Wells Fargo tops in Colorado Market Share

U.S. Bank ranks third in Colorado deposits, passing JPMorgan Chase

In the back-and-forth battle for depositors in Colorado, U.S. Bank overtook JPMorgan Chase for third-best on a list perennially topped by Wells Fargo Bank, according to a federal survey. Though Wells' market share slipped to just under 25 percent, it still held the lion's share of deposits in the state — $24.7 billion as of June 30 — more than double the amounts held by FirstBank branches, the Federal Deposit Insurance Corp. analysis released last week shows. Coloradans continued to head toward banks, increasing deposits by about four percent from last year and 16 percent from 2009. The real battle is for third place, between U.S. Bank and Chase. No bank below them holds more than a 3.6 percent share. U.S. Bank overtook Chase, registering a 9.7 percent market share in Colorado — 12.5 in Denver alone — a significant uptick from the 8.6 percent it held last year.
Comment: Kathee started at the former United Bank of Colorado (acquired by Norwest). I started at Norwest. We moved to Minnesota in 1996.

1 comment:

  1. WF is top SBA lender in CO: Wells Fargo provides most SBA loans in Colorado

    San Francisco-based Wells Fargo & Co. (NYSE: WFC) — Colorado’s largest bank by deposits — provided the highest number and dollar volume of SBA 7(a) loans in Colorado in FY2012, at 226 loans valued at $79.4 million, according to SBA data.


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