Tucson-Nogales, AZ, a Combined Statistical Area, holds $19.7 billion in deposits across 19 insured institutions and 140 branches, ranking #69 of 293 U.S. markets by economic output. JPMorgan Chase Bank is the largest deposit holder at 28.6% share. The top three institutions hold 70.8% of deposits, which places the market in the concentrated band.
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
Branches: 162 in 2020 to 140 in 2025. Institutions: 21 to 19. Top-three share: 68.7% to 70.8%. Deposits per branch: $141M.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| JPMorgan Chase Bank | $5.7B | 28.6% | +13% |
| Wells Fargo Bank | $4.9B | 24.7% | -10% |
| Bank of America | $3.5B | 17.5% | +11% |
| Zions Bancorporation | $1.2B | 5.8% | +38% |
| PNC Bank | $1.1B | 5.8% | -21% |
| BMO Bank | $0.8B | 4.2% | -49% |
| Washington Federal Bank | $0.5B | 2.3% | -2% |
| Western Alliance Bank | $0.4B | 2.1% | +47% |
| U.S. Bank | $0.4B | 2.0% | +38% |
| Pacific Premier Bank | $0.3B | 1.5% | -23% |
| Southwest Heritage Bank | $255M | 1.3% | no 2020 presence |
| The Northern Trust Company | $198M | 1.0% | -6% |
| First Interstate Bank | $198M | 1.0% | +92% |
| Busey Bank | $148M | 0.7% | no 2020 presence |
| First-Citizens Bank & Trust Company | $140M | 0.7% | +4% |
| 1st Bank Yuma | $72M | 0.4% | -14% |
| First National Bank Texas | $39M | 0.2% | +153% |
| Glacier Bank | $31M | 0.2% | +64% |
| Academy Bank | $17M | 0.1% | +111% |
The 19 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 | |
|---|---|---|---|---|---|
| Pima County | Arizona | $52.8B | 1,074,685 | 96.1% | 94.4% |
| Santa Cruz County | Arizona | $2.1B | 50,020 | 3.9% | 5.6% |
Recruiting in the Tucson-Nogales market
Deposits are held closely by the largest banks, which often means the bankers worth recruiting are inside a small number of institutions. 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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