Grand Rapids-Wyoming, MI, a Combined Statistical Area, holds $36.8 billion in deposits across 30 insured institutions and 302 branches, ranking #48 of 293 U.S. markets by economic output. The Huntington National Bank is the largest deposit holder at 18.1% share. The top three institutions hold 47.1% of deposits, which places the market in the moderate band. Deposits have grown 16.5% since 2020 while the branch count fell by 20.3%.
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: 379 in 2020 to 302 in 2025. Institutions: 33 to 30. Top-three share: 43.3% to 47.1%. Deposits per branch: $122M.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| The Huntington National Bank | $6.7B | 18.1% | +4% |
| Fifth Third Bank | $6.2B | 16.7% | -15% |
| Northpointe Bank | $4.5B | 12.2% | +196% |
| Macatawa Bank | $2.9B | 8.0% | +38% |
| JPMorgan Chase Bank | $2.9B | 8.0% | +6% |
| Mercantile Bank | $2.5B | 6.9% | +39% |
| Independent Bank | $1.4B | 3.9% | -8% |
| PNC Bank | $1.4B | 3.7% | -8% |
| ChoiceOne Bank | $1.2B | 3.3% | +113% |
| West Michigan Community Bank | $0.9B | 2.5% | +59% |
| United Bank of Michigan | $864M | 2.3% | +34% |
| Comerica Bank | $856M | 2.3% | +2% |
| Bank of America | $775M | 2.1% | -30% |
| Highpoint Community Bank | $539M | 1.5% | +95% |
| Flagstar Bank | $495M | 1.3% | +26% |
| Isabella Bank | $446M | 1.2% | +36% |
| Grand River Bank | $431M | 1.2% | +27% |
| Old National Bank | $388M | 1.1% | +6% |
| First National Bank of America | $225M | 0.6% | +18% |
| Horizon Bank | $225M | 0.6% | +126% |
| Union Bank | $175M | 0.5% | +41% |
| First National Bank of Michigan | $163M | 0.4% | +43% |
| Sidney State Bank | $132M | 0.4% | +69% |
| The Shelby State Bank | $124M | 0.3% | +17% |
| Commercial Bank | $82M | 0.2% | +18% |
| First Merchants Bank | $66M | 0.2% | no 2020 presence |
| First Community Bank | $47M | 0.1% | +8% |
| The Northern Trust Company | $44M | 0.1% | -25% |
| Lake-Osceola State Bank | $28M | 0.1% | +84% |
| Eaton Community Bank | $25M | 0.1% | +1% |
The 30 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 | |
|---|---|---|---|---|---|
| Kent County | Michigan | $47.1B | 675,232 | 57.5% | 66.2% |
| Ottawa County | Michigan | $16.4B | 308,459 | 20.0% | 15.9% |
| Muskegon County | Michigan | $6.7B | 177,901 | 8.2% | 5.8% |
| Allegan County | Michigan | $5.1B | 123,188 | 6.3% | 3.9% |
| Ionia County | Michigan | $1.9B | 66,557 | 2.3% | 2.0% |
| Barry County | Michigan | $1.8B | 63,991 | 2.2% | 1.7% |
| Montcalm County | Michigan | $1.6B | 69,406 | 2.0% | 2.6% |
| Mecosta County | Michigan | $1.3B | 42,320 | 1.6% | 1.9% |
Recruiting in the Grand Rapids-Wyoming 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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