Memphis-Clarksdale-Forrest City, TN-MS-AR 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% since 2020 while the branch count fell by 20.
Deposit trend
Branches: 383 in 2020 to 363 in 2025. Institutions: 56 to 50. Top-three share: 55.0% to 48.9%. Deposits per branch: $119M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| First Horizon Bank | 14.0B | 32.5% | -4% |
| Regions Bank | 4.6B | 10.6% | -11% |
| Pinnacle Bank | 2.5B | 5.7% | +101% |
| Cadence Bank | 2.3B | 5.2% | +55% |
| Bank of America | 1.8B | 4.2% | +10% |
| Truist Bank | 1.6B | 3.6% | -34% |
| Independent Bank | 1.6B | 3.6% | +52% |
| Renasant Bank | 1.1B | 2.6% | -1% |
| Evolve Bank & Trust | 1.1B | 2.5% | +196% |
| Trustmark National Bank | 1.0B | 2.3% | +19% |
The 10 largest of 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; an acquirer absorbs the balances of banks it bought.
Counties in this market
| County | State | GDP | Population | Share of GDP |
|---|---|---|---|---|
| Shelby County | Tennessee | $67,994M | 910,226 | 81.2% |
| DeSoto County | Mississippi | $7,298M | 197,918 | 8.7% |
| Crittenden County | Arkansas | $1,762M | 46,210 | 2.1% |
| Fayette County | Tennessee | $1,559M | 45,071 | 1.9% |
| Tipton County | Tennessee | $1,346M | 62,287 | 1.6% |
| Marshall County | Mississippi | $892M | 34,654 | 1.1% |
| St. Francis County | Arkansas | $714M | 21,800 | 0.9% |
| Coahoma County | Mississippi | $657M | 19,849 | 0.8% |
| Tate County | Mississippi | $627M | 28,725 | 0.7% |
| Tunica County | Mississippi | $568M | 8,819 | 0.7% |
| Benton County | Mississippi | $314M | 7,502 | 0.4% |
Recruiting in Memphis
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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