Palm Bay-Melbourne-Titusville, FL, a Metropolitan Statistical Area, holds $11.5 billion in deposits across 18 insured institutions and 88 branches, ranking #89 of 293 U.S. markets by economic output. Wells Fargo Bank is the largest deposit holder at 18.3% share. The top three institutions hold 51.9% of deposits, which places the market in the moderate band. Deposits have grown 10.0% since 2020 while the branch count fell by 13.7%.
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
Branches: 102 in 2020 to 88 in 2025. Institutions: 16 to 18. Top-three share: 57.2% to 51.9%. Deposits per branch: $130M.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Wells Fargo Bank | $2.1B | 18.3% | +6% |
| Bank of America | $2.0B | 17.4% | +1% |
| Truist Bank | $1.9B | 16.1% | -7% |
| JPMorgan Chase Bank | $1.8B | 16.0% | +39% |
| TD Bank | $1.1B | 9.3% | +19% |
| PNC Bank | $0.7B | 6.0% | +8% |
| Regions Bank | $0.5B | 4.0% | +4% |
| Seacoast National Bank | $0.4B | 3.5% | +53% |
| Community Bank of the South | $0.2B | 2.1% | +40% |
| Sunrise Bank | $0.2B | 1.9% | +48% |
| SouthState Bank | $153M | 1.3% | -11% |
| Cypress Bank & Trust | $110M | 1.0% | no 2020 presence |
| Synovus Bank | $81M | 0.7% | -52% |
| Valley National Bank | $67M | 0.6% | +156% |
| Fifth Third Bank | $64M | 0.6% | no 2020 presence |
| Marine Bank & Trust Company | $63M | 0.6% | +243% |
| United Community Bank | $40M | 0.4% | no 2020 presence |
| TrustCo Bank | $19M | 0.2% | 0% |
The 18 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
| County | State | GDP | Population | Share of Market GDP | |
|---|---|---|---|---|---|
| Brevard County | Florida | $35.1B | 663,982 | 100.0% | 100.0% |
Recruiting in the Palm Bay-Melbourne-Titusville 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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