Market Intelligence › Seattle-Tacoma, WA

Seattle-Tacoma, WA, a Combined Statistical Area, 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.

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

Total Deposits

$156.4B

#22 of 293

Deposits per Capita

$30,503

#105 of 293

Deposits per Branch

$184M

#36 of 293

Competitive structure

Insured Institutions

#38 of 293

Branches per 100k Pop.

16.5

#249 of 293

Median Deposits per Institution

$600M

The median deposits booked by a single institution in the market. #15 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

22.9%

of market deposits held by banks with $100M to $50B in assets. #261 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: moderate

51.7%

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 +4.6% over 5 years

$149.5B

2020

$171.0B

2021

$175.2B

2022

$161.1B

2023

$157.1B

2024

$156.4B

2025

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.

Institutions by deposits

Institution	Deposits	Share	Branches	5‑yr
Bank of America	$38.8B	24.8%	102	+7%
JPMorgan Chase Bank	$24.8B	15.9%	107	+23%
Wells Fargo Bank	$17.2B	11.0%	90	-9%
U.S. Bank	$16.4B	10.5%	79	+2%
KeyBank	$9.5B	6.1%	111	-30%
Umpqua Bank	$8.3B	5.3%	60	-7%
Washington Federal Bank	$7.0B	4.5%	47	+63%
Heritage Bank	$4.3B	2.7%	35	+1%
Coastal Community Bank	$4.0B	2.5%	14	+202%
HomeStreet Bank	$3.4B	2.2%	29	0%
Banner Bank	$2.8B	1.8%	24	-3%
Washington Trust Bank	$2.2B	1.4%	3	-5%
East West Bank	$2.2B	1.4%	4	+48%
1st Security Bank of Washington	$1.4B	0.9%	12	+30%
Timberland Bank	$1.2B	0.8%	17	+19%
Kitsap Bank	$1.1B	0.7%	13	+11%
Zions Bancorporation	$979M	0.6%	2	-17%
Seattle Bank	$896M	0.6%	1	+48%
HSBC Bank USA	$890M	0.6%	2	-58%
Cathay Bank	$882M	0.6%	4	+47%
Peoples Bank	$748M	0.5%	12	-2%
Olympia Federal Savings and Loan Association	$719M	0.5%	8	+17%
First-Citizens Bank & Trust Company	$669M	0.4%	6	+33%
Mountain Pacific Bank	$633M	0.4%	4	+69%
Commencement Bank	$600M	0.4%	6	+30%
Bank of Hope	$593M	0.4%	4	+36%
BMO Bank	$542M	0.3%	2	+587%
SaviBank	$431M	0.3%	8	+63%
Pacific Premier Bank	$410M	0.3%	8	-51%
Sound Community Bank	$400M	0.3%	6	+57%
UniBank	$359M	0.2%	4	+14%
Northwest Bank	$308M	0.2%	1	+130%
Pacific Crest Savings Bank	$250M	0.2%	1	+33%
Beneficial State Bank	$183M	0.1%	1	+105%
The Northern Trust Company	$166M	0.1%	1	+90%
Liberty Bank	$157M	0.1%	1	+22%
US Metro Bank	$156M	0.1%	2	no 2020 presence
United Business Bank	$147M	0.1%	1	+13%
Armed Forces Bank	$146M	0.1%	2	+42%
First Fed Bank	$145M	0.1%	3	+54%
Beal Bank USA	$57M	0.0%	1	-6%
Bank of the Pacific	$56M	0.0%	3	+9%
Sound Banking Company	$46M	0.0%	1	-16%
GBC International Bank	$45M	0.0%	1	-19%
First Interstate Bank	$18M	0.0%	1	-15%
Portage Bank	$11M	0.0%	1	no 2020 presence
American Continental Bank	$7M	0.0%	1	+119%
Davidson Trust Co.	$0M	0.0%	1	no 2020 presence
BNY Mellon	$0M	0.0%	1	no 2020 presence

The 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. 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
King County	Washington	$409.2B	2,344,939	73.5%	68.0%
Pierce County	Washington	$50.1B	946,288	9.0%	9.6%
Snohomish County	Washington	$49.9B	870,656	9.0%	12.4%
Thurston County	Washington	$16.9B	304,261	3.0%	3.3%
Kitsap County	Washington	$14.4B	283,374	2.6%	2.7%
Skagit County	Washington	$7.2B	132,975	1.3%	2.2%
Lewis County	Washington	$3.9B	88,062	0.7%	0.5%
Island County	Washington	$3.6B	85,657	0.7%	0.9%
Mason County	Washington	$1.9B	71,165	0.3%	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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Deposit trend

Institutions by deposits

Counties in this market

Recruiting in the Seattle-Tacoma market

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