Panama City-Panama City Beach, FL, a Metropolitan Statistical Area, holds $4.8 billion in deposits across 19 insured institutions and 56 branches, ranking #184 of 293 U.S. markets by economic output. Regions Bank is the largest deposit holder at 17.9% share. The top three institutions hold 45.4% of deposits, which places the market in the moderate band. Deposits have grown 14.6% since 2020 while the branch count fell by 1.8%.
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: 57 in 2020 to 56 in 2025. Institutions: 18 to 19. Top-three share: 47.6% to 45.4%. Deposits per branch: $85M.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Regions Bank | $0.9B | 17.9% | -4% |
| Trustmark National Bank | $0.8B | 16.5% | +39% |
| Hancock Whitney Bank | $0.5B | 11.1% | 0% |
| Cadence Bank | $0.5B | 10.6% | +29% |
| Wells Fargo Bank | $0.5B | 10.2% | +14% |
| Ameris Bank | $0.4B | 8.3% | +117% |
| Centennial Bank | $0.3B | 6.0% | +10% |
| Truist Bank | $0.2B | 5.0% | -25% |
| First Federal Bank | $0.2B | 3.5% | +124% |
| Community Bank of Mississippi | $0.1B | 2.6% | +10% |
| PeoplesSouth Bank | $102M | 2.1% | +25% |
| MidSouth Bank | $79M | 1.7% | +116% |
| One Florida Bank | $58M | 1.2% | +29% |
| SmartBank | $57M | 1.2% | +66% |
| ServisFirst Bank | $46M | 1.0% | no 2020 presence |
| Capital City Bank | $45M | 0.9% | +52% |
| United Community Bank | $8M | 0.2% | no 2020 presence |
| Renasant Bank | $6M | 0.1% | no 2020 presence |
| Southeast First National Bank | $0M | 0.0% | -86% |
The 19 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 | |
|---|---|---|---|---|---|
| Bay County | Florida | $10.4B | 204,479 | 93.5% | 92.3% |
| Washington County | Florida | $723M | 26,695 | 6.5% | 7.7% |
Recruiting in the Panama City-Panama City Beach 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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