Burlington-Fort Madison, IA-IL holds $3.1 billion in deposits across 16 insured institutions and 47 branches, ranking #278 of 293 U.S. markets by economic output. Two Rivers Bank & Trust is the largest deposit holder at 27.6% share. The top three institutions hold 61.1% of deposits, which places the market in the concentrated band. Deposits have grown 19% since 2020 with the branch count unchanged.
Deposit trend
Branches: 47 in 2020 to 47 in 2025. Institutions: 17 to 16. Top-three share: 50.4% to 61.1%. Deposits per branch: $65M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Two Rivers Bank & Trust | 0.8B | 27.6% | +45% |
| Pilot Grove Savings Bank | 0.6B | 19.4% | +36% |
| Connection Bank | 0.4B | 14.1% | +51% |
| Farmers & Merchants Bank & Trust | 0.2B | 6.2% | -8% |
| MidWestOne Bank | 0.2B | 4.8% | -8% |
| Mediapolis Savings Bank | 0.1B | 4.3% | +21% |
| Raritan State Bank | 0.1B | 3.7% | +32% |
| Farmers Savings Bank | 0.1B | 3.6% | +6% |
| First Interstate Bank | 0.1B | 3.6% | new since 2020 |
| Danville State Savings Bank | 0.1B | 3.4% | +5% |
The 10 largest of 16 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 |
|---|---|---|---|---|
| Des Moines County | Iowa | $2,221M | 38,077 | 53.7% |
| Lee County | Iowa | $1,749M | 32,306 | 42.3% |
| Henderson County | Illinois | $165M | 5,984 | 4.0% |
Recruiting in Burlington
Deposits are held closely by the largest institutions, which often means the bankers worth recruiting are inside a small number of houses. 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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