | 20.9% |
| Deposits | $73.4B | 10.7% |
| Population | 1,574,281 | 21.0% |
View the full Philadelphia-Reading-Camden market profile →
Recruiting in Philadelphia 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 Philadelphia County, on a retained basis.
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