YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Great Southern retains No. 1 spot for local deposits

Posted online

Springfield-based Great Southern Bancorp Inc. (Nasdaq: GSBC) remained the local deposit market share leader, according to recently released data from the Federal Deposit Insurance Corp.

Kansas City-based Commerce Bancshares Inc. (Nasdaq: CBSH), which has switched places with Great Southern in recent years, again came in at No. 2. Commerce dropped to second place last year after holding the lead since 2013.

Great Southern previously led the market for nine years until 2011, when Commerce gained the No. 1 spot. Great Southern again grabbed the lead in 2012, according to past Springfield Business Journal reporting.

The FDIC data rank banking institutions by deposits held in the Springfield metropolitan statistical area as of June 30.

Great Southern’s $1.34 billion in MSA deposits as of June 30 accounted for 13.5 percent of the market via 21 offices. At 12.4 percent market share, Commerce reported deposits of $1.23 billion at 11 offices.

Both Great Southern and Commerce increased their market share percentages from last year.

Coming again in third was Central Bank of the Ozarks, which reported $1.1 billion in deposits for an 11.3 percent market share.

Springfield-based Guaranty Federal Bancshares Inc. (Nasdaq: GFED) gained a spot to rank fourth on the list with a market share of 6.2 percent and $612.4 million in MSA deposits.

Bank of America Corp. (NYSE: BAC) dropped a spot to No. 5, reporting $570.7 million in local deposits and a market share of 5.8 percent.

The top five banking institutions on the list together accounted for roughly 49 percent of the Springfield MSA deposit market share.

The 36 institutions in the Springfield MSA reported a combined $9.9 billion in deposits held as of June 30, according to the FDIC.

Comments

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

A Conversation With … Cheryl Doran

Features Editor Christine Temple interviews the director of interior design at Sapp Design Associates Architects PC.

Most Read