Blacksburg-Christiansburg-Radford, VA 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 17% since 2020 while the branch count fell by 7.
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.
Leading 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% |
The 10 largest of 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; an acquirer absorbs the balances of banks it bought.
Counties in this market
| County | State | GDP | Population | Share of GDP |
|---|---|---|---|---|
| Montgomery County | Virginia | $5,234M | 98,434 | 59.2% |
| Pulaski County | Virginia | $1,573M | 33,586 | 17.8% |
| Radford city | Virginia | $917M | 17,243 | 10.4% |
| Giles County | Virginia | $707M | 16,564 | 8.0% |
| Floyd County | Virginia | $418M | 15,789 | 4.7% |
Recruiting in Blacksburg
Deposits are held closely by the largest institutions, which often means the bankers worth recruiting are inside a small number of houses. 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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