North Carolina
Branch-office deposits reported to the FDIC Summary of Deposits survey by institutions operating in North Carolina, June 30 of each survey year, 1994–2025. Dollar figures are the survey’s thousands-of-USD unit displayed as $B/$T.
Deposits, 1994–2025
Office-assigned deposits at branches in North Carolina went from $68.83B in 1994 to $726.35B in 2025, nominal.
Source: FDIC Summary of Deposits FDIC Summary of Deposits, June 30 of each survey year, 1994-2025. State-level aggregate of branch rows. Methodology
Branches and institutions
The branch network in North Carolina peaked at 2,790 offices in 2009; the 2025 survey counts 1,989. The institution count moved from 150 (1994) to 86 (2025).
Source: FDIC Summary of Deposits FDIC Summary of Deposits, June 30 of each survey year, 1994-2025. Methodology
Deposit concentration (HHI)
Statewide institution-share HHI: the sum of squared percent shares of each institution’s in-state deposits, 0–10,000. The shaded bands are the agencies’ 2010 Horizontal Merger Guidelines classification (section 5.3): unconcentrated below 1,500, moderately concentrated 1,500–2,500, highly concentrated above 2,500. The dashed line marks the 2023 Merger Guidelines threshold, under which markets with an HHI above 1,800 are highly concentrated (Guideline 1). North Carolina’s HHI is 2626 in 2025 (highly concentrated on the 2010 bands), against 835 in 1994 and a span peak of 2873 in 2012. A statewide HHI is descriptive: merger review defines banking markets locally, not by state.
Source: FDIC Summary of Deposits | DOJ & FTC, Horizontal Merger Guidelines (2010), section 5.3 | DOJ & FTC, Merger Guidelines (2023), Guideline 1 HHI computed from FDIC Summary of Deposits branch rows, June 30 of each survey year, 1994-2025. Methodology
Largest institutions by in-state deposits, 2025
Branch rows grouped by FDIC certificate; names as reported to the survey. Share is of all SOD deposits booked in North Carolina that year, the same shares the statewide HHI squares and sums.
| # | Institution | Deposits | Share | Branches |
|---|---|---|---|---|
| 1 | Bank of America, National Association cert 3510 | $333.24B | 45.88% | 109 |
| 2 | Truist Bank cert 9846 | $125.28B | 17.25% | 276 |
| 3 | First-Citizens Bank & Trust Company cert 11063 | $85.35B | 11.75% | 200 |
| 4 | Wells Fargo Bank, National Association cert 3511 | $61.15B | 8.42% | 220 |
| 5 | Live Oak Banking Company cert 58665 | $12.64B | 1.74% | 1 |
| 6 | PNC Bank, National Association cert 6384 | $11.46B | 1.58% | 102 |
| 7 | First Bank cert 15019 | $9.51B | 1.31% | 101 |
| 8 | First National Bank of Pennsylvania cert 7888 | $8.91B | 1.23% | 93 |
| 9 | Fifth Third Bank, National Association cert 6672 | $7.68B | 1.06% | 81 |
| 10 | First Horizon Bank cert 4977 | $7.10B | 0.98% | 79 |
Source: FDIC Summary of Deposits FDIC Summary of Deposits, June 30, 2025. Deposits are office-assigned; an institution's internal allocation practices shape where its balances appear. Methodology
County concentration extremes, 2025
The most and least concentrated of North Carolina’s 98 counties in the survey, by county-level deposit HHI. A county served by a single institution sits at the 10,000 ceiling by construction; thin county markets are the norm outside metros.
Most concentrated
| County | HHI | Inst. | Branches |
|---|---|---|---|
| Bertie | 10000 | 1 | 1 |
| Camden | 10000 | 1 | 1 |
| Gates | 10000 | 1 | 1 |
| Greene | 10000 | 1 | 1 |
| Hyde | 10000 | 1 | 2 |
Least concentrated
| County | HHI | Inst. | Branches |
|---|---|---|---|
| Iredell | 959 | 19 | 41 |
| Pitt | 1194 | 13 | 32 |
| Watauga | 1232 | 14 | 16 |
| Buncombe | 1237 | 21 | 65 |
| Guilford | 1245 | 21 | 101 |
Source: FDIC Summary of Deposits FDIC Summary of Deposits, June 30, 2025. County HHIs use institution shares of summed branch deposits within the county. Methodology
Back to the national overview, or see the methodology for the survey definition, the HHI construction, and the office-assignment caveat.