Wilmington, NC, a Metropolitan Statistical Area, holds $26.4 billion in deposits across 24 insured institutions and 93 branches, ranking #116 of 293 U.S. markets by economic output. Live Oak Banking Company is the largest deposit holder at 47.9% share. The top three institutions hold 74.1% of deposits, which places the market in the concentrated band. Deposits have grown 70.1% since 2020 while the branch count fell by 12.3%.
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
Branches: 106 in 2020 to 93 in 2025. Institutions: 21 to 24. Top-three share: 67.5% to 74.1%. Deposits per branch: $284M.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Live Oak Banking Company | $12.6B | 47.9% | +115% |
| Truist Bank | $5.1B | 19.5% | +92% |
| First-Citizens Bank & Trust Company | $1.8B | 6.7% | +31% |
| Wells Fargo Bank | $1.6B | 5.9% | -18% |
| Bank of America | $1.0B | 3.9% | +7% |
| First Bank | $1.0B | 3.6% | +64% |
| First National Bank of Pennsylvania | $0.8B | 3.2% | +73% |
| PNC Bank | $0.6B | 2.1% | +25% |
| United Bank | $0.4B | 1.6% | +83% |
| SouthState Bank | $0.4B | 1.5% | +16% |
| TD Bank | $271M | 1.0% | +40% |
| Bank OZK | $159M | 0.6% | +17% |
| First Carolina Bank | $140M | 0.5% | no 2020 presence |
| Dogwood State Bank | $137M | 0.5% | +336% |
| Southern Bank and Trust Company | $114M | 0.4% | +192% |
| North State Bank | $87M | 0.3% | -34% |
| Paragon Bank | $77M | 0.3% | no 2020 presence |
| United Community Bank | $66M | 0.2% | no 2020 presence |
| Fifth Third Bank | $11M | 0.0% | no 2020 presence |
| Woodforest National Bank | $11M | 0.0% | +24% |
| Coastal Carolina National Bank | $7M | 0.0% | no 2020 presence |
| FSNB | $6M | 0.0% | +15% |
| First Community Bank | $0M | 0.0% | no 2020 presence |
| Davidson Trust Co. | $0M | 0.0% | no 2020 presence |
The 24 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
| County | State | GDP | Population | Share of Market GDP | |
|---|---|---|---|---|---|
| New Hanover County | North Carolina | $16.5B | 245,959 | 67.0% | 85.7% |
| Brunswick County | North Carolina | $6.2B | 174,702 | 25.2% | 12.1% |
| Pender County | North Carolina | $1.9B | 72,111 | 7.7% | 2.2% |
Recruiting in the Wilmington market
Deposits are held closely by the largest banks, which often means the bankers worth recruiting are inside a small number of institutions. 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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