San Francisco County, California, a core county of the San Jose-San Francisco-Oakland, CA market, holds $299.0B in deposits across 46 insured institutions and 206 branches. Bank of America, National Association is the largest deposit holder at 62.1% share. The top three institutions hold 85.3% of deposits, which places the county in the concentrated band. Deposits have fallen 8.1% since 2020 while the branch count fell by 66. It produces $233.9B of output, ranking #11 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 272 in 2020 to 206 in 2025. Institutions: 46 to 46. Top-three share: 77.6% to 85.3%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Bank of America, National Association | $185.6B | 62.1% | +13% |
| Wells Fargo Bank, National Association | $49.5B | 16.6% | -12% |
| JPMorgan Chase Bank, National Association | $20.0B | 6.7% | -57% |
| Bank of America California, National Association | $12.6B | 4.2% | -31% |
| Citibank, National Association | $8.3B | 2.8% | -6% |
| HSBC Bank USA, National Association | $4.8B | 1.6% | -22% |
| East West Bank | $2.7B | 0.9% | +36% |
| BMO Bank National Association | $2.4B | 0.8% | -29% |
| U.S. Bank National Association | $1.9B | 0.6% | -75% |
| Citizens Bank, National Association | $1.7B | 0.6% | 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 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 San Jose-San Francisco-Oakland market
San Francisco County is one of 13 counties that make up the San Jose-San Francisco-Oakland, CA market, a Combined Statistical Area (ranked #3 of 293 U.S. markets by economic output). It produces 19.2% of the market’s output and holds 44.1% of its deposits.
| Measure | San Francisco County | Share of San Jose-San Francisco-Oakland market |
|---|---|---|
| 2024 GDP | $233.9B | 19.2% |
| Deposits | $299.0B | 44.1% |
| Population | 826,079 | 9.0% |
View the full San Jose-San Francisco-Oakland market profile →
Recruiting in San Francisco 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 San Francisco County, on a retained basis.
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