Lafayette-West Lafayette-Frankfort, IN, a Combined Statistical Area, 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 26.4% since 2020 while the branch count fell by 8.1%.
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: 86 in 2020 to 79 in 2025. Institutions: 23 to 24. Top-three share: 50.5% to 47.9%. Deposits per branch: $78M.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| First Merchants Bank | $1.3B | 20.8% | +23% |
| JPMorgan Chase Bank | $1.2B | 18.8% | +13% |
| The Farmers Bank, Frankfort, Indiana | $0.5B | 8.3% | +44% |
| Centier Bank | $0.4B | 5.9% | +207% |
| Regions Bank | $0.4B | 5.7% | -12% |
| Horizon Bank | $0.3B | 5.3% | +2% |
| Old National Bank | $0.3B | 4.9% | +16% |
| The Fountain Trust Company | $0.2B | 3.3% | +108% |
| First Financial Bank | $0.2B | 3.2% | +16% |
| The Huntington National Bank | $0.2B | 3.1% | +9% |
| The Farmers and Merchants Bank | $188M | 3.0% | +54% |
| Bank of Wolcott | $183M | 3.0% | +43% |
| Fifth Third Bank | $162M | 2.6% | +16% |
| Alliance Bank | $161M | 2.6% | +46% |
| 1st Source Bank | $126M | 2.0% | +4% |
| Fowler State Bank | $109M | 1.8% | +4% |
| First Farmers Bank & Trust Co. | $100M | 1.6% | +331% |
| Security Federal Savings Bank | $83M | 1.3% | +86% |
| Flagstar Bank | $78M | 1.3% | +43% |
| State Bank | $29M | 0.5% | no 2020 presence |
| Kentland Bank | $26M | 0.4% | +110% |
| Peoples Community Bank SB of Monticello, Indiana | $20M | 0.3% | +20% |
| Community State Bank | $15M | 0.2% | no 2020 presence |
| Woodforest National Bank | $2M | 0.0% | -30% |
The 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. 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 | |
|---|---|---|---|---|---|
| Tippecanoe County | Indiana | $11.2B | 190,456 | 72.8% | 63.2% |
| Clinton County | Indiana | $1.6B | 33,322 | 10.3% | 11.5% |
| White County | Indiana | $1.1B | 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% |
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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