Racine County, Wisconsin, a core county of the Milwaukee-Racine-Waukesha, WI market, holds $4.7B in deposits across 13 insured institutions and 38 branches. Johnson Bank is the largest deposit holder at 40.5% share. The top three institutions hold 59.8% of deposits, which places the county in the moderately concentrated band. Deposits have fallen 18.1% since 2020 while the branch count fell by 10. It produces $9.1B of output, ranking #386 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 48 in 2020 to 38 in 2025. Institutions: 14 to 13. Top-three share: 66.7% to 59.8%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Johnson Bank | $1.9B | 40.5% | +19% |
| BMO Bank National Association | $471M | 10.1% | +8% |
| Community State Bank | $432M | 9.2% | +20% |
| Town Bank, National Association | $351M | 7.5% | +53% |
| JPMorgan Chase Bank, National Association | $277M | 5.9% | -3% |
| Associated Bank, National Association | $261M | 5.6% | +46% |
| Tri City National Bank | $253M | 5.4% | -1% |
| North Shore Bank | $202M | 4.3% | +17% |
| The Greenwood's State Bank | $171M | 3.7% | +62% |
| U.S. Bank National Association | $132M | 2.8% | -13% |
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 Milwaukee-Racine-Waukesha market
Racine County is one of 8 counties that make up the Milwaukee-Racine-Waukesha, WI market, a Combined Statistical Area (ranked #37 of 293 U.S. markets by economic output). It produces 7.0% of the market’s output and holds 5.3% of its deposits.
| Measure | Racine County | Share of Milwaukee-Racine-Waukesha market |
|---|---|---|
| 2024 GDP | $9.1B | 7.0% |
| Deposits | $4.7B | 5.3% |
| Population | 198,919 | 9.7% |
View the full Milwaukee-Racine-Waukesha market profile →
Recruiting in Racine 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 Racine County, on a retained basis.
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