Waco, TX

Waco, TX holds $8.5 billion in deposits across 28 insured institutions and 78 branches, ranking #155 of 293 U.S. markets by economic output. First National Bank of Central Texas is the largest deposit holder at 13.6% share. The top three institutions hold 32.1% of deposits, which places the market in the fragmented band. Deposits have grown 24% since 2020 while the branch count fell by 4.

Deposit trend

Branches: 82 in 2020 to 78 in 2025. Institutions: 30 to 28. Top-three share: 30.3% to 32.1%. Deposits per branch: $109M.

Leading institutions by deposits

Institution	Deposits	Share	Branches	5‑yr
First National Bank of Central Texas	1.2B	13.6%	4	+38%
The First National Bank of McGregor	0.9B	10.3%	6	+46%
Extraco Banks	0.7B	8.2%	3	+106%
Central National Bank	0.7B	7.9%	2	+4%
Alliance Bank Central Texas	0.7B	7.8%	3	+176%
Community Bank & Trust, Waco, Texas	0.6B	6.6%	4	+26%
American Bank	0.6B	6.5%	4	+27%
Bank of America	0.5B	5.7%	2	-7%
Wells Fargo Bank	0.4B	4.4%	3	-18%
JPMorgan Chase Bank	0.4B	4.2%	3	+61%

The 10 largest of 28 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	Share of deposits
McLennan County	Texas	$14,524M	272,020	92.5%	92.3%
Bosque County	Texas	$659M	18,918	4.2%	4.2%
Falls County	Texas	$514M	17,869	3.3%	3.6%