Augusta-Richmond County, GA-SC holds $12.5 billion in deposits across 24 insured institutions and 109 branches, ranking #98 of 293 U.S. markets by economic output. Wells Fargo Bank is the largest deposit holder at 23.3% share. The top three institutions hold 44.8% of deposits, which places the market in the fragmented band. Deposits have grown 25% since 2020 while the branch count fell by 9.
Deposit trend
Branches: 118 in 2020 to 109 in 2025. Institutions: 20 to 24. Top-three share: 47.6% to 44.8%. Deposits per branch: $114M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Wells Fargo Bank | 2.9B | 23.3% | +39% |
| SouthState Bank | 1.4B | 11.3% | -5% |
| Bank of America | 1.3B | 10.2% | +10% |
| Queensborough National Bank & Trust Company | 1.2B | 9.4% | +54% |
| Security Federal Bank | 1.2B | 9.3% | +50% |
| Regions Bank | 0.9B | 7.1% | +32% |
| First-Citizens Bank & Trust Company | 0.8B | 6.6% | +27% |
| Truist Bank | 0.6B | 5.1% | -15% |
| Cadence Bank | 0.5B | 3.6% | new since 2020 |
| Synovus Bank | 0.3B | 2.7% | +19% |
The 10 largest of 24 insured institutions with a branch presence, as of June 30, 2025. Five-year change compares the same institution's deposits in 2020 and 2025; an acquirer absorbs the balances of banks it bought.
Counties in this market
| County | State | GDP | Population | Share of GDP |
|---|---|---|---|---|
| Richmond County | Georgia | $13,207M | 206,559 | 43.8% |
| Aiken County | South Carolina | $7,649M | 181,515 | 25.4% |
| Columbia County | Georgia | $4,767M | 169,189 | 15.8% |
| Burke County | Georgia | $3,022M | 24,408 | 10.0% |
| Edgefield County | South Carolina | $679M | 29,808 | 2.3% |
| McDuffie County | Georgia | $675M | 21,640 | 2.2% |
| Lincoln County | Georgia | $138M | 8,112 | 0.5% |
Recruiting in Augusta
No single institution dominates deposits here, which usually means more competitors of a size where a strong team can move meaningful share. 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 this one, on a retained basis.
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