Meade County, South Dakota, a county in the Rapid City-Spearfish, SD market, holds $461M in deposits across 5 insured institutions and 5 branches. First Interstate Bank is the largest deposit holder at 52.9% share. The top three institutions hold 80.6% of deposits, which places the county in the concentrated band. Deposits have grown 39.6% since 2020. It produces $1,000M of output, ranking #1,194 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 5 in 2020 to 5 in 2025. Institutions: 5 to 5. Top-three share: 82.3% to 80.6%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| First Interstate Bank | $244M | 52.9% | +35% |
| First National Bank in Philip | $69M | 15.0% | +76% |
| Pioneer Bank & Trust | $59M | 12.8% | +74% |
| Wells Fargo Bank, National Association | $53M | 11.5% | +3% |
| First National Bank | $36M | 7.9% | +47% |
The 5 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 Rapid City-Spearfish market
Meade County is one of 4 counties that make up the Rapid City-Spearfish, SD market, a Combined Statistical Area (ranked #207 of 293 U.S. markets by economic output). It produces 11.0% of the market’s output and holds 9.7% of its deposits.
| Measure | Meade County | Share of Rapid City-Spearfish market |
|---|---|---|
| 2024 GDP | $1,000M | 11.0% |
| Deposits | $461M | 9.7% |
| Population | 30,711 | 16.5% |
View the full Rapid City-Spearfish market profile →
Recruiting in Meade 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 Meade County, on a retained basis.
Start a confidential conversation