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FinObservatory

County banking markets / FL / 12103

PinellasFlorida

FIPS 12103. 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.

237
Branch offices
June 30, 2025
32
Institutions
37 in 1994
735
Branch-count HHI
unconcentrated (2010 HMG)
3,099
Deposit HHI
see the caveat below
Read the deposit HHI here with care. Raymond James Bank books 54.0% of this county’s SOD deposits from 1 of 237 branch offices (0.4% of them). The Fed calls this pattern central booking. The deposit HHI here reads 3,099, the branch-count HHI 735. These pages lead with the branch measure, which central booking cannot move.

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 (735) and highly concentrated on deposits (3,099).

Branch-count HHIDeposit HHI
01,0002,0003,0004,0001,800 (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

326 branch offices and 37 institutions in 1994; 237 and 32 in 2025. Deposits booked in the county went from $13.52B to $71.06B, 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
1Raymond James Bank cert 33893$38.36B53.97%10.42%
2Bank of America, National Association cert 3510$5.37B7.56%218.86%
3Wells Fargo Bank, National Association cert 3511$4.16B5.85%2510.55%
4Regions Bank cert 12368$3.93B5.53%2711.39%
5Truist Bank cert 9846$3.78B5.32%2811.81%
6JPMorgan Chase Bank, National Association cert 628$2.80B3.94%2610.97%
7Fifth Third Bank, National Association cert 6672$1.40B1.97%208.44%
8Valley National Bank cert 9396$1.37B1.93%83.38%
9Bank OZK cert 110$1.19B1.68%93.80%
10Hancock Whitney Bank cert 12441$890.5M1.25%52.11%
11BayFirst National Bank cert 34997$774.7M1.09%52.11%
12EverBank, National Association cert 34775$750.7M1.06%10.42%
13Synovus Bank cert 873$744.9M1.05%72.95%
14Climate First Bank cert 59257$658.1M0.93%10.42%
15TD Bank, National Association cert 18409$647.1M0.91%83.38%
16Third Federal Savings and Loan Association of Cleveland cert 30012$587.7M0.83%31.27%
17Flagship Bank cert 58113$539.7M0.76%52.11%
18PNC Bank, National Association cert 6384$524.5M0.74%72.95%
19First Horizon Bank cert 4977$420.9M0.59%20.84%
20Republic Bank & Trust Company cert 23627$318.0M0.45%41.69%
21Seacoast National Bank cert 131$310.8M0.44%31.27%
22Waterfall Bank cert 59265$305.8M0.43%10.42%
23The Bank of Tampa cert 21031$253.7M0.36%31.27%
24BankUnited, National Association cert 58979$237.8M0.33%31.27%
25SouthState Bank, National Association cert 33555$208.6M0.29%20.84%
26First-Citizens Bank & Trust Company cert 11063$167.1M0.24%31.27%
27Centennial Bank cert 11241$145.1M0.20%31.27%
28Cogent Bank cert 34908$117.4M0.17%10.42%
29Cadence Bank cert 11813$55.2M0.08%10.42%
30Stearns Bank National Association cert 10988$28.2M0.04%10.42%
31American Momentum Bank cert 58309$25.4M0.04%20.84%
32The Northern Trust Company cert 913$6K0.00%10.42%

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.