County banking markets / VA / 51515
Bedford (City)Virginia
FIPS 51515. Branch offices reported to the FDIC Summary of Deposits, June 30 of each survey year, 1994–2013. Not in the 2025 survey: no SOD branch has been reported under this code since 2013. Virginia has 133 counties in that survey; this code is not among them.
This FIPS code is retired. Bedford (City) reverted to a town within Bedford County. It last appears in the 2013 survey. The successor code is 51019. The retired-FIPS register flags this code as a Census geography change.
Concentration, 1994–2013
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 2013 this market is unconcentrated on branches (1,400) and moderately concentrated on deposits (1,748).
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
7 branch offices and 5 institutions in 1994; 10 and 8 in 2013. Deposits booked in the county went from $221.8M to $440.6M, nominal.
Source: FDIC Summary of Deposits FDIC Summary of Deposits, June 30 of each survey year, 1994-2013. Methodology
Who holds the deposits, 2013
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 | Wells Fargo Bank, National Association cert 3511 | $100.9M | 22.90% | 2 | 20.00% |
| 2 | Carter Bank & Trust cert 58596 | $90.0M | 20.42% | 2 | 20.00% |
| 3 | StellarOne Bank cert 6834 | $87.6M | 19.88% | 1 | 10.00% |
| 4 | First-Citizens Bank & Trust Company cert 11063 | $67.6M | 15.34% | 1 | 10.00% |
| 5 | SunTrust Bank cert 867 | $52.1M | 11.83% | 1 | 10.00% |
| 6 | Bank of the James cert 35207 | $21.5M | 4.88% | 1 | 10.00% |
| 7 | American National Bank and Trust Company cert 6837 | $13.5M | 3.05% | 1 | 10.00% |
| 8 | The Bank of Fincastle cert 6128 | $7.5M | 1.70% | 1 | 10.00% |
Source: FDIC Summary of Deposits June 30, 2013. 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.