As Great Southern maintains deposit lead, new No. 2 emerges

While Great Southern Bank held on to its top spot in the Federal Deposit Insurance Corp.'s annual deposit market share report, a new No. 2 company emerged.

The Central Trust Bank moved into the No. 2 spot, and Commerce Bank slipped to No. 3, according to the report released this morning. The FDIC report ranks banks on deposits held in the Springfield metropolitan statistical area.

Overall, the 36 institutions represented on the list had $15.2 billion in MSA deposits as of June 30. That's up from $14.6 billion a year earlier, according to past reporting.

Below are the Top 10 ranking deposit leaders in the local MSA, by deposits, market share and 2021 rank:
1. Great Southern Bank, $1.8 billion, 12%, No. 1
2. The Central Trust Bank, $1.7 billion, 10.9%, No. 3
3. Commerce Bank, $1.5 billion, 10%, No. 2
4. Guaranty Bank, $1.3 billion, 8.8%, No. 5
5. OakStar Bank, $1.2 billion, 7.4%, No. 4
6. Bank of America, $787.1 million, 5.2%, No. 6
7. Legacy Bank & Trust Co., $690.1 million, 4.54%, No. 13
8. Old Missouri Bank, $683.9 million, 4.5%, No. 10
9. The Bank of Missouri, $628.7 million, 4.1%, No. 8
10. Southern Bank, $560.8 million, 3.7%, No. 14

Previously known in the market as Central Bank of the Ozarks, the company’s 13 individual charters consolidated in October 2021, according to Springfield Business Journal list research. Central Bank of the Ozarks’ deposits were $1.6 billion, representing a 10.8% market share, as of June 30, 2021, according to FDIC data.