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Posted: 9:00 p.m. Tuesday, Oct. 2, 2012
By Chelsey Levingston
Park National Bank, through its Security National Bank division, still reigns as Clark County’s biggest bank by deposits, based on new industry information released Tuesday.
Security National’s market share has increased to more than 32 percent in the county, approximately $482 million, according to Federal Deposit Insurance Corp. data. The year before, Security held Clark County deposits of about $423 million, 29 percent of the market.
Security has almost doubled the deposits of the next biggest bank.
“If we have a larger deposit base, we have more of the dollars than another one of the banks, we can say we own more of the market than they do,” said Andy Irick, Security National’s senior vice president, retail banking. “People are showing that they have confidence in the bank by keeping large deposits with us.”
The banking regulator released updated deposit information for June 30, which it releases once a year. Deposits indicate how many customers a bank has and how much money customers have at the bank in savings and checking accounts, and certificates of deposit.
Trailing Security in Springfield is Huntington Bank, which comes in at $256 million in Clark County deposits, 17 percent market share, according to the FDIC. PNC is third at about $232 million.
“I think as I look across my region and the enterprise, in totality, we experienced strong commercial growth,” said Mark Reitzes, president of Huntington’s Southern Ohio/Northern Kentucky Region.
Champaign County’s biggest bank is Perpetual Federal Savings Bank. As of June, Perpetual had deposits in Champaign totaling $287 million, more than 43 percent of the county’s market. Champaign’s second biggest bank is Park National/Security, with $115 million in deposits, or 17 percent of the market.
Clark County bank deposits
*as of June 30, 2012
1. Park National Bank/Security National, $482 million, 32% market share
2. Huntington Bank, $256 million, 17% market share
3. PNC Financial Services, $232 million, 15% market share
Champaign County bank deposits
1. Perpetual Federal Savings Bank, $287 million, 43.5% market share
2. Park National Bank/Security National, $115 million, 17% market share
3. Citizens Banking Co., $86 million, 13% market share
SOURCE: Federal Deposit Insurance Corp.
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