Branch Presence
Banks with Branches in Florence, AL
First Southern Bank is the biggest bank in Florence, AL, with $453.2M in deposits at its Florence branches, 21.8% of the city's total as of the June 30, 2026 FDIC Summary of Deposits.
15 banks operate 25 branches in Florence, AL, ranked below by local branch count from the FDIC Summary of Deposits. This counts every bank with a branch here, not only banks headquartered locally.
Deposit share is each bank's share of the $2.08B held in Florence, AL, as of the June 30, 2026 FDIC Summary of Deposits, ranked by deposits (#1 is largest). Banks that book deposits at a headquarters branch can show a share that exceeds their local customer base.
| Bank | Branches in Florence | Local deposits | Deposit share |
|---|---|---|---|
| Bank Independent | 4 | $427.3M | 20.5% (#2) |
| First Metro Bank | 4 | $188.4M | 9.1% (#3) |
| First Southern Bank | 2 | $453.2M | 21.8% (#1) |
| Regions Bank | 2 | $170.1M | 8.2% (#4) |
| CB&S Bank, Inc. | 2 | $104.2M | 5.0% (#9) |
| PNC Bank, N.A. | 2 | $52.1M | 2.5% (#11) |
| Truist Bank | 1 | $164.8M | 7.9% (#5) |
| FirstBank | 1 | $154.7M | 7.4% (#6) |
| United Community Bank | 1 | $126.8M | 6.1% (#7) |
| Wells Fargo Bank, N.A. | 1 | $114.7M | 5.5% (#8) |
| Farmers & Merchants Bank | 1 | $53.0M | 2.5% (#10) |
| River Bank & Trust | 1 | $43.7M | 2.1% (#12) |
| Peoplestrust Bank | 1 | $19.0M | 0.9% (#13) |
| Renasant Bank | 1 | $6.6M | 0.3% (#14) |
| JPMorgan Chase Bank, N.A. | 1 | $3.2M | 0.2% (#15) |
County deposit market: Lauderdale, AL
The $2.62B held across 16 FDIC-insured banks in this county, as of the June 30, 2026 FDIC Summary of Deposits. The 10 largest are shown; see every bank in the Lauderdale, AL market with its change from a year earlier. Banks only: credit unions are not in the Summary of Deposits.
| Rank | Bank | Deposit share | Deposits | Branches |
|---|---|---|---|---|
| 1 | Bank Independent | 24.5% | $640.3M | 7 |
| 2 | First Southern Bank | 19.6% | $513.3M | 3 |
| 3 | First Metro Bank | 9.5% | $249.5M | 5 |
| 4 | Regions Bank | 8.4% | $221.0M | 3 |
| 5 | CB&S Bank, Inc. | 6.9% | $179.7M | 3 |
| 6 | Truist Bank | 6.3% | $164.8M | 1 |
| 7 | FirstBank | 5.9% | $154.7M | 1 |
| 8 | United Community Bank | 4.8% | $126.8M | 1 |
| 9 | Wells Fargo Bank, N.A. | 4.4% | $114.7M | 1 |
| 10 | Farmers & Merchants Bank | 3.3% | $86.5M | 2 |
Metro area deposit market: Florence-Muscle Shoals, AL
The $3.94B held across 16 FDIC-insured banks in this metro area, as of the June 30, 2026 FDIC Summary of Deposits. The 10 largest are shown; see every bank in the Florence-Muscle Shoals, AL market with its change from a year earlier. Banks only: credit unions are not in the Summary of Deposits.
| Rank | Bank | Deposit share | Deposits | Branches |
|---|---|---|---|---|
| 1 | Bank Independent | 29.2% | $1.15B | 15 |
| 2 | First Metro Bank | 20.9% | $822.0M | 8 |
| 3 | First Southern Bank | 14.0% | $549.4M | 4 |
| 4 | CB&S Bank, Inc. | 7.2% | $282.1M | 5 |
| 5 | Regions Bank | 7.0% | $277.4M | 4 |
| 6 | Truist Bank | 4.2% | $164.8M | 1 |
| 7 | FirstBank | 3.9% | $154.7M | 1 |
| 8 | United Community Bank | 3.2% | $126.8M | 1 |
| 9 | Wells Fargo Bank, N.A. | 2.9% | $114.7M | 1 |
| 10 | PNC Bank, N.A. | 2.4% | $96.5M | 3 |
Banks in Florence: common questions
What is the biggest bank in Florence, AL?
First Southern Bank is the biggest bank in Florence, AL, with $453.2M in deposits at its Florence branches, 21.8% of the city's total as of the June 30, 2026 FDIC Summary of Deposits.
How many banks are in Florence, AL?
15 FDIC-insured banks operate 25 branches in Florence, AL as of the June 30, 2026 FDIC Summary of Deposits. This counts every bank with a branch in the city, not only banks headquartered there. Credit unions are not in the Summary of Deposits.
What are the largest banks in Florence, AL?
Ranked by deposits held in Florence branches as of the June 30, 2026 FDIC Summary of Deposits: 1. First Southern Bank (21.8%); 2. Bank Independent (20.5%); 3. First Metro Bank (9.1%); 4. Regions Bank (8.2%); 5. Truist Bank (7.9%). The share is each bank's part of all deposits in the city.
Largest banks in Alabama
For the state as a whole, see the largest banks in Alabama, ranked by total assets and by deposits in Alabama branches, or every bank in the Alabama bank directory.
Banks in other Alabama cities:
About this data
Branch counts and local deposits come from the FDIC Summary of Deposits, the annual June 30 survey of branch-office deposits for every FDIC-insured bank. Click any bank to see its full regulatory profile and complete branch network. Looking for banks headquartered here instead? See the US bank directory.