Market Intelligence

Portage County, OH

Banking market profile · FDIC Summary of Deposits, 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 institutions hold 66.2% of deposits, which places the county in the concentrated band. Deposits have grown 12.5% since 2020 while the branch count fell by 4. It produces $6.7B of output, ranking #491 of the 1,523 counties within a CSA or MSA by economic output.

2024 Real GDP
$6.7B
#491 of 1,523
Total Deposits
$2.9B
#512 of 1,523
Population
163,404
#428 of 1,523
GDP per Capita
$40,775
#877 of 1,523
Insured Institutions
11
#623 of 1,523
Deposits per Branch
$85M
#827 of 1,523
Deposits per Capita
$17,608
#1,030 of 1,523
Branches per 100k Pop.
20.8
#948 of 1,523
Median Institution Size
$172M
Median deposits of the institutions operating in the county. #428 of 1,523. A smaller figure signals a market served mainly by community-scale banks.
Community & Regional Bank Share
31.0%
of market deposits held by banks with $100M to $50B in assets. #1,226 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: concentrated
66.2%
The combined deposit share of the three largest institutions in the county. A lower share means deposits are spread across more institutions.

Deposit trend

Total county deposits, 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: 59.7% to 66.2%.

Leading institutions by deposits

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

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 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 Cleveland-Akron-Canton 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, on a retained basis.

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