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Local banking directory

Banks and Bank Branches in Elk Rapids, Michigan

The FDIC reported 3 deposit-reporting offices from 3 institutions in Elk Rapids as of June 30, 2025. Bankular currently provides 3 detailed location pages with addresses, maps and directions.

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FDIC-reported offices3
Institutions reporting3
Detailed location pages3
Reported branch deposits$201.8M
SOD reporting dateJune 30, 2025

Market analysis

What the deposit data shows

FDIC SOD, June 30, 2025
Largest institutionAlden State Bank37.65% of deposits
Top three share100.00%
Deposit HHI3,363Higher concentration
Current detailed pages3Matches the June 2025 SOD office count

Alden State Bank held 37.65% of reported branch deposits in Elk Rapids. The three largest institutions together held 100.00%. Bankular places the resulting HHI of 3,363 in its higher concentration descriptive band.

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Local deposit market

Reported offices, deposits and market share

FDIC SOD, June 30, 2025
InstitutionReported officesDepositsShare
Alden State Bank1$76.0M37.65%
Fifth Third Bank1$64.7M32.06%
The Huntington National Bank1$61.1M30.28%