Whitley County, Kentucky, a core county of the Middlesborough-Corbin, KY market, holds $611M in deposits across 7 insured institutions and 13 branches. Community Trust Bank, Inc. is the largest deposit holder at 27.9% share. The top three institutions hold 67.4% of deposits, which places the county in the concentrated band. Deposits have grown 20.0% since 2020 while the branch count fell by 2. It produces $1.2B of output, ranking #1,130 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 15 in 2020 to 13 in 2025. Institutions: 8 to 7. Top-three share: 58.8% to 67.4%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Community Trust Bank, Inc. | $170M | 27.9% | +42% |
| Hometown Bank of Corbin, Inc. | $152M | 25.0% | +51% |
| Forcht Bank, National Association | $89M | 14.6% | +42% |
| Cumberland Valley National Bank & Trust Company | $80M | 13.1% | +38% |
| Whitaker Bank | $79M | 13.0% | +1% |
| First State Bank of the Southeast, Inc | $38M | 6.3% | -7% |
| Commercial Bank | $1M | 0.2% | +77% |
The 7 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 Middlesborough-Corbin market
Whitley County is one of 5 counties that make up the Middlesborough-Corbin, KY market, a Combined Statistical Area (ranked #264 of 293 U.S. markets by economic output). It produces 22.9% of the market’s output and holds 19.8% of its deposits.
| Measure | Whitley County | Share of Middlesborough-Corbin market |
|---|---|---|
| 2024 GDP | $1.2B | 22.9% |
| Deposits | $611M | 19.8% |
| Population | 37,297 | 21.6% |
See the Middlesborough-Corbin market in Market Intelligence →
Recruiting in Whitley 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 Whitley County, on a retained basis.
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