Wayne County, Ohio, a core county of the Cleveland-Akron-Canton, OH market, holds $3.0B in deposits across 12 insured institutions and 41 branches. The Farmers National Bank of Canfield is the largest deposit holder at 18.7% share. The top three institutions hold 51.3% of deposits, which places the county in the moderately concentrated band. Deposits have grown 23.7% since 2020 while the branch count fell by 5. It produces $7.1B of output, ranking #469 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 46 in 2020 to 41 in 2025. Institutions: 13 to 12. Top-three share: 58.5% to 51.3%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| The Farmers National Bank of Canfield | $557M | 18.7% | +26% |
| PNC Bank, National Association | $551M | 18.5% | -11% |
| Main Street Bank Corp. | $420M | 14.1% | +39% |
| The Huntington National Bank | $392M | 13.2% | +12% |
| The Commercial and Savings Bank of Millersburg, Ohio | $302M | 10.1% | +65% |
| The Apple Creek Banking Company | $178M | 6.0% | +74% |
| JPMorgan Chase Bank, National Association | $165M | 5.5% | +6% |
| Westfield Bank, FSB | $138M | 4.6% | +38% |
| Farmers State Bank | $96M | 3.2% | +17% |
| U.S. Bank National Association | $92M | 3.1% | +150% |
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 Cleveland-Akron-Canton market
Wayne County is one of 17 counties that make up the Cleveland-Akron-Canton, OH market, a Combined Statistical Area (ranked #20 of 293 U.S. markets by economic output). It produces 3.1% of the market’s output and holds 1.8% of its deposits.
| Measure | Wayne County | Share of Cleveland-Akron-Canton market |
|---|---|---|
| 2024 GDP | $7.1B | 3.1% |
| Deposits | $3.0B | 1.8% |
| Population | 116,758 | 3.1% |
View the full Cleveland-Akron-Canton market profile →
Recruiting in Wayne 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 Wayne County, on a retained basis.
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