Pierce County, Washington, a core county of the Seattle-Tacoma, WA market, holds $15.0B in deposits across 22 insured institutions and 125 branches. Umpqua Bank is the largest deposit holder at 18.0% share. The top three institutions hold 47.4% of deposits, which places the county in the moderately concentrated band. Deposits have grown 1.3% since 2020 while the branch count fell by 36. It produces $50.1B of output, ranking #93 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 161 in 2020 to 125 in 2025. Institutions: 25 to 22. Top-three share: 47.4% to 47.4%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Umpqua Bank | $2.7B | 18.0% | -16% |
| Bank of America, National Association | $2.5B | 16.7% | +17% |
| JPMorgan Chase Bank, National Association | $1.9B | 12.8% | +40% |
| Wells Fargo Bank, National Association | $1.7B | 11.6% | -11% |
| KeyBank National Association | $1.6B | 10.8% | -25% |
| U.S. Bank National Association | $1.4B | 9.2% | +21% |
| Heritage Bank | $1.1B | 7.2% | +3% |
| Timberland Bank | $383M | 2.5% | +14% |
| Commencement Bank | $315M | 2.1% | +34% |
| First-Citizens Bank & Trust Company | $212M | 1.4% | +43% |
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
Pierce 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 9.0% of the market’s output and holds 9.6% of its deposits.
| Measure | Pierce County | Share of Seattle-Tacoma market |
|---|---|---|
| 2024 GDP | $50.1B | 9.0% |
| Deposits | $15.0B | 9.6% |
| Population | 946,288 | 18.5% |
View the full Seattle-Tacoma market profile →
Recruiting in Pierce 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 Pierce County, on a retained basis.
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