Winchester city, Virginia, a core county of the Washington-Baltimore-Arlington, DC-MD-VA-WV-PA market, holds $1.6B in deposits across 10 insured institutions and 15 branches. Truist Bank is the largest deposit holder at 32.1% share. The top three banks hold 67% of deposits, which places the county in the Concentrated band. Deposits have fallen 13.2% since 2020 while the branch count fell by 25.0%. It produces $1.7B of output, ranking #1,004 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: 20 in 2020 to 15 in 2025. Institutions: 9 to 10. Top-three share: 71% to 67%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Truist Bank | $526M | 32.1% | -34% |
| Bank Of Clarke | $346M | 21.1% | +74% |
| First Bank | $225M | 13.7% | +22% |
| Wells Fargo Bank | $153M | 9.3% | -55% |
| Burke & Herbert Bank & Trust Company | $150M | 9.1% | no 2020 presence |
| United Bank | $75M | 4.6% | -39% |
| First-Citizens Bank & Trust Company | $43M | 2.6% | +73% |
| Virginia National Bank | $41M | 2.5% | +31% |
| Farmers & Merchants Bank | $41M | 2.5% | no 2020 presence |
| City National Bank of West Virginia | $40M | 2.4% | -7% |
The 10 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, 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. “No 2020 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 Washington-Baltimore-Arlington market
Winchester city is one of 42 counties that make up the Washington-Baltimore-Arlington, DC-MD-VA-WV-PA market, a Combined Statistical Area (ranked #4 of 293 U.S. markets by economic output). It produces 0.2% of the market’s output and holds 0.4% of its deposits.
| Measure | Winchester city | Share of parent market |
|---|---|---|
| 2024 GDP | $1.7B | 0.2% |
| Deposits | $1.6B | 0.4% |
| Population | 28,272 | 0.3% |
View the full Washington-Baltimore-Arlington market profile →
Recruiting in Winchester city
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 Winchester city.
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