Market Intelligence

Phoenix-Mesa, AZ

Banking market profile · FDIC Summary of Deposits (SOD), June 30, 2026
Market Intelligence › Phoenix-Mesa, AZ

Phoenix-Mesa, AZ, a Combined Statistical Area, holds $192.9 billion in deposits across 55 insured institutions and 670 branches, and ranks #13 of 293 U.S. markets by economic output. Western Alliance Bank is the largest deposit holder at 26.7% share. The top three banks hold 63% of deposits, which places the market in the Concentrated band. Deposits have grown 19.0% since 2021 while the branch count fell by 9.2%.

Economic scale
2024 Real GDP
$344.3B
#13 of 293
Population
5.28M
#13 of 293
GDP per Capita
$65,182
#58 of 293
Deposit market
Deposits (SOD, 6/30/26)
$192.9B
#18 of 293
Deposits per Capita
$36,516
#68 of 293
Deposits per Branch
$288M
#20 of 293
Competitive structure
Insured Institutions
55
#31 of 293
Branches per 100k Pop.
12.7
#280 of 293
Median Deposits per Institution
$252M
The median deposits booked by a single institution in the market. #112 of 293. A lower figure means institutions typically hold smaller deposit positions here; it reflects local deposit presence, not an institution’s overall size. See Community & Regional Bank Share for institution scale.
Community & Regional Bank Share
40.5%
of market deposits held by banks with $100M to $100B in assets. #224 of 293. A higher share points to a market where small to mid-size institutions, the kind that compete on relationships and local decision-making, hold more ground.
Top-3 Banks’ Deposit Share: Concentrated
63%
The combined deposit share of the top three banks by deposits in the market. A lower share means deposits are spread across more institutions.

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

Market Deposits (SOD, 2021 to 2026) +19.0% over 5 years
$162.1B
2021
$182.9B
2022
$168.1B
2023
$172.8B
2024
$181.7B
2025
$192.9B
2026

Branches: 738 in 2021 to 670 in 2026. Institutions: 58 to 55. Top-three share: 65% to 63%. Average deposits per branch: $288M.

Institutions by deposits

InstitutionDepositsShare Branches5‑yr
deposits
Western Alliance Bank$51.5B26.7%6+188%
JPMorgan Chase Bank$39.3B20.4%129-6%
Bank of America$31.0B16.1%80+8%
Wells Fargo Bank$29.6B15.3%97-14%
PNC Bank$4.7B2.4%55+3%
MidFirst Bank$4.4B2.3%22+28%
U.S. Bank$4.1B2.1%47-39%
BMO Bank$3.8B2.0%44-22%
UMB Bank$3.7B1.9%13+21%
Zions Bancorporation$3.2B1.7%19+14%
Bell Bank$2.2B1.1%4+538%
BOKF$1.8B0.9%40%
Flagstar Bank$1.1B0.6%9+4%
Western State Bank$1.1B0.6%7+64%
Fifth Third Bank$1.0B0.5%12+70%
Enterprise Bank & Trust$979M0.5%10+185%
First International Bank & Trust$717M0.4%4+73%
WaFd Bank$710M0.4%12+5%
First Fidelity Bank$695M0.4%6-8%
The Northern Trust Company$678M0.4%2-15%
KS StateBank$636M0.3%1+24%
First-Citizens Bank & Trust Company$622M0.3%4+17%
First American Trust, FSB$546M0.3%1+7%
Bankers Trust Company$477M0.2%4-1%
Sunflower Bank$443M0.2%4+131%
Goldwater Bank$343M0.2%1+34%
Southwest Heritage Bank$309M0.2%3-1%
Alerus Financial$252M0.1%2-46%
Columbia Bank$243M0.1%5-4%
Busey Bank$239M0.1%2no 2021 presence
Gateway Commercial Bank$191M0.1%1+11%
Tradition Capital Bank$183M0.1%1no 2021 presence
Commerce Bank$176M0.1%2-47%
Banterra Bank$156M0.1%4+436%
Integro Bank$155M0.1%1no 2021 presence
Parkway Bank and Trust Company$153M0.1%4-14%
Sunwest Bank$137M0.1%1+830%
First Western Trust Bank$130M0.1%2-49%
Zenith Bank & Trust$110M0.1%1no 2021 presence
BNC National Bank$108M0.1%1+2%
TrustBank$105M0.1%3+46%
First National Bank Texas$101M0.1%18+16%
Scottsdale Community Bank$100M0.1%1no 2021 presence
Stearns Bank$97M0.1%1-31%
Academy Bank$96M<0.1%7+249%
Gainey Business Bank$90M<0.1%1no 2021 presence
Glacier Bank$90M<0.1%2+61%
Beal Bank USA$80M<0.1%1-29%
Bank of Colorado$67M<0.1%2no 2021 presence
Unison Bank$62M<0.1%1-14%
Armed Forces Bank$56M<0.1%1+67%
West Valley National Bank$53M<0.1%2-25%
First Western Bank & Trust$5M<0.1%1no 2021 presence
USAA Federal Savings Bank$0M0.0%1no 2021 presence
Wilmington Trust$0M0.0%1no 2021 presence

The 55 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

CountyStateGDP PopulationShare of Market GDP Share of Market Deposits
Maricopa CountyArizona$329.8B4,689,55895.8%97.8%
Pinal CountyArizona$12.7B539,3803.7%1.7%
Gila CountyArizona$1.8B53,8010.5%0.5%

Recruiting in the Phoenix-Mesa market

Deposits are held closely by the largest banks, which often means the bankers worth recruiting are inside a small number of institutions. 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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Other markets in Arizona

All 293 markets and the 1,523 counties with a branch within a CSA or MSA are covered in the Market Intelligence resource. See the methodology for how each figure is built and when to expect updates, or the disclaimer for how this data should, and should not, be read.