Spotlight on Local Banking Industry

Over sixty banks operate in the six community market of Southlake, Colleyville, Grapevine, Keller, Trophy Club and Westlake.

Here are the number of banks in descending order by community and a residents per bank ratio by community.  This data does not include stand-alone ATMs, credit unions nor banks under construction.

Community    No. of Banks    Rsdnts./Bank

Southlake                19                     1353

Keller                       15                     2513

Grapevine                13                     3504

Colleyville                 12                    1846

Trophy Club               3                     2483

Westlake                   0                       na 

Ten banks operate in this market with three or more locations.

  • Four banks operate with two locations
  • Nine banks have one location.    

Currently, Bank of America is the leader with nine locations. 

  • Chase Bank and Compass Bank have six each. 
  • Wells Fargo has five locations and Capital One has four. 
  • Five banks operate with three locations: Bank of Texas, First Financial Bank, Frost Bank, Wachovia Bank and Washington Mutual. 
  • Less than six locations are not stand-alone facilities.     

 This brief summary of the greater Southlake banking industry appeared in the June 2007 newsletter published by KGB Strategic Marketing Solutions.  If you would like to be added to our distribution list, please email Kate at kgbmarketing@hotmail.com. We will be more than happy to add you to our list!