Charlotte-based Bank of America Corp. again takes the top spot in its home county’s market share, while Wells Fargo & Co. secured its place in second, according to the latest data from the Federal Deposit Insurance Corp.
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Bank of America holds 79.75% of the market share in Mecklenburg County as of June 30, a slight decrease from 79.81% in 2017. The nation’s second-largest bank reports $158.76 billion in local deposits, which again, is slightly down from 2017’s $160.88 billion, according to FDIC data.
Wells Fargo appears to be losing a little traction in Mecklenburg County, as well. FDIC data places the bank in second place here with 14.31% of the market share, down from 14.66% as of June 30, 2017.
Wells Fargo’s local deposits were also down year over year by just under $1 billion, coming in at a total of nearly $28.5 billion in the latest FDIC report.
Find out how other banks stacked up in the latest report here.
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