CHARLOTTE, N.C. — Bank of America Corp. far surpassed competitors in its home county’s market share, according to the latest data from the Federal Deposit Insurance Corp.
[Bank of America Tower under contract to be sold in $436M deal]
Charlotte-based BofA controls just over 79% of the market share in Mecklenburg County with more than $149.5 billion in local deposits as of June 30. That’s a slight decrease from last year, when BofA held 79.75% of the market share. Local deposits fell by more than $9 billion in the last year.
As of June 30, BofA held 73% of the market share in the Charlotte-Concord-Gastonia metro area.
Wells Fargo & Co. again took the second-place spot at 14.4% of the market share.
See the top 10 banks on the list here.
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