Market Intelligence › Charleston-North Charleston, SC

Charleston-North Charleston, SC, a Metropolitan Statistical Area, holds $23.1 billion in deposits across 38 insured institutions and 198 branches, ranking #68 of 293 U.S. markets by economic output. Wells Fargo Bank is the largest deposit holder at 18.4% share. The top three institutions hold 45.7% of deposits, which places the market in the moderate band. Deposits have grown 32.2% since 2020 while the branch count rose by 4.8%.

Economic scale

2024 Real GDP

$56.6B

#68 of 293

Population

889K

#75 of 293

GDP per Capita

$63,658

#63 of 293

Deposit market

Total Deposits

$23.1B

#72 of 293

Deposits per Capita

$25,977

#160 of 293

Deposits per Branch

$117M

#110 of 293

Competitive structure

Insured Institutions

#65 of 293

Branches per 100k Pop.

22.3

#173 of 293

Median Deposits per Institution

$229M

The median deposits booked by a single institution in the market. #124 of 293. A lower figure means institutions typically hold smaller deposit positions here; it reflects local deposit presence, not an institution’s overall size. See Community & Regional Bank Share for institution scale.

Community & Regional Bank Share

22.9%

of market deposits held by banks with $100M to $50B in assets. #261 of 293. A higher share points to a market where small to mid-size institutions, the kind that compete on relationships and local decision-making, hold more ground.

Top-3 Deposit Share: moderate

45.7%

The combined deposit share of the three largest institutions in the market. A lower share means deposits are spread across more institutions.

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

Total market deposits (nominal), 2020 to 2025 +32.2% over 5 years

$17.5B

2020

$20.4B

2021

$22.7B

2022

$21.0B

2023

$21.7B

2024

$23.1B

2025

Branches: 189 in 2020 to 198 in 2025. Institutions: 33 to 38. Top-three share: 51.5% to 45.7%. Deposits per branch: $117M.

Institutions by deposits

Institution	Deposits	Share	Branches	5‑yr
Wells Fargo Bank	$4.3B	18.4%	20	+8%
Bank of America	$3.2B	13.9%	14	+17%
SouthState Bank	$3.1B	13.3%	19	+34%
First-Citizens Bank & Trust Company	$1.6B	7.1%	16	+46%
Truist Bank	$1.5B	6.6%	13	-3%
Pinnacle Bank	$1.2B	5.4%	10	+71%
Synovus Bank	$0.9B	4.0%	8	+25%
First Capital Bank	$0.8B	3.2%	3	+564%
Southern First Bank	$0.7B	3.1%	3	+44%
Beacon Community Bank	$0.7B	2.9%	6	+306%
The Bank of South Carolina	$509M	2.2%	6	+7%
United Bank	$467M	2.0%	8	-46%
Fifth Third Bank	$460M	2.0%	3	no 2020 presence
TD Bank	$458M	2.0%	7	-2%
JPMorgan Chase Bank	$440M	1.9%	9	no 2020 presence
ServisFirst Bank	$375M	1.6%	2	+49%
United Community Bank	$305M	1.3%	4	+53%
Regions Bank	$278M	1.2%	3	+20%
South Atlantic Bank	$235M	1.0%	3	+348%
Farmers and Merchants Bank of South Carolina	$222M	1.0%	3	+38%
First National Bank of South Carolina	$201M	0.9%	6	+44%
First Reliance Bank	$179M	0.8%	2	+128%
Ameris Bank	$172M	0.7%	4	+20%
PNC Bank	$132M	0.6%	2	+11%
First Horizon Bank	$131M	0.6%	1	+34%
First National Bank of Pennsylvania	$96M	0.4%	3	+108%
FineMark National Bank & Trust	$67M	0.3%	1	+33%
Bank of the Lowcountry	$59M	0.3%	3	+148%
Enterprise Bank of South Carolina	$55M	0.2%	2	+13%
The Huntington National Bank	$49M	0.2%	1	no 2020 presence
First Palmetto Bank	$46M	0.2%	2	-8%
Encore Bank	$41M	0.2%	1	no 2020 presence
First Bank	$36M	0.2%	1	no 2020 presence
The Citizens Bank	$33M	0.1%	1	+36%
Dogwood State Bank	$21M	0.1%	1	no 2020 presence
Anderson Brothers Bank	$12M	0.1%	1	+54%
Woodforest National Bank	$12M	0.1%	5	+50%
Wilmington Trust	$0M	0.0%	1	no 2020 presence

The 38 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	Share of Market Deposits
Charleston County	South Carolina	$39.8B	436,200	70.3%	78.6%
Berkeley County	South Carolina	$11.6B	274,666	20.5%	9.6%
Dorchester County	South Carolina	$5.2B	178,397	9.3%	11.8%

Recruiting in the Charleston-North Charleston market

Deposits are moderately concentrated here, held by a mix of institutions rather than dominated by one. 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.

See how we help banks recruit commercial banking talent

Deposit trend

Institutions by deposits

Counties in this market

Recruiting in the Charleston-North Charleston market

Other markets in South Carolina