Des Moines County, Iowa, a core county of the Burlington-Fort Madison, IA-IL market, holds $1.5B in deposits across 11 insured institutions and 20 branches. Two Rivers Bank & Trust is the largest deposit holder at 39.4% share. The top three institutions hold 61.0% of deposits, which places the county in the concentrated band. Deposits have grown 11.4% since 2020 while the branch count rose by 1. It produces $2.2B of output, ranking #889 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 19 in 2020 to 20 in 2025. Institutions: 11 to 11. Top-three share: 61.8% to 61.0%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Two Rivers Bank & Trust | $587M | 39.4% | +16% |
| Farmers & Merchants Bank & Trust | $189M | 12.7% | -8% |
| Mediapolis Savings Bank | $133M | 8.9% | +21% |
| MidWestOne Bank | $110M | 7.4% | -5% |
| First Interstate Bank | $109M | 7.3% | -7% |
| Danville State Savings Bank | $105M | 7.0% | +5% |
| U.S. Bank National Association | $93M | 6.3% | +22% |
| Connection Bank | $54M | 3.6% | +91% |
| BANK | $52M | 3.5% | +61% |
| Farmers Savings Bank | $41M | 2.8% | -13% |
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 organic growth; “no 2020 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year.
Part of the Burlington-Fort Madison market
Des Moines County is one of 3 counties that make up the Burlington-Fort Madison, IA-IL market, a Combined Statistical Area (ranked #278 of 293 U.S. markets by economic output). It produces 53.7% of the market’s output and holds 48.8% of its deposits.
| Measure | Des Moines County | Share of Burlington-Fort Madison market |
|---|---|---|
| 2024 GDP | $2.2B | 53.7% |
| Deposits | $1.5B | 48.8% |
| Population | 38,077 | 49.9% |
View the full Burlington-Fort Madison market profile →
Recruiting in Des Moines 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 Des Moines County, on a retained basis.
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