Evansville-Henderson, IN-KY, a Combined Statistical Area, holds $15.1 billion in deposits across 21 insured institutions and 89 branches, and ranks #125 of 293 U.S. markets by economic output. Old National Bank is the largest deposit holder at 41.4% share. The top three banks hold 79% of deposits, which places the market in the Concentrated band. Deposits have grown 71.3% since 2021 while the branch count fell by 5.3%.
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: 94 in 2021 to 89 in 2026. Institutions: 22 to 21. Top-three share: 67% to 79%. Average deposits per branch: $170M.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Old National Bank | $6.2B | 41.4% | +111% |
| United Fidelity Bank, fsb | $3.8B | 25.2% | +526% |
| Fifth Third Bank | $1.8B | 12.1% | -23% |
| German American Bank | $655M | 4.3% | +8% |
| Stock Yards Bank & Trust Company | $586M | 3.9% | +42% |
| First Federal Savings Bank | $405M | 2.7% | +51% |
| Independence Bank of Kentucky | $348M | 2.3% | -22% |
| Banterra Bank | $283M | 1.9% | +4% |
| Peoples Trust and Savings Bank | $192M | 1.3% | +9% |
| The First National Bank of Carmi | $177M | 1.2% | +17% |
| LNB Community Bank | $161M | 1.1% | +18% |
| United Community Bank of West Kentucky, Inc. | $101M | 0.7% | -17% |
| Farmers Bank and Trust Company | $81M | 0.5% | +192% |
| Planters Bank, Inc. | $60M | 0.4% | +17% |
| Boonville Federal Savings Bank | $53M | 0.4% | +22% |
| Regions Bank | $35M | 0.2% | -3% |
| U.S. Bank | $28M | 0.2% | +35% |
| Sonata Bank | $20M | 0.1% | +5% |
| Legence Bank | $20M | 0.1% | -44% |
| First Financial Bank | $14M | 0.1% | -59% |
| Woodforest National Bank | $7M | <0.1% | -13% |
The 21 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 | |
|---|---|---|---|---|---|
| Vanderburgh County | Indiana | $12.2B | 181,995 | 55.0% | 79.4% |
| Posey County | Indiana | $4.6B | 24,988 | 21.0% | 3.0% |
| Warrick County | Indiana | $2.6B | 66,803 | 11.9% | 7.9% |
| Henderson County | Kentucky | $2.3B | 44,255 | 10.3% | 7.7% |
| Webster County | Kentucky | $406M | 12,929 | 1.8% | 2.1% |
Recruiting in the Evansville-Henderson 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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