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Umpqua Bank holds top spot on FDIC deposit list

 Posted: 12:40 PM October 02, 2012

Umpqua Bank retained its market share lead for deposits in Jackson County, and Wells Fargo pushed ahead of U.S. Bank for No. 2.

The Federal Deposit Insurance Corp.'s annual June 30 report was released today.

The 15 banks serving the county had total deposits of $2.78 billion, up from $2.74 billion in 2011.

Roseburg-based Umpqua had just less than $446 million in deposits in nine local offices, garnering 16.05 percent of the market, while Wells Fargo had $385.9 million in deposits at eight branches, for 13.89 percent. U.S. Bank, which was in a virtual dead heat with Wells Fargo a year ago, had $382.7 million in deposits at eight offices for 13.77 percent share. Statewide, U.S. Bank was the dominant player with $11.35 billion in deposits and a 17.14 percent share.

PremierWest Bank was No. 5 with nearly $277 million in deposits for a 9.97 percent share. A year ago, the Medford-based financial institution with holdings in Oregon and California, had deposits of $310.7 million and 11.33 percent share.

Significantly, Medford-based People's Bank of Commerce moved up to No. 9, leapfrogging South Valley Bank & Trust, which has since been acquired by Washington Federal. People's Bank had $115.8 million in deposits and a 4.17 percent market share.

— Greg Stiles

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