Chelan County, Washington, a core county of the Wenatchee-East Wenatchee, WA market, holds $2.6B in deposits across 10 insured institutions and 22 branches. Cashmere Valley Bank is the largest deposit holder at 46.7% share. The top three institutions hold 69.8% of deposits, which places the county in the concentrated band. Deposits have grown 2.9% since 2020 while the branch count fell by 2. It produces $5.6B of output, ranking #552 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 24 in 2020 to 22 in 2025. Institutions: 11 to 10. Top-three share: 66.3% to 69.8%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Cashmere Valley Bank | $1.2B | 46.7% | +12% |
| Wells Fargo Bank, National Association | $322M | 12.6% | -18% |
| Glacier Bank | $269M | 10.5% | +42% |
| Washington Federal Bank | $182M | 7.1% | +17% |
| Banner Bank | $180M | 7.0% | +51% |
| U.S. Bank National Association | $102M | 4.0% | +12% |
| Washington Trust Bank | $91M | 3.6% | -34% |
| Peoples Bank | $83M | 3.2% | -32% |
| KeyBank National Association | $77M | 3.0% | +26% |
| JPMorgan Chase Bank, National Association | $59M | 2.3% | -51% |
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 Wenatchee-East Wenatchee market
Chelan County is one of 2 counties that make up the Wenatchee-East Wenatchee, WA market, a Metropolitan Statistical Area (ranked #227 of 293 U.S. markets by economic output). It produces 71.8% of the market’s output and holds 74.9% of its deposits.
| Measure | Chelan County | Share of Wenatchee-East Wenatchee market |
|---|---|---|
| 2024 GDP | $5.6B | 71.8% |
| Deposits | $2.6B | 74.9% |
| Population | 81,941 | 63.8% |
See the Wenatchee-East Wenatchee market in Market Intelligence →
Recruiting in Chelan 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 Chelan County, on a retained basis.
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