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October 2, 2018

County bank deposits rise $159 million in a year

File Photo/Lawrence Emerson
The Fauquier Bank maintained the top position in deposits, with $464 million on June 30.
Deposits in Fauquier bank branches increased 9.1 percent in a year, according to an industry report released recently.

As of June 30, the county’s banking offices held $1.9 billion of customers’ funds, the Federal Deposit Insurance Corp. reported in its annual market share study.

A year earlier, the total stood at $1.74 billion.

That amount grew by $159 million in 12 months.

The county had 22 bank branches at the end of June, three fewer than a year earlier.

The Fauquier Bank remained in the top position, with $464.3 million in deposits, accounting for a 24.4-percent market share.

BB&T and Capital One also had double-digit shares of the county market — 18.7 and 14.7 percent, respectively — based on deposits in local branches.

The 2018 FDIC market share report for Fauquier:

• $464.6 million — The Fauquier Bank, 6 offices here.

• $355.7 million — BB&T, 4 offices.

• $280.8 million — Capital One, 1 office.

• $186.3 million — Union Bank & Trust, 2 offices.

• $166.4 million — Oak View National Bank, 2 offices.

• $117.6 million — Wells Fargo Bank, 1 office.

• $101.2 million — Access National Bank (Middleburg), 2 offices.

• $84.5 million — SunTrust Bank, 1 office.

• $76.2 million — PNC Bank, 1 office.

• $44.8 million — Sonabank, 1 office.

• $25.1 million — Summit Community Bank, 1 office.
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