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FinObservatory

County banking markets / NC / 37119

MecklenburgNorth Carolina

FIPS 37119. Branch offices reported to the FDIC Summary of Deposits, June 30 of each survey year, 19942025. One of 98 counties in North Carolina’s 2025 survey.

243
Branch offices
June 30, 2025
36
Institutions
21 in 1994
845
Branch-count HHI
unconcentrated (2010 HMG)
5,359
Deposit HHI
see the caveat below
Read the deposit HHI here with care. Bank of America, National Association books 70.4% of this county’s SOD deposits from 28 of 243 branch offices (11.5% of them). The Fed calls this pattern central booking. The deposit HHI here reads 5,359, the branch-count HHI 845. 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 (845) and highly concentrated on deposits (5,359).

Branch-count HHIDeposit HHI
02,0004,0006,0008,0001,800 (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

218 branch offices and 21 institutions in 1994; 243 and 36 in 2025. Deposits booked in the county went from $9.85B to $452.11B, nominal.

Branch officesInstitutions
010020030019942000201020202025

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
1Bank of America, National Association cert 3510$318.27B70.40%2811.52%
2Truist Bank cert 9846$85.34B18.88%3112.76%
3Wells Fargo Bank, National Association cert 3511$30.62B6.77%3815.64%
4Fifth Third Bank, National Association cert 6672$3.91B0.87%3012.35%
5First-Citizens Bank & Trust Company cert 11063$2.26B0.50%177.00%
6PNC Bank, National Association cert 6384$2.00B0.44%93.70%
7Pinnacle Bank cert 35583$1.28B0.28%52.06%
8TowneBank cert 35095$1.07B0.24%31.23%
9SouthState Bank, National Association cert 33555$1.00B0.22%31.23%
10Regions Bank cert 12368$986.3M0.22%41.65%
11First National Bank of Pennsylvania cert 7888$920.0M0.20%83.29%
12JPMorgan Chase Bank, National Association cert 628$908.7M0.20%156.17%
13First Horizon Bank cert 4977$476.7M0.11%41.65%
14TD Bank, National Association cert 18409$470.3M0.10%52.06%
15Bank OZK cert 110$345.4M0.08%20.82%
16U.S. Bank National Association cert 6548$322.7M0.07%62.47%
17United Community Bank cert 16889$308.9M0.07%52.06%
18First Bank cert 15019$209.5M0.05%31.23%
19Dogwood State Bank cert 57095$191.9M0.04%10.41%
20The Park National Bank cert 6653$179.0M0.04%10.41%
21New Republic Bank cert 34860$144.8M0.03%10.41%
22Ameris Bank cert 20504$123.9M0.03%10.41%
23The Huntington National Bank cert 6560$103.8M0.02%20.82%
24ServisFirst Bank cert 57993$102.3M0.02%20.82%
25Peoples Bank cert 5956$99.3M0.02%20.82%
26United Bank cert 22858$81.4M0.02%10.41%
27HomeTrust Bank cert 27677$75.5M0.02%20.82%
28Southern First Bank cert 35295$56.0M0.01%10.41%
29Uwharrie Bank cert 24919$49.9M0.01%10.41%
30Carter Bank & Trust cert 58596$46.1M0.01%10.41%
31Oakworth Capital Bank cert 58783$46.1M0.01%10.41%
32ENCORE BANK cert 34562$41.4M0.01%10.41%
33Mechanics & Farmers Bank cert 12266$32.4M0.01%10.41%
34Woodforest National Bank cert 23220$30.3M0.01%62.47%
35Cedar Hill National Bank cert 34478$2.0M0.00%10.41%
36Flagstar Bank, National Association cert 32541$0K0.00%10.41%

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 North Carolina, or read the methodology for the two HHI constructions and what they cannot tell you.