Arvest Remains Market Share Leader In Arkansas

Business

by Talk Business ([email protected]) October 4, 2011 7:00 pm 125 views 

New stats from the Federal Deposit Insurance Corp. released Tuesday (Oct.4), highlight market share changes as of June 30, 2011 for the state’s top banks based on deposits.

STATEWIDE
Bentonville-based Arvest Bank’s dominance in the Northwest Arkansas market again sets it up as the largest deposit market share in Arkansas with $5.578 billion in deposits, or 10.73% of the state’s market share — up from 9.54% in 2010. BancorpSouth fell out of the top five, replaced in 2011 by Jonesboro-based Liberty Bank.

The top 5 banks by state market share of total deposits are:
Arvest: 10.73%, $5.578 billion in deposits
Regions Bank: 8.15%, $4.238 billion
Bank of America: 6.44%, $3.348 billion
First Security Bank: 5.85%, $3.043 billion
Liberty Bank: 3.86%, 2.005 billion

CENTRAL ARKANSAS
Bank of America remains at the top of the deposit market share mountain in the Little Rock-North Little Rock-Conway metro area with 18.84% ($2.587 billion). Following second is Regions with 13.49% ($1.851 billion) and third is Centennial Bank with 11% ($1.51 billion).

From 2011 to 2010, Metropolitan Bank fell from fourth to fifth and First Security Bank moved to the fourth spot from its 2010 sixth place spot. Little Rock-based Bank of the Ozarks fell from fifth to the sixth spot in the central Arkansas metro area.

The central Arkansas market had $13.73 billion in deposits as of June 30 2011, up from $13.595 billion as of June 30, 2010.

The top five market share leaders in central Arkansas are:
Bank of America: 18.84%, $2.587 billion in deposits
Regions Bank: 13.49%, $1.851 billion
Centennial Bank: 11%, $1.51 billion
First Security Bank: 8.71%, $1.195 billion
Metropolitan National Bank: 6.7%, $920.583 million

NORTHWEST ARKANSAS
In the Northwest Arkansas metro area, Arvest had a growing 46.56% of the depost market share in the region, up 41.65% from the 2010 report. The metro area had $8.229 billion in deposits as of June 30, 2011, up from the $7.491 billion in deposits as of June 30, 2010.

The top five market share leaders in northwest Arkansas are:
Arvest Bank: 46.56%, $3.831 billion in deposits
First Security Bank: 7.35%, $604.704 million
Bank of Fayetteville: 3.97%, $327.011 million
Signature Bank: 3.62%, $297.649 million
Bank of America: 3.2%, $263.608 million

Michael Tilley with our content partner, The City Wire, contributed to this report. He can be reached by e-mail at [email protected].