Daviess County, Kentucky, a core county of the Owensboro, KY market, holds $3.1B in deposits across 11 insured institutions and 26 branches. Independence Bank of Kentucky is the largest deposit holder at 36.0% share. The top three institutions hold 59.6% of deposits, which places the county in the moderately concentrated band. Deposits have grown 6.0% since 2020 while the branch count fell by 8. It produces $4.8B of output, ranking #616 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 34 in 2020 to 26 in 2025. Institutions: 11 to 11. Top-three share: 67.4% to 59.6%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Independence Bank of Kentucky | $1.1B | 36.0% | +8% |
| U.S. Bank National Association | $418M | 13.3% | -35% |
| Truist Bank | $326M | 10.4% | +4% |
| JPMorgan Chase Bank, National Association | $283M | 9.0% | +15% |
| South Central Bank, Inc. | $254M | 8.1% | +27% |
| German American Bank | $232M | 7.4% | +56% |
| Old National Bank | $158M | 5.0% | +43% |
| Fifth Third Bank, National Association | $129M | 4.1% | +81% |
| PNC Bank, National Association | $89M | 2.8% | -16% |
| Peoples Bank | $72M | 2.3% | no 2020 presence |
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 Owensboro market
Daviess County is one of 2 counties that make up the Owensboro, KY market, a Metropolitan Statistical Area (ranked #270 of 293 U.S. markets by economic output). It produces 94.8% of the market’s output and holds 92.6% of its deposits.
| Measure | Daviess County | Share of Owensboro market |
|---|---|---|
| 2024 GDP | $4.8B | 94.8% |
| Deposits | $3.1B | 92.6% |
| Population | 104,898 | 92.0% |
See the Owensboro market in Market Intelligence →
Recruiting in Daviess County
Deposits are split among a moderate 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 Daviess County, on a retained basis.
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