Washington County, Utah, a core county of the St. George, UT market, holds $4.0B in deposits across 10 insured institutions and 32 branches. Zions Bancorporation is the largest deposit holder at 30.1% share. The top three banks hold 67% of deposits, which places the county in the Concentrated band. Deposits have grown 7.2% since 2021 while the branch count rose by 10.3%. It produced $8.8B of real gross domestic product in 2024, ranking #399 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: 29 in 2021 to 32 in 2026. Institutions: 8 to 10. Top-three share: 67% to 67%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Zions Bancorporation | $1.2B | 30.1% | +12% |
| State Bank of Southern Utah | $744M | 18.8% | +26% |
| Cache Valley Bank | $724M | 18.3% | +14% |
| Wells Fargo Bank | $560M | 14.1% | -29% |
| JPMorgan Chase Bank | $326M | 8.2% | +19% |
| U.S. Bank | $193M | 4.9% | +41% |
| Glacier Bank | $128M | 3.2% | -7% |
| Quill Bank | $43M | 1.1% | no 2021 presence |
| Bank of Utah | $33M | 0.8% | no 2021 presence |
| NBH Bank | $18M | 0.5% | -71% |
The 10 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, June 30, 2026. Five-year change compares the same institution’s county deposits in 2021 and 2026. 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 2021 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 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 parent market |
|---|---|---|
| 2024 GDP | $8.8B | 100.0% |
| Deposits | $4.0B | 100.0% |
| Population | 213,670 | 100.0% |
View the full St. George market profile →
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.
See how we help banks recruit commercial banking talent