Albuquerque-Santa Fe-Los Alamos, NM holds $25.5 billion in deposits across 27 insured institutions and 186 branches, ranking #60 of 293 U.S. markets by economic output. Bank of America is the largest deposit holder at 20.2% share. The top three institutions hold 49.9% of deposits, which places the market in the moderate band. Deposits have grown 7% since 2020 while the branch count fell by 19.
Deposit trend
Branches: 205 in 2020 to 186 in 2025. Institutions: 23 to 27. Top-three share: 56.0% to 49.9%. Deposits per branch: $137M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Bank of America | 5.2B | 20.2% | +25% |
| Wells Fargo Bank | 5.1B | 20.1% | -28% |
| BOKF | 2.4B | 9.5% | +21% |
| UMB Bank | 2.2B | 8.5% | new since 2020 |
| U.S. Bank | 1.9B | 7.3% | +26% |
| Enterprise Bank & Trust | 1.5B | 5.8% | +31% |
| Century Bank | 1.3B | 5.0% | +36% |
| Sunflower Bank | 1.1B | 4.5% | +9% |
| BMO Bank | 1.1B | 4.2% | new since 2020 |
| Washington Federal Bank | 1.0B | 3.9% | +110% |
The 10 largest of 27 insured institutions with a branch presence, as of June 30, 2025. Five-year change compares the same institution's deposits in 2020 and 2025; an acquirer absorbs the balances of banks it bought.
Counties in this market
| County | State | GDP | Population | Share of GDP |
|---|---|---|---|---|
| Bernalillo County | New Mexico | $43,536M | 667,601 | 68.0% |
| Santa Fe County | New Mexico | $7,873M | 156,907 | 12.3% |
| Sandoval County | New Mexico | $4,835M | 159,565 | 7.6% |
| Los Alamos County | New Mexico | $3,273M | 19,407 | 5.1% |
| Valencia County | New Mexico | $1,844M | 82,013 | 2.9% |
| Rio Arriba County | New Mexico | $1,080M | 39,832 | 1.7% |
| San Miguel County | New Mexico | $783M | 26,260 | 1.2% |
| Torrance County | New Mexico | $683M | 16,100 | 1.1% |
| Mora County | New Mexico | $127M | 4,051 | 0.2% |
Recruiting in Albuquerque
Deposits are neither closely held nor widely dispersed, which usually leaves room for a well-led team to take share without competing head-on with a dominant holder. 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 this one, on a retained basis.
Start a confidential conversation