Market Intelligence

Detroit-Warren-Ann Arbor, MI

Banking market profile · FDIC Summary of Deposits (SOD), June 30, 2026
Market Intelligence › Detroit-Warren-Ann Arbor, MI

Detroit-Warren-Ann Arbor, MI, a Combined Statistical Area, holds $205.8 billion in deposits across 43 insured institutions and 896 branches, and ranks #14 of 293 U.S. markets by economic output. JPMorgan Chase Bank is the largest deposit holder at 28.3% share. The top three banks hold 62% of deposits, which places the market in the Concentrated band. Deposits have declined 8.1% since 2021 while the branch count fell by 15.8%.

Economic scale
2024 Real GDP
$336.6B
#14 of 293
Population
5.42M
#12 of 293
GDP per Capita
$62,150
#76 of 293
Deposit market
Deposits (SOD, 6/30/26)
$205.8B
#17 of 293
Deposits per Capita
$37,992
#61 of 293
Deposits per Branch
$230M
#29 of 293
Competitive structure
Insured Institutions
43
#46 of 293
Branches per 100k Pop.
16.5
#249 of 293
Median Deposits per Institution
$363M
The median deposits booked by a single institution in the market. #61 of 293. A lower figure means institutions typically hold smaller deposit positions here; it reflects local deposit presence, not an institution’s overall size. See Community & Regional Bank Share for institution scale.
Community & Regional Bank Share
16.3%
of market deposits held by banks with $100M to $100B in assets. #284 of 293. A higher share points to a market where small to mid-size institutions, the kind that compete on relationships and local decision-making, hold more ground.
Top-3 Banks’ Deposit Share: Concentrated
62%
The combined deposit share of the top three banks by deposits in the market. A lower share means deposits are spread across more institutions.

Ranks show where the market stands among the 293 markets (Combined and Metropolitan Statistical Areas). They describe relative position, not a rating of market quality or suitability.

Deposit trend

Market Deposits (SOD, 2021 to 2026) -8.1% over 5 years
$224.0B
2021
$221.5B
2022
$204.5B
2023
$220.6B
2024
$209.9B
2025
$205.8B
2026

Branches: 1,064 in 2021 to 896 in 2026. Institutions: 50 to 43. Top-three share: 59% to 62%. Average deposits per branch: $230M.

Institutions by deposits

InstitutionDepositsShare Branches5‑yr
deposits
JPMorgan Chase Bank$58.2B28.3%124-14%
Fifth Third Bank$41.7B20.2%189-7%
Bank of America$27.5B13.3%62-5%
The Huntington National Bank$21.1B10.2%138-10%
PNC Bank$15.8B7.7%68-9%
Flagstar Bank$14.5B7.1%63-3%
Citizens Bank$6.4B3.1%61-4%
Bank of Ann Arbor$2.8B1.4%18+3%
First Merchants Bank$2.4B1.2%30-28%
ChoiceOne Bank$1.8B0.9%22+13%
KeyBank$1.5B0.7%19-30%
Old National Bank$1.5B0.7%10+59%
CIBC Bank USA$1.4B0.7%1-19%
First State Bank$1.2B0.6%11+36%
Independent Bank$1.1B0.5%10+82%
University Bank$1.1B0.5%2+82%
Oxford Bank$783M0.4%8+21%
Northstar Bank$590M0.3%5+37%
First Independence Bank$511M0.2%2+112%
Citizens State Bank$464M0.2%2no 2021 presence
WesBanco Bank, Inc.$421M0.2%5-4%
Chelsea State Bank$363M0.2%3-1%
Waterford Bank$287M0.1%2-10%
Huron Valley State Bank$261M0.1%3+28%
Tri-County Bank$257M0.1%6+11%
Mi Bank$221M0.1%1+85%
Eastern Michigan Bank$211M0.1%6+18%
County National Bank$210M0.1%3+102%
Dearborn Federal Savings Bank$198M0.1%5+3%
Mercantile Bank$194M0.1%1+82%
The Northern Trust Company$166M0.1%1-11%
Superior National Bank$140M0.1%2-46%
Liberty Bank and Trust Company$105M0.1%1+172%
Blissfield State Bank$105M0.1%1-1%
The Farmers & Merchants State Bank$99M<0.1%2no 2021 presence
Community Unity Bank$86M<0.1%1no 2021 presence
Bank Michigan$72M<0.1%2+38%
Horizon Bank$34M<0.1%1-81%
First Community Bank$16M<0.1%1+184%
JPMorgan Chase Bank, Dearborn$0M<0.1%10%
Wilmington Trust$0M0.0%1no 2021 presence
Wells Fargo Bank$0M0.0%1no 2021 presence
CIBC National Trust Company$0M0.0%1no 2021 presence

The 43 insured institutions with a branch presence in this market, per the FDIC Summary of Deposits, June 30, 2026. Five-year change compares the same institution’s deposits in 2021 and 2026. Institutions are tracked by FDIC certificate number, and where an institution acquired another bank, the acquired bank’s prior deposits are folded into the baseline so the change reflects the combined, continuing franchise rather than reading as new. “No 2021 presence” means neither the institution nor a bank it later absorbed reported deposits in this market that year. Deposit figures are nominal and are not adjusted for inflation.

Counties in this market

CountyStateGDP PopulationShare of Market GDP Share of Market Deposits
Oakland CountyMichigan$115.9B1,288,33734.4%37.6%
Wayne CountyMichigan$106.0B1,769,03831.5%37.2%
Macomb CountyMichigan$44.1B886,22113.1%10.3%
Washtenaw CountyMichigan$28.1B370,2148.3%5.8%
Genesee CountyMichigan$16.5B401,0934.9%2.6%
Livingston CountyMichigan$7.9B197,3152.4%2.2%
Monroe CountyMichigan$6.3B156,0041.9%1.5%
St. Clair CountyMichigan$5.9B160,4861.7%1.4%
Lenawee CountyMichigan$3.4B97,7791.0%0.7%
Lapeer CountyMichigan$2.5B89,5160.8%0.8%

Recruiting in the Detroit-Warren-Ann Arbor market

Deposits are held closely by the largest banks, which often means the bankers worth recruiting are inside a small number of institutions. 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.

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Other markets in Michigan

All 293 markets and the 1,523 counties with a branch within a CSA or MSA are covered in the Market Intelligence resource. See the methodology for how each figure is built and when to expect updates, or the disclaimer for how this data should, and should not, be read.