Market Intelligence

Washington-Baltimore-Arlington, DC-MD-VA-WV-PA

Banking market profile · FDIC Summary of Deposits, June 30, 2025
Market Intelligence › Washington-Baltimore-Arlington, DC-MD-VA-WV-PA

Washington-Baltimore-Arlington, DC-MD-VA-WV-PA holds $436.8 billion in deposits across 98 insured institutions and 1,920 branches, ranking #4 of 293 U.S. markets by economic output. Bank of America is the largest deposit holder at 18.2% share. The top three institutions hold 47.6% of deposits, which places the market in the moderate band.

$871.6B
2024 GDP
$436.8B
Deposits
98
Institutions
47.6%
Top-3 share

Deposit trend

Total market deposits, 2020 to 2025 +3.4% over 5 years
$422.6B
20
$477.9B
21
$419.3B
22
$411.7B
23
$409.2B
24
$436.8B
25

Branches: 2,369 in 2020 to 1,920 in 2025. Institutions: 109 to 98. Top-three share: 40.9% to 47.6%. Deposits per branch: $228M.

Leading institutions by deposits

InstitutionDepositsShare Branches5‑yr
Bank of America79.5B18.2%187+12%
Capital One75.3B17.2%68+48%
Truist Bank53.2B12.2%249+4%
Wells Fargo Bank42.6B9.7%177-8%
Manufacturers and Traders Trust Company29.6B6.8%185+10%
PNC Bank28.0B6.4%163-3%
Atlantic Union Bank15.5B3.5%79+206%
United Bank11.6B2.7%71+14%
Citibank10.4B2.4%33+12%
EagleBank9.1B2.1%13+14%

The 10 largest of 98 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

CountyStateGDP PopulationShare of GDP Share of deposits
Fairfax CountyVirginia$145,984M1,167,87316.7%28.0%
District of ColumbiaDistrict of Columbia$145,088M693,64516.6%14.8%
Montgomery CountyMaryland$94,922M1,074,58210.9%12.7%
Baltimore CountyMaryland$57,707M847,6506.6%6.1%
Anne Arundel CountyMaryland$55,635M603,3806.4%3.4%
Baltimore cityMaryland$51,900M569,9976.0%9.0%
Prince George's CountyMaryland$50,887M970,3745.8%3.2%
Arlington CountyVirginia$41,377M243,9314.7%2.0%
Loudoun CountyVirginia$37,441M449,7494.3%2.1%
Howard CountyMaryland$30,577M339,1833.5%2.2%
Prince William CountyVirginia$22,234M502,9662.6%1.6%
Frederick CountyMaryland$15,944M302,8831.8%1.5%
Alexandria cityVirginia$14,388M160,6621.7%1.2%
Harford CountyMaryland$13,995M266,4461.6%1.1%
St. Mary's CountyMaryland$8,388M116,6921.0%0.5%
Washington CountyMaryland$7,597M157,7310.9%0.7%
Carroll CountyMaryland$6,805M176,6770.8%1.1%
Charles CountyMaryland$6,682M176,5930.8%0.7%
Spotsylvania CountyVirginia$6,682M155,3880.8%0.5%
Stafford CountyVirginia$6,586M170,8030.8%0.3%
Franklin CountyPennsylvania$6,383M160,6520.7%0.9%
Frederick CountyVirginia$5,875M99,9550.7%0.3%
Calvert CountyMaryland$4,828M94,4840.6%0.5%
Berkeley CountyWest Virginia$4,688M139,5220.5%0.5%
Fairfax cityVirginia$3,346M26,7720.4%1.3%
Fauquier CountyVirginia$3,227M76,5030.4%0.5%
Jefferson CountyWest Virginia$2,356M63,1020.3%0.3%
Queen Anne's CountyMaryland$2,157M54,4480.2%0.4%
Culpeper CountyVirginia$2,146M57,6660.2%0.2%
Talbot CountyMaryland$2,139M38,2380.2%0.5%
Warren CountyVirginia$1,971M42,7400.2%0.2%
Manassas cityVirginia$1,960M44,3320.2%0.3%
Falls Church cityVirginia$1,895M15,1590.2%0.1%
Winchester cityVirginia$1,662M28,2720.2%0.4%
Dorchester CountyMaryland$1,395M33,6280.2%0.2%
Fredericksburg cityVirginia$1,307M30,3930.1%0.4%
Orange CountyVirginia$1,218M40,0830.1%0.1%
Manassas Park cityVirginia$732M16,5600.1%0.0%
Clarke CountyVirginia$467M15,6090.1%0.1%
Hampshire CountyWest Virginia$435M24,1050.0%0.1%
Rappahannock CountyVirginia$317M7,4390.0%0.0%
Morgan CountyWest Virginia$313M18,0270.0%0.1%

Recruiting in Washington

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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