Lists · Deposits by metro area
Traverse City, MI Metro Area Bank Deposit Market Share
The Huntington National Bank holds the largest share of deposits in the Traverse City, MI metro area, 39.5%, followed by Fifth Third Bank, N.A. (14.8%) and JPMorgan Chase Bank, N.A. (11.2%). 13 institutions hold $4.78B at 44 offices as of June 30, 2026, up 5.1% from 2025.
Largest share changes since 2025
Gained: The Huntington National Bank (2.13 points); Independent Bank (0.89 points).
Lost: First National Bank of America (-1.47 points); Fifth Third Bank, N.A. (-0.73 points); JPMorgan Chase Bank, N.A. (-0.69 points).
| # | Institution | Deposits | Market share | Share change from 2025 |
|---|---|---|---|---|
| 1 | The Huntington National Bank | $1.89B | 39.47% | +2.13 pts |
| 2 | Fifth Third Bank, N.A. | $706.3M | 14.77% | -0.73 pts |
| 3 | JPMorgan Chase Bank, N.A. | $533.9M | 11.17% | -0.69 pts |
| 4 | Independent Bank | $435.2M | 9.10% | +0.89 pts |
| 5 | State Savings Bank | $339.2M | 7.09% | -0.03 pts |
| 6 | Honor Bank | $288.8M | 6.04% | +0.05 pts |
| 7 | First National Bank of America | $220.3M | 4.61% | -1.47 pts |
| 8 | PNC Bank, N.A. | $117.3M | 2.45% | -0.06 pts |
| 9 | West Shore Bank | $113.4M | 2.37% | 0.00 pts |
| 10 | First Community Bank | $62.9M | 1.31% | -0.10 pts |
| 11 | Nicolet National Bank | $58.1M | 1.22% | -0.03 pts |
| 12 | Mercantile Bank | $17.7M | 0.37% | +0.04 pts |
| 13 | First State Bank of Michigan | $496K | 0.01% | +0.01 pts |
About this list
Deposits are those held at each institution's offices in Traverse City, MI (the Census Bureau core based statistical area) as of June 30, 2026, from the FDIC Summary of Deposits, whatever state the institution is headquartered in. Market share is the institution's deposits divided by all deposits in the market. Shares are by bank charter, not rolled up to the holding company, and cover FDIC-insured institutions only, so credit unions are not included. Each office is placed in its county and metro area by the FDIC branch directory; the few offices the directory does not list are left out of the market and of every share.
Share change compares the institution's share in 2025 and 2026 in percentage points. Deposit change compares its deposits here in the two years and includes deposits that moved through mergers and branch sales; "New" means it had no offices here a year earlier. Offices that closed during the year are placed by their ZIP code or city.
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