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Commercial Banking in West Virginia

Author.Name IBISWorld United States Last Updated: April 2025 NAICS WV52211

Commercial Banking in West Virginia industry analysis

The Commercial Banking industry in West Virginia is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments decreased an annualized -x.x% to xxx locations. Industry employment has increased an annualized x.x% to x,xxx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to decline an annualized -x.x% to $x.x billion, while the national industry is expected to decline -x.x%. Industry establishments are forecast to decline -x.x% to xxx locations. Industry employment is expected to decrease an annualized -x.x% to x,xxx workers, while industry wages are forecast to decrease -x% to $x.x million.

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About the Commercial Banking in West Virginia Market Research Report

What’s Included in the Commercial Banking in West Virginia Market Research Report

Definition of the Commercial Banking in West Virginia?

The Commercial Banking industry comprises banks that provide financial services to retail and business clients in the form of commercial, industrial and consumer loans. Banks accept deposits from customers, which are used as sources of funding for loans. Banks in this industry are regulated by the Office of the Comptroller of the Currency.

What’s included in the Commercial Banking in West Virginia?

The Commercial Banking in West Virginia includes receiving deposits from customers and issuing consumer, commercial and industrial loans. Related terms covered in the Commercial Banking in West Virginia industry report includes an amount set aside as an allowance for bad debts; debts in which the customer defaults or in which the terms of the loan need to be renegotiated, a deliberate reduction in the value of an asset to reflect its current market value, a type of security that entitles the holder to purchase stock in the issuing company at a specified price, a type of mortgage made out to borrowers with lower credit ratings. lending institutions often charge higher interest on subprime mortgages to compensate themselves for carrying more risk, when a customer fails to pay back money received through a loan to the bank and also known as millennials, the demographic of americans generally aged 25 to 40.

Industry Performance of the Commercial Banking industry in West Virginia

Benchmark the Commercial Banking in West Virginia industry performance with all WV county and national performance.

Commercial Banking in West Virginia

#42 in Highest Revenue 0.3% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Commercial Banking in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Commercial Banking industry in West Virginia

See how key industry drivers, such as population, house price index, new business formation, prime rate, aggregate household debt and corporate profit are impacting Commercial Banking in West Virginia

West Virginia Economic Indicators

Population
House Price Index
New Business Formation

View more economic information in WV State Economic profile

US Key External Drivers

Prime rate
Aggregate household debt
Corporate profit

For the full list of industry drivers, see report purchase options.

County Data of the Commercial Banking industry in West Virginia

Access proprietary data on county in the Commercial Banking in West Virginia, such as Kanawha County, Monongalia County and Harrison County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Commercial Banking industry in West Virginia

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Commercial Banking industry in West Virginia in 2025?

The market size of the Commercial Banking industry in West Virginia is $4.1bn in 2025.

How many businesses are there in the Commercial Banking industry in West Virginia in 2025?

There are 504 businesses in the Commercial Banking industry in West Virginia, which has been declining at an average annual rate of -1.9% from 2020 to 2025.

Has the Commercial Banking industry in West Virginia grown or declined over the past 5 years?

The market size of the Commercial Banking industry in West Virginia has been growing at an average annual rate of 6.5% from 2020 to 2025.

How many employees in the Commercial Banking industry in West Virginia in 2025?

There are 9,148 employees in the Commercial Banking industry in West Virginia, which has been growing at an average annual rate of 0.8% from 2020 to 2025.