Lafayette-West Lafayette-Frankfort, IN, a Combined Statistical Area, holds $6.5 billion in deposits across 24 insured institutions and 79 branches, and ranks #158 of 293 U.S. markets by economic output. First Merchants Bank is the largest deposit holder at 24.8% share. The top three banks hold 51% of deposits, which places the market in the Moderate band. Deposits have grown 16.0% since 2021 while the branch count fell by 4.8%.
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: 83 in 2021 to 79 in 2026. Institutions: 22 to 24. Top-three share: 52% to 51%. Average deposits per branch: $83M.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| First Merchants Bank | $1.6B | 24.8% | +32% |
| JPMorgan Chase Bank | $1.2B | 18.4% | -3% |
| The Farmers Bank, Frankfort, Indiana | $525M | 8.0% | +33% |
| Centier Bank | $375M | 5.7% | +142% |
| Regions Bank | $345M | 5.3% | -23% |
| Horizon Bank | $301M | 4.6% | -9% |
| Old National Bank | $285M | 4.4% | -4% |
| The Fountain Trust Company | $209M | 3.2% | +32% |
| The Farmers and Merchants Bank | $194M | 3.0% | +26% |
| Bank of Wolcott | $193M | 2.9% | +31% |
| First Financial Bank | $192M | 2.9% | +4% |
| The Huntington National Bank | $188M | 2.9% | +2% |
| Fifth Third Bank | $172M | 2.6% | +19% |
| Alliance Bank | $158M | 2.4% | +26% |
| 1st Source Bank | $116M | 1.8% | -7% |
| Fowler State Bank | $107M | 1.6% | -12% |
| First Farmers Bank & Trust Co. | $102M | 1.6% | +187% |
| Flagstar Bank | $83M | 1.3% | +32% |
| Security Federal Savings Bank | $78M | 1.2% | +38% |
| State Bank | $31M | 0.5% | no 2021 presence |
| Kentland Bank | $29M | 0.4% | +26% |
| Peoples Community Bank SB of Monticello, Indiana | $19M | 0.3% | +1% |
| Community State Bank | $15M | 0.2% | no 2021 presence |
| Woodforest National Bank | $2M | <0.1% | -22% |
The 24 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 | |
|---|---|---|---|---|---|
| Tippecanoe County | Indiana | $11.2B | 190,456 | 72.8% | 60.2% |
| Clinton County | Indiana | $1.6B | 33,322 | 10.3% | 10.9% |
| White County | Indiana | $1.1B | 25,164 | 7.5% | 17.1% |
| Carroll County | Indiana | $728M | 20,655 | 4.7% | 5.5% |
| Benton County | Indiana | $462M | 8,883 | 3.0% | 4.4% |
| Warren County | Indiana | $271M | 8,474 | 1.8% | 1.9% |
Recruiting in the Lafayette-West Lafayette-Frankfort 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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