Business Insider

3 Treasure Valley banks hold more than half of all deposits

Wells Fargo Bank holds more than one-fourth of all deposits in the Treasure Valley.
Wells Fargo Bank holds more than one-fourth of all deposits in the Treasure Valley. AP

The Federal Deposit Insurance Corp.’s report detailing the 2015 market share of each bank operating in the Treasure Valley shows little jostling from the year before.

The three largest banks, Wells Fargo, U.S. Bank and KeyBank, kept their top spots and retained the lion’s share of the market.

J.V. Evans III, executive vice president for the largest Idaho-based community bank, D.L. Evans Bank, says he hopes to increase local market share by opening branches in Caldwell and Fruitland. That would build on the bank’s 10 percent year-over-year deposit increases, twice the marketwide 5 percent rate.

“We see good, strong growth here,” Evans says.

Zach Kyle: 208-377-6464, @IDS_ZachKyle. This story appears in the Aug. 17-Sept. 20, 2016, edition of the Idaho Statesman’s Business Insider magazine as part of a special section on banking and finance. Click here for the e-edition (subscription required).

Related stories from Idaho Statesman

  Comments