Monroe County, Indiana, a core county of the Bloomington-Bedford, IN market, holds $3.5B in deposits across 14 insured institutions and 35 branches. JPMorgan Chase Bank is the largest deposit holder at 27.2% share. The top three banks hold 65% of deposits, which places the county in the Concentrated band. Deposits have fallen 0.5% since 2021 while the branch count rose by 6.1%. It produced $7.4B of real gross domestic product in 2024, ranking #447 of the 1,523 ranked counties by economic output.
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
Branches: 33 in 2021 to 35 in 2026. Institutions: 13 to 14. Top-three share: 67% to 65%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| JPMorgan Chase Bank | $951M | 27.2% | -4% |
| Old National Bank | $842M | 24.1% | -8% |
| First Financial Bank | $459M | 13.2% | +1% |
| German American Bank | $363M | 10.4% | -2% |
| Fifth Third Bank | $275M | 7.9% | +33% |
| The Peoples State Bank | $270M | 7.7% | +13% |
| Regions Bank | $98M | 2.8% | -26% |
| Owen County State Bank | $65M | 1.9% | +14% |
| Merchants Bank of Indiana | $45M | 1.3% | no 2021 presence |
| Union Savings Bank | $41M | 1.2% | -24% |
| Northwest Bank | $30M | 0.9% | -43% |
| Jackson County Bank | $30M | 0.9% | +323% |
| Farmers and Mechanics Federal Savings Bank | $18M | 0.5% | -15% |
| Woodforest National Bank | $2M | 0.1% | -14% |
The 14 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, June 30, 2026. Five-year change compares the same institution’s county deposits in 2021 and 2026. 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. “No 2021 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 Bloomington-Bedford market
Monroe County is one of 3 counties that make up the Bloomington-Bedford, IN market, a Combined Statistical Area (ranked #200 of 293 U.S. markets by economic output). It produces 78.1% of the market’s output and holds 81.4% of its deposits.
| Measure | Monroe County | Share of parent market |
|---|---|---|
| 2024 GDP | $7.4B | 78.1% |
| Deposits | $3.5B | 81.4% |
| Population | 143,345 | 68.0% |
View the full Bloomington-Bedford market profile →
Recruiting in Monroe 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 Monroe County.
See how we help banks recruit commercial banking talent