Deposit Marketshare

Deposit Market Share for Selected Markets
Pending Ownership, including Bank, Savings Bank, Thrift Branches
Ownership as of 11/9/2020, Branches and Deposits as of 6/30/2020

FED BANKING MARKET: Wytheville, VA
2020 Rank 2019 Rank Institution (Headquarters) Type 2020 Number of Branches 2020 Total Deposits in Market ($M) 2020 Total Market Share (%) 2019 Total Deposits in Market ($M) 2019 Total Market Share (%)
1 1 First Community Bankshares Inc (VA) Bank 2 113.8 17.13 111.3 18.17
2 3 Truist Financial Corp. (NC) Bank 1 104.4 15.71 98.7 16.11
3 2 National Bankshares Inc. (VA) Bank 1 103.6 15.60 103.0 16.81
4 4 First Bancorp Inc. (VA) Bank 1 85.5 12.87 77.2 12.60
5 5 Atlantic Union Bkshs Corp. (VA) Bank 1 83.8 12.62 71.8 11.72
6 7 Summit Financial Group Inc. (WV) Bank 2 48.7 7.33 41.6 6.80
7 6 Carter Bank & Trust (VA) Bank 1 46.9 7.07 51.0 8.32
8 8 Southwest VA Bkshs Inc. (VA) Bank 2 34.9 5.25 28.5 4.65
9 9 Parkway Acquisition Corp (VA) Bank 1 24.1 3.63 17.0 2.77
10 10 First Region Bancshares Inc. (VA) Bank 1 15.5 2.33 10.7 1.75
    Total for institutions in market

  14 664.2   612.5  

FED BANKING MARKET: Winchester, VA-WV
2020 Rank 2019 Rank Institution (Headquarters) Type 2020 Number of Branches 2020 Total Deposits in Market ($M) 2020 Total Market Share (%) 2019 Total Deposits in Market ($M) 2019 Total Market Share (%)
1 1 Truist Financial Corp. (NC) Bank 14 1,207.3 27.96 1,153.7 30.06
2 2 Eagle Financial Services Inc. (VA) Bank 10 694.4 16.08 591.1 15.40
3 3 First National Corp. (VA) Bank 6 567.9 13.15 464.1 12.09
4 4 Wells Fargo & Co. (CA) Bank 4 494.6 11.46 428.3 11.16
5 5 United Bankshares Inc. (WV) Bank 8 322.7 7.48 281.2 7.33
6 6 Romney Bankshares Inc. (WV) Bank 7 235.3 5.45 205.3 5.35
7 7 Eastern Bancshares Inc. (WV) Bank 4 173.4 4.02 148.6 3.87
8 8 City Holding Co. (WV) Bank 4 148.3 3.43 138.9 3.62
9 9 Summit Financial Group Inc. (WV) Bank 2 137.6 3.19 119.8 3.12
10 10 F & M Bank Corp. (VA) Bank 2 119.7 2.77 99.0 2.58
11 11 Atlantic Union Bkshs Corp. (VA) Bank 1 98.5 2.28 89.6 2.34
    Total for institutions in market

  68 4,317.3   3,838.7  

FED BANKING MARKET: Norfolk-Portsmouth, VA-NC
2020 Rank 2019 Rank Institution (Headquarters) Type 2020 Number of Branches 2020 Total Deposits in Market ($M) 2020 Total Market Share (%) 2019 Total Deposits in Market ($M) 2019 Total Market Share (%)
1 2 TowneBank (VA) Bank 21 5,973.0 28.62 4,954.5 26.65
2 1 Truist Financial Corp. (NC) Bank 44 4,723.6 22.64 4,986.6 26.83
3 3 Wells Fargo & Co. (CA) Bank 27 4,563.4 21.87 3,946.5 21.23
4 4 Bank of America Corporation (NC) Bank 20 2,605.0 12.48 2,283.3 12.28
5 5 Atlantic Union Bkshs Corp. (VA) Bank 14 1,047.2 5.02 843.1 4.54
6 6 Southern BancShares (NC) (NC) Bank 11 573.2 2.75 444.8 2.39
7 7 PNC Financial Services Group (PA) Bank 9 396.7 1.90 304.0 1.64
8 8 Fulton Financial Corp. (PA) Bank 5 240.9 1.15 202.0 1.09
9 9 Old Point Financial Corp. (VA) Bank 6 222.2 1.06 179.2 0.96
10 10 Dollar Mutual Bancorp (PA) Thrift 7 184.8 0.89 169.5 0.91
    Total for institutions in market

  184 20,866.9   18,589.2  

FED BANKING MARKET: Lynchburg, VA
2020 Rank 2019 Rank Institution (Headquarters) Type 2020 Number of Branches 2020 Total Deposits in Market ($M) 2020 Total Market Share (%) 2019 Total Deposits in Market ($M) 2019 Total Market Share (%)
1 1 Truist Financial Corp. (NC) Bank 16 1,319.8 26.11 1,255.1 28.67
2 2 Wells Fargo & Co. (CA) Bank 8 1,201.0 23.76 1,007.1 23.00
3 3 Bank of the James Finl Grp Inc (VA) Bank 11 605.8 11.99 515.3 11.77
4 4 Pinnacle Bankshares Corp. (VA) Bank 10 512.1 10.13 432.8 9.89
5 5 Bank of America Corporation (NC) Bank 2 330.5 6.54 291.5 6.66
6 7 Select Bank Financial Corp. (VA) Bank 3 224.1 4.44 187.2 4.28
7 6 Carter Bank & Trust (VA) Bank 5 215.7 4.27 210.8 4.81
8 8 Farmers Bank of Appomattox (VA) Bank 3 153.3 3.03 136.8 3.12
9 9 First Citizens BancShares Inc. (NC) Bank 2 109.3 2.16 85.4 1.95
10 10 Atlantic Union Bkshs Corp. (VA) Bank 2 99.3 1.97 70.2 1.60
    Total for institutions in market

  72 5,053.9   4,378.0  

FED BANKING MARKET: Lexington, VA
2020 Rank 2019 Rank Institution (Headquarters) Type 2020 Number of Branches 2020 Total Deposits in Market ($M) 2020 Total Market Share (%) 2019 Total Deposits in Market ($M) 2019 Total Market Share (%)
1 1 Truist Financial Corp. (NC) Bank 3 218.1 28.44 214.2 30.78
2 2 CornerStone Bank NA (VA) Bank 4 169.7 22.13 142.9 20.54
3 3 Wells Fargo & Co. (CA) Bank 1 110.5 14.41 93.5 13.44
4 4 Bank of Botetourt (VA) Bank 3 93.0 12.13 81.7 11.74
5 5 Carter Bank & Trust (VA) Bank 1 69.7 9.09 69.5 9.99
6 6 City Holding Co. (WV) Bank 3 52.6 6.86 48.2 6.93
7 7 Atlantic Union Bkshs Corp. (VA) Bank 1 51.1 6.66 45.8 6.59
8 8 Bank of the James Finl Grp Inc (VA) Bank 1 2.1 0.27 0.0 0.00
    Total for institutions in market

  17 766.9   696.0  

FED BANKING MARKET: Blacksburg, VA
2020 Rank 2019 Rank Institution (Headquarters) Type 2020 Number of Branches 2020 Total Deposits in Market ($M) 2020 Total Market Share (%) 2019 Total Deposits in Market ($M) 2019 Total Market Share (%)
1 2 National Bankshares Inc. (VA) Bank 15 856.7 22.34 734.3 21.77
2 1 Atlantic Union Bkshs Corp. (VA) Bank 8 842.7 21.97 740.5 21.96
3 3 Wells Fargo & Co. (CA) Bank 4 604.1 15.75 509.9 15.12
4 4 Truist Financial Corp. (NC) Bank 7 510.5 13.31 491.4 14.57
5 5 Carter Bank & Trust (VA) Bank 6 265.2 6.92 266.2 7.89
6 7 First Bancorp Inc. (VA) Bank 3 195.1 5.09 123.7 3.67
7 6 Parkway Acquisition Corp (VA) Bank 4 152.3 3.97 137.1 4.07
8 9 Virginia Community Cap Inc. (VA) Bank 1 131.7 3.43 115.1 3.41
9 8 First Community Bankshares Inc (VA) Bank 4 125.9 3.28 119.4 3.54
10 10 American National Bankshares (VA) Bank 1 112.4 2.93 105.7 3.13
    Total for institutions in market

  59 3,835.1   3,372.5  

FED BANKING MARKET: Alleghany, VA
2020 Rank 2019 Rank Institution (Headquarters) Type 2020 Number of Branches 2020 Total Deposits in Market ($M) 2020 Total Market Share (%) 2019 Total Deposits in Market ($M) 2019 Total Market Share (%)
1 1 Truist Financial Corp. (NC) Bank 3 166.3 29.29 154.3 29.13
2 2 Highlands Community Bank (VA) Bank 3 142.6 25.11 128.3 24.21
3 3 Atlantic Union Bkshs Corp. (VA) Bank 1 75.6 13.32 71.9 13.58
4 4 Wells Fargo & Co. (CA) Bank 1 48.9 8.61 46.9 8.85
5 6 Summit Financial Group Inc. (WV) Bank 1 37.9 6.68 33.9 6.39
6 5 Southern National Bncp of VA (VA) Bank 1 36.9 6.49 36.9 6.95
7 7 First Citizens BancShares Inc. (NC) Bank 1 33.6 5.91 32.7 6.17
8 8 Premier Financial Bancorp Inc. (WV) Bank 1 26.0 4.58 25.0 4.72
    Total for institutions in market

  12 567.8   529.9  

FED BANKING MARKET: Harrisonburg, VA-WV
2020 Rank 2019 Rank Institution (Headquarters) Type 2020 Number of Branches 2020 Total Deposits in Market ($M) 2020 Total Market Share (%) 2019 Total Deposits in Market ($M) 2019 Total Market Share (%)
1 1 Truist Financial Corp. (NC) Bank 10 739.6 20.22 647.9 21.30
2 2 F & M Bank Corp. (VA) Bank 7 595.8 16.29 478.8 15.74
3 4 Blue Ridge Bankshares Inc. (VA) Bank 3 500.6 13.68 340.9 11.21
4 3 Wells Fargo & Co. (CA) Bank 5 399.7 10.93 360.9 11.87
5 5 United Bankshares Inc. (WV) Bank 7 270.2 7.39 216.6 7.12
6 6 Bank of America Corporation (NC) Bank 1 205.0 5.61 186.3 6.13
7 7 Allegheny Bancshares Inc. (WV) Bank 3 203.7 5.57 177.9 5.85
8 8 Pioneer Bankshares Inc. (VA) Bank 5 179.6 4.91 158.0 5.20
9 9 Atlantic Union Bkshs Corp. (VA) Bank 3 144.0 3.94 125.9 4.14
10 10 Summit Financial Group Inc. (WV) Bank 3 129.3 3.53 114.0 3.75
    Total for institutions in market

  56 3,658.0   3,041.3  

FED BANKING MARKET: Staunton, VA
2020 Rank 2019 Rank Institution (Headquarters) Type 2020 Number of Branches 2020 Total Deposits in Market ($M) 2020 Total Market Share (%) 2019 Total Deposits in Market ($M) 2019 Total Market Share (%)
1 1 Atlantic Union Bkshs Corp. (VA) Bank 5 461.0 23.27 399.9 22.38
2 2 Truist Financial Corp. (NC) Bank 7 358.6 18.10 348.4 19.50
3 3 First Bancorp Inc. (VA) Bank 3 319.7 16.14 281.4 15.74
4 4 City Holding Co. (WV) Bank 5 239.1 12.07 221.3 12.39
5 5 Frontier Community Bank (VA) Bank 2 121.4 6.13 113.9 6.38
6 6 First National Corp. (VA) Bank 2 92.5 4.67 77.9 4.36
7 7 Summit Financial Group Inc. (WV) Bank 2 79.8 4.03 75.3 4.21
8 8 United Bankshares Inc. (WV) Bank 2 70.4 3.55 59.0 3.30
9 9 Wells Fargo & Co. (CA) Bank 1 61.6 3.11 52.5 2.94
10 13 F & M Bank Corp. (VA) Bank 3 55.9 2.82 33.0 1.84
    Total for institutions in market

  40 1,981.3   1,787.1  

FED BANKING MARKET: Roanoke, VA
2020 Rank 2019 Rank Institution (Headquarters) Type 2020 Number of Branches 2020 Total Deposits in Market ($M) 2020 Total Market Share (%) 2019 Total Deposits in Market ($M) 2019 Total Market Share (%)
1 1 Truist Financial Corp. (NC) Bank 22 2,310.5 25.88 2,043.0 26.21
2 2 Wells Fargo & Co. (CA) Bank 10 2,174.8 24.36 1,862.5 23.89
3 5 Pinnacle Financial Partners (TN) Bank 8 752.3 8.42 586.3 7.52
4 3 Carter Bank & Trust (VA) Bank 16 627.9 7.03 613.5 7.87
5 4 American National Bankshares (VA) Bank 6 623.3 6.98 602.5 7.73
6 6 Atlantic Union Bkshs Corp. (VA) Bank 9 620.4 6.95 544.3 6.98
7 7 First Citizens BancShares Inc. (NC) Bank 9 520.8 5.83 429.1 5.51
8 8 Bank of Botetourt (VA) Bank 9 417.1 4.67 331.0 4.25
9 9 HomeTrust Bancshares Inc. (NC) Bank 6 260.8 2.92 233.0 2.99
10 10 Bank of Fincastle (VA) Bank 6 222.1 2.49 190.2 2.44
    Total for institutions in market

  115 8,929.4   7,794.4  

STATE: Virginia
2020 Rank 2019 Rank Institution (Headquarters) Type 2020 Number of Branches 2020 Total Deposits in Market ($M) 2020 Total Market Share (%) 2019 Total Deposits in Market ($M) 2019 Total Market Share (%)
1 1 Truist Financial Corp. (NC) Bank 436 48,832.2 18.64 43,087.2 20.05
2 3 Bank of America Corporation (NC) Bank 122 43,211.7 16.50 32,506.8 15.12
3 2 Wells Fargo & Co. (CA) Bank 242 40,636.5 15.52 35,067.7 16.31
4 4 Capital One Financial Corp. (VA) Bank 31 34,925.2 13.33 24,820.2 11.55
5 5 Atlantic Union Bkshs Corp. (VA) Bank 128 15,360.2 5.86 12,169.3 5.66
6 6 TowneBank (VA) Bank 32 8,521.7 3.25 7,173.9 3.34
7 7 United Bankshares Inc. (WV) Bank 69 7,490.0 2.86 6,979.3 3.25
8 8 PNC Financial Services Group (PA) Bank 96 5,111.5 1.95 4,020.0 1.87
9 9 Carter Bank & Trust (VA) Bank 70 3,189.9 1.22 3,178.5 1.48
10 11 Toronto-Dominion Bank Bank 24 2,759.0 1.05 1,966.7 0.91
    Total for institutions in market

  2,177 261,907.2   214,952.3  

FED BANKING MARKET: Fredericksburg, VA
2020 Rank 2019 Rank Institution (Headquarters) Type 2020 Number of Branches 2020 Total Deposits in Market ($M) 2020 Total Market Share (%) 2019 Total Deposits in Market ($M) 2019 Total Market Share (%)
1 1 Atlantic Union Bkshs Corp. (VA) Bank 12 1,768.4 38.64 1,279.3 34.95
2 2 Truist Financial Corp. (NC) Bank 9 864.8 18.90 788.3 21.54
3 3 Wells Fargo & Co. (CA) Bank 6 660.0 14.42 557.4 15.23
4 4 Partners Bancorp (MD) Bank 3 357.4 7.81 282.0 7.70
5 5 PNC Financial Services Group (PA) Bank 4 286.7 6.26 235.5 6.43
6 6 Bank of America Corporation (NC) Bank 3 270.3 5.91 222.4 6.08
7 7 United Bankshares Inc. (WV) Bank 3 94.6 2.07 84.6 2.31
8 9 Community Finl Corp. (MD) Bank 1 68.2 1.49 46.7 1.27
9 8 Carter Bank & Trust (VA) Bank 2 55.6 1.21 55.4 1.51
10 11 First Citizens BancShares Inc. (NC) Bank 1 47.3 1.03 25.5 0.70
    Total for institutions in market

  51 4,576.9   3,660.5  

FED BANKING MARKET: Richmond, VA
2020 Rank 2019 Rank Institution (Headquarters) Type 2020 Number of Branches 2020 Total Deposits in Market ($M) 2020 Total Market Share (%) 2019 Total Deposits in Market ($M) 2019 Total Market Share (%)
1 1 Bank of America Corporation (NC) Bank 21 23,837.9 45.32 16,277.1 40.67
2 2 Truist Financial Corp. (NC) Bank 71 9,311.0 17.70 7,773.1 19.42
3 3 Wells Fargo & Co. (CA) Bank 54 7,968.3 15.15 6,735.4 16.83
4 4 Atlantic Union Bkshs Corp. (VA) Bank 26 4,406.4 8.38 3,229.9 8.07
5 5 TowneBank (VA) Bank 8 1,197.8 2.28 1,101.9 2.75
6 6 C&F Financial Corp. (VA) Bank 14 1,063.8 2.02 870.3 2.17
7 7 Community Bankers Trust Corp (VA) Bank 12 773.1 1.47 680.6 1.70
8 8 Southern National Bncp of VA (VA) Bank 10 642.4 1.22 530.8 1.33
9 9 Blue Ridge Bankshares Inc. (VA) Bank 8 640.8 1.22 530.0 1.32
10 10 Village Bank & Trust Finl Corp (VA) Bank 8 568.6 1.08 437.4 1.09
    Total for institutions in market

  294 52,595.4   40,025.8  

FED BANKING MARKET: Charlottesville, VA
2020 Rank 2019 Rank Institution (Headquarters) Type 2020 Number of Branches 2020 Total Deposits in Market ($M) 2020 Total Market Share (%) 2019 Total Deposits in Market ($M) 2019 Total Market Share (%)
1 1 Truist Financial Corp. (NC) Bank 17 1,601.6 23.09 1,411.2 23.99
2 2 Bank of America Corporation (NC) Bank 9 1,438.9 20.75 1,286.3 21.87
3 3 Wells Fargo & Co. (CA) Bank 10 1,298.6 18.72 1,118.5 19.01
4 4 Atlantic Union Bkshs Corp. (VA) Bank 8 879.4 12.68 713.1 12.12
5 5 Virginia National Bkshs Corp. (VA) Bank 6 684.4 9.87 517.0 8.79
6 7 United Bankshares Inc. (WV) Bank 3 261.9 3.78 203.9 3.47
7 6 Blue Ridge Bankshares Inc. (VA) Bank 6 252.5 3.64 207.7 3.53
8 9 First Citizens BancShares Inc. (NC) Bank 3 105.7 1.52 85.3 1.45
9 8 Community Bankers Trust Corp (VA) Bank 1 104.9 1.51 103.1 1.75
10 10 Old Dominion National Bank (VA) Bank 3 84.6 1.22 52.5 0.89
    Total for institutions in market

  82 6,935.5   5,882.1  

FED BANKING MARKET: Essex and Richmond Counties, VA
2020 Rank 2019 Rank Institution (Headquarters) Type 2020 Number of Branches 2020 Total Deposits in Market ($M) 2020 Total Market Share (%) 2019 Total Deposits in Market ($M) 2019 Total Market Share (%)
1 1 Southern National Bncp of VA (VA) Bank 3 271.3 31.12 367.2 40.41
2 2 Atlantic Union Bkshs Corp. (VA) Bank 4 247.0 28.34 216.3 23.81
3 3 Community Bankers Trust Corp (VA) Bank 2 153.0 17.55 143.4 15.78
4 4 C&F Financial Corp. (VA) Bank 3 103.9 11.92 95.4 10.50
5 5 Blue Ridge Bankshares Inc. (VA) Bank 3 96.5 11.07 86.3 9.50
    Total for institutions in market

  15 871.7   908.7  

FED BANKING MARKET: Washington, DC-MD-VA-WV
2020 Rank 2019 Rank Institution (Headquarters) Type 2020 Number of Branches 2020 Total Deposits in Market ($M) 2020 Total Market Share (%) 2019 Total Deposits in Market ($M) 2019 Total Market Share (%)
1 2 Capital One Financial Corp. (VA) Bank 83 49,463.8 18.40 36,694.2 16.62
2 1 Bank of America Corporation (NC) Bank 151 43,778.3 16.28 39,630.4 17.95
3 3 Truist Financial Corp. (NC) Bank 289 38,588.6 14.35 33,117.3 15.00
4 4 Wells Fargo & Co. (CA) Bank 151 36,532.5 13.59 27,815.0 12.60
5 5 PNC Financial Services Group (PA) Bank 179 18,371.9 6.83 14,386.9 6.52
6 7 United Bankshares Inc. (WV) Bank 60 9,375.0 3.49 8,519.4 3.86
7 6 Citigroup Inc. (NY) Bank 32 9,281.0 3.45 8,748.0 3.96
8 8 Sandy Spring Bancorp Inc. (MD) Bank 53 8,658.0 3.22 7,438.4 3.37
9 9 Eagle Bancorp Inc (MD) Bank 20 7,984.8 2.97 7,011.8 3.18
10 10 M&T Bank Corp. (NY) Bank 82 6,506.8 2.42 4,780.4 2.17
13 13 Atlantic Union Bkshs Corp. (VA) Bank 22 3,859.7 1.44 3,140.6 1.42
    Total for institutions in market

  1,475 268,850.4   220,787.6  

FED BANKING MARKET: Newport News-Hampton, VA
2020 Rank 2019 Rank Institution (Headquarters) Type 2020 Number of Branches 2020 Total Deposits in Market ($M) 2020 Total Market Share (%) 2019 Total Deposits in Market ($M) 2019 Total Market Share (%)
1 1 Truist Financial Corp. (NC) Bank 27 2,250.0 26.20 2,151.9 28.46
2 2 TowneBank (VA) Bank 6 1,525.5 17.76 1,285.7 17.01
3 3 Wells Fargo & Co. (CA) Bank 13 1,246.5 14.52 1,080.0 14.29
4 4 Bank of America Corporation (NC) Bank 9 1,071.3 12.47 924.8 12.23
5 5 Old Point Financial Corp. (VA) Bank 16 791.9 9.22 670.4 8.87
6 6 Chesapeake Financial Shares (VA) Bank 8 582.3 6.78 465.4 6.16
7 7 Atlantic Union Bkshs Corp. (VA) Bank 5 289.1 3.37 252.0 3.33
8 8 C&F Financial Corp. (VA) Bank 6 265.1 3.09 222.6 2.94
9 9 Farmers Bankshares Inc. (VA) Bank 2 218.2 2.54 205.2 2.71
10 10 Southern National Bncp of VA (VA) Bank 5 194.2 2.26 158.4 2.09
    Total for institutions in market

  108 8,587.7   7,560.1  

FED BANKING MARKET: NA
2020 Rank 2019 Rank Institution (Headquarters) Type 2020 Number of Branches 2020 Total Deposits in Market ($M) 2020 Total Market Share (%) 2019 Total Deposits in Market ($M) 2019 Total Market Share (%)
    Total for institutions in market

  .0   .0  

FED BANKING MARKET: Northumberland County, VA
2020 Rank 2019 Rank Institution (Headquarters) Type 2020 Number of Branches 2020 Total Deposits in Market ($M) 2020 Total Market Share (%) 2019 Total Deposits in Market ($M) 2019 Total Market Share (%)
1 1 Southern National Bncp of VA (VA) Bank 2 110.1 52.11 104.5 52.23
2 2 Atlantic Union Bkshs Corp. (VA) Bank 1 52.1 24.66 48.4 24.21
3 3 Community Bankers Trust Corp (VA) Bank 1 24.5 11.62 24.5 12.22
4 4 Blue Ridge Bankshares Inc. (VA) Bank 1 24.5 11.61 22.7 11.34
    Total for institutions in market

  5 211.3   200.1  

FED BANKING MARKET: Lancaster, VA
2020 Rank 2019 Rank Institution (Headquarters) Type 2020 Number of Branches 2020 Total Deposits in Market ($M) 2020 Total Market Share (%) 2019 Total Deposits in Market ($M) 2019 Total Market Share (%)
1 1 Chesapeake Financial Shares (VA) Bank 6 261.8 48.29 278.5 53.10
2 2 Blue Ridge Bankshares Inc. (VA) Bank 2 190.7 35.17 175.0 33.36
3 3 Atlantic Union Bkshs Corp. (VA) Bank 1 59.2 10.92 50.3 9.59
4 4 Southern National Bncp of VA (VA) Bank 1 29.0 5.35 19.8 3.77
5 5 Woodforest Financial Grp Inc. (TX) Bank 1 1.4 0.26 0.9 0.18
    Total for institutions in market

  11 542.1   524.4