Pinellas County, Florida, a core county of the Tampa-St. Petersburg-Clearwater, FL market, holds $71.1B in deposits across 32 insured institutions and 237 branches. Raymond James Bank is the largest deposit holder at 54.0% share. The top three institutions hold 67.4% of deposits, which places the county in the concentrated band. Deposits have grown 33.0% since 2020 while the branch count fell by 37. It produces $62.3B of output, ranking #68 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 274 in 2020 to 237 in 2025. Institutions: 32 to 32. Top-three share: 66.0% to 67.4%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Raymond James Bank | $38.4B | 54.0% | +50% |
| Bank of America, National Association | $5.4B | 7.6% | +4% |
| Wells Fargo Bank, National Association | $4.2B | 5.8% | -8% |
| Regions Bank | $3.9B | 5.5% | +30% |
| Truist Bank | $3.8B | 5.3% | 0% |
| JPMorgan Chase Bank, National Association | $2.8B | 3.9% | +62% |
| Fifth Third Bank, National Association | $1.4B | 2.0% | +60% |
| Valley National Bank | $1.4B | 1.9% | +16% |
| Bank OZK | $1.2B | 1.7% | +74% |
| Hancock Whitney Bank | $890M | 1.2% | +42% |
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 competitive growth; “no 2020 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year.
Part of the Tampa-St. Petersburg-Clearwater market
Pinellas 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 30.0% of the market’s output and holds 55.5% of its deposits.
| Measure | Pinellas County | Share of Tampa-St. Petersburg-Clearwater market |
|---|---|---|
| 2024 GDP | $62.3B | 30.0% |
| Deposits | $71.1B | 55.5% |
| Population | 948,563 | 27.7% |
View the full Tampa-St. Petersburg-Clearwater market profile →
Recruiting in Pinellas 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 Pinellas County, on a retained basis.
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