Chase and FirstBank rise in annual FDIC local deposit rankings

This article first appeared on BusinessDen.com, a BizWest news partner.

JPMorgan Chase and FirstBank grabbed a larger percentage of Denver area bank deposits this year than last, but nowhere near enough to challenge Wells Fargo for the top spot.

Wells Fargo, based in San Francisco, processed $29.2 billion in deposits between mid-2021 and mid-2022, according to Federal Deposit Insurance Corp. data released Sept. 16. Those were 23 percent of all bank deposits in the Denver metro area over that time.

Chase took in $19 billion, or 14.9 percent of the area’s bank deposits, and FirstBank $17.7 billion, which was…