Rockford-Freeport-Rochelle, IL holds $11.7 billion in deposits across 29 insured institutions and 108 branches, ranking #131 of 293 U.S. markets by economic output. UMB Bank is the largest deposit holder at 14.5% share. The top three institutions hold 35.0% of deposits, which places the market in the fragmented band. Deposits have grown 16% since 2020 while the branch count fell by 19.
Deposit trend
Branches: 127 in 2020 to 108 in 2025. Institutions: 36 to 29. Top-three share: 29.7% to 35.0%. Deposits per branch: $108M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| UMB Bank | 1.7B | 14.5% | new since 2020 |
| Foresight Bank | 1.3B | 10.7% | +425% |
| Midland States Bank | 1.2B | 9.9% | +8% |
| JPMorgan Chase Bank | 0.9B | 8.0% | +11% |
| BMO Bank | 0.7B | 6.0% | +4% |
| Associated Bank | 0.7B | 5.8% | -6% |
| St. Charles Bank & Trust Company | 0.6B | 5.0% | new since 2020 |
| First Mid Bank & Trust | 0.6B | 4.9% | new since 2020 |
| Stillman BancCorp N.A. | 0.6B | 4.7% | +23% |
| U.S. Bank | 0.5B | 4.1% | +9% |
The 10 largest of 29 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 |
|---|---|---|---|---|
| Winnebago County | Illinois | $14,429M | 283,674 | 69.0% |
| Ogle County | Illinois | $2,942M | 51,399 | 14.1% |
| Stephenson County | Illinois | $1,900M | 43,220 | 9.1% |
| Boone County | Illinois | $1,628M | 53,568 | 7.8% |
Recruiting in Rockford
No single institution dominates deposits here, which usually means more competitors of a size where a strong team can move meaningful share. 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.
Start a confidential conversation