County banking markets / MD / 24021
FrederickMaryland
FIPS 24021. Branch offices reported to the FDIC Summary of Deposits, June 30 of each survey year, 1994–2025. One of 24 counties in Maryland’s 2025 survey.
Concentration, 1994–2025
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 (1,064) and unconcentrated on deposits (1,377).
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
65 branch offices and 17 institutions in 1994; 58 and 16 in 2025. Deposits booked in the county went from $1.60B to $6.38B, nominal.
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.
| # | Institution | Deposits | Deposit share | Branches | Branch share |
|---|---|---|---|---|---|
| 1 | PNC Bank, National Association cert 6384 | $1.70B | 26.67% | 11 | 18.97% |
| 2 | Truist Bank cert 9846 | $1.03B | 16.18% | 10 | 17.24% |
| 3 | Bank of America, National Association cert 3510 | $797.0M | 12.49% | 4 | 6.90% |
| 4 | Manufacturers and Traders Trust Company cert 588 | $495.7M | 7.77% | 6 | 10.34% |
| 5 | Atlantic Union Bank cert 34589 | $426.6M | 6.69% | 3 | 5.17% |
| 6 | Woodsboro Bank cert 5873 | $424.9M | 6.66% | 5 | 8.62% |
| 7 | Middletown Valley Bank cert 14017 | $398.5M | 6.25% | 4 | 6.90% |
| 8 | Capital One, National Association cert 4297 | $308.8M | 4.84% | 2 | 3.45% |
| 9 | ACNB Bank cert 7506 | $253.3M | 3.97% | 4 | 6.90% |
| 10 | First United Bank & Trust cert 4857 | $217.8M | 3.41% | 3 | 5.17% |
| 11 | Wells Fargo Bank, National Association cert 3511 | $174.2M | 2.73% | 1 | 1.72% |
| 12 | WesBanco Bank, Inc. cert 803 | $53.5M | 0.84% | 1 | 1.72% |
| 13 | JPMorgan Chase Bank, National Association cert 628 | $37.5M | 0.59% | 1 | 1.72% |
| 14 | Fulton Bank, National Association cert 7551 | $37.0M | 0.58% | 1 | 1.72% |
| 15 | Presidential Bank, FSB cert 32363 | $17.6M | 0.28% | 1 | 1.72% |
| 16 | Woodforest National Bank cert 23220 | $3.6M | 0.06% | 1 | 1.72% |
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 Maryland, or read the methodology for the two HHI constructions and what they cannot tell you.