Market Intelligence

Portage County, OH

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

Portage County, Ohio, a core county of the Cleveland-Akron-Canton, OH market, holds $2.9B in deposits across 11 insured institutions and 34 branches. The Huntington National Bank is the largest deposit holder at 34.7% share. The top three banks hold 66% of deposits, which places the county in the Concentrated band. Deposits have grown 12.5% since 2020 while the branch count fell by 10.5%. It produces $6.7B of output, ranking #491 of the 1,523 ranked counties by economic output.

Economic scale
2024 Real GDP
$6.7B
#491 of 1,523
Population
163,404
#428 of 1,523
GDP per Capita
$40,775
#877 of 1,523
Deposit market
Deposits (SOD, 6/30/25)
$2.9B
#512 of 1,523
Deposits per Capita
$17,608
#1,030 of 1,523
Deposits per Branch
$85M
#827 of 1,523
Competitive structure
Insured Institutions
11
#623 of 1,523
Branches per 100k Pop.
20.8
#948 of 1,523
Median Deposits per Institution
$172M
The median deposits booked by a single institution in the county. #428 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
31.0%
of county deposits held by banks with $100M to $100B in assets. #1,339 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: Concentrated
66%
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)+12.5% over 5 years
$2.6B
2020
$3.0B
2021
$2.9B
2022
$2.9B
2023
$2.8B
2024
$2.9B
2025

Branches: 38 in 2020 to 34 in 2025. Institutions: 14 to 11. Top-three share: 60% to 66%.

Institutions by deposits

InstitutionDepositsShareBranches5‑yr
deposits
The Huntington National Bank$997M34.7%5+24%
JPMorgan Chase Bank$515M17.9%5+15%
Portage Community Bank$393M13.7%3+18%
Hometown Bank$216M7.5%4+11%
KeyBank$205M7.1%4+4%
PNC Bank$172M6.0%3+46%
The Middlefield Banking Company$148M5.1%2+3%
Fifth Third Bank$95M3.3%1-24%
WesBanco Bank, Inc.$87M3.0%3no 2020 presence
The Farmers National Bank of Canfield$39M1.4%1no 2020 presence
Woodforest National Bank$9M0.3%3+24%

The 11 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 Cleveland-Akron-Canton market

Portage County is one of 17 counties that make up the Cleveland-Akron-Canton, OH market, a Combined Statistical Area (ranked #20 of 293 U.S. markets by economic output). It produces 2.9% of the market’s output and holds 1.7% of its deposits.

MeasurePortage CountyShare of parent market
2024 GDP$6.7B2.9%
Deposits$2.9B1.7%
Population163,4044.4%

View the full Cleveland-Akron-Canton market profile →

Recruiting in Portage 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 Portage County.

See how we help banks recruit commercial banking talent