Seattle-Tacoma, WA holds $156.4 billion in deposits across 49 insured institutions and 848 branches, ranking #9 of 293 U.S. markets by economic output. Bank of America is the largest deposit holder at 24.8% share. The top three institutions hold 51.7% of deposits, which places the market in the moderate band.
Deposit trend
Branches: 1,045 in 2020 to 848 in 2025. Institutions: 57 to 49. Top-three share: 50.4% to 51.7%. Deposits per branch: $184M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Bank of America | 38.8B | 24.8% | +7% |
| JPMorgan Chase Bank | 24.8B | 15.9% | +23% |
| Wells Fargo Bank | 17.2B | 11.0% | -8% |
| U.S. Bank | 16.4B | 10.5% | +21% |
| KeyBank | 9.5B | 6.1% | -30% |
| Umpqua Bank | 8.3B | 5.3% | +225% |
| Washington Federal Bank | 7.0B | 4.5% | +63% |
| Heritage Bank | 4.3B | 2.7% | +0% |
| Coastal Community Bank | 4.0B | 2.5% | +202% |
| HomeStreet Bank | 3.4B | 2.2% | -0% |
The 10 largest of 49 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 |
|---|---|---|---|---|
| King County | Washington | $409,160M | 2,344,939 | 73.5% |
| Pierce County | Washington | $50,062M | 946,288 | 9.0% |
| Snohomish County | Washington | $49,915M | 870,656 | 9.0% |
| Thurston County | Washington | $16,900M | 304,261 | 3.0% |
| Kitsap County | Washington | $14,381M | 283,374 | 2.6% |
| Skagit County | Washington | $7,178M | 132,975 | 1.3% |
| Lewis County | Washington | $3,870M | 88,062 | 0.7% |
| Island County | Washington | $3,624M | 85,657 | 0.7% |
| Mason County | Washington | $1,890M | 71,165 | 0.3% |
Recruiting in Seattle
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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