Phoenix-Mesa, AZ, a Combined Statistical Area, holds $181.7 billion in deposits across 58 insured institutions and 674 branches, ranking #13 of 293 U.S. markets by economic output. Western Alliance Bank is the largest deposit holder at 24.8% share. The top three institutions hold 62.0% of deposits, which places the market in the concentrated band. Deposits have grown 33.9% since 2020 while the branch count fell by 13.8%.

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

Total Deposits

$181.7B

#19 of 293

Deposits per Capita

$34,395

#71 of 293

Deposits per Branch

$270M

#21 of 293

Competitive structure

Insured Institutions

#28 of 293

Branches per 100k Pop.

12.8

#280 of 293

Median Deposits per Institution

$301M

The median deposits booked by a single institution in the market. #80 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

9.6%

of market deposits held by banks with $100M to $50B in assets. #287 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 Deposit Share: concentrated

62%

The combined deposit share of the three largest institutions 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

Total market deposits (nominal), 2020 to 2025 +33.9% over 5 years

$135.7B

2020

$162.1B

2021

$182.9B

2022

$168.1B

2023

$172.9B

2024

$181.7B

2025

Branches: 782 in 2020 to 674 in 2025. Institutions: 59 to 58. Top-three share: 64.5% to 62.0%. Deposits per branch: $270M.

Institutions by deposits

Institution	Deposits	Share	Branches	5‑yr
Western Alliance Bank	$45.1B	24.8%	6	+287%
JPMorgan Chase Bank	$38.2B	21.0%	130	+11%
Wells Fargo Bank	$29.4B	16.2%	97	+8%
Bank of America	$28.4B	15.6%	81	+9%
BMO Bank	$4.6B	2.5%	46	-2%
MidFirst Bank	$4.4B	2.4%	22	+67%
U.S. Bank	$4.0B	2.2%	47	-51%
UMB Bank	$3.5B	1.9%	14	+221%
PNC Bank	$3.4B	1.9%	42	-12%
Zions Bancorporation	$2.8B	1.5%	19	+18%
BOKF	$1.9B	1.1%	4	+6%
Bell Bank	$1.8B	1.0%	5	+4,826%
FirstBank	$1.3B	0.7%	13	+85%
Flagstar Bank	$1.1B	0.6%	9	-3%
Western State Bank	$1.1B	0.6%	7	+69%
First Fidelity Bank	$771M	0.4%	5	+48%
Washington Federal Bank	$742M	0.4%	12	+18%
KS StateBank	$650M	0.4%	1	+23%
The Northern Trust Company	$639M	0.4%	2	0%
First International Bank & Trust	$613M	0.3%	4	+86%
Bankers Trust Company	$541M	0.3%	4	+23%
Comerica Bank	$533M	0.3%	12	+13%
Enterprise Bank & Trust	$524M	0.3%	2	+77%
First-Citizens Bank & Trust Company	$523M	0.3%	4	-9%
First American Trust, FSB	$496M	0.3%	1	+21%
Sunflower Bank	$467M	0.3%	4	+970%
First Interstate Bank	$425M	0.2%	8	-13%
Southwest Heritage Bank	$342M	0.2%	3	+79%
Alerus Financial	$308M	0.2%	2	+176%
Goldwater Bank	$293M	0.2%	1	+56%
FineMark National Bank & Trust	$267M	0.1%	2	-8%
Parkway Bank and Trust Company	$218M	0.1%	4	+41%
Tradition Capital Bank	$210M	0.1%	1	no 2020 presence
Busey Bank	$206M	0.1%	1	no 2020 presence
Gateway Commercial Bank	$180M	0.1%	1	+35%
First Western Trust Bank	$142M	0.1%	2	-31%
Pacific Premier Bank	$139M	0.1%	1	-35%
Sunwest Bank	$137M	0.1%	1	+931%
Integro Bank	$116M	0.1%	1	no 2020 presence
Banterra Bank	$115M	0.1%	4	+311%
Stearns Bank	$111M	0.1%	1	-13%
Glacier Bank	$95M	0.1%	2	+184%
First National Bank Texas	$93M	0.1%	18	+46%
Zenith Bank & Trust	$86M	0.0%	1	no 2020 presence
Beal Bank USA	$84M	0.0%	1	-27%
TrustBank	$81M	0.0%	3	+138%
BNC National Bank	$80M	0.0%	1	-57%
Academy Bank	$77M	0.0%	7	+58%
Unison Bank	$77M	0.0%	1	-6%
Umpqua Bank	$69M	0.0%	3	no 2020 presence
Scottsdale Community Bank	$68M	0.0%	1	no 2020 presence
Gainey Business Bank	$59M	0.0%	1	no 2020 presence
West Valley National Bank	$57M	0.0%	3	-24%
Armed Forces Bank	$50M	0.0%	1	+65%
Bank of Colorado	$45M	0.0%	2	no 2020 presence
Meadows Bank	$21M	0.0%	1	-19%
USAA Federal Savings Bank	$0M	0.0%	1	no 2020 presence
Wilmington Trust	$0M	0.0%	1	no 2020 presence

The 58 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	Share of Market Deposits
Maricopa County	Arizona	$329.8B	4,689,558	95.8%	97.7%
Pinal County	Arizona	$12.7B	539,380	3.7%	1.8%
Gila County	Arizona	$1.8B	53,801	0.5%	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.

See how we help banks recruit commercial banking talent

Deposit trend

Institutions by deposits

Counties in this market

Recruiting in the Phoenix-Mesa market

Other markets in Arizona