Grundy County, Iowa, a county in the Waterloo-Cedar Falls, IA market, holds $1.0B in deposits across 7 insured institutions and 10 branches. Lincoln Savings Bank is the largest deposit holder at 46.4% share. The top three institutions hold 80.1% of deposits, which places the county in the concentrated band. Deposits have grown 47.8% since 2020. It produces $539M of output, ranking #1,342 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 10 in 2020 to 10 in 2025. Institutions: 7 to 7. Top-three share: 78.1% to 80.1%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Lincoln Savings Bank | $478M | 46.4% | +83% |
| GNB Bank | $210M | 20.4% | -2% |
| Peoples Savings Bank | $137M | 13.3% | +98% |
| Green Belt Bank & Trust | $69M | 6.7% | +62% |
| MidWestOne Bank | $69M | 6.7% | +23% |
| Farmers Savings Bank | $37M | 3.6% | +27% |
| Fidelity Bank & Trust | $30M | 2.9% | +20% |
The 7 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 Waterloo-Cedar Falls market
Grundy County is one of 3 counties that make up the Waterloo-Cedar Falls, IA market, a Metropolitan Statistical Area (ranked #202 of 293 U.S. markets by economic output). It produces 5.8% of the market’s output and holds 21.3% of its deposits.
| Measure | Grundy County | Share of Waterloo-Cedar Falls market |
|---|---|---|
| 2024 GDP | $539M | 5.8% |
| Deposits | $1.0B | 21.3% |
| Population | 12,361 | 7.3% |
View the full Waterloo-Cedar Falls market profile →
Recruiting in Grundy 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 Grundy County, on a retained basis.
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