Market Intelligence

Cache County, UT

Banking market profile · FDIC Summary of Deposits, June 30, 2025
Market Intelligence › Logan, UT-ID › Cache County

Cache County, Utah, a core county of the Logan, UT-ID market, holds $3.1B in deposits across 10 insured institutions and 24 branches. Cache Valley Bank is the largest deposit holder at 42.2% share. The top three institutions hold 74.3% of deposits, which places the county in the concentrated band. Deposits have grown 29.9% since 2020 while the branch count rose by 2. It produces $7.2B of output, ranking #463 of the 1,523 counties within a CSA or MSA by economic output.

2024 Real GDP
$7.2B
#463 of 1,523
Total Deposits
$3.1B
#486 of 1,523
Population
145,000
#471 of 1,523
GDP per Capita
$49,419
#602 of 1,523
Insured Institutions
10
#650 of 1,523
Deposits per Branch
$128M
#317 of 1,523
Deposits per Capita
$21,198
#820 of 1,523
Branches per 100k Pop.
16.6
#1,203 of 1,523
Median Institution Size
$164M
Median deposits of the institutions operating in the county. #462 of 1,523. A smaller figure signals a market served mainly by community-scale banks.
Community & Regional Bank Share
58.0%
of market deposits held by banks with $100M to $50B in assets. #864 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: concentrated
74.3%
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+29.9% over 5 years
$2.4B
2020
$2.7B
2021
$3.1B
2022
$3.0B
2023
$3.0B
2024
$3.1B
2025

Branches: 22 in 2020 to 24 in 2025. Institutions: 10 to 10. Top-three share: 71.6% to 74.3%.

Leading institutions by deposits

InstitutionDepositsShareBranches5‑yr
Cache Valley Bank$1.3B42.2%7+61%
Zions Bancorporation, N.A.$643M20.9%4+13%
Wells Fargo Bank, National Association$343M11.2%2+6%
Glacier Bank$255M8.3%3no 2020 presence
JPMorgan Chase Bank, National Association$174M5.7%2+51%
Bank of Utah$154M5.0%2+22%
U.S. Bank National Association$97M3.1%1+381%
Washington Federal Bank$58M1.9%1+7%
KeyBank National Association$35M1.1%1-16%
D. L. Evans Bank$16M0.5%1+1,195%

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 Logan market

Cache County is one of 2 counties that make up the Logan, UT-ID market, a Metropolitan Statistical Area (ranked #229 of 293 U.S. markets by economic output). It produces 93.7% of the market’s output and holds 93.8% of its deposits.

MeasureCache CountyShare of Logan market
2024 GDP$7.2B93.7%
Deposits$3.1B93.8%
Population145,00090.1%

See the Logan market in Market Intelligence →

Recruiting in Cache 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 Cache County, on a retained basis.

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