Market Intelligence

Will County, IL

Banking market profile · FDIC Summary of Deposits, June 30, 2025

Will County, Illinois, a core county of the Chicago-Naperville, IL-IN-WI market, holds $22.9B in deposits across 34 insured institutions and 159 branches. Old National Bank is the largest deposit holder at 30.6% share. The top three institutions hold 60.2% of deposits, which places the county in the concentrated band. Deposits have grown 46.2% since 2020 while the branch count fell by 12.6%. It produces $38.1B of output, ranking #122 of the 1,523 ranked counties by economic output.

Economic scale
2024 Real GDP
$38.1B
#122 of 1,523
Population
712,253
#99 of 1,523
GDP per Capita
$53,559
#488 of 1,523
Deposit market
Total Deposits
$22.9B
#105 of 1,523
Deposits per Capita
$32,146
#303 of 1,523
Deposits per Branch
$144M
#218 of 1,523
Competitive structure
Insured Institutions
34
#68 of 1,523
Branches per 100k Pop.
22.3
#869 of 1,523
Median Deposits per Institution
$188M
The median deposits booked by a single institution in the county. #362 of 1,523. A lower figure means institutions typically hold smaller deposit positions here; it reflects local deposit presence, not an institution’s overall size. See Community & Regional Bank Share for institution scale.
Community & Regional Bank Share
22.6%
of county deposits held by banks with $100M to $50B in assets. #1,342 of 1,523. A higher share points to a market where small to mid-size institutions, the kind that compete on relationships and local decision-making, hold more ground.
Top-3 Deposit Share: concentrated
60.2%
The combined deposit share of the three largest institutions in the county. A lower share means deposits are spread across more institutions.

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

Total county deposits (nominal), 2020 to 2025+46.2% over 5 years
$15.7B
2020
$18.2B
2021
$18.3B
2022
$20.3B
2023
$21.4B
2024
$22.9B
2025

Branches: 182 in 2020 to 159 in 2025. Institutions: 40 to 34. Top-three share: 52.7% to 60.2%.

Institutions by deposits

InstitutionDepositsShareBranches5‑yr
Old National Bank$7.0B30.6%16+206%
JPMorgan Chase Bank$3.8B16.7%19+37%
BMO Bank$3.0B12.9%21-7%
Old Plank Trail Community Bank$2.0B8.7%9+66%
PNC Bank$948M4.1%9+20%
Bank of America$794M3.5%10+6%
Fifth Third Bank$666M2.9%6+83%
Busey Bank$597M2.6%6+7%
The Huntington National Bank$555M2.4%8+23%
U.S. Bank$554M2.4%8+55%
Midland States Bank$283M1.2%4+59%
Old Second National Bank$272M1.2%5+112%
First American Bank$254M1.1%6+14%
First Bank of Manhattan$247M1.1%3+37%
Citibank$238M1.0%1+62%
PeopleFirst Bank$213M0.9%2+70%
First Secure Community Bank$196M0.9%1+64%
CIBC Bank USA$181M0.8%2-25%
Heartland Bank and Trust Company$169M0.7%3+26%
First Community Bank and Trust$167M0.7%2+22%
Town Center Bank$121M0.5%2+21%
Marquette Bank$117M0.5%2+7%
Hometown National Bank$89M0.4%1+48%
Grundy Bank$86M0.4%1+15%
Providence Bank & Trust$77M0.3%1+31%
Republic Bank of Chicago$75M0.3%1+10%
BankFinancial$66M0.3%1-13%
First Federal Savings Bank$38M0.2%1+25%
First Secure Bank and Trust Co.$34M0.1%1no 2020 presence
Wheaton Bank & Trust$30M0.1%1+47%
First Savings Bank of Hegewisch$25M0.1%1+39%
Woodforest National Bank$13M0.1%3+21%
Midland Federal Savings and Loan Association$10M0.0%1-9%
The Lemont National Bank$1M0.0%1-66%

The 34 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. “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 Chicago-Naperville market

Will County is one of 19 counties that make up the Chicago-Naperville, IL-IN-WI market, a Combined Statistical Area (ranked #5 of 293 U.S. markets by economic output). It produces 5.1% of the market’s output and holds 3.7% of its deposits.

MeasureWill CountyShare of parent market
2024 GDP$38.1B5.1%
Deposits$22.9B3.7%
Population712,2537.1%

View the full Chicago-Naperville market profile →

Recruiting in Will 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 Will County.

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