Morgan County, Illinois, a core county of the Springfield-Jacksonville-Lincoln, IL market, holds $1.0B in deposits across 12 insured institutions and 19 branches. CNB Bank and Trust, N.A. is the largest deposit holder at 23.2% share. The top three institutions hold 53.5% of deposits, which places the county in the moderately concentrated band. Deposits have grown 15.3% since 2020. It produces $1.5B of output, ranking #1,044 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 19 in 2020 to 19 in 2025. Institutions: 12 to 12. Top-three share: 59.5% to 53.5%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| CNB Bank and Trust, N.A. | $241M | 23.2% | +3% |
| The Farmers State Bank and Trust Company | $189M | 18.3% | 0% |
| U.S. Bank National Association | $125M | 12.0% | +12% |
| Prairie State Bank and Trust | $88M | 8.4% | +35% |
| Community State Bank | $80M | 7.7% | +39% |
| Petefish, Skiles & Co. | $77M | 7.4% | no 2020 presence |
| Bank of Springfield | $74M | 7.2% | +4% |
| The First National Bank of Arenzville | $60M | 5.8% | +81% |
| Heartland Bank and Trust Company | $58M | 5.6% | no 2020 presence |
| Peoples Bank & Trust | $36M | 3.5% | -19% |
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 Springfield-Jacksonville-Lincoln market
Morgan County is one of 6 counties that make up the Springfield-Jacksonville-Lincoln, IL market, a Combined Statistical Area (ranked #148 of 293 U.S. markets by economic output). It produces 9.1% of the market’s output and holds 8.4% of its deposits.
| Measure | Morgan County | Share of Springfield-Jacksonville-Lincoln market |
|---|---|---|
| 2024 GDP | $1.5B | 9.1% |
| Deposits | $1.0B | 8.4% |
| Population | 32,515 | 10.7% |
View the full Springfield-Jacksonville-Lincoln market profile →
Recruiting in Morgan 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 Morgan County, on a retained basis.
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