Tupelo-Corinth, MS holds $6.5 billion in deposits across 17 insured institutions and 79 branches, ranking #234 of 293 U.S. markets by economic output. Cadence Bank is the largest deposit holder at 37.5% share. The top three institutions hold 75.7% of deposits, which places the market in the concentrated band. Deposits have grown 40% since 2020 while the branch count fell by 1.
Deposit trend
Branches: 80 in 2020 to 79 in 2025. Institutions: 14 to 17. Top-three share: 73.6% to 75.7%. Deposits per branch: $83M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Cadence Bank | 2.4B | 37.5% | +73% |
| Renasant Bank | 2.0B | 31.3% | +29% |
| Farmers and Merchants Bank | 0.5B | 6.9% | +40% |
| Regions Bank | 0.4B | 5.5% | +6% |
| Trustmark National Bank | 0.3B | 5.1% | -25% |
| BankPlus | 0.2B | 3.1% | +96% |
| Guaranty Bank and Trust Company | 0.2B | 2.5% | new since 2020 |
| Commerce Bank | 0.1B | 2.1% | +13% |
| BNA Bank | 0.1B | 1.9% | +86% |
| Community Bank of Mississippi | 0.1B | 1.4% | +6% |
The 10 largest of 17 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 |
|---|---|---|---|---|
| Lee County | Mississippi | $5,040M | 83,731 | 67.1% |
| Alcorn County | Mississippi | $1,258M | 34,569 | 16.8% |
| Prentiss County | Mississippi | $608M | 25,284 | 8.1% |
| Itawamba County | Mississippi | $599M | 24,152 | 8.0% |
Recruiting in Tupelo
Deposits are held closely by the largest institutions, which often means the bankers worth recruiting are inside a small number of houses. 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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