Bigger isn’t necessarily better in the banking business, as some recent failures prove, but the biggest banks in St. Louis have gained market share lately at the expense of regional players. U.S. Bank, No. 1 in the market, increased its lead over competitors in the 12 months that ended June 30.
Here are the top 5 banks in the metro area, with market share as of June 30, 2008, and market-share change, in percentage points, since June 30, 2007:
- US Bank, 17.62%, +1.73%
- Bank of America, 13.61%, +0.69%
- Southwest Bank, 7.86%, +2.41%
- Commerce Bank, 6.86%, -0.76%
- Regions Bank, 4.71%, -0.88%
The source is the FDIC. Market share is based on bank deposits.