Market Intelligence

Cleveland-Akron-Canton, OH

Banking market profile · FDIC Summary of Deposits, June 30, 2025
Market Intelligence › Cleveland-Akron-Canton, OH

Cleveland-Akron-Canton, OH, a Combined Statistical Area, holds $169.1 billion in deposits across 61 insured institutions and 949 branches, ranking #20 of 293 U.S. markets by economic output. KeyBank is the largest deposit holder at 36.5% share. The top three institutions hold 61.3% of deposits, which places the market in the concentrated band. Deposits have grown 32.0% since 2020 while the branch count fell by 13.3%.

Economic scale
2024 Real GDP
$228.1B
#20 of 293
Population
3.74M
#18 of 293
GDP per Capita
$60,917
#87 of 293
Deposit market
Total Deposits
$169.1B
#21 of 293
Deposits per Capita
$45,168
#29 of 293
Deposits per Branch
$178M
#38 of 293
Competitive structure
Insured Institutions
61
#23 of 293
Branches per 100k Pop.
25.3
#132 of 293
Median Deposits per Institution
$356M
The median deposits booked by a single institution in the market. #52 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
18.2%
of market deposits held by banks with $100M to $50B in assets. #271 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: concentrated
61.3%
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 +32.0% over 5 years
$128.1B
2020
$139.7B
2021
$165.1B
2022
$167.7B
2023
$168.4B
2024
$169.1B
2025

Branches: 1,095 in 2020 to 949 in 2025. Institutions: 63 to 61. Top-three share: 51.6% to 61.3%. Deposits per branch: $178M.

Institutions by deposits

InstitutionDepositsShare Branches5‑yr
KeyBank$61.7B36.5%93+120%
The Huntington National Bank$27.0B16.0%136+20%
PNC Bank$14.8B8.8%79-9%
JPMorgan Chase Bank$11.0B6.5%77+14%
Citizens Bank$9.2B5.5%62-25%
Third Federal Savings and Loan Association of Cleveland$7.6B4.5%21+16%
Fifth Third Bank$7.2B4.3%62+1%
U.S. Bank$3.8B2.2%480%
Flagstar Bank$2.6B1.5%25+3%
Dollar Bank, Federal Savings Bank$2.4B1.4%28+5%
First Federal Savings and Loan Association of Lakewood$2.1B1.2%19+30%
Westfield Bank, FSB$1.8B1.0%7+17%
Civista Bank$1.7B1.0%14+77%
First National Bank of Pennsylvania$1.1B0.6%19-4%
The Middlefield Banking Company$1.1B0.6%10+12%
The Farmers National Bank of Canfield$1.1B0.6%20+32%
First Commonwealth Bank$986M0.6%10+18%
Bank of America$841M0.5%17+24,370%
The Croghan Colonial Bank$831M0.5%14+18%
WesBanco Bank, Inc.$774M0.5%14no 2020 presence
Northwest Bank$701M0.4%11-29%
Consumers National Bank$646M0.4%13+55%
First Federal Community Bank$612M0.4%6+64%
The Commercial and Savings Bank of Millersburg, Ohio$540M0.3%9+47%
Main Street Bank Corp.$527M0.3%10+45%
The Andover Bank$474M0.3%7+30%
Portage Community Bank$462M0.3%4+34%
CNB Bank$461M0.3%5+106%
First Federal Savings and Loan Association of Lorain$457M0.3%6+26%
Peoples Bank$370M0.2%6-2%
The Genoa Banking Company$356M0.2%4+83%
CFBank$299M0.2%3-9%
The First National Bank of Bellevue$279M0.2%9+16%
The Home Loan Savings Bank$262M0.2%3+35%
The First National Bank of Dennison$254M0.2%5+9%
The Apple Creek Banking Company$236M0.1%6+60%
The Farmers Savings Bank$230M0.1%2+6%
Hometown Bank$216M0.1%4+11%
SSB Community Bank$213M0.1%3+131%
Buckeye Community Bank$208M0.1%2+18%
S&T Bank$200M0.1%2+22%
Independence Bank$154M0.1%1-4%
The Killbuck Savings Bank Company$151M0.1%3+119%
The Park National Bank$134M0.1%1+16%
Sutton Bank$125M0.1%2+23%
Unified Bank$119M0.1%50%
Union Savings Bank$110M0.1%2no 2020 presence
The Old Fort Banking Company$109M0.1%2+12%
Farmers State Bank$96M0.1%4+17%
The Bank of Magnolia Company$92M0.1%3+16%
The Northern Trust Company$72M0.0%1+77%
Conneaut Savings Bank$64M0.0%1+5%
Woodforest National Bank$58M0.0%18+13%
The Union Bank Company$54M0.0%1+83%
The State Bank and Trust Company$51M0.0%3no 2020 presence
The Baltic State Bank$39M0.0%2-50%
The Pioneer Savings Bank$38M0.0%1+57%
Monet Bank$8M0.0%1+752,900%
First Federal Bank of Ohio$5M0.0%1-3%
Credit First$0M0.0%10%
BNY Mellon$0M0.0%1no 2020 presence

The 61 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

CountyStateGDP PopulationShare of Market GDP Share of Market Deposits
Cuyahoga CountyOhio$107.0B1,232,92546.9%62.0%
Summit CountyOhio$31.7B538,37613.9%9.5%
Stark CountyOhio$17.8B373,7717.8%5.8%
Lake CountyOhio$12.2B232,2175.3%4.0%
Lorain CountyOhio$11.6B323,2195.1%3.6%
Medina CountyOhio$7.9B185,0253.5%3.4%
Wayne CountyOhio$7.1B116,7583.1%1.8%
Portage CountyOhio$6.7B163,4042.9%1.7%
Geauga CountyOhio$4.6B95,6762.0%2.0%
Erie CountyOhio$4.1B73,2961.8%1.3%
Tuscarawas CountyOhio$4.0B92,3731.8%1.3%
Ashtabula CountyOhio$3.4B96,7131.5%0.9%
Sandusky CountyOhio$3.0B58,6551.3%0.7%
Huron CountyOhio$2.2B58,2501.0%0.7%
Ottawa CountyOhio$2.0B39,4810.9%0.7%
Carroll CountyOhio$1.6B26,4750.7%0.3%
Coshocton CountyOhio$1.3B37,1880.6%0.4%

Recruiting in the Cleveland-Akron-Canton 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 Ohio

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.