Market Intelligence

Tampa-St. Petersburg-Clearwater, FL

Banking market profile · FDIC Summary of Deposits, June 30, 2025
Market Intelligence › Tampa-St. Petersburg-Clearwater, FL

Tampa-St. Petersburg-Clearwater, FL, a Metropolitan Statistical Area, 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 26.5% since 2020 while the branch count fell by 10.5%.

Economic scale
2024 Real GDP
$207.7B
#23 of 293
Population
3.42M
#20 of 293
GDP per Capita
$60,759
#89 of 293
Deposit market
Total Deposits
$128.1B
#24 of 293
Deposits per Capita
$37,468
#60 of 293
Deposits per Branch
$212M
#31 of 293
Competitive structure
Insured Institutions
57
#30 of 293
Branches per 100k Pop.
17.7
#234 of 293
Median Deposits per Institution
$394M
The median deposits booked by a single institution in the market. #35 of 293. A lower figure means institutions typically hold smaller deposit positions here; it reflects local deposit presence, not an institution’s overall size. See Community & Regional Bank Share for institution scale.
Community & Regional Bank Share
42.0%
of market deposits held by banks with $100M to $50B in assets. #199 of 293. A higher share points to a market where small to mid-size institutions, the kind that compete on relationships and local decision-making, hold more ground.
Top-3 Deposit Share: moderate
51.6%
The combined deposit share of the three largest institutions in the market. A lower share means deposits are spread across more institutions.

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

Total market deposits (nominal), 2020 to 2025 +26.5% over 5 years
$101.3B
2020
$117.0B
2021
$130.8B
2022
$123.9B
2023
$122.7B
2024
$128.1B
2025

Branches: 675 in 2020 to 604 in 2025. Institutions: 57 to 57. Top-three share: 52.3% to 51.6%. Deposits per branch: $212M.

Institutions by deposits

InstitutionDepositsShare Branches5‑yr
Raymond James Bank$38.4B29.9%1+50%
Bank of America$14.5B11.3%64+3%
Truist Bank$13.3B10.4%850%
Wells Fargo Bank$12.5B9.8%59+7%
JPMorgan Chase Bank$8.0B6.2%62+71%
Regions Bank$7.5B5.8%58+41%
Fifth Third Bank$4.4B3.5%45+49%
Valley National Bank$3.9B3.1%14+36%
The Bank of Tampa$2.6B2.0%11+22%
Synovus Bank$2.4B1.8%14+50%
PNC Bank$2.1B1.7%20+4%
Bank OZK$2.0B1.5%16+88%
TD Bank$1.8B1.4%23-2%
SouthState Bank$1.2B0.9%10+1%
Hancock Whitney Bank$1.0B0.8%7+28%
Centennial Bank$969M0.8%11+14%
BayFirst National Bank$914M0.7%7+85%
Third Federal Savings and Loan Association of Cleveland$910M0.7%5-15%
EverBank$751M0.6%1+7%
Cadence Bank$706M0.6%7+8%
Climate First Bank$658M0.5%1no 2020 presence
BMO Bank$646M0.5%3+331%
First Horizon Bank$635M0.5%5+31%
Flagship Bank$601M0.5%6+244%
Seacoast National Bank$584M0.5%6+57%
Republic Bank & Trust Company$559M0.4%7+7%
ServisFirst Bank$464M0.4%1+43%
BankUnited$450M0.4%4-31%
The Northern Trust Company$394M0.3%2+1%
First-Citizens Bank & Trust Company$324M0.3%6-7%
Cogent Bank$323M0.3%2+318%
Waterfall Bank$306M0.2%1no 2020 presence
TCM Bank$286M0.2%1+39%
First National Bank of Pasco$266M0.2%4+53%
BankFlorida$199M0.2%3no 2020 presence
Capital City Bank$174M0.1%3+69%
American Momentum Bank$169M0.1%4-14%
Central Bank$162M0.1%1+23%
Brannen Bank$140M0.1%2+90%
Bank of Central Florida$121M0.1%2+2,067%
Renasant Bank$118M0.1%1no 2020 presence
Amerant Bank$101M0.1%1no 2020 presence
Century Bank of Florida$88M0.1%1-1%
Citizens Bank and Trust$82M0.1%3no 2020 presence
Encore Bank$81M0.1%1no 2020 presence
INB$78M0.1%1no 2020 presence
TrustCo Bank$73M0.1%2+35%
First Foundation Bank$54M0.0%1no 2020 presence
Stearns Bank$28M0.0%1+7%
Florida Capital Bank$27M0.0%1+2%
United Community Bank$22M0.0%1no 2020 presence
Beal Bank USA$19M0.0%1+42%
Metro City Bank$17M0.0%1+93%
Woodforest National Bank$1M0.0%1no 2020 presence
Members Trust Company$0M0.0%10%
BNY Mellon$0M0.0%1no 2020 presence
CIBC National Trust Company$0M0.0%1no 2020 presence

The 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. 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

CountyStateGDP PopulationShare of Market GDP Share of Market Deposits
Hillsborough CountyFlorida$121.0B1,574,11558.3%35.1%
Pinellas CountyFlorida$62.3B948,56330.0%55.5%
Pasco CountyFlorida$18.8B674,5169.0%7.0%
Hernando CountyFlorida$5.7B221,7012.7%2.5%

Recruiting in the Tampa-St. Petersburg-Clearwater 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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Other markets in Florida

All 293 markets and the 1,523 counties with a branch within a CSA or MSA are covered in the Market Intelligence resource. See the methodology for how each figure is built and when to expect updates, or the disclaimer for how this data should, and should not, be read.