Branch Presence
Banks with Branches in Carmel, IN
Merchants Bank of Indiana is the biggest bank in Carmel, IN, with $13.13B in deposits at its Carmel branches, 69.1% of the city's total as of the June 30, 2026 FDIC Summary of Deposits. The National Bank of Indianapolis has the most branches here, with 5.
24 banks operate 39 branches in Carmel, IN, ranked below by local branch count from the FDIC Summary of Deposits. This counts every bank with a branch here, not only banks headquartered locally.
Deposit share is each bank's share of the $18.99B held in Carmel, IN, as of the June 30, 2026 FDIC Summary of Deposits, ranked by deposits (#1 is largest). Banks that book deposits at a headquarters branch can show a share that exceeds their local customer base.
| Bank | Branches in Carmel | Local deposits | Deposit share |
|---|---|---|---|
| The National Bank of Indianapolis | 5 | $351.7M | 1.9% (#7) |
| JPMorgan Chase Bank, N.A. | 4 | $1.23B | 6.5% (#2) |
| Merchants Bank of Indiana | 2 | $13.13B | 69.1% (#1) |
| First Merchants Bank | 2 | $1.14B | 6.0% (#3) |
| Fifth Third Bank, N.A. | 2 | $479.4M | 2.5% (#4) |
| PNC Bank, N.A. | 2 | $366.0M | 1.9% (#6) |
| The Huntington National Bank | 2 | $210.7M | 1.1% (#9) |
| Regions Bank | 2 | $135.6M | 0.7% (#13) |
| Lake City Bank | 2 | $122.8M | 0.6% (#14) |
| Bank of America, N.A. | 2 | $25.3M | 0.1% (#24) |
| United Fidelity Bank, FSB | 1 | $424.5M | 2.2% (#5) |
| Old National Bank | 1 | $265.1M | 1.4% (#8) |
| Busey Bank | 1 | $190.1M | 1.0% (#10) |
| Centier Bank | 1 | $184.8M | 1.0% (#11) |
| BMO Bank N.A. | 1 | $142.8M | 0.8% (#12) |
| First Farmers Bank & Trust Co. | 1 | $110.7M | 0.6% (#15) |
| Stock Yards Bank & Trust Company | 1 | $104.4M | 0.5% (#16) |
| First Financial Bank | 1 | $92.2M | 0.5% (#17) |
| KeyBank N.A. | 1 | $88.0M | 0.5% (#18) |
| State Bank | 1 | $52.3M | 0.3% (#19) |
| Horizon Bank | 1 | $41.7M | 0.2% (#20) |
| Star Financial Bank | 1 | $34.4M | 0.2% (#21) |
| Citizens State Bank of New Castle | 1 | $32.1M | 0.2% (#22) |
| 1st Source Bank | 1 | $30.8M | 0.2% (#23) |
County deposit market: Hamilton, IN
The $30.52B held across 32 FDIC-insured banks in this county, as of the June 30, 2026 FDIC Summary of Deposits. The 10 largest are shown; see every bank in the Hamilton, IN market with its change from a year earlier. Banks only: credit unions are not in the Summary of Deposits.
| Rank | Bank | Deposit share | Deposits | Branches |
|---|---|---|---|---|
| 1 | Merchants Bank of Indiana | 43.0% | $13.13B | 2 |
| 2 | First Internet Bank of Indiana | 15.9% | $4.84B | 1 |
| 3 | JPMorgan Chase Bank, N.A. | 9.4% | $2.88B | 14 |
| 4 | First Merchants Bank | 6.5% | $1.97B | 6 |
| 5 | Fifth Third Bank, N.A. | 3.2% | $969.2M | 7 |
| 6 | The Huntington National Bank | 2.9% | $880.3M | 9 |
| 7 | PNC Bank, N.A. | 2.9% | $870.0M | 8 |
| 8 | Lake City Bank | 1.9% | $584.4M | 5 |
| 9 | BMO Bank N.A. | 1.7% | $523.6M | 7 |
| 10 | Old National Bank | 1.6% | $473.5M | 3 |
Metro area deposit market: Indianapolis-Carmel-Anderson, IN
The $92.02B held across 52 FDIC-insured banks in this metro area, as of the June 30, 2026 FDIC Summary of Deposits. The 10 largest are shown; see every bank in the Indianapolis-Carmel-Anderson, IN market with its change from a year earlier. Banks only: credit unions are not in the Summary of Deposits.
| Rank | Bank | Deposit share | Deposits | Branches |
|---|---|---|---|---|
| 1 | JPMorgan Chase Bank, N.A. | 16.5% | $15.18B | 57 |
| 2 | Merchants Bank of Indiana | 14.8% | $13.58B | 3 |
| 3 | PNC Bank, N.A. | 14.2% | $13.03B | 43 |
| 4 | Fifth Third Bank, N.A. | 6.8% | $6.23B | 37 |
| 5 | The Huntington National Bank | 6.4% | $5.93B | 34 |
| 6 | First Internet Bank of Indiana | 5.3% | $4.84B | 1 |
| 7 | First Merchants Bank | 5.1% | $4.72B | 24 |
| 8 | BMO Bank N.A. | 4.3% | $3.99B | 31 |
| 9 | Bank of America, N.A. | 3.9% | $3.57B | 14 |
| 10 | KeyBank N.A. | 3.2% | $2.91B | 18 |
Banks in Carmel: common questions
What is the biggest bank in Carmel, IN?
Merchants Bank of Indiana is the biggest bank in Carmel, IN, with $13.13B in deposits at its Carmel branches, 69.1% of the city's total as of the June 30, 2026 FDIC Summary of Deposits. The National Bank of Indianapolis has the most branches there, with 5.
How many banks are in Carmel, IN?
24 FDIC-insured banks operate 39 branches in Carmel, IN as of the June 30, 2026 FDIC Summary of Deposits. This counts every bank with a branch in the city, not only banks headquartered there. Credit unions are not in the Summary of Deposits.
What are the largest banks in Carmel, IN?
Ranked by deposits held in Carmel branches as of the June 30, 2026 FDIC Summary of Deposits: 1. Merchants Bank of Indiana (69.1%); 2. JPMorgan Chase Bank, N.A. (6.5%); 3. First Merchants Bank (6.0%); 4. Fifth Third Bank, N.A. (2.5%); 5. United Fidelity Bank, FSB (2.2%). The share is each bank's part of all deposits in the city.
Largest banks in Indiana
For the state as a whole, see the largest banks in Indiana, ranked by total assets and by deposits in Indiana branches, or every bank in the Indiana bank directory.
Banks in other Indiana cities:
About this data
Branch counts and local deposits come from the FDIC Summary of Deposits, the annual June 30 survey of branch-office deposits for every FDIC-insured bank. Click any bank to see its full regulatory profile and complete branch network. Looking for banks headquartered here instead? See the US bank directory.