Bank that recently moved HQ to Denver climbs in annual local deposit rankings

Office building in downtown Denver bought for $291M

HTLF, which operates as Citywide Banks here, moved its headquarters to 1800 Larimer St. in January. (BusinessDen file)

A Denver-based bank has seen considerable growth in its deposits in the past year, climbing the local annual rankings from 11th to sixth, according to data released Friday.

As of June 30, HTLF Bank was holding $4.3 billion in deposits for customers in the Denver metro, or 3.7 percent of all cash deposits that are kept in banks here.

On that same date in 2022, it held $2.1 billion, which was 1.7 percent of the local total. HTLF moved its headquarters from Iowa to 1800 Larimer St. this year and operates as Citywide Banks here.

Wells Fargo maintained the top spot for Denver-area deposits, as it has for two dozen years, according to Federal Deposit Insurance Corporation figures. It possesses $24.8 billion, or 21.6 percent of deposits, which is down from $29.2 billion (23 percent) the year before.

JP Morgan Chase maintained its usual second-place position, with $17.2 billion in deposits — 15 percent of the local total. From its headquarters in Lakewood, FirstBank contained the third-most: $15.8 billion in deposits, or 13.7 percent of the Denver market.

Wells Fargo has led in the Denver metro area since 1999. It merged that year with Norwest Bank Colorado, which held the top spot in 1998, just before the merger.

There was $115 billion deposited in banks in the Denver metro area as of June 30, compared to $127 billion the year before, $123 billion in 2021 and $107 billion in 2020.

The No. 1 spot statewide also went to Wells Fargo, which holds 19 percent of all Colorado deposits. Chase is second with 13 percent and FirstBank third at 12 percent.

Here are the deposit market share rankings for the Denver metro area, with 2022 ranking and deposit share by percentage noted in parentheses. Figures have been rounded to one decimal point. The full data set can be viewed on the FDIC’s website.

1) Wells Fargo Bank: 21.6 (No. 1 – 23)

2) JPMorgan Chase Bank: 15.0 (No. 2 – 14.9)

3) FirstBank: 13.7 (No. 3 – 13.9)

4) U.S. Bank: 13.2 (No. 4 – 13.7)

5) KeyBank: 4.2 (No. 5 – 4.3)

6) HTLF Bank: 3.7 (No. 11 – 1.7)

7) Bank of America: 3.3 (No. 8 – 3.3)

8) BMO Harris: 3.0 (No. 7 – 3.5)

9) BOKF: 3.0 (No. 6 – 3.8)

10) UMB Bank: 1.8 (No. 9 – 1.9)

11) Zions Bancorporation: 1.7 (No. 10 – 1.9)

12) NBH Bank: 1.5 (No. 15 – 0.8)

13) Independent Bank: 1.3 (No. 12 – 1.3)

14) PNC Bank: 1.2 (No. 13 – 1.3)

15) Colorado Federal Savings Bank: 1.0 (No. 14 – 1.0)

Office building in downtown Denver bought for $291M

HTLF, which operates as Citywide Banks here, moved its headquarters to 1800 Larimer St. in January. (BusinessDen file)

A Denver-based bank has seen considerable growth in its deposits in the past year, climbing the local annual rankings from 11th to sixth, according to data released Friday.

As of June 30, HTLF Bank was holding $4.3 billion in deposits for customers in the Denver metro, or 3.7 percent of all cash deposits that are kept in banks here.

On that same date in 2022, it held $2.1 billion, which was 1.7 percent of the local total. HTLF moved its headquarters from Iowa to 1800 Larimer St. this year and operates as Citywide Banks here.

Wells Fargo maintained the top spot for Denver-area deposits, as it has for two dozen years, according to Federal Deposit Insurance Corporation figures. It possesses $24.8 billion, or 21.6 percent of deposits, which is down from $29.2 billion (23 percent) the year before.

JP Morgan Chase maintained its usual second-place position, with $17.2 billion in deposits — 15 percent of the local total. From its headquarters in Lakewood, FirstBank contained the third-most: $15.8 billion in deposits, or 13.7 percent of the Denver market.

Wells Fargo has led in the Denver metro area since 1999. It merged that year with Norwest Bank Colorado, which held the top spot in 1998, just before the merger.

There was $115 billion deposited in banks in the Denver metro area as of June 30, compared to $127 billion the year before, $123 billion in 2021 and $107 billion in 2020.

The No. 1 spot statewide also went to Wells Fargo, which holds 19 percent of all Colorado deposits. Chase is second with 13 percent and FirstBank third at 12 percent.

Here are the deposit market share rankings for the Denver metro area, with 2022 ranking and deposit share by percentage noted in parentheses. Figures have been rounded to one decimal point. The full data set can be viewed on the FDIC’s website.

1) Wells Fargo Bank: 21.6 (No. 1 – 23)

2) JPMorgan Chase Bank: 15.0 (No. 2 – 14.9)

3) FirstBank: 13.7 (No. 3 – 13.9)

4) U.S. Bank: 13.2 (No. 4 – 13.7)

5) KeyBank: 4.2 (No. 5 – 4.3)

6) HTLF Bank: 3.7 (No. 11 – 1.7)

7) Bank of America: 3.3 (No. 8 – 3.3)

8) BMO Harris: 3.0 (No. 7 – 3.5)

9) BOKF: 3.0 (No. 6 – 3.8)

10) UMB Bank: 1.8 (No. 9 – 1.9)

11) Zions Bancorporation: 1.7 (No. 10 – 1.9)

12) NBH Bank: 1.5 (No. 15 – 0.8)

13) Independent Bank: 1.3 (No. 12 – 1.3)

14) PNC Bank: 1.2 (No. 13 – 1.3)

15) Colorado Federal Savings Bank: 1.0 (No. 14 – 1.0)

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