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FinObservatory

County banking markets / VA / 51059

FairfaxVirginia

FIPS 51059. Branch offices reported to the FDIC Summary of Deposits, June 30 of each survey year, 19942025. One of 133 counties in Virginia’s 2025 survey.

245
Branch offices
June 30, 2025
39
Institutions
32 in 1994
722
Branch-count HHI
unconcentrated (2010 HMG)
2,832
Deposit HHI
see the caveat below
Read the deposit HHI here with care. Capital One, National Association books 50.0% of this county’s SOD deposits from 12 of 245 branch offices (4.9% of them). The Fed calls this pattern central booking. The deposit HHI here reads 2,832, the branch-count HHI 722. 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 (722) and highly concentrated on deposits (2,832).

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

244 branch offices and 32 institutions in 1994; 245 and 39 in 2025. Deposits booked in the county went from $7.69B to $122.44B, 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
1Capital One, National Association cert 4297$61.24B50.01%124.90%
2Truist Bank cert 9846$14.49B11.84%3514.29%
3Wells Fargo Bank, National Association cert 3511$13.00B10.62%3012.24%
4Bank of America, National Association cert 3510$8.28B6.77%239.39%
5United Bank cert 22858$4.33B3.53%176.94%
6Atlantic Union Bank cert 34589$2.33B1.90%114.49%
7Pinnacle Bank cert 35583$2.14B1.75%10.41%
8PNC Bank, National Association cert 6384$2.13B1.74%197.76%
9Citibank, National Association cert 7213$1.82B1.48%62.45%
10FVCbank cert 58696$1.44B1.18%31.22%
11Chain Bridge Bank, National Association cert 58595$1.29B1.06%10.41%
12Burke & Herbert Bank & Trust Company cert 11578$1.25B1.02%135.31%
13TD Bank, National Association cert 18409$1.17B0.96%104.08%
14Primis Bank cert 57968$889.1M0.73%10.41%
15JPMorgan Chase Bank, National Association cert 628$820.4M0.67%166.53%
16Trustar Bank cert 59183$786.3M0.64%31.22%
17John Marshall Bank cert 58243$777.0M0.63%20.82%
18Old Dominion National Bank cert 58504$738.1M0.60%10.41%
19Manufacturers and Traders Trust Company cert 588$520.1M0.42%114.49%
20MainStreet Bank cert 57742$431.3M0.35%20.82%
21HSBC Bank USA, National Association cert 57890$385.9M0.32%10.41%
22EagleBank cert 34742$304.5M0.25%10.41%
23Woori America Bank cert 24920$303.3M0.25%20.82%
24Capital Bank, National Association cert 35278$253.9M0.21%10.41%
25LINKBANK cert 14863$213.5M0.17%10.41%
26MVB Bank, Inc cert 34603$192.7M0.16%10.41%
27City National Bank cert 17281$162.8M0.13%10.41%
28The Freedom Bank of Virginia cert 57184$129.4M0.11%31.22%
29PromiseOne Bank cert 58657$129.2M0.11%20.82%
30Metro City Bank cert 58181$100.3M0.08%20.82%
31Presidential Bank, FSB cert 32363$92.1M0.08%31.22%
32Citizens Bank, National Association cert 57957$78.7M0.06%10.41%
33First-Citizens Bank & Trust Company cert 11063$64.2M0.05%10.41%
34Fulton Bank, National Association cert 7551$64.1M0.05%20.82%
35Hanmi Bank cert 24170$53.8M0.04%10.41%
36First National Bank of Pennsylvania cert 7888$34.4M0.03%20.82%
37Somerset Trust Company cert 11112$16.9M0.01%10.41%
38Members Trust Company cert 57470$0K0.00%10.41%
39Bank Of Clarke cert 6123$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 Virginia, or read the methodology for the two HHI constructions and what they cannot tell you.