Raleigh County, West Virginia, a core county of the Beckley, WV market, holds $1.7B in deposits across 11 insured institutions and 28 branches. City National Bank of West Virginia is the largest deposit holder at 27.1% share. The top three institutions hold 64.3% of deposits, which places the county in the concentrated band. Deposits have grown 18.0% since 2020 while the branch count rose by 2. It produces $3.4B of output, ranking #722 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 26 in 2020 to 28 in 2025. Institutions: 11 to 11. Top-three share: 66.5% to 64.3%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| City National Bank of West Virginia | $464M | 27.1% | +9% |
| United Bank | $335M | 19.6% | +18% |
| JPMorgan Chase Bank, National Association | $301M | 17.6% | +18% |
| Truist Bank | $147M | 8.6% | -12% |
| First Community Bank | $112M | 6.6% | +16% |
| Whitesville State Bank | $97M | 5.7% | +90% |
| MCNB Bank and Trust Co. | $78M | 4.6% | +19% |
| Pendleton Community Bank, Inc. | $63M | 3.7% | +36% |
| Pioneer Community Bank, Inc. | $63M | 3.6% | +92% |
| Burke & Herbert Bank & Trust Company | $45M | 2.6% | no 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 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 Beckley market
Raleigh County is one of 2 counties that make up the Beckley, WV market, a Metropolitan Statistical Area (ranked #275 of 293 U.S. markets by economic output). It produces 74.0% of the market’s output and holds 73.8% of its deposits.
| Measure | Raleigh County | Share of Beckley market |
|---|---|---|
| 2024 GDP | $3.4B | 74.0% |
| Deposits | $1.7B | 73.8% |
| Population | 71,775 | 65.3% |
See the Beckley market in Market Intelligence →
Recruiting in Raleigh 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 Raleigh County, on a retained basis.
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