Gulfport-Biloxi, MS holds $8.5 billion in deposits across 16 insured institutions and 109 branches, ranking #130 of 293 U.S. markets by economic output. Hancock Whitney Bank is the largest deposit holder at 39.8% share. The top three institutions hold 64.3% of deposits, which places the market in the concentrated band. Deposits have grown 18% since 2020 while the branch count fell by 15.
Deposit trend
Branches: 124 in 2020 to 109 in 2025. Institutions: 16 to 16. Top-three share: 63.5% to 64.3%. Deposits per branch: $78M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Hancock Whitney Bank | 3.4B | 39.8% | +2% |
| Cadence Bank | 1.1B | 13.4% | +142% |
| Renasant Bank | 0.9B | 11.1% | new since 2020 |
| The Peoples Bank, Biloxi, Mississippi | 0.6B | 7.6% | +20% |
| Community Bank of Mississippi | 0.6B | 7.1% | +39% |
| Merchants & Marine Bank | 0.4B | 4.7% | -11% |
| Regions Bank | 0.4B | 4.5% | +19% |
| Wells Fargo Bank | 0.3B | 3.6% | +5% |
| First Federal Savings and Loan Association | 0.3B | 2.9% | +21% |
| Bank of Wiggins | 0.2B | 2.3% | +28% |
The 10 largest of 16 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 | Mississippi | $9,941M | 217,136 | 47.3% |
| Jackson County | Mississippi | $8,806M | 147,666 | 41.9% |
| Hancock County | Mississippi | $1,825M | 46,873 | 8.7% |
| Stone County | Mississippi | $426M | 19,654 | 2.0% |
Recruiting in Gulfport
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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