County banking markets / MD / 24031
MontgomeryMaryland
FIPS 24031. 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 (770) and unconcentrated on deposits (938).
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
314 branch offices and 38 institutions in 1994; 223 and 28 in 2025. Deposits booked in the county went from $12.27B to $55.50B, 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 | Capital One, National Association cert 4297 | $7.55B | 13.61% | 24 | 10.76% |
| 2 | Bank of America, National Association cert 3510 | $7.17B | 12.91% | 23 | 10.31% |
| 3 | EagleBank cert 34742 | $6.85B | 12.34% | 7 | 3.14% |
| 4 | Atlantic Union Bank cert 34589 | $6.57B | 11.83% | 20 | 8.97% |
| 5 | Forbright Bank cert 57614 | $6.01B | 10.83% | 3 | 1.35% |
| 6 | Truist Bank cert 9846 | $5.00B | 9.01% | 27 | 12.11% |
| 7 | Wells Fargo Bank, National Association cert 3511 | $3.10B | 5.59% | 17 | 7.62% |
| 8 | Manufacturers and Traders Trust Company cert 588 | $2.17B | 3.90% | 23 | 10.31% |
| 9 | Citibank, National Association cert 7213 | $2.05B | 3.69% | 7 | 3.14% |
| 10 | Capital Bank, National Association cert 35278 | $1.80B | 3.24% | 2 | 0.90% |
| 11 | PNC Bank, National Association cert 6384 | $1.61B | 2.90% | 17 | 7.62% |
| 12 | TD Bank, National Association cert 18409 | $1.42B | 2.56% | 8 | 3.59% |
| 13 | United Bank cert 22858 | $1.23B | 2.22% | 4 | 1.79% |
| 14 | JPMorgan Chase Bank, National Association cert 628 | $963.6M | 1.74% | 15 | 6.73% |
| 15 | Presidential Bank, FSB cert 32363 | $674.6M | 1.22% | 3 | 1.35% |
| 16 | First National Bank of Pennsylvania cert 7888 | $314.9M | 0.57% | 5 | 2.24% |
| 17 | WesBanco Bank, Inc. cert 803 | $283.4M | 0.51% | 3 | 1.35% |
| 18 | Citizens Bank, National Association cert 57957 | $167.8M | 0.30% | 4 | 1.79% |
| 19 | Cathay Bank cert 18503 | $107.6M | 0.19% | 1 | 0.45% |
| 20 | John Marshall Bank cert 58243 | $88.0M | 0.16% | 1 | 0.45% |
| 21 | Primis Bank cert 57968 | $84.1M | 0.15% | 1 | 0.45% |
| 22 | Fulton Bank, National Association cert 7551 | $82.3M | 0.15% | 1 | 0.45% |
| 23 | FVCbank cert 58696 | $53.2M | 0.10% | 1 | 0.45% |
| 24 | The Harbor Bank of Maryland cert 24015 | $48.6M | 0.09% | 1 | 0.45% |
| 25 | Trustar Bank cert 59183 | $48.0M | 0.09% | 2 | 0.90% |
| 26 | Peoples Bank cert 6544 | $38.7M | 0.07% | 1 | 0.45% |
| 27 | The National Capital Bank of Washington cert 2093 | $27.7M | 0.05% | 1 | 0.45% |
| 28 | Pinnacle Bank cert 35583 | $4.8M | 0.01% | 1 | 0.45% |
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.