Market Intelligence

Surry County, VA

Banking market profile · FDIC Summary of Deposits, June 30, 2025

Surry County, Virginia, a county in the Virginia Beach-Chesapeake, VA-NC market, holds $36M in deposits across 1 insured institution and 1 branch. Primis Bank is the largest deposit holder at 100.0% share. The top three institutions hold 100.0% of deposits, which places the county in the concentrated band. Deposits have grown 26.2% since 2020. It produces $1.2B of output, ranking #1,155 of the 1,523 counties within a CSA or MSA by economic output.

2024 Real GDP
$1.2B
#1,155 of 1,523
Total Deposits
$36M
#1,517 of 1,523
Population
6,603
#1,486 of 1,523
GDP per Capita
$174,460
#20 of 1,523
Insured Institutions
1
#1,523 of 1,523
Deposits per Branch
$36M
#1,491 of 1,523
Deposits per Capita
$5,439
#1,506 of 1,523
Branches per 100k Pop.
15.1
#1,278 of 1,523
Median Institution Size
$36M
Median deposits of the institutions operating in the county. #1,487 of 1,523. A smaller figure signals a market served mainly by community-scale banks.
Community & Regional Bank Share
100.0%
of market deposits held by banks with $100M to $50B in assets. #182 of 1,523. A higher share points to a market where small to mid-size institutions, the kind that compete on relationships and local decision-making, hold more ground.
Top-3 Deposit Share: concentrated
100.0%
The combined deposit share of the three largest institutions in the county. A lower share means deposits are spread across more institutions.

Deposit trend

Total county deposits, 2020 to 2025+26.2% over 5 years
$28M
2020
$33M
2021
$38M
2022
$36M
2023
$36M
2024
$36M
2025

Branches: 1 in 2020 to 1 in 2025. Institutions: 1 to 1. Top-three share: 100.0% to 100.0%.

Leading institutions by deposits

InstitutionDepositsShareBranches5‑yr
Primis Bank$36M100.0%1+26%

The 1 insured institution 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 competitive growth; “no 2020 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year.

Part of the Virginia Beach-Chesapeake market

Surry County is one of 20 counties that make up the Virginia Beach-Chesapeake, VA-NC market, a Combined Statistical Area (ranked #39 of 293 U.S. markets by economic output). It produces 1.0% of the market’s output and holds 0.1% of its deposits.

MeasureSurry CountyShare of Virginia Beach-Chesapeake market
2024 GDP$1.2B1.0%
Deposits$36M0.1%
Population6,6030.4%

View the full Virginia Beach-Chesapeake market profile →

Recruiting in Surry 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 Surry County, on a retained basis.

Start a confidential conversation