Cheyenne, WY holds $2.9 billion in deposits across 20 insured institutions and 34 branches, ranking #248 of 293 U.S. markets by economic output. U.S. Bank is the largest deposit holder at 20.9% share. The top three institutions hold 43.4% of deposits, which places the market in the fragmented band. Deposits have grown 34% since 2020 while the branch count rose by 4.
Deposit trend
Branches: 30 in 2020 to 34 in 2025. Institutions: 18 to 20. Top-three share: 46.0% to 43.4%. Deposits per branch: $85M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| U.S. Bank | 0.6B | 20.9% | +447% |
| ANB Bank | 0.3B | 11.7% | +33% |
| Wells Fargo Bank | 0.3B | 10.8% | -38% |
| Wyoming Bank & Trust | 0.3B | 9.7% | +39% |
| First Interstate Bank | 0.3B | 8.7% | +6% |
| Jonah Bank of Wyoming | 0.2B | 7.2% | +35% |
| FirsTier Bank | 0.2B | 6.3% | +195% |
| Platte Valley Bank | 0.1B | 3.6% | +30% |
| Banner Capital Bank | 0.1B | 3.5% | +98% |
| Pinnacle Bank - Wyoming | 0.1B | 3.3% | +51% |
The 10 largest of 20 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 |
|---|---|---|---|---|
| Laramie County | Wyoming | $6,650M | 102,938 | 100.0% |
Recruiting in Cheyenne
No single institution dominates deposits here, which usually means more competitors of a size where a strong team can move meaningful share. 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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