Market Intelligence

Seattle-Tacoma, WA

Banking market profile · FDIC Summary of Deposits (SOD), June 30, 2026
Market Intelligence › Seattle-Tacoma, WA

Seattle-Tacoma, WA, a Combined Statistical Area, holds $158.4 billion in deposits across 47 insured institutions and 827 branches, and ranks #9 of 293 U.S. markets by economic output. Bank of America is the largest deposit holder at 24.2% share. The top three banks hold 51% of deposits, which places the market in the Moderate band. Deposits have declined 7.4% since 2021 while the branch count fell by 16.3%.

Economic scale
2024 Real GDP
$557.0B
#9 of 293
Population
5.13M
#14 of 293
GDP per Capita
$108,628
#3 of 293
Deposit market
Deposits (SOD, 6/30/26)
$158.4B
#22 of 293
Deposits per Capita
$30,889
#109 of 293
Deposits per Branch
$192M
#36 of 293
Competitive structure
Insured Institutions
47
#40 of 293
Branches per 100k Pop.
16.1
#253 of 293
Median Deposits per Institution
$625M
The median deposits booked by a single institution in the market. #16 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
30.8%
of market deposits held by banks with $100M to $100B in assets. #258 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: Moderate
51%
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) -7.4% over 5 years
$171.0B
2021
$175.2B
2022
$161.1B
2023
$157.1B
2024
$156.4B
2025
$158.4B
2026

Branches: 988 in 2021 to 827 in 2026. Institutions: 56 to 47. Top-three share: 51% to 51%. Average deposits per branch: $192M.

Institutions by deposits

InstitutionDepositsShare Branches5‑yr
deposits
Bank of America$38.3B24.2%101-8%
JPMorgan Chase Bank$24.1B15.2%103-5%
Wells Fargo Bank$18.1B11.4%89-13%
U.S. Bank$16.8B10.6%79-5%
Columbia Bank$11.6B7.3%62+7%
KeyBank$9.6B6.1%110-37%
WaFd Bank$7.0B4.4%48+35%
Heritage Bank$5.2B3.3%47-11%
Coastal Community Bank$4.9B3.1%14+171%
Banner Bank$2.8B1.8%24-12%
East West Bank$2.5B1.6%4+57%
Washington Trust Bank$2.2B1.4%4-23%
Mechanics Bank$1.5B1.0%27-58%
1st Security Bank of Washington$1.3B0.8%12+1%
Timberland Bank$1.3B0.8%18+10%
HSBC Bank USA$1.0B0.7%2-38%
Zions Bancorporation$996M0.6%2-29%
Cathay Bank$844M0.5%4+32%
Seattle Bank$785M0.5%1+41%
Peoples Bank$751M0.5%12-16%
Olympia Federal Savings and Loan Association$710M0.4%9+5%
Commencement Bank$660M0.4%6+31%
First-Citizens Bank & Trust Company$636M0.4%6+13%
Mountain Pacific Bank$625M0.4%4+25%
Bank of Hope$615M0.4%4+47%
BMO Bank$599M0.4%2+134%
Sound Community Bank$430M0.3%5+36%
Northwest Bank$334M0.2%1+131%
UniBank$323M0.2%4-7%
Pacific Crest Bank$240M0.2%1+23%
Beneficial State Bank$203M0.1%1+25%
US Metro Bank$181M0.1%2no 2021 presence
The Northern Trust Company$173M0.1%1+44%
Liberty Bank$164M0.1%1+11%
Armed Forces Bank$161M0.1%2+51%
First Fed Bank$144M0.1%2-8%
United Business Bank$143M0.1%1-6%
Portage Bank$73M<0.1%1no 2021 presence
Bank of the Pacific$60M<0.1%3+4%
Beal Bank USA$55M<0.1%1-41%
GBC International Bank$43M<0.1%1-39%
Sound Banking Company$40M<0.1%1-45%
First Interstate Bank$16M<0.1%1-36%
American Continental Bank$11M<0.1%1+66%
Native American Bank$6M<0.1%1no 2021 presence
Davidson Trust Co.$0M0.0%1no 2021 presence
BNY Mellon$0M0.0%1no 2021 presence

The 47 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
King CountyWashington$409.2B2,344,93973.5%65.8%
Pierce CountyWashington$50.1B946,2889.0%11.9%
Snohomish CountyWashington$49.9B870,6569.0%12.7%
Thurston CountyWashington$16.9B304,2613.0%3.4%
Kitsap CountyWashington$14.4B283,3742.6%2.7%
Skagit CountyWashington$7.2B132,9751.3%2.0%
Lewis CountyWashington$3.9B88,0620.7%0.5%
Island CountyWashington$3.6B85,6570.7%0.8%
Mason CountyWashington$1.9B71,1650.3%0.2%

Recruiting in the Seattle-Tacoma market

Deposits are moderately concentrated here, held by a mix of institutions rather than dominated by one. 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 Washington

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.