Florida Banking Industry Overview

Bank of America held the most deposits in Florida in June 2025, $170.8 billion across 425 offices, followed by Wells Fargo, JPMorgan Chase and Truist, according to the FDIC Summary of Deposits.

The Summary of Deposits is the FDIC's annual survey of branch office deposits as of June 30 for every FDIC-insured institution (FDIC, Summary of Deposits). For 2025 it records 4,257 insured offices in Florida holding $859,236,314 thousand, about $859.2 billion, in deposits (FDIC BankFind, 2025 Florida branch deposits, state total). Figures below are in the FDIC's own units, rounded to the nearest $0.1 billion.

Wells Fargo had the most Florida offices of any bank, 463, and Truist was second with 441. Just below the table, TD Bank reported $22.4 billion at 166 Florida offices, Citibank $22.2 billion at 53 and the Miami Lakes based BankUnited $21.6 billion at 50 (FDIC). Raymond James Bank in St. Petersburg reported its $38.4 billion of Florida deposits through a single office (FDIC).

By county, Miami-Dade County led the state with $202.5 billion in deposits at 582 offices in June 2025, followed by Duval County with $107.1 billion at 152 offices, Pinellas County with $71.1 billion at 235, Broward County with $69.5 billion at 369 and Palm Beach County with $64.3 billion at 382 (FDIC Summary of Deposits 2025 by county). Hillsborough County, with 255 offices, and Orange County, with 253, held $44.7 billion and $44.6 billion. Duval ranks second in deposits with 152 offices, fewer than any other county in the top five.

The FDIC lists 81 active insured banks and savings institutions headquartered in Florida, and SouthState Bank in Winter Haven is the largest by assets at $68.8 billion as of June 30, 2026.

The FDIC institution directory ranks the next largest Florida-based banks as EverBank in Jacksonville with $46.7 billion in assets, Raymond James Bank in St. Petersburg with $45.6 billion, BankUnited in Miami Lakes with $34.9 billion, City National Bank of Florida in Miami with $29.1 billion and Seacoast National Bank in Stuart with $21.3 billion (FDIC BankFind, Florida institutions). Amerant Bank in Coral Gables reported $10.3 billion and Ocean Bank in Miami $7.6 billion.

A bank's total assets and its Florida deposits are separate measures. SouthState's Florida branch deposits in the June 2025 survey were $17.3 billion across 92 offices (FDIC Summary of Deposits 2025). Seacoast reported $12.5 billion in Florida deposits across 79 offices in the same survey.

Florida's Office of Financial Regulation oversaw 57 state-chartered banks with about $106.4 billion in assets and 67 state-chartered credit unions with about $92.9 billion as of June 30, 2024.

Those counts cover only state charters. The FDIC's 81 is a count of active FDIC-insured institutions with a Florida headquarters, so it and the OFR's 57 state banks measure different things and are not interchangeable. The OFR Fast Facts table is dated June 30, 2024, so it is older than the FDIC figures above.

Florida has dual oversight: the Office of Financial Regulation examines state-chartered banks and credit unions, and federal agencies regulate them alongside the state.

The OFR's Division of Financial Institutions has a Bureau of Bank Regulation, which examines state commercial banks and also covers trust companies, trust departments and international bank offices statewide, and a Bureau of Credit Union Regulation (OFR, Division of Financial Institutions). Every Florida bank must carry FDIC deposit insurance and every Florida credit union must carry National Credit Union Share Insurance Fund coverage from the NCUA. The division's page lists its governing law as chapters 655, 657, 658, 660, 662, 663, 665 and 667 of the Florida Statutes.

The OFR itself was created in 2003 under the Cabinet Reorganization Act of 2002 and reports to the Financial Services Commission: the Governor, the Attorney General, the Chief Financial Officer and the Commissioner of Agriculture (OFR Fast Facts). Its roots as a banking regulator go back to the former Comptroller's Office in the mid-1800s.

International banking in Florida means offices of foreign banks that the OFR authorizes to operate in the state, and there were 22 such offices holding about $21.5 billion in assets on June 30, 2024.

The OFR can authorize a foreign bank to open an administrative, representative, agency or branch office in Florida, with different powers for each type, and can authorize foreign trust companies to open representative offices (OFR, Division of Financial Institutions). Family trust companies, a separate charter under chapter 662, serve only members of one family and certain employees and may not serve the public or do commercial banking.

Besides banks, the Office of Financial Regulation's Division of Consumer Finance licenses 122,530 non-depository businesses and individuals statewide, from mortgage lenders to money transmitters and check cashers.

Its Fast Facts lists 6,256 mortgage brokering, origination and servicing companies with 6,657 branches and 54,446 licensed individuals; 1,006 consumer collection agencies and 190 commercial collectors; 363 consumer finance companies at 183 locations; 8,061 retail installment sales companies with 1,851 branches; and 663 money services businesses, covering money transmitters, check cashers, foreign currency exchangers and payday lenders, with 42,846 authorized locations and branches (OFR Fast Facts). The division has a Bureau of Registration that licenses firms and individuals and a Bureau of Enforcement that examines them and handles complaints. The agency's Division of Securities separately registers 2,367 dealers and 380,993 stockbrokers.

Statewide, Florida commercial banks employed 89,776 people at 4,805 establishments in 2025, and credit unions employed 27,837 at 1,217 establishments, according to the BLS Quarterly Census of Employment and Wages.

Commercial banking jobs averaged $117,115 a year and grew by 630, or 0.7 percent; credit union jobs averaged $82,116 and grew by 56, or 0.2 percent (BLS QCEW 2025, Florida statewide file). The wider credit intermediation group (NAICS 522) had 179,283 private jobs statewide, and all of finance and insurance had 458,036 at an average of $136,780. The QCEW counts establishments, or workplaces, not charters, so its 1,217 credit union establishments and the 67 state charters the OFR supervises are not comparable counts.

Last verified: October 18, 2026, by pulling the FDIC Summary of Deposits and institution directory through BankFind, re-reading the OFR Fast Facts and Division of Financial Institutions page, and checking the BLS QCEW 2025 Florida file.