Spartanburg County, South Carolina, a core county of the Greenville-Spartanburg-Anderson, SC market, holds $6.3B in deposits across 22 insured institutions and 61 branches. Truist Bank is the largest deposit holder at 21.3% share. The top three banks hold 51% of deposits, which places the county in the Moderate band. Deposits have grown 5.2% since 2021. It produced $18.0B of real gross domestic product in 2024, ranking #237 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: 61 in 2021 to 61 in 2026. Institutions: 17 to 22. Top-three share: 55% to 51%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Truist Bank | $1.3B | 21.3% | -20% |
| First-Citizens Bank & Trust Company | $1.1B | 16.7% | +19% |
| Bank of America | $819M | 12.9% | +13% |
| Wells Fargo Bank | $657M | 10.4% | -4% |
| United Community Bank | $348M | 5.5% | +34% |
| TD Bank | $333M | 5.3% | +18% |
| Pinnacle Bank | $302M | 4.8% | -4% |
| Arthur State Bank | $286M | 4.5% | +10% |
| The Park National Bank | $244M | 3.9% | -3% |
| First Horizon Bank | $172M | 2.7% | -25% |
| First Piedmont Federal Savings and Loan Association of Gaffney | $143M | 2.3% | +10% |
| SouthState Bank | $139M | 2.2% | -9% |
| Southern Bank | $122M | 1.9% | no 2021 presence |
| Fifth Third Bank | $76M | 1.2% | no 2021 presence |
| Woodruff Federal Savings and Loan Association | $69M | 1.1% | -2% |
| The Huntington National Bank | $68M | 1.1% | no 2021 presence |
| Regions Bank | $50M | 0.8% | -25% |
| The Fidelity Bank | $31M | 0.5% | no 2021 presence |
| CBL State Savings Bank | $30M | 0.5% | +286% |
| JPMorgan Chase Bank | $19M | 0.3% | no 2021 presence |
| Coastal Carolina National Bank | $12M | 0.2% | no 2021 presence |
| Woodforest National Bank | $6M | 0.1% | -2% |
The 22 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 Greenville-Spartanburg-Anderson market
Spartanburg County is one of 10 counties that make up the Greenville-Spartanburg-Anderson, SC market, a Combined Statistical Area (ranked #47 of 293 U.S. markets by economic output). It produces 21.9% of the market’s output and holds 17.2% of its deposits.
| Measure | Spartanburg County | Share of parent market |
|---|---|---|
| 2024 GDP | $18.0B | 21.9% |
| Deposits | $6.3B | 17.2% |
| Population | 380,857 | 23.0% |
View the full Greenville-Spartanburg-Anderson market profile →
Recruiting in Spartanburg County
Deposits are split among a moderate 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 Spartanburg County.
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