BranchWatch

Banks in Michigan

Deposit market share, branch network and structure changes for Michigan, from official FDIC data.

Active branches
2,099
Deposits (2025)
$303.6B
Closings on record
570
Openings on record
111

Largest retail branch networks in Michigan (2025)

BankDepositsShareYoYBranches
Chase Bank$62.9B20.7%+3.7%171
Huntington Bank$37.4B12.3%-0.3%447
Bank of America$31.3B10.3%+6.9%72
Flagstar Bank$21.4B7.1%-35.7%101
PNC Bank$21.2B7%-1.6%124
Fifth Third Bank$19.7B6.5%-4.9%308
Citizens Bank$6.7B2.2%+0.8%65
Independent Bank$4.7B1.6%+1.0%59
Mercantile Bank$4.7B1.6%+13.6%41
ChoiceOne Bank$3.6B1.2%+68.6%50
Macatawa Bank$2.9B1%+25.8%28
Bank of Ann Arbor$2.7B0.9%+8.2%18
First Merchants Bank$2.5B0.8%-5.6%34
Isabella Bank$1.9B0.6%+7.1%32
Old National Bank$1.9B0.6%+2.9%20
Horizon Bank$1.7B0.5%-0.7%29
KeyBank$1.5B0.5%-0.4%19
Southern Michigan Bank & Trust$1.3B0.4%+8.3%21
First State Bank$1.2B0.4%+8.3%11
County National Bank$1.1B0.4%+5.4%15

Includes institutions reporting at least five active branches in Michigan. Deposit share is calculated against all deposits assigned to Michigan offices, so the shares shown do not sum to 100%.

All institutions by deposits assigned to Michigan offices

BankDepositsShareYoYBranches
Chase Bank$62.9B20.7%+3.7%171
Huntington Bank$37.4B12.3%-0.3%447
Comerica Bank$36.0B11.9%-7.3%0
Bank of America$31.3B10.3%+6.9%72
Flagstar Bank$21.4B7.1%-35.7%101
PNC Bank$21.2B7%-1.6%124
Fifth Third Bank$19.7B6.5%-4.9%308
Citizens Bank$6.7B2.2%+0.8%65
Independent Bank$4.7B1.6%+1.0%59
Mercantile Bank$4.7B1.6%+13.6%41
Northpointe Bank$4.5B1.5%+36.1%1
First National Bank of America$3.7B1.2%+5.5%3
ChoiceOne Bank$3.6B1.2%+68.6%50
Macatawa Bank$2.9B1%+25.8%28
Bank of Ann Arbor$2.7B0.9%+8.2%18
First Merchants Bank$2.5B0.8%-5.6%34
Isabella Bank$1.9B0.6%+7.1%32
Old National Bank$1.9B0.6%+2.9%20
Horizon Bank$1.7B0.5%-0.7%29
KeyBank$1.5B0.5%-0.4%19
CIBC Bank USA$1.4B0.5%+9.8%1
Southern Michigan Bank & Trust$1.3B0.4%+8.3%21
First State Bank$1.2B0.4%+8.3%11
The Dart Bank$1.2B0.4%+4.0%4
County National Bank$1.1B0.4%+5.4%15

Deposit location reflects the office to which deposits are reported and may not represent the residence of depositors. Banks that book nationwide deposits at a single office (for example brokerage or direct banks) can rank far above their local branch presence.

Closings (most recent 200 of 570)

Transcribed from FDIC BankFind Suite structure-change records, active-location records and the annual Summary of Deposits (June 30 reporting date). Market share is each bank's share of all deposits assigned to FDIC-insured offices in the state.