Wells Fargo led all Denver metro banks with a 21% deposit share. (BusinessDen file)
Wells Fargo remains king of the banks locally.
The San Francisco-based institution led the Denver metro area in deposit share, holding 21% of the funds as of June 30, according to data released Friday by the Federal Deposit Insurance Corp. That number accounts for $22.7 billion across its 60 local branches.
The bank has led in the Denver metro area since 1999. It merged that year with Norwest Bank Colorado, which held the top spot in 1998.
Overall, people and companies had deposits of $108 billion in the metro’s 587 bank branches at the halfway point of 2025. That’s down from the $111 billion counted last year, the $115 billion in 2023 and the $127 billion Denver institutions held in 2022.
UMB Bank’s acquisition of HTLF Bank earlier this year propelled it into the top five after placing 10th last year. HTLF ranked one spot ahead of UMB last year with a 2.1% share of the market. The move also increased UMB’s local branch count by 14, from six to 20.
Florida-based SouthState Bank also made its debut on the list after buying Independent Bank in January. Independent held $1.7 billion across its 13 offices on June 30, 2024, when it was the area’s 13th-biggest bank.
PNC Bank’s planned acquisition of Lakewood-based FirstBank is expected to shake up future rankings. In announcing the deal earlier this month, PNC said the move would propel it to the top of the list next year.
The two firms expect the deal, which would combine the third- and 14th-biggest Denver banks as of June 30, to close in 2026.
Colorado’s overall deposits sit at $180 billion, down from $183 billion last year and $187 billion in 2023. Wells Fargo also leads in deposit share statewide with 18.1% of the market. FirstBank, Chase, U.S. Bank and Colorado-based Alpine Bank round out the top five.
Here are the deposit market share rankings for the Denver metro area, with 2024 ranking and deposit share by percentage noted in parentheses. Figures have been rounded to one decimal point. The full data set can be viewed on the FDIC’s website.
1) Wells Fargo Bank: 21% (No. 1 – 21.4%)
2) JPMorgan Chase Bank: 14.6% (No. 3 – 14.2%)
3) FirstBank: 14.5% (No. 4 – 14%)
4) U.S. Bank: 12.7% (No. 2 – 14.5%)
5) UMB Bank: 4.2% (No. 10 – 2.1%)
6) KeyBank: 4% (No. 6 – 2.9%)
7) Bank of America: 3.5% (No. 5 – 3.3%)
8) BOKF: 2.7% (No. 7 – 2.8%)
9) BMO Bank: 2.7% (No. 8 – 2.8%)
10) NBH Bank: 2.1% (No. 11 – 1.9%)
11) Zions Bancorporation: 1.7% (No. 12 – 1.8%)
12) SouthState Bank: 1.5% (N/A)
13) Colorado Federal Savings Bank: 1.4% (No. 15 – 1.2%)
14) PNC Bank: 1.3% (No. 14 – 1.3%)
15) First Western Trust Bank: 1.3% (No. 16 – 1.1%)
Wells Fargo led all Denver metro banks with a 21% deposit share. (BusinessDen file)
Wells Fargo remains king of the banks locally.
The San Francisco-based institution led the Denver metro area in deposit share, holding 21% of the funds as of June 30, according to data released Friday by the Federal Deposit Insurance Corp. That number accounts for $22.7 billion across its 60 local branches.
The bank has led in the Denver metro area since 1999. It merged that year with Norwest Bank Colorado, which held the top spot in 1998.
Overall, people and companies had deposits of $108 billion in the metro’s 587 bank branches at the halfway point of 2025. That’s down from the $111 billion counted last year, the $115 billion in 2023 and the $127 billion Denver institutions held in 2022.
UMB Bank’s acquisition of HTLF Bank earlier this year propelled it into the top five after placing 10th last year. HTLF ranked one spot ahead of UMB last year with a 2.1% share of the market. The move also increased UMB’s local branch count by 14, from six to 20.
Florida-based SouthState Bank also made its debut on the list after buying Independent Bank in January. Independent held $1.7 billion across its 13 offices on June 30, 2024, when it was the area’s 13th-biggest bank.
PNC Bank’s planned acquisition of Lakewood-based FirstBank is expected to shake up future rankings. In announcing the deal earlier this month, PNC said the move would propel it to the top of the list next year.
The two firms expect the deal, which would combine the third- and 14th-biggest Denver banks as of June 30, to close in 2026.
Colorado’s overall deposits sit at $180 billion, down from $183 billion last year and $187 billion in 2023. Wells Fargo also leads in deposit share statewide with 18.1% of the market. FirstBank, Chase, U.S. Bank and Colorado-based Alpine Bank round out the top five.
Here are the deposit market share rankings for the Denver metro area, with 2024 ranking and deposit share by percentage noted in parentheses. Figures have been rounded to one decimal point. The full data set can be viewed on the FDIC’s website.
1) Wells Fargo Bank: 21% (No. 1 – 21.4%)
2) JPMorgan Chase Bank: 14.6% (No. 3 – 14.2%)
3) FirstBank: 14.5% (No. 4 – 14%)
4) U.S. Bank: 12.7% (No. 2 – 14.5%)
5) UMB Bank: 4.2% (No. 10 – 2.1%)
6) KeyBank: 4% (No. 6 – 2.9%)
7) Bank of America: 3.5% (No. 5 – 3.3%)
8) BOKF: 2.7% (No. 7 – 2.8%)
9) BMO Bank: 2.7% (No. 8 – 2.8%)
10) NBH Bank: 2.1% (No. 11 – 1.9%)
11) Zions Bancorporation: 1.7% (No. 12 – 1.8%)
12) SouthState Bank: 1.5% (N/A)
13) Colorado Federal Savings Bank: 1.4% (No. 15 – 1.2%)
14) PNC Bank: 1.3% (No. 14 – 1.3%)
15) First Western Trust Bank: 1.3% (No. 16 – 1.1%)
