Banking & Bankruptcy Filings
Cochise County, Arizona
A project of Southeast Arizona Economic Development Group in partnership with Arizona G&T Cooperatives and community sponsors
Bank deposits
- In 2022, bank deposits in Cochise County (as of June 30) were down 5.0% from 2021. The drop in deposits was led by Sierra Vista and Douglas, which saw deposits fall 9.5% and 3.8%, respectively. All other banking markets in Cochise County saw deposits increase in 2022. The largest increase was Benson, with deposits up 15.2%, followed by Bisbee (+9.5%), Fort Huachuca (+6.4%), and Willcox (+1.3%).
- In 2021, deposits were up 18.1% - the biggest increase since 2008 and the second largest on record (with records back to 1994). The 2021 increase followed a 12% jump in 2020, making it the largest 2-year increase on record. Deposits in 2020 and 2021 were helped along by economic stimulus payments and other COVID programs, the effects of which diminished in 2022.
Bankruptcy filings
- The number of bankruptcy filings in Cochise County for all chapters fell from 140 to 120 in 2021 (the lowest level since 2006). Filings were down from a high of 355 back in 2010.
- The near-record low number of filings in 2020 and 2021 was helped along by COVID programs, including mortgage relief and the eviction moratorium.
Subprime credit population (% of pop. w/credit score <660)
A partnership project
A project of Southeast Arizona Economic Development Group (SAEDG) in partnership with Arizona G&T Cooperatives and community sponsors
SAEDG is an Arizona State Data Center Affiliate
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