Springfield-Jacksonville-Lincoln, IL holds $12.3 billion in deposits across 44 insured institutions and 138 branches, ranking #148 of 293 U.S. markets by economic output. INB is the largest deposit holder at 15.8% share. The top three institutions hold 38.2% of deposits, which places the market in the fragmented band. Deposits have grown 23% since 2020 while the branch count fell by 5.
Deposit trend
Branches: 143 in 2020 to 138 in 2025. Institutions: 48 to 44. Top-three share: 31.6% to 38.2%. Deposits per branch: $89M.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| INB | 2.0B | 15.8% | +75% |
| United Community Bank | 1.5B | 12.6% | +45% |
| Bank of Springfield | 1.2B | 9.8% | +45% |
| JPMorgan Chase Bank | 1.1B | 8.6% | +7% |
| U.S. Bank | 0.6B | 4.8% | +2% |
| Heartland Bank and Trust Company | 0.5B | 4.3% | new since 2020 |
| PNC Bank | 0.5B | 4.2% | -1% |
| TIB | 0.5B | 4.0% | +6% |
| Morton Community Bank | 0.4B | 3.3% | new since 2020 |
| Carrollton Bank | 0.4B | 2.9% | +21% |
The 10 largest of 44 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 |
|---|---|---|---|---|
| Sangamon County | Illinois | $12,294M | 194,170 | 73.7% |
| Morgan County | Illinois | $1,513M | 32,515 | 9.1% |
| Christian County | Illinois | $1,431M | 33,443 | 8.6% |
| Logan County | Illinois | $1,034M | 27,182 | 6.2% |
| Menard County | Illinois | $268M | 11,863 | 1.6% |
| Scott County | Illinois | $152M | 4,866 | 0.9% |
Recruiting in Springfield
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.
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