Berrien County, Michigan, a core county of the South Bend-Elkhart-Mishawaka, IN-MI market, holds $2.2B in deposits across 8 insured institutions and 33 branches. Fifth Third Bank, National Association is the largest deposit holder at 29.4% share. The top three institutions hold 62.4% of deposits, which places the county in the concentrated band. Deposits have fallen 3.7% since 2020 while the branch count fell by 15. It produces $7.4B of output, ranking #450 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 48 in 2020 to 33 in 2025. Institutions: 9 to 8. Top-three share: 68.9% to 62.4%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Fifth Third Bank, National Association | $660M | 29.4% | +2% |
| The Huntington National Bank | $390M | 17.3% | -46% |
| JPMorgan Chase Bank, National Association | $353M | 15.7% | +23% |
| Horizon Bank | $270M | 12.0% | +16% |
| Sturgis Bank & Trust Company | $259M | 11.5% | no 2020 presence |
| 1st Source Bank | $215M | 9.6% | +22% |
| Flagstar Bank, National Association | $57M | 2.5% | +51% |
| Old National Bank | $45M | 2.0% | -11% |
The 8 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 South Bend-Elkhart-Mishawaka market
Berrien County is one of 6 counties that make up the South Bend-Elkhart-Mishawaka, IN-MI market, a Combined Statistical Area (ranked #73 of 293 U.S. markets by economic output). It produces 14.7% of the market’s output and holds 13.7% of its deposits.
| Measure | Berrien County | Share of South Bend-Elkhart-Mishawaka market |
|---|---|---|
| 2024 GDP | $7.4B | 14.7% |
| Deposits | $2.2B | 13.7% |
| Population | 152,444 | 18.7% |
View the full South Bend-Elkhart-Mishawaka market profile →
Recruiting in Berrien 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 Berrien County, on a retained basis.
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