Hattiesburg-Laurel, MS holds $6.5 billion in deposits across 22 insured institutions and 86 branches, ranking #198 of 293 U.S. markets by economic output. Cadence Bank is the largest deposit holder at 18.9% share. The top three institutions hold 45.7% of deposits, which places the market in the moderate band. Deposits have grown 24% since 2020 while the branch count fell by 4.
Deposit trend
Branches: 90 in 2020 to 86 in 2025. Institutions: 20 to 22. Top-three share: 44.2% to 45.7%. Deposits per branch: $75M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Cadence Bank | 1.2B | 18.9% | +39% |
| Renasant Bank | 0.9B | 14.1% | new since 2020 |
| Trustmark National Bank | 0.8B | 12.7% | +6% |
| Regions Bank | 0.8B | 11.8% | +18% |
| Community Bank of Mississippi | 0.7B | 10.4% | +24% |
| Hancock Whitney Bank | 0.4B | 5.9% | -28% |
| Magnolia State Bank | 0.4B | 5.8% | +20% |
| Grand Bank for Savings | 0.3B | 4.0% | +284% |
| First State Bank | 0.3B | 3.9% | +8% |
| The Citizens National Bank of Meridian | 0.2B | 3.3% | +23% |
The 10 largest of 22 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 |
|---|---|---|---|---|
| Forrest County | Mississippi | $3,772M | 79,034 | 39.2% |
| Jones County | Mississippi | $2,838M | 66,496 | 29.5% |
| Lamar County | Mississippi | $2,174M | 67,403 | 22.6% |
| Jasper County | Mississippi | $507M | 15,785 | 5.3% |
| Perry County | Mississippi | $329M | 11,577 | 3.4% |
Recruiting in Hattiesburg
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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