Peoria-Canton, IL holds $11.0 billion in deposits across 44 insured institutions and 137 branches, ranking #126 of 293 U.S. markets by economic output. Morton Community Bank is the largest deposit holder at 31.5% share. The top three institutions hold 53.9% of deposits, which places the market in the moderate band. Deposits have grown 15% since 2020 while the branch count fell by 25.
Deposit trend
Branches: 162 in 2020 to 137 in 2025. Institutions: 45 to 44. Top-three share: 52.5% to 53.9%. Deposits per branch: $80M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Morton Community Bank | 3.5B | 31.5% | +25% |
| PNC Bank | 1.7B | 15.6% | +14% |
| Busey Bank | 0.8B | 6.8% | -1% |
| Heartland Bank and Trust Company | 0.6B | 5.4% | +7% |
| JPMorgan Chase Bank | 0.5B | 4.9% | +6% |
| Commerce Bank | 0.5B | 4.3% | -6% |
| MidAmerica National Bank | 0.4B | 3.7% | +48% |
| Better Banks | 0.4B | 3.6% | +38% |
| Goodfield State Bank | 0.2B | 1.9% | +55% |
| Bank of Farmington | 0.2B | 1.6% | +23% |
The 10 largest of 44 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 |
|---|---|---|---|---|
| Peoria County | Illinois | $13,266M | 178,553 | 60.2% |
| Tazewell County | Illinois | $5,843M | 130,049 | 26.5% |
| Woodford County | Illinois | $1,302M | 38,111 | 5.9% |
| Fulton County | Illinois | $858M | 32,901 | 3.9% |
| Marshall County | Illinois | $528M | 11,473 | 2.4% |
| Stark County | Illinois | $253M | 5,319 | 1.1% |
Recruiting in Peoria
Deposits are neither closely held nor widely dispersed, which usually leaves room for a well-led team to take share without competing head-on with a dominant holder. 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, on a retained basis.
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