Jackson, TN, a Metropolitan Statistical Area, holds $4.3 billion in deposits across 23 insured institutions and 72 branches, and ranks #205 of 293 U.S. markets by economic output. The Huntington National Bank is the largest deposit holder at 17.9% share. The top three banks hold 47% of deposits, which places the market in the Moderate band.
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
Branches: 69 in 2021 to 72 in 2026. Institutions: 21 to 23. Top-three share: 51% to 47%. Average deposits per branch: $59M.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| The Huntington National Bank | $765M | 17.9% | -12% |
| Regions Bank | $680M | 15.9% | -3% |
| Centennial Bank | $566M | 13.2% | +19% |
| FirstBank | $544M | 12.7% | +2% |
| Simmons Bank | $302M | 7.1% | -16% |
| First Horizon Bank | $290M | 6.8% | -3% |
| Bank of Crockett | $230M | 5.4% | +23% |
| Security Bank and Trust Company | $193M | 4.5% | +69% |
| Commercial Bank & Trust Co. | $161M | 3.8% | -1% |
| Decatur County Bank | $108M | 2.5% | +66% |
| The Bank of Milan | $89M | 2.1% | +9% |
| Carroll Bank and Trust | $88M | 2.0% | +58% |
| Community Bank | $73M | 1.7% | +94% |
| Foundation Bank | $43M | 1.0% | +33% |
| The Park National Bank | $37M | 0.9% | +80% |
| The Peoples Bank | $31M | 0.7% | -9% |
| Security Bank | $28M | 0.7% | -10% |
| Renasant Bank | $25M | 0.6% | -21% |
| The Bank of Fayette County | $13M | 0.3% | no 2021 presence |
| INSOUTH Bank | $11M | 0.3% | no 2021 presence |
| Paragon Bank | $2M | 0.1% | no 2021 presence |
| Bank3 | $2M | 0.1% | -61% |
| FSNB | $2M | <0.1% | +23% |
The 23 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
| County | State | GDP | Population | Share of Market GDP | |
|---|---|---|---|---|---|
| Madison County | Tennessee | $6.7B | 100,790 | 72.7% | 58.4% |
| Gibson County | Tennessee | $1.5B | 51,779 | 16.5% | 26.4% |
| Crockett County | Tennessee | $594M | 14,006 | 6.5% | 8.0% |
| Chester County | Tennessee | $398M | 17,994 | 4.3% | 7.1% |
Recruiting in the Jackson market
Deposits are moderately concentrated here, held by a mix of institutions rather than dominated by one. 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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