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Bankular
Local banking directory

Banks and Bank Branches in Carmel, Indiana

The FDIC reported 41 deposit-reporting offices from 24 institutions in Carmel as of June 30, 2025. Bankular currently provides 50 detailed location pages with addresses, maps and directions.

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FDIC-reported offices41
Institutions reporting24
Detailed location pages50
Reported branch deposits$16.76B
SOD reporting dateJune 30, 2025

Reported-office totals come from the annual FDIC Summary of Deposits survey. Maps and branch-detail links appear only for locations with a validated Bankular location page.

Market analysis

What the deposit data shows

FDIC SOD, June 30, 2025
Largest institutionMerchants Bank of Indiana65.61% of deposits
Top three share80.24%
Deposit HHI4,441Higher concentration
Current detailed pages509 more than the June 2025 SOD count

Merchants Bank of Indiana held 65.61% of reported branch deposits in Carmel. The three largest institutions together held 80.24%. Bankular places the resulting HHI of 4,441 in its higher concentration descriptive band.

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Detailed bank locations in Carmel

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Detailed directory

Institutions with validated location pages

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Detailed bank locations in Carmel

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Citizens State Bank of New Castle, Indiana

1 detailed location

First Farmers Bank & Trust Co.

1 detailed location

Stock Yards Bank & Trust Company

1 detailed location

Local deposit market

Reported offices, deposits and market share

FDIC SOD, June 30, 2025
InstitutionReported officesDepositsShare
Merchants Bank of Indiana2$10.99B65.61%
First Merchants Bank2$1.23B7.33%
JPMorgan Chase Bank4$1.22B7.30%
Fifth Third Bank2$439.0M2.62%
United Fidelity Bank, fsb1$374.6M2.24%
PNC Bank3$367.5M2.19%
The National Bank of Indianapolis5$319.3M1.91%
BMO Bank2$209.6M1.25%
Busey Bank1$191.9M1.14%
Centier Bank1$187.6M1.12%
The Huntington National Bank2$187.4M1.12%
First Financial Bank1$175.4M1.05%
Regions Bank2$143.4M0.86%
Old National Bank1$143.4M0.86%
First Farmers Bank & Trust Co.1$123.2M0.74%
Stock Yards Bank & Trust Company1$99.3M0.59%
Lake City Bank2$96.9M0.58%
KeyBank1$92.0M0.55%
State Bank1$51.0M0.30%
Horizon Bank1$32.4M0.19%
Citizens State Bank of New Castle, Indiana1$31.4M0.19%
STAR Financial Bank1$29.5M0.18%
Bank of America2$9.6M0.06%
1st Source Bank1$6.7M0.04%