Tucson-Nogales, AZ 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.
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.
Leading 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% | new since 2020 |
| BMO Bank | 0.8B | 4.2% | +82% |
| 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% |
The 10 largest of 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; an acquirer absorbs the balances of banks it bought.
Counties in this market
| County | State | GDP | Population | Share of GDP |
|---|---|---|---|---|
| Pima County | Arizona | $52,752M | 1,074,685 | 96.1% |
| Santa Cruz County | Arizona | $2,130M | 50,020 | 3.9% |
Recruiting in Tucson
Deposits are held closely by the largest institutions, which often means the bankers worth recruiting are inside a small number of houses. 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.
Start a confidential conversation