Spartanburg County, South Carolina, a core county of the Greenville-Spartanburg-Anderson, SC market, holds $6.1B in deposits across 22 insured institutions and 59 branches. Truist Bank is the largest deposit holder at 22.4% share. The top three institutions hold 53.2% of deposits, which places the county in the moderately concentrated band. Deposits have grown 8.3% since 2020 while the branch count fell by 5. It produces $18.0B of output, ranking #237 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 64 in 2020 to 59 in 2025. Institutions: 17 to 22. Top-three share: 58.8% to 53.2%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Truist Bank | $1.4B | 22.4% | -26% |
| First-Citizens Bank & Trust Company | $1.1B | 17.2% | +30% |
| Bank of America, National Association | $830M | 13.5% | +30% |
| Wells Fargo Bank, National Association | $627M | 10.2% | -4% |
| United Community Bank | $355M | 5.8% | +50% |
| Arthur State Bank | $296M | 4.8% | +33% |
| The Park National Bank | $262M | 4.2% | -20% |
| TD Bank, National Association | $244M | 4.0% | +102% |
| First Horizon Bank | $197M | 3.2% | -6% |
| Synovus Bank | $161M | 2.6% | -15% |
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 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 16.9% of its deposits.
| Measure | Spartanburg County | Share of Greenville-Spartanburg-Anderson market |
|---|---|---|
| 2024 GDP | $18.0B | 21.9% |
| Deposits | $6.1B | 16.9% |
| 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, on a retained basis.
Start a confidential conversation