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 banks hold 45% of deposits, which places the county in the Moderate band. Deposits have grown 15.2% since 2020 while the branch count fell by 21.6%. It produces $7.2B of output, ranking #457 of the 1,523 ranked counties by economic output.
Ranks show where the county stands among the 1,523 ranked counties (those within a Combined or Metropolitan Statistical Area that have a branch). They describe relative position, not a rating of market quality or suitability.
Deposit trend
Branches: 37 in 2020 to 29 in 2025. Institutions: 15 to 13. Top-three share: 43% to 45%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Bank First | $676M | 23.2% | +38% |
| Oostburg State Bank | $344M | 11.8% | +49% |
| UMB Bank | $297M | 10.2% | no 2020 presence |
| Wells Fargo Bank | $285M | 9.8% | -2% |
| Associated Bank | $270M | 9.3% | +18% |
| BMO Bank | $233M | 8.0% | -7% |
| National Exchange Bank and Trust | $215M | 7.4% | +35% |
| U.S. Bank | $198M | 6.8% | -12% |
| Waldo State Bank | $126M | 4.3% | +54% |
| Cleveland State Bank | $91M | 3.1% | +119% |
| Hiawatha National Bank | $71M | 2.4% | +278% |
| Johnson Bank | $62M | 2.1% | +4% |
| Collins State Bank | $48M | 1.7% | +68% |
The 13 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, 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. “No 2020 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year. Deposit figures are nominal and are not adjusted for inflation.
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 parent market |
|---|---|---|
| 2024 GDP | $7.2B | 100.0% |
| Deposits | $2.9B | 100.0% |
| Population | 118,047 | 100.0% |
View the full Sheboygan market profile →
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.
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