Washington County, Tennessee, a core county of the Johnson City-Kingsport-Bristol, TN-VA market, holds $3.1B in deposits across 18 insured institutions and 35 branches. First Horizon Bank is the largest deposit holder at 29.0% share. The top three institutions hold 57.3% of deposits, which places the county in the moderately concentrated band. Deposits have grown 16.3% since 2020 while the branch count fell by 5. It produces $7.2B of output, ranking #460 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 40 in 2020 to 35 in 2025. Institutions: 17 to 18. Top-three share: 62.6% to 57.3%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| First Horizon Bank | $903M | 29.0% | -6% |
| Truist Bank | $463M | 14.9% | +39% |
| Bank of Tennessee | $418M | 13.4% | +10% |
| The First Bank and Trust Company | $244M | 7.9% | +65% |
| Regions Bank | $235M | 7.6% | +32% |
| HomeTrust Bank | $196M | 6.3% | -7% |
| Mountain Commerce Bank | $172M | 5.5% | +35% |
| Citizens Bank | $147M | 4.7% | +85% |
| Renasant Bank | $79M | 2.5% | +39% |
| Andrew Johnson Bank | $59M | 1.9% | +42% |
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 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 Johnson City-Kingsport-Bristol market
Washington County is one of 9 counties that make up the Johnson City-Kingsport-Bristol, TN-VA market, a Combined Statistical Area (ranked #106 of 293 U.S. markets by economic output). It produces 26.6% of the market’s output and holds 27.7% of its deposits.
| Measure | Washington County | Share of Johnson City-Kingsport-Bristol market |
|---|---|---|
| 2024 GDP | $7.2B | 26.6% |
| Deposits | $3.1B | 27.7% |
| Population | 141,199 | 23.3% |
View the full Johnson City-Kingsport-Bristol market profile →
Recruiting in Washington 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 Washington County, on a retained basis.
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