Wayne County, West Virginia, a core county of the Charleston-Huntington-Ashland, WV-OH-KY market, holds $339M in deposits across 5 insured institutions and 5 branches. United Bank is the largest deposit holder at 40.1% share. The top three banks hold 88% of deposits, which places the county in the Concentrated band. Deposits have fallen 2.6% since 2021 while the branch count fell by 16.7%. It produced $1.1B of real gross domestic product in 2024, ranking #1,178 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: 6 in 2021 to 5 in 2026. Institutions: 6 to 5. Top-three share: 66% to 88%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| United Bank | $136M | 40.1% | +15% |
| City National Bank of West Virginia | $82M | 24.2% | +38% |
| Community Trust Bank, Inc. | $80M | 23.5% | +49% |
| Huntington Federal Savings Bank | $34M | 9.9% | -19% |
| Guaranty Bank Inc. | $8M | 2.3% | no 2021 presence |
The 5 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 Charleston-Huntington-Ashland market
Wayne County is one of 12 counties that make up the Charleston-Huntington-Ashland, WV-OH-KY market, a Combined Statistical Area (ranked #94 of 293 U.S. markets by economic output). It produces 3.4% of the market’s output and holds 2.1% of its deposits.
| Measure | Wayne County | Share of parent market |
|---|---|---|
| 2024 GDP | $1.1B | 3.4% |
| Deposits | $339M | 2.1% |
| Population | 37,309 | 5.9% |
View the full Charleston-Huntington-Ashland market profile →
Recruiting in Wayne 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 Wayne County.
See how we help banks recruit commercial banking talent