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Collier County's strong growth in employment is largely due to consistent growth in its finance and banking sector. Collier County annually accepts many new residents from other areas of the Country. With these new residents come the demands for new services. Perhaps no industry, other than construction and real estate, benefits from these new residents more than banking and financial services. Collier County's extraordinary wealth has allowed banks in the area to flourish, and has provided the funds to lend credit to growing businesses.
Collier County's deposits in 131 local area bank offices have grown by more than 200% since 1996 from $3.4 billion to $10.6 billion in total deposits as of June 2006. (FDIC, June 2006)
Click here for deposit totals and market share percentages for all banks in Collier County.
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