U.S. Bank Maintains Largest Local Deposit Share in Greater Cincinnati

According to FDIC annual local bank deposit market share data effective June 30, U.S. Bank, which is based in Minneapolis, remains the largest bank in Greater Cincinnati by local deposits. The report also noted that three of Greater Cincinnati’s largest banks posted major growth in the past year, and the margin between the top two banks narrowed slightly.

The findings reflect shifts in the local financial landscape of Greater Cincinnati. The growth among the top banks and the narrowing of the margin between the two largest institutions indicate changes in market concentration and local banking power.