(Click to view a larger version) Source: Federal Deposit Insurance Corporation
Each of the top three institutions are reporting deposits of between $200 million and $220 million.
“We are delighted to assume the No. 1 position for deposit share once again,” said Angie Lewis, president and CEO of Citizens First in Rome.
United Community Bank dropped to No. 2 in the Floyd County market, while Wells Fargo fell from second to third.
SunTrust and River City Bank swapped fourth and fifth place in the local market, with SunTrust riding a large increase in deposits into the number four position in 2012.
Citizens First experienced a $12.1 million gain in deposits during the year, increasing its market share from 14.93 percent to 16.34 percent.
“We increased deposits in an economic environment that has been quite challenging,” Lewis said.
“We sincerely appreciate the loyalty of our customers and the confidence they place in us each and every day.”
Lewis said the Citizens First team just celebrated its 100th anniversary in Rome.
“We have not wavered and have stayed the course working hard to provide Citizens First customers with exceptional banking service, and this is evidence of their efforts,” Lewis said.
“We look forward to continuing that commitment in the years to come.”
SunTrust and Regions Bank also experienced growth in deposits during the year, adding $10.5 million and $7.4 million respectively.
Taken as a whole, deposits in Floyd County banks were down approximately $44 million, about 3.3 percent, as compared to a year ago.
River City Bank took the biggest tumble, its deposits falling by $30.4 million.
United Community Bank saw a $17.4 million decline while Greater Rome dropped $10.3 million. Wells Fargo deposits fell $6.3 million locally, Heritage First saw a $6.1 million drop and Bank of the Ozarks saw its local deposits fall by $2.9 million.
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