Putnam County, West Virginia, a core county of the Charleston-Huntington-Ashland, WV-OH-KY market, holds $1.6B in deposits across 13 insured institutions and 20 branches. Putnam County Bank is the largest deposit holder at 35.0% share. The top three institutions hold 60.6% of deposits, which places the county in the concentrated band. Deposits have grown 30.3% since 2020 while the branch count rose by 1. It produces $3.1B of output, ranking #757 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 19 in 2020 to 20 in 2025. Institutions: 13 to 13. Top-three share: 68.9% to 60.6%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Putnam County Bank | $566M | 35.0% | +8% |
| City National Bank of West Virginia | $252M | 15.6% | +27% |
| JPMorgan Chase Bank, National Association | $161M | 10.0% | +124% |
| Truist Bank | $159M | 9.9% | +21% |
| The Huntington National Bank | $95M | 5.9% | +68% |
| The Poca Valley Bank, Inc. | $88M | 5.4% | +66% |
| Fifth Third Bank, National Association | $83M | 5.1% | +83% |
| WesBanco Bank, Inc. | $66M | 4.1% | +90% |
| United Bank | $60M | 3.7% | +10% |
| Huntington Federal Savings Bank | $34M | 2.1% | +31% |
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 Charleston-Huntington-Ashland market
Putnam County is one of 12 counties that make up the Charleston-Huntington-Ashland, WV-OH-KY market, a Combined Statistical Area (ranked #94 of 293 U.S. markets by economic output). It produces 10.0% of the market’s output and holds 10.1% of its deposits.
| Measure | Putnam County | Share of Charleston-Huntington-Ashland market |
|---|---|---|
| 2024 GDP | $3.1B | 10.0% |
| Deposits | $1.6B | 10.1% |
| Population | 56,885 | 8.9% |
View the full Charleston-Huntington-Ashland market profile →
Recruiting in Putnam 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 Putnam County, on a retained basis.
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