Shelby County, Tennessee, a core county of the Memphis-Clarksdale-Forrest City, TN-MS-AR market, holds $36.2B in deposits across 33 insured institutions and 203 branches. First Horizon Bank is the largest deposit holder at 47.0% share. The top three banks hold 65% of deposits, which places the county in the Concentrated band. Deposits have grown 11.0% since 2021 while the branch count fell by 7.7%. It produced $68.0B of real gross domestic product in 2024, ranking #62 of the 1,523 ranked counties by economic output.
Ranks show where the county stands among the 1,523 ranked counties (those within a Combined or Metropolitan Statistical Area that have a branch). They describe relative position, not a rating of market quality or suitability.
Deposit trend
Branches: 220 in 2021 to 203 in 2026. Institutions: 34 to 33. Top-three share: 62% to 65%.
Institutions by deposits
The 33 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, June 30, 2026. Five-year change compares the same institution’s county deposits in 2021 and 2026. 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. “No 2021 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year. Deposit figures are nominal and are not adjusted for inflation.
Part of the Memphis-Clarksdale-Forrest City market
Shelby County is one of 11 counties that make up the Memphis-Clarksdale-Forrest City, TN-MS-AR market, a Combined Statistical Area (ranked #46 of 293 U.S. markets by economic output). It produces 81.2% of the market’s output and holds 76.5% of its deposits.
| Measure | Shelby County | Share of parent market |
|---|---|---|
| 2024 GDP | $68.0B | 81.2% |
| Deposits | $36.2B | 76.5% |
| Population | 910,226 | 65.8% |
View the full Memphis-Clarksdale-Forrest City market profile →
Recruiting in Shelby 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 Shelby County.
See how we help banks recruit commercial banking talent