Fairmont-Clarksburg, WV holds $4.0 billion in deposits across 17 insured institutions and 46 branches, ranking #214 of 293 U.S. markets by economic output. MVB Bank, Inc is the largest deposit holder at 29.5% share. The top three institutions hold 55.0% of deposits, which places the market in the moderate band. Deposits have grown 16% since 2020 while the branch count fell by 5.
Deposit trend
Branches: 51 in 2020 to 46 in 2025. Institutions: 18 to 17. Top-three share: 56.4% to 55.0%. Deposits per branch: $86M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| MVB Bank, Inc | 1.2B | 29.5% | +28% |
| WesBanco Bank, Inc. | 0.5B | 12.8% | +27% |
| Truist Bank | 0.5B | 12.7% | -17% |
| The Huntington National Bank | 0.5B | 12.5% | +23% |
| First Exchange Bank | 0.3B | 6.3% | +31% |
| JPMorgan Chase Bank | 0.2B | 5.6% | +2% |
| West Union Bank | 0.2B | 4.5% | +47% |
| The Harrison County Bank | 0.1B | 3.5% | +19% |
| Burke & Herbert Bank & Trust Company | 0.1B | 3.4% | new since 2020 |
| BCBank, Inc. | 0.1B | 1.9% | +86% |
The 10 largest of 17 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 |
|---|---|---|---|---|
| Harrison County | West Virginia | $4,784M | 64,221 | 57.6% |
| Marion County | West Virginia | $2,320M | 55,584 | 27.9% |
| Taylor County | West Virginia | $601M | 16,287 | 7.2% |
| Doddridge County | West Virginia | $598M | 7,634 | 7.2% |
Recruiting in Fairmont
Deposits are neither closely held nor widely dispersed, which usually leaves room for a well-led team to take share without competing head-on with a dominant holder. 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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