Chicago-Naperville, IL-IN-WI holds $616.0 billion in deposits across 178 insured institutions and 2,322 branches, ranking #5 of 293 U.S. markets by economic output. JPMorgan Chase Bank is the largest deposit holder at 19.6% share. The top three institutions hold 44.5% of deposits, which places the market in the fragmented band. Deposits have grown 17% since 2020 while the branch count fell by 334.
Deposit trend
Branches: 2,656 in 2020 to 2,322 in 2025. Institutions: 198 to 178. Top-three share: 46.0% to 44.5%. Deposits per branch: $265M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| JPMorgan Chase Bank | 121.0B | 19.6% | +8% |
| BMO Bank | 107.1B | 17.4% | +28% |
| Bank of America | 46.1B | 7.5% | -0% |
| CIBC Bank USA | 44.9B | 7.3% | +65% |
| The Northern Trust Company | 36.9B | 6.0% | +7% |
| Fifth Third Bank | 27.0B | 4.4% | -8% |
| PNC Bank | 19.5B | 3.2% | +17% |
| Old National Bank | 18.1B | 2.9% | new since 2020 |
| U.S. Bank | 14.4B | 2.3% | +13% |
| Citibank | 13.6B | 2.2% | -11% |
The 10 largest of 178 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 |
|---|---|---|---|---|
| Cook County | Illinois | $432,557M | 5,194,625 | 57.5% |
| DuPage County | Illinois | $101,730M | 934,298 | 13.5% |
| Lake County | Illinois | $65,290M | 719,339 | 8.7% |
| Will County | Illinois | $38,147M | 712,253 | 5.1% |
| Kane County | Illinois | $28,613M | 525,757 | 3.8% |
| Lake County | Indiana | $24,764M | 504,612 | 3.3% |
| McHenry County | Illinois | $12,113M | 317,751 | 1.6% |
| Porter County | Indiana | $8,129M | 176,049 | 1.1% |
| Kenosha County | Wisconsin | $7,957M | 168,448 | 1.1% |
| Kankakee County | Illinois | $6,808M | 105,525 | 0.9% |
| LaSalle County | Illinois | $5,827M | 107,773 | 0.8% |
| Grundy County | Illinois | $4,742M | 54,052 | 0.6% |
| LaPorte County | Indiana | $4,461M | 111,294 | 0.6% |
| DeKalb County | Illinois | $4,287M | 101,835 | 0.6% |
| Kendall County | Illinois | $4,063M | 145,470 | 0.5% |
| Jasper County | Indiana | $1,477M | 33,894 | 0.2% |
| Bureau County | Illinois | $1,173M | 32,510 | 0.2% |
| Newton County | Indiana | $364M | 14,188 | 0.0% |
| Putnam County | Illinois | $317M | 5,619 | 0.0% |
Recruiting in Chicago
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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