BranchWatch

Banks in Michigan

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

Active branches
2,088
Deposits (2026)
$302.7B
Closings on record
583
Openings on record
112

Largest retail branch networks in Michigan (2026)

BankDepositsShareYoYBranches
Chase Bank$64.4B21.3%+2.4%171
Fifth Third Bank$56.3B18.6%+185.3%299
Huntington Bank$37.9B12.5%+1.3%447
Bank of America$28.8B9.5%-7.8%72
PNC Bank$21.4B7.1%+0.8%124
Flagstar Bank$17.1B5.6%-20.3%101
Citizens Bank$6.6B2.2%-1.5%65
Independent Bank$4.9B1.6%+4.2%59
Mercantile Bank$4.9B1.6%+4.2%41
ChoiceOne Bank$3.6B1.2%+0.4%50
Macatawa Bank$3.1B1%+4.9%28
Bank of Ann Arbor$2.8B0.9%+6.9%18
First Merchants Bank$2.5B0.8%-1.0%34
Old National Bank$2.2B0.7%+19.2%20
Isabella Bank$1.8B0.6%-1.7%32
Horizon Bank$1.6B0.5%-6.6%29
KeyBank$1.5B0.5%-1.3%19
Southern Michigan Bank & Trust$1.4B0.5%+7.1%21
First State Bank$1.2B0.4%+3.9%11
County National Bank$1.1B0.4%+0.2%15
West Michigan Community Bank$1.1B0.4%+15.5%8

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$64.4B21.3%+2.4%171
Fifth Third Bank$56.3B18.6%+185.3%299
Huntington Bank$37.9B12.5%+1.3%447
Bank of America$28.8B9.5%-7.8%72
PNC Bank$21.4B7.1%+0.8%124
Flagstar Bank$17.1B5.6%-20.3%101
Citizens Bank$6.6B2.2%-1.5%65
Northpointe Bank$5.3B1.7%+16.8%1
Independent Bank$4.9B1.6%+4.2%59
Mercantile Bank$4.9B1.6%+4.2%41
First National Bank of America$3.9B1.3%+3.7%3
ChoiceOne Bank$3.6B1.2%+0.4%50
Macatawa Bank$3.1B1%+4.9%28
Bank of Ann Arbor$2.8B0.9%+6.9%18
First Merchants Bank$2.5B0.8%-1.0%34
Old National Bank$2.2B0.7%+19.2%20
Isabella Bank$1.8B0.6%-1.7%32
Horizon Bank$1.6B0.5%-6.6%29
KeyBank$1.5B0.5%-1.3%19
CIBC Bank USA$1.4B0.5%+4.5%1
Southern Michigan Bank & Trust$1.4B0.5%+7.1%21
The Dart Bank$1.3B0.4%+10.2%4
First State Bank$1.2B0.4%+3.9%11
County National Bank$1.1B0.4%+0.2%15
West Michigan Community Bank$1.1B0.4%+15.5%8

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 583)

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.