Johnstown-Somerset, PA holds $5.8 billion in deposits across 14 insured institutions and 82 branches, ranking #240 of 293 U.S. markets by economic output. Somerset Trust Company is the largest deposit holder at 20.5% share. The top three institutions hold 57.8% of deposits, which places the market in the moderate band. Deposits have grown 15% since 2020 while the branch count fell by 13.
Deposit trend
Branches: 95 in 2020 to 82 in 2025. Institutions: 15 to 14. Top-three share: 56.1% to 57.8%. Deposits per branch: $71M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Somerset Trust Company | 1.2B | 20.5% | +31% |
| First National Bank of Pennsylvania | 1.2B | 19.8% | +5% |
| Ameriserv Financial Bank | 1.0B | 17.5% | +25% |
| 1st Summit Bank | 1.0B | 16.6% | +14% |
| First Commonwealth Bank | 0.6B | 9.8% | +9% |
| S&T Bank | 0.2B | 3.7% | +23% |
| Slovenian Savings and Loan Association of Franklin-Conemaugh | 0.2B | 2.8% | +17% |
| PNC Bank | 0.1B | 2.3% | -12% |
| PennCrest Bank | 0.1B | 2.0% | +12% |
| Northwest Bank | 0.1B | 2.0% | -18% |
The 10 largest of 14 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 |
|---|---|---|---|---|
| Cambria County | Pennsylvania | $4,885M | 128,968 | 67.7% |
| Somerset County | Pennsylvania | $2,326M | 72,004 | 32.3% |
Recruiting in Johnstown
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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