Despite a dip in deposits, Bank of Oklahoma retained the state's top spot in the latest federal report on bank market share released Monday.
The Tulsa-based bank, a unit of BOK Financial Corp., had $10.27 billion in deposits as of June 30, giving it 13.54 percent of the banking market in Oklahoma. It had $10.31 billion in Oklahoma deposits at the end of June 2012.
BancFirst remained at No. 2, with $5.17 billion in state deposits and 6.82 percent of the market. It was followed by MidFirst Bank, which had $4.63 billion in state deposits as of June 30. MidFirst had 6.1 percent of the Oklahoma banking market.
The top nine banks stayed in the same position this year as they were at the end of June 2012. International Bank of Commerce replaced Stillwater National Bank and Trust Co. in 10th place, with the Stillwater bank coming in at No. 11 as of June 30.
Banks down from ‘12
Total bank deposits in Oklahoma grew to $75.9 billion, up from $74.4 billion at the end of June 2012, according to the Federal Deposit Insurance Corp. Oklahoma had 249 institutions insured by the FDIC, down from 255 in 2012.
The Oklahoma City metropolitan area remained more competitive for banking deposits than Tulsa. MidFirst had almost 14 percent of the deposits in the Oklahoma City area, followed closely by JPMorgan Chase Bank, with 12 percent, and Bank of Oklahoma, with 10.5 percent.