Somerset County, Pennsylvania, a core county of the Johnstown-Somerset, PA market, holds $1.8B in deposits across 7 insured institutions and 23 branches. Somerset Trust Company is the largest deposit holder at 51.6% share. The top three institutions hold 78.4% of deposits, which places the county in the concentrated band. Deposits have grown 19.7% since 2020 while the branch count fell by 5. It produces $2.3B of output, ranking #872 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 28 in 2020 to 23 in 2025. Institutions: 8 to 7. Top-three share: 74.6% to 78.4%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Somerset Trust Company | $911M | 51.6% | +35% |
| First National Bank of Pennsylvania | $311M | 17.6% | +15% |
| First Commonwealth Bank | $163M | 9.2% | +12% |
| Ameriserv Financial Bank | $151M | 8.6% | +55% |
| PNC Bank, National Association | $135M | 7.7% | -12% |
| 1st Summit Bank | $51M | 2.9% | -5% |
| Slovenian Savings and Loan Association of Franklin-Conemaugh | $44M | 2.5% | +69% |
The 7 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 Johnstown-Somerset market
Somerset County is one of 2 counties that make up the Johnstown-Somerset, PA market, a Combined Statistical Area (ranked #240 of 293 U.S. markets by economic output). It produces 32.3% of the market’s output and holds 30.4% of its deposits.
| Measure | Somerset County | Share of Johnstown-Somerset market |
|---|---|---|
| 2024 GDP | $2.3B | 32.3% |
| Deposits | $1.8B | 30.4% |
| Population | 72,004 | 35.8% |
View the full Johnstown-Somerset market profile →
Recruiting in Somerset 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 Somerset County, on a retained basis.
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