Michigan’s Biggest Banks

Out-of-state banks now dominate the state, with only two Michigan-based banks among the top 12. The list below is from the Michigan Bankers Association, as of June 30.

Bank nameState HQMI branchesDeposits (in billions)MI market share (by deposit)
JP Morgan Chase Bank, NAOH305$3218.93%
Comerica BankTX216$24.814.70%
PNC Bank, NADE232$14.98.81%
Bank of America, NANC193$13.78.13%
Fifth Third BankOH249$137.67%
Huntington National BankOH171$7.84.60%
Flagstar Bank, FSBMI111$7.74.55%
FirstMerit Bank, NAOH156$5.53.28%
Chemical BankMI157$4.82.85%
RBS Citizens, NARI103$4.72.81%
Wells Fargo Bank, NASD18$2.81.65%
TCF National BankSD53$2.41.40%

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Salle Haverkamp
Mon, 11/25/2013 - 6:29am
I've been wanting to get away from banks entirely since they still sell mortgages to other institutions. I understand that Credit Unions hold all the loans they make. Sadly there is no Credit Union near where I live (farm country between Fremont and Newaygo) that I can join, being self-employed. At least the Bank I do use isn't on this list!