Deposit Market Share for Selected Markets

Pending Ownership, including Bank, Savings Bank, Thrift Branches Ownerships as of 06/30/2024,
Branches and deposits as of 06/30/2024

STATE: Michigan

2024 Rank	2023 Rank	Institution (Headquarters)	Type	2024 Number of Branches	2024 Total Deposits in Market ($000)	2024 Total Market Share (%)	2023 Total Deposits in Market ($000)	2023 Total Market Share (%)
1	1	JPMorgan Chase Bank NA (OH)	Bank	176	60,683,718	19.49	68,495,722	23.37
2	3	Comerica Bank (TX)	Bank	160	38,881,678	12.49	33,116,632	11.30
3	2	Huntington National Bank (OH)	Bank	303	37,549,396	12.06	36,512,646	12.46
4	7	Flagstar Bank NA (NY)	Bank	114	33,286,200	10.69	13,747,562	4.69
5	4	Bank of America NA (NC)	Bank	76	29,248,842	9.39	30,838,488	10.52
6	5	PNC Bank NA (DE)	Bank	129	21,549,955	6.92	23,048,512	7.86
7	6	Fifth Third Bank NA (OH)	Bank	164	20,741,136	6.66	20,144,609	6.87
8	8	Citizens Bank NA (RI)	Bank	68	6,599,653	2.12	6,764,570	2.31
9	9	Independent Bank (MI)	Bank	58	4,684,678	1.50	4,557,023	1.55
10	10	Mercantile Bank (MI)	Bank	41	4,163,519	1.34	3,775,809	1.29
	Total for institutions in market			1,966	311,373,573		293,106,635

COUNTY: Clare, MI

2024 Rank	2023 Rank	Institution (Headquarters)	Type	2024 Number of Branches	2024 Total Deposits in Market ($000)	2024 Total Market Share (%)	2023 Total Deposits in Market Share ($000)	2023 Total Market Share (%)
1	2	Isabella Bank (MI)	Bank	3	164,654	40.78	152,165	39.54
2	1	Huntington National Bank (OH)	Bank	2	154,959	38.38	153,804	39.97
3	3	Mercantile Bank (MI)	Bank	1	84,187	20.85	77,561	20.15
	Total for institutions in market			6	403,800		384,843

COUNTY: Gratiot, MI

2024 Rank	2023 Rank	Institution (Headquarters)	Type	2024 Number of Branches	2024 Total Deposits in Market ($000)	2024 Total Market Share (%)	2023 Total Deposits in Market Share ($000)	2023 Total Market Share (%)
1	1	Commercial Bank (MI)	Bank	4	319,607	44.25	326,238	45.17
2	2	Mercantile Bank (MI)	Bank	3	206,898	28.64	183,634	25.43
3	3	Isabella Bank (MI)	Bank	2	120,772	16.72	136,953	18.96
4	4	Huntington National Bank (OH)	Bank	1	75,009	10.38	75,383	10.44
	Total for institutions in market			10	722,286		722,208

COUNTY: Isabella, MI

2024 Rank	2023 Rank	Institution (Headquarters)	Type	2024 Number of Branches	2024 Total Deposits in Market ($000)	2024 Total Market Share (%)	2023 Total Deposits in Market Share ($000)	2023 Total Market Share (%)
1	1	Isabella Bank (MI)	Bank	10	720,270	54.71	723,399	57.17
2	2	Mercantile Bank (MI)	Bank	3	325,398	24.72	243,787	19.27
3	3	PNC Bank NA (DE)	Bank	2	130,531	9.92	136,833	10.81
4	4	Fifth Third Bank NA (OH)	Bank	1	80,860	6.14	80,081	6.33
5	5	Huntington National Bank (OH)	Bank	1	59,435	4.51	49,845	3.94
-	6	Independent Bank (MI)	Bank	-	-	-	31,449	2.49
	Total for institutions in market			17	1,316,494		1,265,394

COUNTY: Mecosta, MI

2024 Rank	2023 Rank	Institution (Headquarters)	Type	2024 Number of Branches	2024 Total Deposits in Market ($000)	2024 Total Market Share (%)	2023 Total Deposits in Market Share ($000)	2023 Total Market Share (%)
1	1	Isabella Bank (MI)	Bank	5	221,326	32.81	216,470	31.79
2	2	Huntington National Bank (OH)	Bank	1	149,671	22.19	151,829	22.29
3	3	Fifth Third Bank NA (OH)	Bank	2	105,630	15.66	114,109	16.76
4	4	Horizon Bank (IN)	Bank	1	78,935	11.70	80,121	11.76
5	6	Mercantile Bank (MI)	Bank	1	52,219	7.74	48,435	7.11
6	5	Independent Bank (MI)	Bank	1	46,285	6.86	49,680	7.29
7	7	Lake-Osceola State Bank (MI)	Bank	2	20,535	3.04	20,387	2.99
8	-	PNC Bank NA (DE)	Bank	1	0	0.00	0.00	0
	Total for institutions in market			14	674,601		681,031

 

COUNTY: Midland, MI

2024 Rank	2023 Rank	Institution (Headquarters)	Type	2024 Number of Branches	2024 Total Deposits in Market ($000)	2024 Total Market Share (%)	2023 Total Deposits in Market Share ($000)	2023 Total Market Share (%)
1	1	Huntington National Bank (OH)	Bank	6	547,949	48.01	503,447	45.17
2	2	Horizon Bank (IN)	Bank	2	216,647	18.98	210,629	18.90
3	3	Isabella Bank (MI)	Bank	2	119,974	10.51	128,474	11.53
4	4	Comerica Bank (TX)	Bank	1	111,385	9.76	119,008	10.68
5	5	Fifth Third Bank NA (OH)	Bank	1	63,564	5.57	65,692	5.89
6	6	PNC Bank NA (DE)	Bank	1	47,026	4.12	51,897	4.66
7	7	1st State Bank (MI)	Bank	1	34,802	3.05	35,310	3.17
8	-	Mercantile Bank (MI)	Bank	1	50	0.00	-	-
	Total for institutions in market			15	1,141,397		1,114,457

COUNTY: Montcalm, MI

2024 Rank	2023 Rank	Institution (Headquarters)	Type	2024 Number of Branches	2024 Total Deposits in Market ($000)	2024 Total Market Share (%)	2023 Total Deposits in Market Share ($000)	2023 Total Market Share (%)
1	1	Huntington National Bank NA (OH)	Bank	3	221,004	24.61	208,445	24.36
2	2	Isabella Bank (MI)	Bank	3	208,498	23.22	196,993	23.02
3	3	Sidney State Bank (MI)	Bank	3	115,755	12.89	112,060	13.09
4	4	Mercantile Bank (MI)	Bank	3	106,969	11.91	103,288	12.07
5	5	Independent Bank (MI)	Bank	2	106,553	11.87	97,025	11.34
6	6	Fifth Third Bank NA (OH)	Bank	1	101,359	11.29	93,772	10.95
7	7	Commercial Bank (MI)	Bank	1	37,774	4.21	44,230	5.17
	Total for institutions in market			16	897,912		855,763

COUNTY: Saginaw, MI

2024 Rank	2023 Rank	Institution (Headquarters)	Type	2024 Number of Branches	2024 Total Deposits in Market ($000)	2024 Total Market Share (%)	2023 Total Deposits in Market Share ($000)	2023 Total Market Share (%)
1	1	Huntington National Bank (OH)	Bank	8	825,337	30.39	795,763	29.86
2	2	JPMorgan Chase Bank NA (OH)	Bank	3	386,347	14.23	400,828	15.04
3	4	1st State Bank (MI)	Bank	2	307,947	11.34	316,837	11.89
4	3	PNC Bank NA (DE)	Bank	3	274,551	10.11	293,453	11.01
5	5	The State Bank (MI)	Bank	5	240,032	8.84	218,203	8.19
6	7	Isabella Bank (MI)	Bank	5	198,678	7.32	175,141	6.57
7	6	Independent Bank (MI)	Bank	3	191,961	7.07	192,337	7.22
8	8	Fifth Third Bank NA (OH)	Bank	1	100,009	3.68	83,651	3.14
9	9	Mercantile Bank (MI)	Bank	3	80,083	2.95	71,143	2.67
10	10	Citizens Bank NA (RI)	Bank	1	66,690	2.46	69,784	2.62
11	11	Freeland State Bank (MI)	Bank	1	43,808	1.61	48,129	1.81
	Total for institutions in market			35	2,715,443		2,665,269