Larimer banks’ market share holds steady, Weld’s shifts

Banks’ share of the deposit market remained largely unchanged in Larimer County in the Federal Deposit Insurance Corp.’s latest report, though Weld County experienced a bit of a shakeup.

Weld’s top institution, ranked by percentage of deposits within the market, remained the same compared to 2011. Wells Fargo claimed the top spot for the third year in a row, with 15.8 percent of the market, down slightly from 16.1 percent in 2011.

The next three spots, however, saw some changes, likely as a result of the July 2011 sale of Bank of Choice to National Bank Holdings Corp.

Bank of Colorado took over Bank of Choice’s No. 2 spot in Weld County, claiming 10.3 percent of the deposit market. Last year, Bank of Colorado was in the third-place spot with 9.4 percent.

First National Bank of Omaha moved up one spot to No. 3, holding 10.2 percent of the market. That left National Bank Holdings in the No. 4 spot with just 7.4 percent.

Prior to its sale, Bank of Choice held nearly 10.3 percent of the Weld County market.

Total deposit dollar volume increased from 2011 from $2.93 billion to $2.98 billion. The number of institutions in the market increased by one with the addition of FMS Bank, which entered the Northern Colorado market in summer 2011.

In Larimer County, the top three institutions remained the same as last year. First National Bank of Omaha topped the list, with 20.2 percent, followed by Wells Fargo with 17.4 percent and Home State Bank with 10.2 percent.

Deposit dollar volume in Larimer County jumped from $4.8 billion in 2011 to $5.3 billion. First National Bank topped $1 billion in deposits for the second consecutive year.

The data was collected from June 30, 2011 through June 30 of this year.

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Molly Armbrister covers real estate, banking and health care for the Northern Colorado Business Report. She can be reached at 970-232-3139, marmbrister@ncbr.com or twitter.com/MArmbristerNCBR
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