Billings, MT holds $7.9 billion in deposits across 13 insured institutions and 53 branches, ranking #179 of 293 U.S. markets by economic output. First Interstate Bank is the largest deposit holder at 26.9% share. The top three institutions hold 59.4% of deposits, which places the market in the moderate band. Deposits have grown 30% since 2020 with the branch count unchanged.
Deposit trend
Branches: 53 in 2020 to 53 in 2025. Institutions: 12 to 13. Top-three share: 59.0% to 59.4%. Deposits per branch: $150M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| First Interstate Bank | 2.1B | 26.9% | +37% |
| U.S. Bank | 1.4B | 17.7% | +23% |
| Stockman Bank of Montana | 1.2B | 14.8% | +31% |
| Wells Fargo Bank | 1.0B | 12.6% | +24% |
| Glacier Bank | 0.9B | 11.2% | +24% |
| The Yellowstone Bank | 0.8B | 10.3% | +42% |
| Bank of Bridger | 0.2B | 2.1% | +20% |
| Opportunity Bank of Montana | 0.1B | 1.4% | +149% |
| Little Horn State Bank | 0.1B | 1.1% | +113% |
| Bravera Bank | 0.1B | 0.8% | new since 2020 |
The 10 largest of 13 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 |
|---|---|---|---|---|
| Yellowstone County | Montana | $10,777M | 172,692 | 92.1% |
| Stillwater County | Montana | $504M | 9,445 | 4.3% |
| Carbon County | Montana | $417M | 11,466 | 3.6% |
Recruiting in Billings
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.
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