Linn County, Iowa, a core county of the Cedar Rapids-Iowa City, IA market, holds $6.7B in deposits across 26 insured institutions and 68 branches. Cedar Rapids Bank and Trust Company is the largest deposit holder at 25.2% share. The top three institutions hold 52.4% of deposits, which places the county in the moderately concentrated band. Deposits have grown 10.0% since 2020 while the branch count fell by 4. It produces $17.6B of output, ranking #240 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 72 in 2020 to 68 in 2025. Institutions: 26 to 26. Top-three share: 48.8% to 52.4%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Cedar Rapids Bank and Trust Company | $1.7B | 25.2% | +41% |
| U.S. Bank National Association | $938M | 14.1% | -4% |
| Farmers State Bank | $871M | 13.1% | +11% |
| Hills Bank and Trust Company | $715M | 10.7% | +17% |
| Wells Fargo Bank, National Association | $624M | 9.4% | -19% |
| Bankers Trust Company | $401M | 6.0% | +31% |
| Fairfax State Savings Bank | $210M | 3.1% | +44% |
| Farmers & Merchants Savings Bank | $157M | 2.4% | -34% |
| Mount Vernon Bank and Trust Company | $150M | 2.2% | +25% |
| Ohnward Bank & Trust | $142M | 2.1% | +61% |
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 Cedar Rapids-Iowa City market
Linn County is one of 5 counties that make up the Cedar Rapids-Iowa City, IA market, a Combined Statistical Area (ranked #97 of 293 U.S. markets by economic output). It produces 57.9% of the market’s output and holds 47.5% of its deposits.
| Measure | Linn County | Share of Cedar Rapids-Iowa City market |
|---|---|---|
| 2024 GDP | $17.6B | 57.9% |
| Deposits | $6.7B | 47.5% |
| Population | 232,028 | 50.2% |
View the full Cedar Rapids-Iowa City market profile →
Recruiting in Linn 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 Linn County, on a retained basis.
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