Tazewell County, Illinois, a core county of the Peoria-Canton, IL market, holds $3.7B in deposits across 17 insured institutions and 39 branches. Morton Community Bank is the largest deposit holder at 65.3% share. The top three institutions hold 78.2% of deposits, which places the county in the concentrated band. Deposits have grown 20.4% since 2020 while the branch count fell by 8. It produces $5.8B of output, ranking #537 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 47 in 2020 to 39 in 2025. Institutions: 17 to 17. Top-three share: 75.1% to 78.2%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Morton Community Bank | $2.4B | 65.3% | +30% |
| Heartland Bank and Trust Company | $252M | 6.8% | +5% |
| PNC Bank, National Association | $222M | 6.0% | +16% |
| Busey Bank | $219M | 5.9% | +5% |
| Bank of Pontiac | $144M | 3.9% | no 2020 presence |
| The First National Bank in Tremont | $112M | 3.0% | +28% |
| First Security Bank | $79M | 2.1% | +38% |
| Washington State Bank | $70M | 1.9% | +29% |
| Regions Bank | $61M | 1.6% | +18% |
| Community Partners Savings Bank | $35M | 1.0% | -15% |
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 Peoria-Canton market
Tazewell County is one of 6 counties that make up the Peoria-Canton, IL market, a Combined Statistical Area (ranked #126 of 293 U.S. markets by economic output). It produces 26.5% of the market’s output and holds 33.6% of its deposits.
| Measure | Tazewell County | Share of Peoria-Canton market |
|---|---|---|
| 2024 GDP | $5.8B | 26.5% |
| Deposits | $3.7B | 33.6% |
| Population | 130,049 | 32.8% |
View the full Peoria-Canton market profile →
Recruiting in Tazewell 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 Tazewell County, on a retained basis.
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