Evansville-Henderson, IN-KY holds $14.6 billion in deposits across 21 insured institutions and 89 branches, ranking #125 of 293 U.S. markets by economic output. Old National Bank is the largest deposit holder at 38.4% share. The top three institutions hold 78.9% of deposits, which places the market in the concentrated band. Deposits have grown 75% since 2020 while the branch count fell by 11.
Deposit trend
Branches: 100 in 2020 to 89 in 2025. Institutions: 24 to 21. Top-three share: 70.7% to 78.9%. Deposits per branch: $164M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Old National Bank | 5.6B | 38.4% | +85% |
| United Fidelity Bank, fsb | 4.0B | 27.1% | +1038% |
| Fifth Third Bank | 2.0B | 13.4% | -14% |
| German American Bank | 0.6B | 3.9% | -3% |
| Field & Main Bank | 0.5B | 3.6% | +46% |
| First Federal Savings Bank | 0.4B | 2.9% | +78% |
| Independence Bank of Kentucky | 0.4B | 2.4% | -13% |
| Banterra Bank | 0.3B | 2.0% | +40% |
| Peoples Trust and Savings Bank | 0.2B | 1.3% | +24% |
| The First National Bank of Carmi | 0.2B | 1.1% | +34% |
The 10 largest of 21 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 |
|---|---|---|---|---|
| Vanderburgh County | Indiana | $12,157M | 181,995 | 55.0% |
| Posey County | Indiana | $4,640M | 24,988 | 21.0% |
| Warrick County | Indiana | $2,632M | 66,803 | 11.9% |
| Henderson County | Kentucky | $2,276M | 44,255 | 10.3% |
| Webster County | Kentucky | $406M | 12,929 | 1.8% |
Recruiting in Evansville
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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