Eau Claire County, Wisconsin, a core county of the Eau Claire-Menomonie, WI market, holds $2.4B in deposits across 16 insured institutions and 25 branches. Nicolet National Bank is the largest deposit holder at 17.1% share. The top three institutions hold 45.3% of deposits, which places the county in the moderately concentrated band. Deposits have grown 0.6% since 2020 while the branch count fell by 8. It produces $6.7B of output, ranking #485 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 33 in 2020 to 25 in 2025. Institutions: 16 to 16. Top-three share: 48.5% to 45.3%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Nicolet National Bank | $412M | 17.1% | no 2020 presence |
| Citizens Community Federal National Association | $355M | 14.7% | +8% |
| Associated Bank, National Association | $325M | 13.5% | +17% |
| Wells Fargo Bank, National Association | $264M | 11.0% | +9% |
| U.S. Bank National Association | $243M | 10.1% | -13% |
| Unity Bank | $173M | 7.2% | +26% |
| Merchants Bank, National Association | $100M | 4.2% | +40% |
| BMO Bank National Association | $100M | 4.2% | -23% |
| Frandsen Bank & Trust | $96M | 4.0% | no 2020 presence |
| Security Financial Bank | $95M | 3.9% | +79% |
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 Eau Claire-Menomonie market
Eau Claire County is one of 3 counties that make up the Eau Claire-Menomonie, WI market, a Combined Statistical Area (ranked #180 of 293 U.S. markets by economic output). It produces 58.0% of the market’s output and holds 57.5% of its deposits.
| Measure | Eau Claire County | Share of Eau Claire-Menomonie market |
|---|---|---|
| 2024 GDP | $6.7B | 58.0% |
| Deposits | $2.4B | 57.5% |
| Population | 109,033 | 48.9% |
View the full Eau Claire-Menomonie market profile →
Recruiting in Eau Claire 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 Eau Claire County, on a retained basis.
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