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FinObservatory

County banking markets / FL / 12057

HillsboroughFlorida

FIPS 12057. Branch offices reported to the FDIC Summary of Deposits, June 30 of each survey year, 19942025. One of 67 counties in Florida’s 2025 survey.

257
Branch offices
June 30, 2025
48
Institutions
38 in 1994
684
Branch-count HHI
unconcentrated (2010 HMG)
932
Deposit HHI
see the caveat below

Concentration, 19942025

Branch-count HHI squares each institution’s share of the county’s branch offices; deposit HHI squares its share of county deposits. The bands are the 2010 Horizontal Merger Guidelines classification, the dashed line the 1,800 level above which the Federal Reserve reviews a merger centrally. In 2025 this market is unconcentrated on branches (684) and unconcentrated on deposits (932).

Branch-count HHIDeposit HHI
01,0002,0003,0001,800 (Fed screen)19942000201020202025

Source: FDIC Summary of Deposits | DOJ & FTC, Horizontal Merger Guidelines (2010), section 5.3 | Federal Reserve, Competitive Effects of Mergers and Acquisitions FAQs Both indices computed from the SOD branch rows for this county, June 30 of each survey year. Neither is the Fed's screen HHI: no thrift weighting, no exclusion of specialty and internet banks, no central-booking adjustment. Methodology

Branches and institutions

205 branch offices and 38 institutions in 1994; 257 and 48 in 2025. Deposits booked in the county went from $8.99B to $44.94B, nominal.

Branch officesInstitutions
010020030040019942000201020202025

Source: FDIC Summary of Deposits FDIC Summary of Deposits, June 30 of each survey year, 1994-2025. Methodology

Who holds the deposits, 2025

Every institution with a branch in the county, ranked by deposits booked here. Both shares are shown because they are the two indices above: squaring and summing the deposit column gives the deposit HHI, the branch column the branch-count HHI.

#InstitutionDepositsDeposit shareBranchesBranch share
1Truist Bank cert 9846$7.01B15.59%3312.84%
2Bank of America, National Association cert 3510$6.86B15.26%3112.06%
3Wells Fargo Bank, National Association cert 3511$6.53B14.53%218.17%
4JPMorgan Chase Bank, National Association cert 628$3.95B8.79%2710.51%
5Regions Bank cert 12368$2.77B6.16%218.17%
6Fifth Third Bank, National Association cert 6672$2.62B5.82%197.39%
7Valley National Bank cert 9396$2.57B5.71%62.33%
8The Bank of Tampa cert 21031$2.37B5.28%83.11%
9Synovus Bank cert 873$1.43B3.19%41.56%
10PNC Bank, National Association cert 6384$1.27B2.83%93.50%
11TD Bank, National Association cert 18409$923.5M2.05%114.28%
12SouthState Bank, National Association cert 33555$701.5M1.56%51.95%
13Bank OZK cert 110$667.4M1.48%62.33%
14BMO Bank National Association cert 16571$646.2M1.44%31.17%
15ServisFirst Bank cert 57993$464.0M1.03%10.39%
16Cadence Bank cert 11813$459.2M1.02%31.17%
17The Northern Trust Company cert 913$394.1M0.88%10.39%
18TCM Bank, National Association cert 34535$285.5M0.64%10.39%
19Seacoast National Bank cert 131$273.0M0.61%31.17%
20Centennial Bank cert 11241$230.0M0.51%51.95%
21First Horizon Bank cert 4977$214.5M0.48%31.17%
22BankUnited, National Association cert 58979$212.0M0.47%10.39%
23Cogent Bank cert 34908$206.1M0.46%10.39%
24Republic Bank & Trust Company cert 23627$174.2M0.39%20.78%
25Central Bank cert 58377$161.8M0.36%10.39%
26First-Citizens Bank & Trust Company cert 11063$156.6M0.35%31.17%
27American Momentum Bank cert 58309$143.4M0.32%20.78%
28BayFirst National Bank cert 34997$139.0M0.31%20.78%
29Bank of Central Florida cert 58479$121.0M0.27%20.78%
30Hancock Whitney Bank cert 12441$118.8M0.26%20.78%
31Renasant Bank cert 12437$117.6M0.26%10.39%
32Third Federal Savings and Loan Association of Cleveland cert 30012$105.5M0.23%10.39%
33Amerant Bank, National Association cert 22953$101.1M0.23%10.39%
34Century Bank of Florida cert 35558$87.7M0.20%10.39%
35ENCORE BANK cert 34562$81.1M0.18%10.39%
36INB, National Association cert 3664$78.4M0.17%10.39%
37Citizens Bank and Trust cert 5673$74.0M0.16%20.78%
38TrustCo Bank cert 31945$73.4M0.16%20.78%
39First Foundation Bank cert 58647$54.3M0.12%10.39%
40Florida Capital Bank, National Association cert 26323$26.7M0.06%10.39%
41United Community Bank cert 16889$22.2M0.05%10.39%
42Beal Bank USA cert 57833$19.2M0.04%10.39%
43Metro City Bank cert 58181$17.3M0.04%10.39%
44BankFlorida cert 58537$11.2M0.02%10.39%
45Woodforest National Bank cert 23220$790K0.00%10.39%
46Members Trust Company cert 57470$500K0.00%10.39%
47BNY Mellon, National Association cert 7946$0K0.00%10.39%
48CIBC National Trust Company cert 91325$0K0.00%10.39%

Source: FDIC Summary of Deposits June 30, 2025. Branch rows grouped by FDIC certificate; names as reported to the survey. Deposit share is n/a where the county's total SOD deposits are zero. Methodology

Back to county banking markets, up to Florida, or read the methodology for the two HHI constructions and what they cannot tell you.