Economic Research and Data

Regional Profile

Distribution of Bank Assets in Fourth District States

A larger share of state banking assets are located outside the major metropolitan areas in Kentucky and West Virginia, speaking to the relatively rural character of each. By contrast, Pennsylvania’s and Ohio’s top three banking markets have about 60 percent and 90 percent of their state’s banking assets, respectively.

Metropolitan Area Number of Banks Percent of State Assets
Ohio
Cincinnati
47
43.1%
Cleveland
29
30.8%
Columbus
29
15.7%
Other MSAs
69
6.6%
No MSA
137
3.8%
Kentucky
Lexington
23
10.6%
Louisville
16
29.5%
Cincinnati
14
4.0%
Other MSAs
16
6.6%
No MSA
171
49.4%
Pennsylvania
Philadelphia
68
19.6%
Pittsburgh
42
38.6%
Harrisburg-Lebanon-Carlisle
19
3.9%
Other MSAs
69
27.6%
No MSAs
65
10.3%
West Virginia
Charleston
5
15.3%
Wheeling
4
21.7%
Huntington
4
4.3%
Other MSAs
8
25.6%
No MSA
53
33.1%