Miami-Port St. Lucie-Fort Lauderdale, FL holds $361.2 billion in deposits across 91 insured institutions and 1,500 branches, ranking #12 of 293 U.S. markets by economic output. Bank of America is the largest deposit holder at 15.8% share. The top three institutions hold 39.0% of deposits, which places the market in the fragmented band. Deposits have grown 21% since 2020 while the branch count fell by 190.
Deposit trend
Branches: 1,690 in 2020 to 1,500 in 2025. Institutions: 86 to 91. Top-three share: 41.9% to 39.0%. Deposits per branch: $241M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Bank of America | 57.2B | 15.8% | +12% |
| JPMorgan Chase Bank | 43.6B | 12.1% | +47% |
| Wells Fargo Bank | 40.2B | 11.1% | -9% |
| Truist Bank | 22.3B | 6.2% | +3% |
| Citibank | 22.2B | 6.2% | +18% |
| City National Bank of Florida | 20.9B | 5.8% | +63% |
| BankUnited | 20.5B | 5.7% | +38% |
| TD Bank | 13.6B | 3.8% | +25% |
| PNC Bank | 10.9B | 3.0% | +36% |
| Amerant Bank | 8.2B | 2.3% | +50% |
The 10 largest of 91 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 |
|---|---|---|---|---|
| Miami-Dade County | Florida | $203,059M | 2,802,029 | 41.5% |
| Broward County | Florida | $136,650M | 2,013,317 | 27.9% |
| Palm Beach County | Florida | $110,546M | 1,575,726 | 22.6% |
| St. Lucie County | Florida | $12,842M | 402,449 | 2.6% |
| Martin County | Florida | $9,556M | 166,272 | 2.0% |
| Indian River County | Florida | $8,021M | 172,799 | 1.6% |
| Monroe County | Florida | $6,402M | 80,406 | 1.3% |
| Okeechobee County | Florida | $2,175M | 42,608 | 0.4% |
Recruiting in Miami
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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