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Jax Daily Record Thursday, Oct. 22, 202005:10 PM EST

Northeast Florida banking deposits 2020

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Bank of America’s $44.1 billion in deposits leads region.
by: Mark Basch Contributing Writer

This chart shows all banks with branches in the Jacksonville metropolitan area of Duval, Baker, Clay, Nassau and St. Johns counties ranked by deposits credited to their metro area offices as of June 30.

The data for the largest banks is misleading, as far as reflecting their share of the Jacksonville area market. It includes large institutional deposits and other accounts that are credited to their main Jacksonville offices, but doesn't represent deposits made by customers who reside in the metropolitan area.

Bank of America’s $44.1 billion in deposits includes $39.6 billion credited to its main Jacksonville office at 50 N. Laura St.

TIAA, which does most of its business online, has $25.9 billion of its $28.1 billion in total deposits credited to its headquarters branch at 501 Riverside Ave.

Wells Fargo’s $6.6 billion includes $2.5 billion credited to its office at 1 Independent Drive.

 These are the market shares of deposits at banks with branches in the Jacksonville metropolitan area.

 

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