Sandoval County, New Mexico, a core county of the Albuquerque-Santa Fe-Los Alamos, NM market, holds $1.5B in deposits across 10 insured institutions and 16 branches. Wells Fargo Bank, National Association is the largest deposit holder at 27.4% share. The top three institutions hold 66.7% of deposits, which places the county in the concentrated band. Deposits have grown 25.0% since 2020 while the branch count fell by 3. It produces $4.8B of output, ranking #609 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 19 in 2020 to 16 in 2025. Institutions: 11 to 10. Top-three share: 63.9% to 66.7%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Wells Fargo Bank, National Association | $412M | 27.4% | +27% |
| U.S. Bank National Association | $304M | 20.2% | +16% |
| UMB Bank, National Association | $288M | 19.1% | no 2020 presence |
| Bank of America, National Association | $207M | 13.8% | +14% |
| BOKF, National Association | $106M | 7.1% | +16% |
| PNC Bank, National Association | $84M | 5.6% | +45% |
| BMO Bank National Association | $46M | 3.0% | -44% |
| Washington Federal Bank | $42M | 2.8% | +445% |
| First American Bank | $8M | 0.5% | -28% |
| First National Bank Texas | $7M | 0.5% | +27% |
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 Albuquerque-Santa Fe-Los Alamos market
Sandoval County is one of 9 counties that make up the Albuquerque-Santa Fe-Los Alamos, NM market, a Combined Statistical Area (ranked #60 of 293 U.S. markets by economic output). It produces 7.6% of the market’s output and holds 5.9% of its deposits.
| Measure | Sandoval County | Share of Albuquerque-Santa Fe-Los Alamos market |
|---|---|---|
| 2024 GDP | $4.8B | 7.6% |
| Deposits | $1.5B | 5.9% |
| Population | 159,565 | 13.6% |
View the full Albuquerque-Santa Fe-Los Alamos market profile →
Recruiting in Sandoval 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 Sandoval County, on a retained basis.
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