Big issues
No other news outlet in the region provides better coverage of local banking services and issues in the financial sector.
The Federal Deposit Insurance Corp. released Monday updated market share information showing the amount of deposits held by banks it insures.
As of the end of June, Cincinnati-based Fifth Third Bancorp remains the largest bank by deposits in the Cincinnati and Dayton metropolitans, claiming 37 percent and 25 percent market share in those metros respectively. Fifth Third is Ohio’s largest bank by deposits held in the state.
Some banking institutions gained and lost market share from June 30, 2012, to June 30, 2013, but not enough to change the order of the biggest banks in either southwest Ohio market.
The updated information shows the five largest banks in the Cincinnati market are: 1. Fifth Third, with $27.8 billion deposits representing 37 percent of the market, up from 35 percent market share in 2012; 2. U.S. Bancorp, with $24.7 billion deposits, or 33 percent of the market, up from 31 percent in 2012; 3. The PNC Financial Services Group, with $5.7 billion deposits, or 7.7 percent of the market, down from 8.7 percent in 2012; 4. Huntington Bancshares Inc., with $2.1 billion deposits, or 2.8 percent of the market, down from 3.4 percent in 2012; and 5. First Financial Bancorp, with $1.9 billion deposits, or 2.5 percent of the market, down from 3 percent in 2012.
Total deposits held in the Cincinnati metro grew year-over-year to approximately $75 billion this year, from $66 billion in 2012.
The Dayton market’s largest banks are: 1. Fifth Third, with $2.6 billion deposits representing 25.4 percent of the market, up from 24.96 percent market share in 2012; 2. JPMorgan Chase & Co., with $1.9 billion deposits, or 18 percent of the market, relatively unchanged; 3. The PNC Financial Services Group, with $1.5 billion deposits, or 14 percent of the market, relatively unchanged; 4. KeyBank Corp., with $1.2 billion deposits, or 11.3 percent of the market, up from 10.9 percent in 2012; and 5. U.S. Bancorp, with $804 million deposits, or 8 percent of the market, also little changed.
Total deposits held in the Dayton metro grew year-over-year to approximately $10.4 billion this year, from $10.2 billion in 2012.
In Clark County, Newark-based Park National Corp., the parent company of Springfield’s Security National Bank, is the largest bank by deposits. Park has deposits of roughly $475 million, or 32 percent market share in Clark County, according to the FDIC.
About the Author