Lafayette-West Lafayette-Frankfort, IN

Lafayette-West Lafayette-Frankfort, IN holds $6.2 billion in deposits across 24 insured institutions and 79 branches, ranking #158 of 293 U.S. markets by economic output. First Merchants Bank is the largest deposit holder at 20.8% share. The top three institutions hold 47.9% of deposits, which places the market in the moderate band. Deposits have grown 26% since 2020 while the branch count fell by 7.

Deposit trend

Branches: 86 in 2020 to 79 in 2025. Institutions: 23 to 24. Top-three share: 50.5% to 47.9%. Deposits per branch: $78M.

Leading institutions by deposits

Institution	Deposits	Share	Branches	5‑yr
First Merchants Bank	1.3B	20.8%	9	+23%
JPMorgan Chase Bank	1.2B	18.8%	3	+13%
The Farmers Bank, Frankfort, Indiana	0.5B	8.3%	6	+44%
Centier Bank	0.4B	5.9%	5	+207%
Regions Bank	0.4B	5.7%	6	-12%
Horizon Bank	0.3B	5.3%	5	+2%
Old National Bank	0.3B	4.9%	3	+16%
The Fountain Trust Company	0.2B	3.3%	7	+108%
First Financial Bank	0.2B	3.2%	4	+16%
The Huntington National Bank	0.2B	3.1%	2	+9%

The 10 largest of 24 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	Share of deposits
Tippecanoe County	Indiana	$11,169M	190,456	72.8%	63.2%
Clinton County	Indiana	$1,575M	33,322	10.3%	11.5%
White County	Indiana	$1,146M	25,164	7.5%	11.9%
Carroll County	Indiana	$728M	20,655	4.7%	6.5%
Benton County	Indiana	$462M	8,883	3.0%	4.8%
Warren County	Indiana	$271M	8,474	1.8%	2.2%