Radford city, Virginia, a core county of the Blacksburg-Christiansburg-Radford, VA market, holds $364M in deposits across 6 insured institutions and 6 branches. Truist Bank is the largest deposit holder at 39.3% share. The top three institutions hold 77.7% of deposits, which places the county in the concentrated band. Deposits have fallen 18.0% since 2020 while the branch count fell by 1. It produces $917M of output, ranking #1,215 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 7 in 2020 to 6 in 2025. Institutions: 6 to 6. Top-three share: 71.4% to 77.7%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Truist Bank | $143M | 39.3% | -12% |
| Atlantic Union Bank | $83M | 22.8% | +15% |
| Carter Bank & Trust | $57M | 15.6% | +17% |
| The National Bank of Blacksburg | $48M | 13.2% | +12% |
| First Community Bank | $33M | 9.2% | -7% |
| The Bank of Marion | $0M | 0.0% | no 2020 presence |
The 6 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 Blacksburg-Christiansburg-Radford market
Radford city is one of 5 counties that make up the Blacksburg-Christiansburg-Radford, VA market, a Metropolitan Statistical Area (ranked #209 of 293 U.S. markets by economic output). It produces 10.4% of the market’s output and holds 8.1% of its deposits.
| Measure | Radford city | Share of Blacksburg-Christiansburg-Radford market |
|---|---|---|
| 2024 GDP | $917M | 10.4% |
| Deposits | $364M | 8.1% |
| Population | 17,243 | 9.5% |
View the full Blacksburg-Christiansburg-Radford market profile →
Recruiting in Radford city
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 Radford city, on a retained basis.
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