Market Intelligence

Charlotte-Concord, NC-SC

Banking market profile · FDIC Summary of Deposits (SOD), June 30, 2026
Market Intelligence › Charlotte-Concord, NC-SC

Charlotte-Concord, NC-SC, a Combined Statistical Area, holds $442.9 billion in deposits across 51 insured institutions and 612 branches, and ranks #19 of 293 U.S. markets by economic output. Bank of America is the largest deposit holder at 66.0% share. The top three banks hold 91% of deposits, which places the market in the Concentrated band. Deposits have grown 36.2% since 2021 while the branch count fell by 2.4%.

Economic scale
2024 Real GDP
$241.7B
#19 of 293
Population
3.53M
#19 of 293
GDP per Capita
$68,406
#46 of 293
Deposit market
Deposits (SOD, 6/30/26)
$442.9B
#10 of 293
Deposits per Capita
$125,347
#4 of 293
Deposits per Branch
$724M
#3 of 293
Competitive structure
Insured Institutions
51
#34 of 293
Branches per 100k Pop.
17.3
#238 of 293
Median Deposits per Institution
$274M
The median deposits booked by a single institution in the market. #100 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
4.2%
of market deposits held by banks with $100M to $100B in assets. #292 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: Concentrated
91%
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) +36.2% over 5 years
$325.1B
2021
$346.9B
2022
$392.3B
2023
$467.2B
2024
$487.2B
2025
$442.9B
2026

Branches: 627 in 2021 to 612 in 2026. Institutions: 52 to 51. Top-three share: 90% to 91%. Average deposits per branch: $724M.

Institutions by deposits

InstitutionDepositsShare Branches5‑yr
deposits
Bank of America$292.4B66.0%50+50%
Truist Bank$83.1B18.8%78+55%
Wells Fargo Bank$27.0B6.1%76-40%
First-Citizens Bank & Trust Company$6.1B1.4%45+11%
Fifth Third Bank$5.9B1.3%51-1%
PNC Bank$3.6B0.8%16+82%
SouthState Bank$2.5B0.6%19+12%
Pinnacle Bank$2.5B0.6%13+44%
First Horizon Bank$1.9B0.4%20+11%
First National Bank of Pennsylvania$1.8B0.4%17+64%
Peoples Bank$1.6B0.4%16+14%
Bank OZK$1.5B0.3%16+60%
JPMorgan Chase Bank$1.4B0.3%30+981%
TowneBank$1.3B0.3%5+19%
Uwharrie Bank$1.1B0.2%10+45%
Regions Bank$1.0B0.2%4+67%
First Bank$907M0.2%13+13%
Farmers & Merchants Bank$809M0.2%11+6%
United Bank$732M0.2%8+27%
BlueHarbor Bank$527M0.1%2+51%
The Fidelity Bank$489M0.1%8+64%
TD Bank$447M0.1%9+81%
United Community Bank$398M0.1%6-35%
First Federal Savings Bank of Lincolnton$390M0.1%4+6%
U.S. Bank$380M0.1%7+854%
Bank of York$274M0.1%4+11%
HomeTrust Bank$238M0.1%4-4%
Taylorsville Savings Bank, SSB$215M<0.1%3+88%
Commercial Bank$212M<0.1%4+6%
The Park National Bank$210M<0.1%1-2%
ServisFirst Bank$195M<0.1%2no 2021 presence
American Bank of the Carolinas$184M<0.1%3+175%
The Huntington National Bank$181M<0.1%2no 2021 presence
Woodforest National Bank$137M<0.1%30-3%
Spratt Savings Bank$123M<0.1%3+6%
Carter Bank & Trust$112M<0.1%3+230%
Belmont Savings Bank, SSB$111M<0.1%1+27%
Southern First Bank$95M<0.1%1no 2021 presence
Ameris Bank$93M<0.1%1+1,292%
First Community Bank$90M<0.1%1+20%
Movement Bank$78M<0.1%1+53%
Morganton Savings Bank, S.S.B.$78M<0.1%1+2%
Oakworth Capital Bank$76M<0.1%1no 2021 presence
First Palmetto Bank$73M<0.1%2+20%
Skyline National Bank$72M<0.1%4+214%
First Community Bank$51M<0.1%1no 2021 presence
Encore Bank$35M<0.1%1no 2021 presence
Mechanics & Farmers Bank$30M<0.1%1-42%
Arthur State Bank$16M<0.1%1+23%
Cedar Hill National Bank$2M<0.1%10%
Flagstar Bank$0M0.0%1no 2021 presence

The 51 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

CountyStateGDP PopulationShare of Market GDP Share of Market Deposits
Mecklenburg CountyNorth Carolina$146.2B1,233,38360.5%92.0%
York CountySouth Carolina$15.1B306,8876.2%1.0%
Iredell CountyNorth Carolina$10.8B211,7984.5%1.1%
Union CountyNorth Carolina$10.0B267,6744.1%0.8%
Cabarrus CountyNorth Carolina$9.9B249,7254.1%0.9%
Catawba CountyNorth Carolina$9.5B170,1723.9%1.0%
Gaston CountyNorth Carolina$8.8B246,5583.6%0.8%
Rowan CountyNorth Carolina$6.1B155,0962.5%0.4%
Cleveland CountyNorth Carolina$4.7B103,3252.0%0.3%
Lancaster CountySouth Carolina$4.2B114,2961.7%0.2%
Lincoln CountyNorth Carolina$3.6B98,6541.5%0.4%
Burke CountyNorth Carolina$2.9B88,6551.2%0.2%
Caldwell CountyNorth Carolina$2.5B81,1051.0%0.2%
McDowell CountyNorth Carolina$2.2B45,1980.9%0.1%
Stanly CountyNorth Carolina$2.1B68,8300.9%0.4%
Chester CountySouth Carolina$1.4B33,0010.6%0.1%
Alexander CountyNorth Carolina$897M36,9580.4%0.1%
Anson CountyNorth Carolina$893M21,7580.4%0.0%

Recruiting in the Charlotte-Concord 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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Other markets in North Carolina and South Carolina

All 293 markets and the 1,523 counties with a branch within a CSA or MSA are covered in the Market Intelligence resource. See the methodology for how each figure is built and when to expect updates, or the disclaimer for how this data should, and should not, be read.