Bay County, Michigan, a core county of the Saginaw-Midland-Bay City, MI market, holds $1.3B in deposits across 7 insured institutions and 19 branches. The Huntington National Bank is the largest deposit holder at 38.0% share. The top three banks hold 85% of deposits, which places the county in the Concentrated band. Deposits have grown 2.2% since 2020 while the branch count fell by 20.8%. It produces $3.7B of output, ranking #700 of the 1,523 ranked counties by economic output.
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
Branches: 24 in 2020 to 19 in 2025. Institutions: 7 to 7. Top-three share: 74% to 85%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| The Huntington National Bank | $494M | 38.0% | -23% |
| Independent Bank | $410M | 31.5% | +83% |
| PNC Bank | $204M | 15.7% | -20% |
| 1st State Bank | $80M | 6.2% | +13% |
| Thumb Bank and Trust | $62M | 4.8% | +28% |
| Fifth Third Bank | $50M | 3.8% | +72% |
| Isabella Bank | $0M | 0.0% | no 2020 presence |
The 7 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, 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 Saginaw-Midland-Bay City market
Bay County is one of 3 counties that make up the Saginaw-Midland-Bay City, MI market, a Combined Statistical Area (ranked #141 of 293 U.S. markets by economic output). It produces 19.6% of the market’s output and holds 25.0% of its deposits.
| Measure | Bay County | Share of parent market |
|---|---|---|
| 2024 GDP | $3.7B | 19.6% |
| Deposits | $1.3B | 25.0% |
| Population | 102,123 | 27.3% |
View the full Saginaw-Midland-Bay City market profile →
Recruiting in Bay County
Deposits are held closely by the largest banks, which often means the bankers worth recruiting are inside a small number of institutions. 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 Bay County.
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