Lexington-Fayette--Richmond--Frankfort, KY holds $21.2 billion in deposits across 49 insured institutions and 262 branches, ranking #81 of 293 U.S. markets by economic output. Central Bank & Trust Co. is the largest deposit holder at 11.4% share. The top three institutions hold 32.5% of deposits, which places the market in the fragmented band. Deposits have grown 27% since 2020 while the branch count fell by 16.
Deposit trend
Branches: 278 in 2020 to 262 in 2025. Institutions: 50 to 49. Top-three share: 34.6% to 32.5%. Deposits per branch: $81M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Central Bank & Trust Co. | 2.4B | 11.4% | +18% |
| JPMorgan Chase Bank | 2.3B | 10.7% | +7% |
| Fifth Third Bank | 2.2B | 10.4% | +44% |
| Traditional Bank, Inc. | 2.0B | 9.4% | +24% |
| PNC Bank | 1.3B | 6.0% | -5% |
| Community Trust Bank, Inc. | 1.3B | 6.0% | +25% |
| WesBanco Bank, Inc. | 1.1B | 5.3% | +26% |
| Bank of America | 1.0B | 4.9% | new since 2020 |
| Whitaker Bank | 1.0B | 4.5% | +101% |
| Stock Yards Bank & Trust Company | 0.9B | 4.2% | new since 2020 |
The 10 largest of 49 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 |
|---|---|---|---|---|
| Fayette County | Kentucky | $22,666M | 329,751 | 53.3% |
| Scott County | Kentucky | $3,989M | 62,262 | 9.4% |
| Franklin County | Kentucky | $3,633M | 52,649 | 8.5% |
| Madison County | Kentucky | $3,524M | 101,696 | 8.3% |
| Jessamine County | Kentucky | $2,292M | 57,147 | 5.4% |
| Clark County | Kentucky | $1,595M | 37,888 | 3.7% |
| Woodford County | Kentucky | $1,229M | 27,883 | 2.9% |
| Montgomery County | Kentucky | $1,088M | 28,822 | 2.6% |
| Bourbon County | Kentucky | $1,032M | 20,243 | 2.4% |
| Anderson County | Kentucky | $638M | 25,225 | 1.5% |
| Rockcastle County | Kentucky | $358M | 16,148 | 0.8% |
| Estill County | Kentucky | $227M | 13,962 | 0.5% |
| Bath County | Kentucky | $201M | 13,176 | 0.5% |
| Menifee County | Kentucky | $88M | 6,430 | 0.2% |
Recruiting in Lexington
No single institution dominates deposits here, which usually means more competitors of a size where a strong team can move meaningful share. 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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