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Bankular
Local banking directory

Banks and Bank Branches in Covington, Tennessee

The FDIC reported 8 deposit-reporting offices from 7 institutions in Covington as of June 30, 2025. Bankular currently provides 8 detailed location pages with addresses, maps and directions.

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FDIC-reported offices8
Institutions reporting7
Detailed location pages8
Reported branch deposits$481.9M
SOD reporting dateJune 30, 2025

Market analysis

What the deposit data shows

FDIC SOD, June 30, 2025
Largest institutionCadence Bank31.22% of deposits
Top three share74.71%
Deposit HHI2,274Moderate concentration
Current detailed pages8Matches the June 2025 SOD office count

Cadence Bank held 31.22% of reported branch deposits in Covington. The three largest institutions together held 74.71%. Bankular places the resulting HHI of 2,274 in its moderate concentration descriptive band.

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Detailed bank locations in Covington

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Detailed directory

Institutions with validated location pages

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FSNB

1 detailed location

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Detailed bank locations in Covington

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Local deposit market

Reported offices, deposits and market share

FDIC SOD, June 30, 2025
InstitutionReported officesDepositsShare
Cadence Bank1$150.5M31.22%
Patriot Bank2$105.1M21.81%
INSOUTH Bank1$104.4M21.67%
Regions Bank1$82.9M17.21%
Security Bank and Trust Company1$36.5M7.58%
The Bank of Fayette County1$1.4M0.29%
FSNB1$1.0M0.22%