Market Intelligence

Memphis-Clarksdale-Forrest City, TN-MS-AR

Banking market profile · FDIC Summary of Deposits (SOD), June 30, 2026
Market Intelligence › Memphis-Clarksdale-Forrest City, TN-MS-AR

Memphis-Clarksdale-Forrest City, TN-MS-AR, a Combined Statistical Area, holds $47.3 billion in deposits across 51 insured institutions and 361 branches, and ranks #46 of 293 U.S. markets by economic output. First Horizon Bank is the largest deposit holder at 36.9% share. The top three banks hold 53% of deposits, which places the market in the Moderate band. Deposits have grown 12.8% since 2021 while the branch count fell by 5.5%.

Economic scale
2024 Real GDP
$83.7B
#46 of 293
Population
1.38M
#47 of 293
GDP per Capita
$60,541
#91 of 293
Deposit market
Deposits (SOD, 6/30/26)
$47.3B
#45 of 293
Deposits per Capita
$34,227
#79 of 293
Deposits per Branch
$131M
#87 of 293
Competitive structure
Insured Institutions
51
#34 of 293
Branches per 100k Pop.
26.1
#117 of 293
Median Deposits per Institution
$340M
The median deposits booked by a single institution in the market. #71 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
70.2%
of market deposits held by banks with $100M to $100B in assets. #116 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: Moderate
53%
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) +12.8% over 5 years
$42.0B
2021
$43.0B
2022
$42.3B
2023
$41.6B
2024
$43.1B
2025
$47.3B
2026

Branches: 382 in 2021 to 361 in 2026. Institutions: 54 to 51. Top-three share: 52% to 53%. Average deposits per branch: $131M.

Institutions by deposits

InstitutionDepositsShare Branches5‑yr
deposits
First Horizon Bank$17.5B36.9%32+22%
Regions Bank$4.8B10.1%42-11%
Pinnacle Bank$2.7B5.8%7+61%
The Huntington National Bank$2.3B4.9%23+29%
Bank of America$1.8B3.8%11-8%
Independent Bank$1.6B3.4%9+55%
Truist Bank$1.5B3.3%17-27%
Renasant Bank$1.1B2.4%12-7%
Trustmark Bank$989M2.1%20+7%
Evolve Bank & Trust$929M2.0%2+100%
Financial Federal Bank$880M1.9%1+35%
The Bank of Fayette County$828M1.7%10+50%
Wells Fargo Bank$627M1.3%7-23%
Paragon Bank$605M1.3%4+47%
The Park National Bank$600M1.3%8+32%
Simmons Bank$551M1.2%10-63%
Guaranty Bank and Trust Company$548M1.2%7+50%
Fidelity Bank$488M1.0%4+6%
Bank of Bartlett$466M1.0%7+11%
Planters Bank & Trust Company$451M1.0%6-16%
Bank of Holly Springs$435M0.9%8+51%
Patriot Bank$402M0.8%8+5%
First National Bank of Eastern Arkansas$400M0.8%11+13%
BankPlus$395M0.8%4+83%
BankTennessee$351M0.7%6+28%
Bank3$340M0.7%3+33%
Commercial Bank & Trust Co.$335M0.7%2-2%
BankFirst Financial Services$325M0.7%5+15%
First Security Bank$311M0.7%8+9%
FirstBank$306M0.6%2+29%
First National Bank of Clarksdale$287M0.6%3-3%
INSOUTH Bank$266M0.6%4+29%
Unity Bank of Mississippi$248M0.5%7+6%
Community Bank of Mississippi$221M0.5%4+3%
JPMorgan Chase Bank$195M0.4%10no 2021 presence
Southern Bancorp Bank$183M0.4%6-14%
First Financial Bank$137M0.3%2+8%
Story Bank DBA Story Financial Partners$126M0.3%2+69%
ServisFirst Bank$113M0.2%1no 2021 presence
The Citizens National Bank of Meridian$110M0.2%3+59%
Liberty Bank and Trust Company$89M0.2%1-13%
Armor Bank$89M0.2%20%
CB&S Bank, Inc.$57M0.1%1+15%
Brighton Bank$46M0.1%1-13%
Partners Bank$41M0.1%1-16%
Security Bank and Trust Company$34M0.1%1+1%
Citizens Bank & Trust Co.$33M0.1%1-27%
First Choice Bank$21M<0.1%1no 2021 presence
FSNB$15M<0.1%11-31%
Decatur County Bank$9M<0.1%1no 2021 presence
Woodforest National Bank$7M<0.1%2+8%

The 51 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

CountyStateGDP PopulationShare of Market GDP Share of Market Deposits
Shelby CountyTennessee$68.0B910,22681.2%76.5%
DeSoto CountyMississippi$7.3B197,9188.7%9.6%
Crittenden CountyArkansas$1.8B46,2102.1%3.8%
Fayette CountyTennessee$1.6B45,0711.9%2.5%
Tipton CountyTennessee$1.3B62,2871.6%2.1%
Marshall CountyMississippi$892M34,6541.1%1.3%
St. Francis CountyArkansas$714M21,8000.9%1.0%
Coahoma CountyMississippi$657M19,8490.8%1.3%
Tate CountyMississippi$627M28,7250.7%1.4%
Tunica CountyMississippi$568M8,8190.7%0.3%
Benton CountyMississippi$315M7,5020.4%0.1%

Recruiting in the Memphis-Clarksdale-Forrest City 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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Other markets in Arkansas, Mississippi, and Tennessee

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.