Bank of Oklahoma remains in top spot for state bank deposits

Oklahoma bank deposits grew 2 percent as there was little change in the top 10 banks ranked by market share at the end of June, according to data from the Federal Deposit Insurance Corp.
by Paul Monies Published: October 1, 2013

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.

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by Paul Monies
Energy Reporter
Paul Monies is an energy reporter for The Oklahoman. He has worked at newspapers in Texas and Missouri and most recently was a data journalist for USA Today in the Washington D.C. area. Monies also spent nine years as a business reporter and...
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