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Madison County, IN Bank Deposit Market Share

First Merchants Bank holds the largest share of deposits in Madison County, IN, 29.7%, followed by PNC Bank, N.A. (23.7%) and Star Financial Bank (21.8%). 9 institutions hold $1.86B at 20 offices as of June 30, 2026, down 1.1% from 2025.

Institutions: 9 Offices: 20 Deposits: $1.86B Survey: FDIC Summary of Deposits, June 30, 2026

Largest share changes since 2025

Gained: PNC Bank, N.A. (0.84 points); Star Financial Bank (0.41 points); The Huntington National Bank (0.38 points).

Lost: Old National Bank (-1.67 points); First Merchants Bank (-0.38 points).

# Institution Offices Deposits Market share Share change from 2025 Deposit change
1 First Merchants Bank 4 $552.6M 29.66% -0.38 pts -2.3%
2 PNC Bank, N.A. 4 $441.3M 23.69% +0.84 pts 2.6%
3 Star Financial Bank 5 $405.9M 21.79% +0.41 pts 0.8%
4 Old National Bank 2 $125.9M 6.76% -1.67 pts -20.7%
5 KeyBank N.A. 1 $118.8M 6.38% +0.02 pts -0.7%
6 First Farmers Bank & Trust Co. 1 $85.2M 4.58% +0.21 pts 3.7%
7 Citizens State Bank of New Castle 1 $66.7M 3.58% +0.19 pts 4.5%
8 The Huntington National Bank 1 $63.2M 3.39% +0.38 pts 11.4%
9 Woodforest National Bank 1 $3.2M 0.17% 0.00 pts -3.0%

About this list

Deposits are those held at each institution's offices in Madison County 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.

Wider markets

Indiana deposits by institution Indianapolis-Carmel-Anderson, IN metro area Indiana bank directory

Other counties in Indiana

Marion CountyHamilton CountyLake CountyVanderburgh CountyAllen CountySt. Joseph CountyFloyd CountyPorter CountyElkhart CountyHendricks CountyJohnson CountyTippecanoe CountyDelaware CountyMonroe CountyVigo CountyLaporte CountyClark CountyKosciusko CountyShelby CountyDubois CountyHoward CountyBartholomew CountyBoone CountyWayne CountyHancock CountyMorgan CountyDearborn CountyJackson CountyWarrick CountyCass CountyWhite CountyGrant CountyDekalb CountyMarshall CountyDaviess CountyJasper CountyAdams CountyHuntington CountyHarrison CountySteuben County

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