Market Intelligence › Charleston-North Charleston, SC

Charleston-North Charleston, SC, a Metropolitan Statistical Area, holds $25.6 billion in deposits across 37 insured institutions and 206 branches, and ranks #68 of 293 U.S. markets by economic output. Wells Fargo Bank is the largest deposit holder at 20.0% share. The top three banks hold 46% of deposits, which places the market in the Moderate band. Deposits have grown 25.9% since 2021 while the branch count rose by 10.8%.

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

Deposits (SOD, 6/30/26)

$25.6B

#70 of 293

Deposits per Capita

$28,825

#129 of 293

Deposits per Branch

$124M

#98 of 293

Competitive structure

Insured Institutions

#65 of 293

Branches per 100k Pop.

23.2

#164 of 293

Median Deposits per Institution

$220M

The median deposits booked by a single institution in the market. #136 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

35.6%

of market deposits held by banks with $100M to $100B in assets. #238 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 Banks’ Deposit Share: Moderate

46%

The combined deposit share of the top three banks by deposits 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

Market Deposits (SOD, 2021 to 2026) +25.9% over 5 years

$20.4B

2021

$22.7B

2022

$21.0B

2023

$21.7B

2024

$23.1B

2025

$25.6B

2026

Branches: 186 in 2021 to 206 in 2026. Institutions: 34 to 37. Top-three share: 51% to 46%. Average deposits per branch: $124M.

Institutions by deposits

Institution	Deposits	Share	Branches	5‑yr deposits
Wells Fargo Bank	$5.1B	20.0%	20	+18%
Bank of America	$3.6B	14.0%	12	+7%
SouthState Bank	$3.2B	12.3%	19	+18%
Pinnacle Bank	$2.4B	9.2%	18	+27%
First-Citizens Bank & Trust Company	$1.7B	6.6%	16	+28%
Truist Bank	$1.6B	6.4%	13	-14%
First Capital Bank	$1.0B	3.9%	3	+334%
Southern First Bank	$842M	3.3%	3	+60%
Beacon Community Bank	$793M	3.1%	6	+198%
JPMorgan Chase Bank	$548M	2.1%	13	+878%
Fifth Third Bank	$522M	2.0%	7	no 2021 presence
The Bank of South Carolina	$497M	1.9%	6	-3%
TD Bank	$472M	1.8%	7	-12%
United Bank	$471M	1.8%	8	-26%
ServisFirst Bank	$331M	1.3%	2	+11%
United Community Bank	$313M	1.2%	4	+27%
Regions Bank	$309M	1.2%	3	+42%
South Atlantic Bank	$264M	1.0%	3	+291%
Farmers and Merchants Bank of South Carolina	$220M	0.9%	3	+22%
First National Bank of South Carolina	$198M	0.8%	6	+22%
Ameris Bank	$194M	0.8%	4	+28%
First Reliance Bank	$185M	0.7%	2	+75%
PNC Bank	$142M	0.6%	2	-15%
First Horizon Bank	$128M	0.5%	1	-10%
The Huntington National Bank	$110M	0.4%	1	no 2021 presence
First National Bank of Pennsylvania	$88M	0.3%	5	+54%
Bank of the Lowcountry	$71M	0.3%	3	+84%
Enterprise Bank of South Carolina	$61M	0.2%	2	+8%
Encore Bank	$57M	0.2%	1	no 2021 presence
First Palmetto Bank	$53M	0.2%	2	+19%
First Bank	$50M	0.2%	1	+33%
Commerce Bank	$47M	0.2%	1	-24%
The Citizens Bank	$33M	0.1%	1	+25%
TowneBank	$27M	0.1%	1	no 2021 presence
Anderson Brothers Bank	$13M	<0.1%	1	+11%
Woodforest National Bank	$12M	<0.1%	5	+13%
Wilmington Trust	$0M	0.0%	1	no 2021 presence

The 37 insured institutions with a branch presence in this market, per the FDIC Summary of Deposits, June 30, 2026. Five-year change compares the same institution’s deposits in 2021 and 2026. 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 2021 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%	79.5%
Berkeley County	South Carolina	$11.6B	274,666	20.5%	9.5%
Dorchester County	South Carolina	$5.2B	178,397	9.3%	11.0%

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.

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Deposit trend

Institutions by deposits

Counties in this market

Recruiting in the Charleston-North Charleston market

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