Dodge County, Wisconsin, a core county of the Milwaukee-Racine-Waukesha, WI market, holds $1.5B in deposits across 11 insured institutions and 26 branches. Horicon Bank is the largest deposit holder at 39.0% share. The top three institutions hold 60.3% of deposits, which places the county in the concentrated band. Deposits have grown 6.0% since 2020 while the branch count fell by 6. It produces $3.8B of output, ranking #692 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 32 in 2020 to 26 in 2025. Institutions: 14 to 11. Top-three share: 54.5% to 60.3%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Horicon Bank | $575M | 39.0% | +28% |
| BMO Bank National Association | $163M | 11.1% | -4% |
| American Bank of Beaver Dam | $149M | 10.1% | +23% |
| State Bank of Reeseville | $124M | 8.4% | +74% |
| National Exchange Bank and Trust | $115M | 7.8% | +26% |
| Associated Bank, National Association | $83M | 5.7% | +46% |
| Fox Valley Savings Bank | $69M | 4.7% | +10% |
| Mayville Savings Bank | $66M | 4.5% | +7% |
| Hustisford State Bank | $56M | 3.8% | +21% |
| Ergo Bank | $51M | 3.5% | +38% |
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 Milwaukee-Racine-Waukesha market
Dodge County is one of 8 counties that make up the Milwaukee-Racine-Waukesha, WI market, a Combined Statistical Area (ranked #37 of 293 U.S. markets by economic output). It produces 2.9% of the market’s output and holds 1.7% of its deposits.
| Measure | Dodge County | Share of Milwaukee-Racine-Waukesha market |
|---|---|---|
| 2024 GDP | $3.8B | 2.9% |
| Deposits | $1.5B | 1.7% |
| Population | 89,097 | 4.3% |
View the full Milwaukee-Racine-Waukesha market profile →
Recruiting in Dodge 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 Dodge County, on a retained basis.
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