Kitsap County, Washington, a core county of the Seattle-Tacoma, WA market, holds $4.3B in deposits across 13 insured institutions and 45 branches. Bank of America, National Association is the largest deposit holder at 23.6% share. The top three institutions hold 62.4% of deposits, which places the county in the concentrated band. Deposits have grown 7.9% since 2020 while the branch count fell by 8. It produces $14.4B of output, ranking #280 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 53 in 2020 to 45 in 2025. Institutions: 14 to 13. Top-three share: 57.7% to 62.4%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Bank of America, National Association | $1.0B | 23.6% | +9% |
| Kitsap Bank | $884M | 20.7% | +13% |
| JPMorgan Chase Bank, National Association | $772M | 18.1% | +35% |
| Wells Fargo Bank, National Association | $424M | 9.9% | +3% |
| Umpqua Bank | $255M | 6.0% | -21% |
| U.S. Bank National Association | $187M | 4.4% | -25% |
| KeyBank National Association | $170M | 4.0% | -27% |
| Liberty Bank | $157M | 3.7% | +22% |
| First Fed Bank | $113M | 2.6% | +21% |
| Washington Federal Bank | $85M | 2.0% | +11% |
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 Seattle-Tacoma market
Kitsap County is one of 9 counties that make up the Seattle-Tacoma, WA market, a Combined Statistical Area (ranked #9 of 293 U.S. markets by economic output). It produces 2.6% of the market’s output and holds 2.7% of its deposits.
| Measure | Kitsap County | Share of Seattle-Tacoma market |
|---|---|---|
| 2024 GDP | $14.4B | 2.6% |
| Deposits | $4.3B | 2.7% |
| Population | 283,374 | 5.5% |
View the full Seattle-Tacoma market profile →
Recruiting in Kitsap 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 Kitsap County, on a retained basis.
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