Lexington-Fayette--Richmond--Frankfort, KY, a Combined Statistical Area, holds $21.1 billion in deposits across 48 insured institutions and 263 branches, and ranks #81 of 293 U.S. markets by economic output. Central Bank & Trust Co. is the largest deposit holder at 12.1% share. The top three banks hold 32% of deposits, which places the market in the Fragmented band. Deposits have grown 6.9% since 2021 while the branch count fell by 4.7%.
Economic scale
2024 Real GDP
$42.6B
#81 of 293
Population
793K
#78 of 293
GDP per Capita
$53,649
#146 of 293
Deposit market
Deposits (SOD, 6/30/26)
$21.1B
#76 of 293
Deposits per Capita
$26,648
#158 of 293
Deposits per Branch
$80M
#246 of 293
Competitive structure
Insured Institutions
48
#38 of 293
Branches per 100k Pop.
33.2
#61 of 293
Median Deposits per Institution
$171M
The median deposits booked by a single institution in the market. #192 of 293. A lower figure means institutions typically hold smaller deposit positions here; it reflects local deposit presence, not an institution’s overall size. See Community & Regional Bank Share for institution scale.
Community & Regional Bank Share
66.0%
of market deposits held by banks with $100M to $100B in assets. #136 of 293. A higher share points to a market where small to mid-size institutions, the kind that compete on relationships and local decision-making, hold more ground.
Top-3 Banks’ Deposit Share: Fragmented
32%
The combined deposit share of the top three banks by deposits in the market. A lower share means deposits are spread across more institutions.
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
Market Deposits (SOD, 2021 to 2026)+6.9% over 5 years
$19.8B
2021
$20.8B
2022
$19.4B
2023
$19.7B
2024
$21.0B
2025
$21.1B
2026
Branches: 276 in 2021 to 263 in 2026.
Institutions: 50 to 48. Top-three share: 33% to 32%.
Average deposits per branch: $80M.
The 48 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.
Recruiting in the Lexington-Fayette--Richmond--Frankfort market
No single institution dominates deposits here, which often means more competitors of a size where a well-positioned team has room to compete. 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.
All 293 markets and the 1,523 counties with a branch within a CSA or MSA are covered in the Market Intelligence resource. See the methodology for how each figure is built and when to expect updates, or the disclaimer for how this data should, and should not, be read.
