San Angelo, TX holds $3.4 billion in deposits across 16 insured institutions and 30 branches, ranking #222 of 293 U.S. markets by economic output. First Financial Bank is the largest deposit holder at 30.4% share. The top three institutions hold 57.4% of deposits, which places the market in the moderate band. Deposits have grown 12% since 2020 while the branch count rose by 3.
Deposit trend
Branches: 27 in 2020 to 30 in 2025. Institutions: 14 to 16. Top-three share: 58.8% to 57.4%. Deposits per branch: $113M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| First Financial Bank | 1.0B | 30.4% | +20% |
| The First National Bank of Mertzon | 0.5B | 13.8% | -1% |
| Wells Fargo Bank | 0.5B | 13.2% | -0% |
| Texas State Bank | 0.3B | 10.0% | +16% |
| The First National Bank of Sonora | 0.3B | 8.8% | +36% |
| Pinnacle Bank | 0.2B | 5.9% | new since 2020 |
| The First National Bank of Ballinger | 0.1B | 3.9% | +33% |
| Citizens State Bank | 0.1B | 3.7% | +46% |
| The City National Bank of Colorado City | 0.1B | 2.4% | new since 2020 |
| First State Bank | 0.1B | 2.3% | +46% |
The 10 largest of 16 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 |
|---|---|---|---|---|
| Tom Green County | Texas | $6,917M | 120,602 | 88.1% |
| Irion County | Texas | $932M | 1,463 | 11.9% |
Recruiting in San Angelo
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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