Washington County, Utah, a core county of the St. George, UT market, holds $3.9B in deposits across 10 insured institutions and 32 branches. Zions Bancorporation, N.A. is the largest deposit holder at 30.9% share. The top three institutions hold 67.5% of deposits, which places the county in the concentrated band. Deposits have grown 28.1% since 2020 while the branch count rose by 2. It produces $8.8B of output, ranking #399 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 30 in 2020 to 32 in 2025. Institutions: 8 to 10. Top-three share: 68.2% to 67.5%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Zions Bancorporation, N.A. | $1.2B | 30.9% | +41% |
| State Bank of Southern Utah | $728M | 18.7% | +63% |
| Cache Valley Bank | $698M | 17.9% | +44% |
| Wells Fargo Bank, National Association | $557M | 14.3% | -24% |
| JPMorgan Chase Bank, National Association | $310M | 8.0% | +37% |
| U.S. Bank National Association | $187M | 4.8% | +39% |
| Glacier Bank | $134M | 3.4% | no 2020 presence |
| Capital Community Bank | $28M | 0.7% | no 2020 presence |
| Bank of Utah | $26M | 0.7% | no 2020 presence |
| NBH Bank | $22M | 0.6% | no 2020 presence |
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 St. George market
Washington County is the only county in the St. George, UT market, a Metropolitan Statistical Area (ranked #210 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 | Washington County | Share of St. George market |
|---|---|---|
| 2024 GDP | $8.8B | 100.0% |
| Deposits | $3.9B | 100.0% |
| Population | 213,670 | 100.0% |
See the St. George market in Market Intelligence →
Recruiting in Washington 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 Washington County, on a retained basis.
Start a confidential conversation