Charlottesville, VA, a Metropolitan Statistical Area, holds $6.1 billion in deposits across 15 insured institutions and 52 branches, ranking #151 of 293 U.S. markets by economic output. Bank of America is the largest deposit holder at 24.2% share. The top three institutions hold 59.5% of deposits, which places the market in the moderate band.
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: 65 in 2020 to 52 in 2025. Institutions: 16 to 15. Top-three share: 64.9% to 59.5%. Deposits per branch: $117M.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Bank of America | $1.5B | 24.2% | +12% |
| Truist Bank | $1.2B | 19.5% | -19% |
| Wells Fargo Bank | $1.0B | 15.7% | -11% |
| Atlantic Union Bank | $0.7B | 12.2% | +5% |
| Virginia National Bank | $0.7B | 12.2% | +8% |
| United Bank | $0.3B | 5.5% | +29% |
| First-Citizens Bank & Trust Company | $0.1B | 2.4% | +35% |
| JPMorgan Chase Bank | $0.1B | 1.7% | +570% |
| Blue Ridge Bank | $0.1B | 1.7% | +12% |
| Old Dominion National Bank | $0.1B | 1.4% | -3% |
| Carter Bank & Trust | $65M | 1.1% | +183% |
| Citizens and Farmers Bank | $58M | 1.0% | +245% |
| Pioneer Bank | $47M | 0.8% | +47% |
| Bank of the James | $37M | 0.6% | +21% |
| First National Bank | $4M | 0.1% | 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 | |
|---|---|---|---|---|---|
| Albemarle County | Virginia | $10.2B | 118,356 | 63.5% | 45.5% |
| Charlottesville city | Virginia | $3.8B | 44,388 | 23.8% | 42.1% |
| Fluvanna County | Virginia | $960M | 28,975 | 6.0% | 3.2% |
| Nelson County | Virginia | $547M | 14,920 | 3.4% | 2.4% |
| Greene County | Virginia | $522M | 21,958 | 3.2% | 6.8% |
Recruiting in the Charlottesville 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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