Market Intelligence

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

Banking market profile · FDIC Summary of Deposits, June 30, 2025
Market Intelligence › Memphis-Clarksdale-Forrest City, TN-MS-AR

Memphis-Clarksdale-Forrest City, TN-MS-AR, a Combined Statistical Area, holds $43.1 billion in deposits across 50 insured institutions and 363 branches, ranking #46 of 293 U.S. markets by economic output. First Horizon Bank is the largest deposit holder at 32.5% share. The top three institutions hold 48.9% of deposits, which places the market in the moderate band. Deposits have grown 7.1% since 2020 while the branch count fell by 5.2%.

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
Total Deposits
$43.1B
#48 of 293
Deposits per Capita
$31,163
#98 of 293
Deposits per Branch
$119M
#106 of 293
Competitive structure
Insured Institutions
50
#37 of 293
Branches per 100k Pop.
26.2
#121 of 293
Median Deposits per Institution
$329M
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
36.3%
of market deposits held by banks with $100M to $50B in assets. #219 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 Deposit Share: moderate
48.9%
The combined deposit share of the three largest institutions 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

Total market deposits (nominal), 2020 to 2025 +7.1% over 5 years
$40.3B
2020
$42.0B
2021
$43.0B
2022
$42.3B
2023
$41.6B
2024
$43.1B
2025

Branches: 383 in 2020 to 363 in 2025. Institutions: 56 to 50. Top-three share: 55.0% to 48.9%. Deposits per branch: $119M.

Institutions by deposits

InstitutionDepositsShare Branches5‑yr
First Horizon Bank$14.0B32.5%32-7%
Regions Bank$4.6B10.6%43-11%
Pinnacle Bank$2.5B5.7%7+101%
Cadence Bank$2.3B5.2%23+41%
Bank of America$1.8B4.2%11+10%
Truist Bank$1.6B3.6%17-34%
Independent Bank$1.6B3.6%9+52%
Renasant Bank$1.1B2.6%11-1%
Evolve Bank & Trust$1.1B2.5%2+196%
Trustmark National Bank$1.0B2.3%21+19%
Financial Federal Bank$809M1.9%1+54%
The Bank of Fayette County$767M1.8%10+38%
Simmons Bank$659M1.5%11+464%
Paragon Bank$640M1.5%4+57%
First Citizens National Bank$601M1.4%7+36%
Wells Fargo Bank$589M1.4%7-11%
Fidelity Bank$505M1.2%4+24%
Guaranty Bank and Trust Company$493M1.1%8+69%
Planters Bank & Trust Company$467M1.1%6+145%
Bank of Bartlett$462M1.1%7+20%
Bank of Holly Springs$421M1.0%8+94%
First National Bank of Eastern Arkansas$388M0.9%11+26%
Patriot Bank$388M0.9%8+7%
BankTennessee$341M0.8%6+45%
BankFirst Financial Services$334M0.8%5no 2020 presence
Commercial Bank & Trust Co.$324M0.8%2+17%
BankPlus$313M0.7%5+73%
First Security Bank$307M0.7%8+27%
FirstBank$300M0.7%3+64%
First National Bank of Clarksdale$292M0.7%3+1%
Bank3$287M0.7%3+59%
INSOUTH Bank$271M0.6%4+47%
Unity Bank of Mississippi$260M0.6%7+167%
Community Bank of Mississippi$215M0.5%4+10%
Southern Bancorp Bank$203M0.5%6+203%
JPMorgan Chase Bank$139M0.3%8no 2020 presence
First Commercial Bank$131M0.3%2+89%
First Financial Bank$123M0.3%2-1%
Liberty Bank and Trust Company$104M0.2%1no 2020 presence
ServisFirst Bank$104M0.2%1no 2020 presence
The Citizens National Bank of Meridian$99M0.2%3+60%
Armor Bank$88M0.2%2+16%
CB&S Bank, Inc.$58M0.1%1+21%
Brighton Bank$51M0.1%1+36%
Partners Bank$37M0.1%1+5%
Security Bank and Trust Company$37M0.1%1no 2020 presence
Citizens Bank & Trust Co.$34M0.1%1-38%
Decatur County Bank$16M0.0%1no 2020 presence
FSNB$15M0.0%12-17%
Woodforest National Bank$6M0.0%2+1%

The 50 insured institutions with a branch presence, as of June 30, 2025. Five-year change compares the same institution’s deposits in 2020 and 2025. 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 2020 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%74.4%
DeSoto CountyMississippi$7.3B197,9188.7%10.6%
Crittenden CountyArkansas$1.8B46,2102.1%4.6%
Fayette CountyTennessee$1.6B45,0711.9%2.1%
Tipton CountyTennessee$1.3B62,2871.6%2.3%
Marshall CountyMississippi$892M34,6541.1%1.5%
St. Francis CountyArkansas$714M21,8000.9%1.1%
Coahoma CountyMississippi$657M19,8490.8%1.4%
Tate CountyMississippi$627M28,7250.7%1.5%
Tunica CountyMississippi$568M8,8190.7%0.4%
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.