Market Intelligence

Philadelphia County, PA

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

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 banks hold 59% of deposits, which places the county in the Moderate band. Deposits have grown 12.0% since 2020 while the branch count fell by 12.5%. It produces $109.4B of output, ranking #35 of the 1,523 ranked counties by economic output.

Economic scale
2024 Real GDP
$109.4B
#35 of 1,523
Population
1,574,281
#25 of 1,523
GDP per Capita
$69,500
#199 of 1,523
Deposit market
Deposits (SOD, 6/30/25)
$73.4B
#37 of 1,523
Deposits per Capita
$46,643
#114 of 1,523
Deposits per Branch
$290M
#48 of 1,523
Competitive structure
Insured Institutions
37
#55 of 1,523
Branches per 100k Pop.
16.1
#1,234 of 1,523
Median Deposits per Institution
$136M
The median deposits booked by a single institution in the county. #602 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
9.7%
of county deposits held by banks with $100M to $100B in assets. #1,502 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
59%
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, 2020 to 2025)+12.0% over 5 years
$65.6B
2020
$71.1B
2021
$67.8B
2022
$71.4B
2023
$72.3B
2024
$73.4B
2025

Branches: 289 in 2020 to 253 in 2025. Institutions: 41 to 37. Top-three share: 62% to 59%.

Institutions by deposits

InstitutionDepositsShareBranches5‑yr
deposits
Bank of America$16.0B21.8%16+16%
Wells Fargo Bank$14.4B19.7%31+11%
PNC Bank$12.7B17.3%34-9%
Citizens Bank$10.6B14.5%36+38%
Santander Bank$4.1B5.6%12+7%
TD Bank$3.9B5.2%21-6%
Manufacturers and Traders Trust Company$2.9B3.9%5+125%
Wilmington Savings Fund Society, FSB$2.4B3.2%11+85%
Firstrust Savings Bank$1.7B2.3%5+46%
Fulton Bank$899M1.2%12+2,641%
JPMorgan Chase Bank$712M1.0%18+158%
Truist Bank$621M0.8%9-41%
Univest Bank and Trust Co.$484M0.7%7-15%
Asian Bank$440M0.6%3+129%
United Savings Bank$214M0.3%3+18%
Hyperion Bank$205M0.3%1+44%
Meridian Bank$146M0.2%1+415%
The Northern Trust Company$138M0.2%1no 2020 presence
Parke Bank$136M0.2%2+18%
S&T Bank$120M0.2%2-31%
The Bank of Princeton$98M0.1%3+22%
Mid Penn Bank$97M0.1%2no 2020 presence
OceanFirst Bank$80M0.1%1no 2020 presence
KeyBank$64M0.1%1-16%
Tioga-Franklin Savings Bank$61M0.1%1+29%
Port Richmond Savings$58M0.1%1+14%
First Citizens Community Bank$45M0.1%3no 2020 presence
United Bank of Philadelphia$42M0.1%2-11%
Tompkins Community Bank$42M0.1%1no 2020 presence
Quaint Oak Bank$33M<0.1%1+584%
Abacus Federal Savings Bank$28M<0.1%1+36%
Second Federal Savings and Loan Association of Philadelphia$23M<0.1%1+170%
Sharon Bank$12M<0.1%1-35%
The Philadelphia Trust Company$6M<0.1%10%
The Bank of New York Mellon Trust Company$0M0.0%1no 2020 presence
Wilmington Trust$0M0.0%1no 2020 presence
BNY Mellon$0M0.0%1no 2020 presence

The 37 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 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.

MeasurePhiladelphia CountyShare of parent market
2024 GDP$109.4B20.9%
Deposits$73.4B10.7%
Population1,574,28121.0%

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.

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