Market Intelligence

Allen County, IN

Banking market profile · FDIC Summary of Deposits, June 30, 2025

Allen County, Indiana, a core county of the Fort Wayne-Huntington-Auburn, IN market, holds $9.2B in deposits across 23 insured institutions and 84 branches. JPMorgan Chase Bank, National Association is the largest deposit holder at 17.8% share. The top three institutions hold 43.1% of deposits, which places the county in the fragmented band. Deposits have grown 27.5% since 2020 while the branch count fell by 12. It produces $23.0B of output, ranking #197 of the 1,523 counties within a CSA or MSA by economic output.

2024 Real GDP
$23.0B
#197 of 1,523
Total Deposits
$9.2B
#214 of 1,523
Population
402,329
#190 of 1,523
GDP per Capita
$57,154
#418 of 1,523
Insured Institutions
23
#164 of 1,523
Deposits per Branch
$109M
#485 of 1,523
Deposits per Capita
$22,756
#729 of 1,523
Branches per 100k Pop.
20.9
#943 of 1,523
Median Institution Size
$161M
Median deposits of the institutions operating in the county. #477 of 1,523. A smaller figure signals a market served mainly by community-scale banks.
Community & Regional Bank Share
54.2%
of market deposits held by banks with $100M to $50B in assets. #922 of 1,523. A higher share points to a market where small to mid-size institutions, the kind that compete on relationships and local decision-making, hold more ground.
Top-3 Deposit Share: fragmented
43.1%
The combined deposit share of the three largest institutions in the county. A lower share means deposits are spread across more institutions.

Deposit trend

Total county deposits, 2020 to 2025+27.5% over 5 years
$7.2B
2020
$8.1B
2021
$8.6B
2022
$8.3B
2023
$8.8B
2024
$9.2B
2025

Branches: 96 in 2020 to 84 in 2025. Institutions: 21 to 23. Top-three share: 47.9% to 43.1%.

Leading institutions by deposits

InstitutionDepositsShareBranches5‑yr
JPMorgan Chase Bank, National Association$1.6B17.8%10+3%
Lake City Bank$1.5B16.3%5+48%
First Merchants Bank$831M9.1%7+6%
PNC Bank, National Association$826M9.0%7-5%
Flagstar Bank, National Association$779M8.5%9+29%
STAR Financial Bank$697M7.6%7+20%
WesBanco Bank, Inc.$522M5.7%3no 2020 presence
Fifth Third Bank, National Association$516M5.6%5+65%
1st Source Bank$473M5.2%8+14%
Old National Bank$449M4.9%4+18%

The 10 insured institutions with a branch presence in this county, as of June 30, 2025. Five-year change compares the same institution’s county deposits in 2020 and 2025. Institutions are tracked by FDIC certificate number, and where an institution acquired another bank, the acquired bank’s prior deposits are folded into the baseline so the change reflects the combined, continuing franchise rather than reading as new. Even so, a large gain can reflect acquisition rather than competitive growth; “no 2020 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year.

Part of the Fort Wayne-Huntington-Auburn market

Allen County is one of 8 counties that make up the Fort Wayne-Huntington-Auburn, IN market, a Combined Statistical Area (ranked #87 of 293 U.S. markets by economic output). It produces 64.2% of the market’s output and holds 60.7% of its deposits.

MeasureAllen CountyShare of Fort Wayne-Huntington-Auburn market
2024 GDP$23.0B64.2%
Deposits$9.2B60.7%
Population402,32960.3%

View the full Fort Wayne-Huntington-Auburn market profile →

Recruiting in Allen County

Deposits are spread across a competitive field of institutions, so the bankers worth recruiting are dispersed across more of them. Who holds the deposits, and how contested the market is, shapes both the runway for growth and the competition you would be recruiting against. We recruit commercial relationship managers, banking teams, and market leaders for banks building in markets like Allen County, on a retained basis.

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