WINSTON-SALEM — Deposits booked to bank branches across the Triad rose by $1.35 billion over the past year, while Huntington National Bank and JPMorgan Chase more than doubled their local totals as both expanded their branch networks.
NC Business Desk reproduced the change from the Federal Deposit Insurance Corp.’s annual Summary of Deposits records. Across Alamance, Caswell, Davidson, Davie, Forsyth, Guilford, Montgomery, Randolph, Rockingham, Stokes, Surry and Yadkin counties, deposits increased from $35.70 billion in 2025 to $37.05 billion in 2026, a 3.8% gain. The number of offices rose from 327 to 332.
Truist remained the region’s largest deposit holder at $8.67 billion, up $485.2 million, with 48 offices. Wells Fargo ranked second at $6.03 billion, and Pinnacle Bank ranked third at $3.69 billion after adding $288.2 million. Those figures are based on deposits assigned to branches in the 12-county market as of June 30 in each year.
The fastest percentage growth came from smaller local bases. Huntington rose from $19.3 million at one office to $89.5 million at four offices, a 363% increase. JPMorgan Chase rose from $57.8 million at three offices to $122.5 million at six offices, a 112% increase. Even after those gains, the two banks together held less than 1% of the region’s branch deposits.
Triad Business Journal independently reported the strong gains by Huntington and JPMorgan and Truist’s nearly $500 million increase. The publication’s reporting and the FDIC records point to a more competitive local funding market as national and regional banks add offices.
Summary of Deposits figures measure where banks assign deposits, not necessarily where every customer lives or conducts business. A bank can move large corporate or institutional balances among branches, so year-to-year changes should not be read as a direct measure of household saving or customer migration.
The business consequence is a larger Triad deposit base and sharper competition for local funding. The $1.35 billion market increase gives banks more branch-booked resources for lending and investment, while the gains by Huntington and JPMorgan show how quickly newer competitors can expand from a small base.
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