Find Real Estate Agents and Homes for Sale


Real Estate News --> Colorado News

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.


Archived Story

Print   Email   Font ResizeBusinessU.SBank ranks third in Colorado deposits, passing JPMorgan ChaseBy David MigoyaThe Denver PostPosted:   10/09/2012 12:01:00 AM MDTUpdated:   10/09/2012 01:41:11 AM MDT var requestedWidth = 0; if(requestedWidth > 0){ document.getElementById('articleViewerGroup').style.width = requestedWidth + "px"; document.getElementById('articleViewerGroup').style.margin = "0px 0px 10px 10px"; } In the back-and-forth battle for depositors in Colorado, U.SBank 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 Corpanalysis 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.SBank and ChaseNo bank below them holds more than a 3.6 percent share.U.SBank 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.That translates to almost $9.7 billion in deposits held as of June 30, compared to the $8.3 billion it had at the same point last year."We saw big increases in commercial banking, retail, community banking and commercial real estate," U.SBank spokeswoman Nicole Garrison-Sprenger said from headquarters in Minneapolis"Customers are choosing to bank with us because we are strong and growing."Chase added two locations last year to bring it to 121 statewide, and its deposits increased to about $9.1 billion from $8.9 billion.Advertisement

Trending Colorado News:


  • One on One: Bettis at the helm of Academy Bank
  • Colorado dad builds obstacle course for his energetic daughter
  • City needs to update property records
  • Colorado's building the largest tiny home neighborhood — here's what it will look like
  • Exclusive: Stream sells Colorado data center to Zayo Group
  • Griffis/Blessing buys Bonterra Lakeside apartments for $16.5M
  • CU opening door for new developers at old site
  • Denver police search for 3 suspects in shooting near Colorado Convention Center
  • SoFla real estate bigwigs escape to the mountains of Colorado
  • Tucson Real Estate Boom: Investors Swarm In
  • Boulder area incorporations: Oct. 12, 2014
  • Jason Sharkey continues to pay restitution to Colorado victims
  • 8z Real Estate Pleased to have Presented 2016 Venus de Miles Bike Event
  • Jay Fellhaeur
  • Judge rules Colorado sex offender registry unconstitutional
  • Renter shocked to learn home's dark history
  • Prudential adjusting to recent merge with Joni Taylor & Co
  • Multiple fires burning in Douglas County, some homes destroyed
  • Organizers ‘rally the troops’ for economic growth
  • Multinational firm with roots in Canada makes moves into Colorado cannabis