Evansville-Henderson, IN-KY, a Combined Statistical Area, 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 75.2% since 2020 while the branch count fell by 11.0%.
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: 100 in 2020 to 89 in 2025. Institutions: 24 to 21. Top-three share: 70.7% to 78.9%. Deposits per branch: $164M.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Old National Bank | $5.6B | 38.4% | +85% |
| United Fidelity Bank, fsb | $4.0B | 27.1% | +1,038% |
| Fifth Third Bank | $2.0B | 13.4% | -15% |
| 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% |
| LNB Community Bank | $160M | 1.1% | +42% |
| United Community Bank of West Kentucky, Inc. | $101M | 0.7% | +110% |
| Farmers Bank and Trust Company | $71M | 0.5% | +152% |
| Planters Bank, Inc. | $57M | 0.4% | +5% |
| Boonville Federal Savings Bank | $51M | 0.4% | +25% |
| Regions Bank | $35M | 0.2% | 0% |
| First Financial Bank | $26M | 0.2% | +29% |
| U.S. Bank | $26M | 0.2% | +41% |
| Legence Bank | $25M | 0.2% | -27% |
| Sonata Bank | $21M | 0.1% | +8% |
| Woodforest National Bank | $8M | 0.1% | -3% |
The 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. 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 2020 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% | 2.7% |
| Warrick County | Indiana | $2.6B | 66,803 | 11.9% | 7.9% |
| Henderson County | Kentucky | $2.3B | 44,255 | 10.3% | 7.8% |
| 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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