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 12.5%. It produces $23.0B of output, ranking #197 of the 1,523 ranked counties by economic output.

Economic scale
2024 Real GDP
$23.0B
#197 of 1,523
Population
402,329
#190 of 1,523
GDP per Capita
$57,154
#418 of 1,523
Deposit market
Total Deposits
$9.2B
#214 of 1,523
Deposits per Capita
$22,756
#729 of 1,523
Deposits per Branch
$109M
#485 of 1,523
Competitive structure
Insured Institutions
23
#164 of 1,523
Branches per 100k Pop.
20.9
#943 of 1,523
Median Deposits per Institution
$161M
The median deposits booked by a single institution in the county. #477 of 1,523. A lower figure means institutions typically hold smaller deposit positions here; it reflects local deposit presence, not an institution’s overall size. See Community & Regional Bank Share for institution scale.
Community & Regional Bank Share
54.2%
of county 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.

Ranks show where the county stands among the 1,523 ranked counties (those within a Combined or Metropolitan Statistical Area that have a branch). They describe relative position, not a rating of market quality or suitability.

Deposit trend

Total county deposits (nominal), 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%.

Institutions by deposits

InstitutionDepositsShareBranches5‑yr
JPMorgan Chase Bank$1.6B17.8%10+3%
Lake City Bank$1.5B16.3%5+48%
First Merchants Bank$831M9.1%7+6%
PNC Bank$826M9.0%7-5%
Flagstar Bank$779M8.5%9+29%
STAR Financial Bank$697M7.6%7+20%
WesBanco Bank, Inc.$522M5.7%3no 2020 presence
Fifth Third Bank$516M5.6%5+65%
1st Source Bank$473M5.2%8+14%
Old National Bank$449M4.9%4+18%
GreenWay Bank$177M1.9%1no 2020 presence
The Farmers & Merchants State Bank$161M1.8%3+221%
Farmers and Merchants Bank$118M1.3%1+98%
The Garrett State Bank$100M1.1%1+6%
First Federal Savings Bank$94M1.0%3+83%
Union Savings Bank$91M1.0%1+27%
Centier Bank$84M0.9%1+22%
The State Bank and Trust Company$37M0.4%1+27%
Horizon Bank$36M0.4%2-9%
The Hicksville Bank$24M0.3%1no 2020 presence
The Antwerp Exchange Bank Company$18M0.2%1+202%
Woodforest National Bank$6M0.1%2+7%
Community State Bank$2M0.0%1no 2020 presence

The 23 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. “No 2020 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year. Deposit figures are nominal and are not adjusted for inflation.

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 parent 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.

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