Sheboygan County, Wisconsin, a core county of the Sheboygan, WI market, holds $2.9B in deposits across 13 insured institutions and 29 branches. Bank First, N.A. is the largest deposit holder at 23.2% share. The top three institutions hold 45.1% of deposits, which places the county in the moderately concentrated band. Deposits have grown 15.2% since 2020 while the branch count fell by 8. It produces $7.2B of output, ranking #457 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 37 in 2020 to 29 in 2025. Institutions: 15 to 13. Top-three share: 43.4% to 45.1%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Bank First, N.A. | $676M | 23.2% | +38% |
| Oostburg State Bank | $344M | 11.8% | +49% |
| UMB Bank, National Association | $297M | 10.2% | no 2020 presence |
| Wells Fargo Bank, National Association | $285M | 9.8% | -2% |
| Associated Bank, National Association | $270M | 9.3% | +18% |
| BMO Bank National Association | $233M | 8.0% | -7% |
| National Exchange Bank and Trust | $215M | 7.4% | +35% |
| U.S. Bank National Association | $198M | 6.8% | -12% |
| Waldo State Bank | $126M | 4.3% | +54% |
| Cleveland State Bank | $91M | 3.1% | +119% |
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 Sheboygan market
Sheboygan County is the only county in the Sheboygan, WI market, a Metropolitan Statistical Area (ranked #239 of 293 U.S. markets by economic output). It produces 100.0% of the market’s output and holds 100.0% of its deposits.
| Measure | Sheboygan County | Share of Sheboygan market |
|---|---|---|
| 2024 GDP | $7.2B | 100.0% |
| Deposits | $2.9B | 100.0% |
| Population | 118,047 | 100.0% |
See the Sheboygan market in Market Intelligence →
Recruiting in Sheboygan 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 Sheboygan County, on a retained basis.
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