Cleveland-Akron-Canton, OH 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% since 2020 while the branch count fell by 146.
Deposit trend
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.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| KeyBank | 61.7B | 36.5% | +120% |
| The Huntington National Bank | 27.0B | 16.0% | +24% |
| PNC Bank | 14.8B | 8.8% | -9% |
| JPMorgan Chase Bank | 11.0B | 6.5% | +14% |
| Citizens Bank | 9.2B | 5.5% | -25% |
| Third Federal Savings and Loan Association of Cleveland | 7.6B | 4.5% | +16% |
| Fifth Third Bank | 7.2B | 4.3% | +1% |
| U.S. Bank | 3.8B | 2.2% | -0% |
| Flagstar Bank | 2.6B | 1.5% | new since 2020 |
| Dollar Bank, Federal Savings Bank | 2.4B | 1.4% | +5% |
The 10 largest of 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; an acquirer absorbs the balances of banks it bought.
Counties in this market
| County | State | GDP | Population | Share of GDP |
|---|---|---|---|---|
| Cuyahoga County | Ohio | $106,977M | 1,232,925 | 46.9% |
| Summit County | Ohio | $31,733M | 538,376 | 13.9% |
| Stark County | Ohio | $17,757M | 373,771 | 7.8% |
| Lake County | Ohio | $12,153M | 232,217 | 5.3% |
| Lorain County | Ohio | $11,592M | 323,219 | 5.1% |
| Medina County | Ohio | $7,910M | 185,025 | 3.5% |
| Wayne County | Ohio | $7,056M | 116,758 | 3.1% |
| Portage County | Ohio | $6,663M | 163,404 | 2.9% |
| Geauga County | Ohio | $4,596M | 95,676 | 2.0% |
| Erie County | Ohio | $4,102M | 73,296 | 1.8% |
| Tuscarawas County | Ohio | $4,034M | 92,373 | 1.8% |
| Ashtabula County | Ohio | $3,379M | 96,713 | 1.5% |
| Sandusky County | Ohio | $2,990M | 58,655 | 1.3% |
| Huron County | Ohio | $2,228M | 58,250 | 1.0% |
| Ottawa County | Ohio | $1,999M | 39,481 | 0.9% |
| Carroll County | Ohio | $1,561M | 26,475 | 0.7% |
| Coshocton County | Ohio | $1,333M | 37,188 | 0.6% |
Recruiting in Cleveland
Deposits are held closely by the largest institutions, which often means the bankers worth recruiting are inside a small number of houses. 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, on a retained basis.
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