YOUR BUSINESS AUTHORITY

Springfield, MO

Great Southern regains top spot in deposit market share

Posted online

Great Southern Bancorp Inc. (Nasdaq: GSBC) surmounted Kansas City-based Commerce Bancshares Inc. (Nasdaq: CBSH) to once again lead the market in deposit market share, according to data released today by the Federal Deposit Insurance Corp.

Commerce Bank dropped to No. 2 in terms of deposits held in the Springfield metropolitan statistical area. The company had led since 2013. Great Southern reigned for nine straight years until 2011, when Commerce gained ground. Great Southern briefly regained the top spot in 2012, according to Springfield Business Journal archives.

Springfield-based Great Southern had $1.3 billion in deposits in the MSA as of June 30, according to the latest data available from the FDIC. That accounted for 13.4 percent of the market’s total.

Commerce dipped to a 12.1 percent market share with $1.2 billion in deposits.

While both Great Southern and Commerce increased their deposits from last year, their percentage of the market declined. Commerce held 13.53 percent and Great Southern had 13.47 percent as of June 30, 2016.

Central Bank of the Ozarks again placed third on the list with $1.1 billion in deposits and 11.5 percent of the market share, according to the FDIC.

Bank of America Corp. (NYSE: BAC) moved up a spot to overtake the No. 4 slot from Guaranty Federal Bancshares Inc. (Nasdaq: GFED). Bank of America had $706 million in deposits and 7.2 percent of the market share as of June 30.

In fifth place, Guaranty held $568.7 million in deposits and 5.9 percent of the MSA market share, according to the FDIC.

Combined, the top five banks held roughly 50 percent of the MSA’s deposit market share. The FDIC’s deposit market share report lists 38 institutions in the MSA.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick

From the Ground Up: Central Bank of the Ozarks

Central Bank is converting this ATM site for its 22nd full-service branch in the Springfield area.

Most Read
SBJ Live logo
MOST-WATCHED VIDEOS
Need to Focus Leads to Sale of Business

“It’s been hard for me to choose. There is a point when I knew I needed to focus on one of these businesses,” says Elle Feldman, owner of Elle’s Patisserie and Lavare Spa (now rebranded as …

My Mentor - My Teammate in Life “He was a strong man of faith and courage and very wise - my biggest supporter in any endeavor in life,” says Tami North, Executive Director of the Rogersville Area Chamber of Commerce and one of …
From Cutbacks to Cutting Tracks “Every day you’ve gotta wake up and say, ‘I’ve gotta make money today,’ says, Ricky Smiley, Founder and Producer of Smiley Records, LLC. When Smiley was laid off from a job he held for 18 …
Consistent Marketing  “Marketing for a company can be very interesting, in the sense that it’s hard to stand out in the crowd from everyone else,” says Alisa Lawler, Vice President of Marketing and Business …
Booked - The 7 Habits of Highly Effective People “I think it’s a really great book and I wish I had read it earlier in my career,” says Candida Deckard, the Director of Human Resources and Safety at CNH Industrial Reman and one of Springfield …