Cherokee County, Kansas, a county in the Joplin-Miami, MO-OK-KS market, holds $397M in deposits across 7 insured institutions and 9 branches. American Bank of Baxter Springs is the largest deposit holder at 38.4% share. The top three banks hold 66% of deposits, which places the county in the Concentrated band. Deposits have grown 7.0% since 2021 while the branch count fell by 10.0%. It produced $835M of real gross domestic product in 2024, ranking #1,245 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: 10 in 2021 to 9 in 2026. Institutions: 8 to 7. Top-three share: 66% to 66%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| American Bank of Baxter Springs | $152M | 38.4% | +23% |
| Commerce Bank | $57M | 14.4% | +9% |
| CBW Bank | $54M | 13.5% | -24% |
| Community Bank and Trust | $44M | 11.2% | +26% |
| Labette Bank | $43M | 10.9% | +13% |
| Exchange State Bank | $27M | 6.7% | +22% |
| The Baxter State Bank | $19M | 4.8% | -6% |
The 7 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, June 30, 2026. Five-year change compares the same institution’s county deposits in 2021 and 2026. 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 2021 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 Joplin-Miami market
Cherokee County is one of 4 counties that make up the Joplin-Miami, MO-OK-KS market, a Combined Statistical Area (ranked #191 of 293 U.S. markets by economic output). It produces 8.3% of the market’s output and holds 7.1% of its deposits.
| Measure | Cherokee County | Share of parent market |
|---|---|---|
| 2024 GDP | $835M | 8.3% |
| Deposits | $397M | 7.1% |
| Population | 19,105 | 8.0% |
View the full Joplin-Miami market profile →
Recruiting in Cherokee 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 Cherokee County.
See how we help banks recruit commercial banking talent