The 2023 Jefferson County Banks by Local Deposits list has been released, showcasing the state’s top banks with the highest deposits in their respective regions. First Interstate Bank leads the pack, with $32.2 billion in assets, a staggering 64.3% increase from the previous year.
Wells Fargo Bank, National Association posted $4.14 billion in local deposits for 2022, taking the second spot on the list. FirstBank, with $7.11 billion in local deposits, rounded out the top three.
FirsTier Bank, with a 142.18% increase in deposits from the previous year, came in strong at an undisclosed position on the list. Bank of America, National Association also saw a significant increase of 138.67%, bringing their local deposits to $43.74 million. Zions Bancorporation, N.A. stole the show with a whopping 201.09% growth rate, increasing their deposits to $348.79 million from $115.84 million in the prior year.
U.S. Bank National Association posted $2.1 billion in local deposits, while HTLF Bank saw the largest increase of 89.3%, bringing their deposits to $16.99 billion from the prior year’s $8.98 billion. JPMorgan Chase Bank, National Association posted $2.25 billion in local deposits, and Bank of the West rounded out the top 10 with $928.19 million in local deposits.
Despite the economic impact of the COVID-19 pandemic, many banks were able to see growth in deposits over the previous year. Strong financials and high local deposits indicate the stability and success of these banking entities in Jefferson County.