October 21, 2011

Market Share rankings reveal drop in deposits

Bank deposits are down in parts of the Northern Colorado market, according to the latest Federal Deposit Insurance Corp. figures.
First National Bank held onto the top spot among financial institutions doing business in Larimer County, but it, too, has seen a drop in deposits, the numbers show.
First National’s deposits have decreased from $1.2 billion in 2007 to just over $1 billion today.
First National holds 21.15 percent of the market, compared to 30.1 percent in 2007, while Wells Fargo, ranked second in Larimer County, increasing its market share from 11.25 percent in 2007 to 16.51 percent today.
Mark…

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