Blacksburg-Christiansburg-Radford, VA, a Metropolitan Statistical Area, holds $4.5 billion in deposits across 15 insured institutions and 53 branches, ranking #209 of 293 U.S. markets by economic output. The National Bank of Blacksburg is the largest deposit holder at 24.2% share. The top three institutions hold 62.0% of deposits, which places the market in the concentrated band. Deposits have grown 16.9% since 2020 while the branch count fell by 11.7%.
Ranks show where the market stands among the 293 markets (Combined and Metropolitan Statistical Areas). They describe relative position, not a rating of market quality or suitability.
Deposit trend
Branches: 60 in 2020 to 53 in 2025. Institutions: 13 to 15. Top-three share: 60.1% to 62.0%. Deposits per branch: $85M.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| The National Bank of Blacksburg | $1.1B | 24.2% | +27% |
| Atlantic Union Bank | $1.0B | 22.7% | +21% |
| Wells Fargo Bank | $0.7B | 15.1% | +12% |
| Truist Bank | $0.5B | 11.5% | +2% |
| The First Bank and Trust Company | $0.3B | 7.0% | +61% |
| Carter Bank & Trust | $0.3B | 6.8% | +15% |
| Skyline National Bank | $0.2B | 5.0% | +46% |
| Locus Bank, Inc. | $0.2B | 3.3% | +13% |
| First Community Bank | $0.1B | 2.9% | +4% |
| First-Citizens Bank & Trust Company | $0.0B | 0.7% | +6% |
| Burke & Herbert Bank & Trust Company | $24M | 0.5% | no 2020 presence |
| The First National Bank of Peterstown | $9M | 0.2% | +33% |
| Woodforest National Bank | $5M | 0.1% | +23% |
| CNB Bank | $0M | 0.0% | no 2020 presence |
| The Bank of Marion | $0M | 0.0% | no 2020 presence |
The 15 insured institutions with a branch presence, as of June 30, 2025. Five-year change compares the same institution’s 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 market that year. Deposit figures are nominal and are not adjusted for inflation.
Counties in this market
| County | State | GDP | Population | Share of Market GDP | |
|---|---|---|---|---|---|
| Montgomery County | Virginia | $5.2B | 98,434 | 59.2% | 66.7% |
| Pulaski County | Virginia | $1.6B | 33,586 | 17.8% | 12.2% |
| Radford city | Virginia | $917M | 17,243 | 10.4% | 8.1% |
| Giles County | Virginia | $707M | 16,564 | 8.0% | 6.2% |
| Floyd County | Virginia | $418M | 15,789 | 4.7% | 6.9% |
Recruiting in the Blacksburg-Christiansburg-Radford market
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 this one.
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