Jackson, TN holds $4.4 billion in deposits across 24 insured institutions and 72 branches, ranking #205 of 293 U.S. markets by economic output. Cadence Bank is the largest deposit holder at 22.1% share. The top three institutions hold 49.7% of deposits, which places the market in the moderate band. Deposits have grown 20% since 2020 with the branch count unchanged.
Deposit trend
Branches: 72 in 2020 to 72 in 2025. Institutions: 22 to 24. Top-three share: 50.6% to 49.7%. Deposits per branch: $61M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Cadence Bank | 1.0B | 22.1% | +26% |
| Regions Bank | 0.7B | 15.3% | +6% |
| FirstBank | 0.5B | 12.3% | +20% |
| Centennial Bank | 0.4B | 7.9% | +34% |
| First Horizon Bank | 0.3B | 7.0% | +13% |
| Simmons Bank | 0.3B | 6.5% | -15% |
| Bank of Crockett | 0.2B | 5.0% | +26% |
| The Bank of Jackson | 0.2B | 4.0% | -4% |
| Security Bank and Trust Company | 0.2B | 3.8% | +27800% |
| Commercial Bank & Trust Co. | 0.2B | 3.8% | +8% |
The 10 largest of 24 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 |
|---|---|---|---|---|
| Madison County | Tennessee | $6,668M | 100,790 | 72.7% |
| Gibson County | Tennessee | $1,515M | 51,779 | 16.5% |
| Crockett County | Tennessee | $594M | 14,006 | 6.5% |
| Chester County | Tennessee | $398M | 17,994 | 4.3% |
Recruiting in Jackson
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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