Washington County, Wisconsin, a county in the Milwaukee-Racine-Waukesha, WI market, holds $3.7B in deposits across 13 insured institutions and 36 branches. BMO Bank National Association is the largest deposit holder at 18.6% share. The top three institutions hold 43.6% of deposits, which places the county in the fragmented band. Deposits have grown 6.9% since 2020 while the branch count fell by 3. It produces $7.0B of output, ranking #474 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 39 in 2020 to 36 in 2025. Institutions: 15 to 13. Top-three share: 45.0% to 43.6%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| BMO Bank National Association | $681M | 18.6% | +11% |
| Westbury Bank | $517M | 14.1% | -5% |
| Associated Bank, National Association | $399M | 10.9% | +35% |
| Bank Five Nine | $385M | 10.5% | +68% |
| JPMorgan Chase Bank, National Association | $348M | 9.5% | +17% |
| FORTE BANK | $341M | 9.3% | +46% |
| U.S. Bank National Association | $289M | 7.9% | +40% |
| State Bank of Newburg | $238M | 6.5% | +56% |
| WaterStone Bank, SSB | $127M | 3.5% | +14% |
| Horicon Bank | $125M | 3.4% | +20% |
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 Milwaukee-Racine-Waukesha market
Washington County is one of 8 counties that make up the Milwaukee-Racine-Waukesha, WI market, a Combined Statistical Area (ranked #37 of 293 U.S. markets by economic output). It produces 5.4% of the market’s output and holds 4.2% of its deposits.
| Measure | Washington County | Share of Milwaukee-Racine-Waukesha market |
|---|---|---|
| 2024 GDP | $7.0B | 5.4% |
| Deposits | $3.7B | 4.2% |
| Population | 139,238 | 6.8% |
View the full Milwaukee-Racine-Waukesha market profile →
Recruiting in Washington County
Deposits are spread across a competitive field of institutions, so the bankers worth recruiting are dispersed across more of them. 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.
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