Cherokee County, Kansas, a county in the Joplin-Miami, MO-OK-KS market, holds $394M in deposits across 7 insured institutions and 9 branches. American Bank of Baxter Springs is the largest deposit holder at 43.2% share. The top three institutions hold 68.0% of deposits, which places the county in the concentrated band. Deposits have grown 18.9% since 2020 while the branch count fell by 2. It produces $835M of output, ranking #1,245 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 11 in 2020 to 9 in 2025. Institutions: 8 to 7. Top-three share: 66.0% to 68.0%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| American Bank of Baxter Springs | $170M | 43.2% | +54% |
| Commerce Bank | $55M | 14.0% | +17% |
| Labette Bank | $43M | 10.8% | +30% |
| Community Bank and Trust | $42M | 10.7% | +33% |
| CBW Bank | $42M | 10.6% | -32% |
| The Exchange State Bank of St. Paul, Kansas | $25M | 6.5% | +21% |
| The Baxter State Bank | $17M | 4.2% | -12% |
The 7 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 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 7.2% of its deposits.
| Measure | Cherokee County | Share of Joplin-Miami market |
|---|---|---|
| 2024 GDP | $835M | 8.3% |
| Deposits | $394M | 7.2% |
| 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, on a retained basis.
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