Market Intelligence

Gallatin County, MT

Banking market profile · FDIC Summary of Deposits, June 30, 2025
Market IntelligenceBozeman, MT › Gallatin County

Gallatin County, Montana, a core county of the Bozeman, MT market, holds $5.0B in deposits across 16 insured institutions and 41 branches. Glacier Bank is the largest deposit holder at 37.2% share. The top three institutions hold 62.7% of deposits, which places the county in the concentrated band. Deposits have grown 29.2% since 2020 while the branch count rose by 1. It produces $9.3B of output, ranking #380 of the 1,523 counties within a CSA or MSA by economic output.

Economic scale
2024 Real GDP
$9.3B
#380 of 1,523
Population
128,740
#509 of 1,523
GDP per Capita
$72,085
#176 of 1,523
Deposit market
Total Deposits
$5.0B
#336 of 1,523
Deposits per Capita
$39,029
#194 of 1,523
Deposits per Branch
$123M
#355 of 1,523
Competitive structure
Insured Institutions
16
#332 of 1,523
Branches per 100k Pop.
31.8
#410 of 1,523
Median Deposits per Institution
$159M
The median deposits booked by a single institution in the county. #488 of 1,523. A lower figure means institutions typically hold smaller deposit positions here; it reflects local deposit presence, not an institution’s overall size. See Community & Regional Bank Share for institution scale.
Community & Regional Bank Share
83.9%
of county deposits held by banks with $100M to $50B in assets. #436 of 1,523. A higher share points to a market where small to mid-size institutions, the kind that compete on relationships and local decision-making, hold more ground.
Top-3 Deposit Share: concentrated
62.7%
The combined deposit share of the three largest institutions in the county. A lower share means deposits are spread across more institutions.

Ranks show where the county stands among the 1,523 ranked counties (those within a Combined or Metropolitan Statistical Area that have a branch). They describe relative position, not a rating of market quality or suitability.

Deposit trend

Total county deposits (nominal), 2020 to 2025+29.2% over 5 years
$3.9B
2020
$5.0B
2021
$5.4B
2022
$4.7B
2023
$4.8B
2024
$5.0B
2025

Branches: 40 in 2020 to 41 in 2025. Institutions: 15 to 16. Top-three share: 58.0% to 62.7%.

Leading institutions by deposits

InstitutionDepositsShareBranches5‑yr
Glacier Bank$1.9B37.2%9+44%
First Interstate Bank$684M13.6%4+29%
Stockman Bank of Montana$596M11.8%5+41%
Wells Fargo Bank$454M9.0%2+8%
American Bank$343M6.8%3+30%
U.S. Bank$309M6.1%2-11%
Opportunity Bank of Montana$240M4.8%3+76%
Manhattan Bank$232M4.6%4+22%
Bank of Bozeman$86M1.7%10%
The Yellowstone Bank$74M1.5%1+40%

The 10 largest of 16 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. Deposit figures are nominal and are not adjusted for inflation.

Part of the Bozeman market

Gallatin County is the only county in the Bozeman, MT market, a Metropolitan Statistical Area (ranked #203 of 293 U.S. markets by economic output). It produces 100.0% of the market’s output and holds 100.0% of its deposits.

MeasureGallatin CountyShare of parent market
2024 GDP$9.3B100.0%
Deposits$5.0B100.0%
Population128,740100.0%

View the full Bozeman market profile →

Recruiting in Gallatin 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 Gallatin County, on a retained basis.

Start a confidential conversation