Market Intelligence

Cleveland-Akron-Canton, OH

Banking market profile · FDIC Summary of Deposits (SOD), June 30, 2026
Market Intelligence › Cleveland-Akron-Canton, OH

Cleveland-Akron-Canton, OH, a Combined Statistical Area, holds $178.7 billion in deposits across 59 insured institutions and 946 branches, and ranks #20 of 293 U.S. markets by economic output. KeyBank is the largest deposit holder at 37.6% share. The top three banks hold 62% of deposits, which places the market in the Concentrated band. Deposits have grown 28.0% since 2021 while the branch count fell by 9.6%.

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
Deposits (SOD, 6/30/26)
$178.7B
#20 of 293
Deposits per Capita
$47,743
#26 of 293
Deposits per Branch
$189M
#37 of 293
Competitive structure
Insured Institutions
59
#27 of 293
Branches per 100k Pop.
25.3
#135 of 293
Median Deposits per Institution
$369M
The median deposits booked by a single institution in the market. #58 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
19.1%
of market deposits held by banks with $100M to $100B in assets. #281 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
62%
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) +28.0% over 5 years
$139.6B
2021
$165.1B
2022
$167.7B
2023
$168.4B
2024
$169.1B
2025
$178.7B
2026

Branches: 1,046 in 2021 to 946 in 2026. Institutions: 62 to 59. Top-three share: 53% to 62%. Average deposits per branch: $189M.

Institutions by deposits

InstitutionDepositsShare Branches5‑yr
deposits
KeyBank$67.2B37.6%93+109%
The Huntington National Bank$28.0B15.7%135+12%
PNC Bank$15.7B8.8%79-4%
JPMorgan Chase Bank$11.5B6.4%77+3%
Citizens Bank$9.3B5.2%58-23%
Fifth Third Bank$7.7B4.3%62+5%
Third Federal Savings and Loan Association of Cleveland$7.5B4.2%21+14%
U.S. Bank$3.9B2.2%48-2%
Flagstar Bank$2.7B1.5%25+5%
Dollar Bank, Federal Savings Bank$2.5B1.4%28+2%
First Federal Savings and Loan Association of Lakewood$2.2B1.2%19+30%
The Farmers National Bank of Canfield$2.0B1.1%30+1%
Civista Bank$1.9B1.1%16+38%
First Financial Bank$1.5B0.8%9-13%
First National Bank of Pennsylvania$1.4B0.8%19+17%
First Commonwealth Bank$1.0B0.6%10+17%
Bank of America$984M0.6%17-13%
The Croghan Colonial Bank$924M0.5%14+17%
Northwest Bank$766M0.4%11-24%
WesBanco Bank, Inc.$743M0.4%11-3%
First Federal Community Bank$722M0.4%6+73%
Consumers National Bank$711M0.4%14+47%
The Commercial and Savings Bank of Millersburg, Ohio$576M0.3%9+34%
Main Street Bank Corp.$571M0.3%10+31%
First Federal Savings and Loan Association of Lorain$500M0.3%6+29%
Portage Community Bank$490M0.3%4+19%
The Andover Bank$479M0.3%7+8%
CNB Bank$452M0.3%5+53%
Peoples Bank$393M0.2%6-13%
The Genoa Banking Company$369M0.2%4+66%
CFBank$339M0.2%2-42%
The Home Loan Savings Bank$291M0.2%3+45%
The First National Bank of Bellevue$277M0.2%9+1%
S&T Bank$272M0.2%2+68%
The First National Bank of Dennison$248M0.1%5-5%
The Apple Creek Banking Company$243M0.1%6+41%
SSB Community Bank$227M0.1%3+99%
Hometown Bank$217M0.1%4+1%
Buckeye Community Bank$207M0.1%2+10%
The Killbuck Savings Bank Company$168M0.1%4+91%
Independence Bank$162M0.1%1-5%
The Park National Bank$150M0.1%1+20%
Union Savings Bank$120M0.1%2no 2021 presence
The Baltic State Bank$120M0.1%4+43%
Unified Bank$119M0.1%5+3%
Sutton Bank$116M0.1%2-5%
The Old Fort Banking Company$110M0.1%2-5%
Farmers State Bank$98M0.1%4+3%
The Bank of Magnolia Company$93M0.1%3+11%
The Northern Trust Company$78M<0.1%1+72%
Conneaut Savings Bank$65M<0.1%1-8%
Woodforest National Bank$56M<0.1%18-9%
The Union Bank Company$56M<0.1%1+63%
The State Bank and Trust Company$47M<0.1%3-16%
The Pioneer Savings Bank$36M<0.1%1+37%
Monet Bank$10M<0.1%1+958%
First Federal Bank of Ohio$5M<0.1%1-18%
Credit First$0M<0.1%10%
BNY Mellon$0M0.0%1no 2021 presence

The 59 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
Cuyahoga CountyOhio$107.0B1,232,92546.9%62.9%
Summit CountyOhio$31.7B538,37613.9%9.4%
Stark CountyOhio$17.8B373,7717.8%5.7%
Lake CountyOhio$12.2B232,2175.3%3.8%
Lorain CountyOhio$11.6B323,2195.1%3.6%
Medina CountyOhio$7.9B185,0253.5%3.2%
Wayne CountyOhio$7.1B116,7583.1%1.7%
Portage CountyOhio$6.7B163,4042.9%1.6%
Geauga CountyOhio$4.6B95,6762.0%1.9%
Erie CountyOhio$4.1B73,2961.8%1.2%
Tuscarawas CountyOhio$4.0B92,3731.8%1.3%
Ashtabula CountyOhio$3.4B96,7131.5%0.9%
Sandusky CountyOhio$3.0B58,6551.3%0.6%
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.