El Paso-Las Cruces, TX-NM, a Combined Statistical Area, holds $14.7 billion in deposits across 25 insured institutions and 124 branches, and ranks #72 of 293 U.S. markets by economic output. Wells Fargo Bank is the largest deposit holder at 21.8% share. The top three banks hold 55% of deposits, which places the market in the Moderate band.
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
Branches: 133 in 2021 to 124 in 2026. Institutions: 25 to 25. Top-three share: 58% to 55%. Average deposits per branch: $119M.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Wells Fargo Bank | $3.2B | 21.8% | -22% |
| WestStar Bank | $2.8B | 19.3% | +27% |
| JPMorgan Chase Bank | $2.0B | 13.6% | +7% |
| Bank of America | $1.6B | 10.6% | -11% |
| Citizens Bank of Las Cruces | $952M | 6.5% | +30% |
| PNC Bank | $790M | 5.4% | -11% |
| Sunflower Bank | $706M | 4.8% | +64% |
| Vantage Bank Texas | $606M | 4.1% | +110% |
| First American Bank | $323M | 2.2% | -29% |
| First National Bank Texas | $247M | 1.7% | +43% |
| City Bank | $246M | 1.7% | +51% |
| Bank of Texas | $161M | 1.1% | +121% |
| Pioneer Bank | $154M | 1.0% | +7% |
| U.S. Bank | $148M | 1.0% | +28% |
| First New Mexico Bank, Las Cruces | $146M | 1.0% | +7% |
| First Savings Bank | $138M | 0.9% | +33% |
| BMO Bank | $111M | 0.8% | -1% |
| Southwest Heritage Bank | $96M | 0.7% | +45% |
| WaFd Bank | $66M | 0.4% | +10% |
| TexasBank | $61M | 0.4% | no 2021 presence |
| Armed Forces Bank | $56M | 0.4% | +32% |
| Century Bank | $30M | 0.2% | +22% |
| Bank of the Southwest | $29M | 0.2% | +3% |
| The Pecos County State Bank | $25M | 0.2% | -1% |
| Members Trust Company | $0M | 0.0% | no 2021 presence |
The 25 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
| County | State | GDP | Population | Share of Market GDP | |
|---|---|---|---|---|---|
| El Paso County | Texas | $42.3B | 877,858 | 82.3% | 77.6% |
| Doña Ana County | New Mexico | $8.9B | 229,091 | 17.3% | 22.2% |
| Hudspeth County | Texas | $173M | 3,433 | 0.3% | 0.2% |
Recruiting in the El Paso-Las Cruces market
Deposits are moderately concentrated here, held by a mix of institutions rather than dominated by one. 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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