Tampa-St. Petersburg-Clearwater, FL holds $128.1 billion in deposits across 57 insured institutions and 604 branches, ranking #23 of 293 U.S. markets by economic output. Raymond James Bank is the largest deposit holder at 29.9% share. The top three institutions hold 51.6% of deposits, which places the market in the moderate band. Deposits have grown 27% since 2020 while the branch count fell by 71.
Deposit trend
Branches: 675 in 2020 to 604 in 2025. Institutions: 57 to 57. Top-three share: 52.3% to 51.6%. Deposits per branch: $212M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Raymond James Bank | 38.4B | 29.9% | +50% |
| Bank of America | 14.5B | 11.3% | +3% |
| Truist Bank | 13.3B | 10.4% | +0% |
| Wells Fargo Bank | 12.5B | 9.8% | +7% |
| JPMorgan Chase Bank | 8.0B | 6.2% | +71% |
| Regions Bank | 7.5B | 5.8% | +41% |
| Fifth Third Bank | 4.4B | 3.5% | +49% |
| Valley National Bank | 3.9B | 3.1% | +36% |
| The Bank of Tampa | 2.6B | 2.0% | +22% |
| Synovus Bank | 2.4B | 1.8% | +50% |
The 10 largest of 57 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 |
|---|---|---|---|---|
| Hillsborough County | Florida | $121,005M | 1,574,115 | 58.3% |
| Pinellas County | Florida | $62,298M | 948,563 | 30.0% |
| Pasco County | Florida | $18,764M | 674,516 | 9.0% |
| Hernando County | Florida | $5,660M | 221,701 | 2.7% |
Recruiting in Tampa
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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