Banking & Bankruptcy Filings
Bank deposits
- In 2021, bank deposits in Cochise County (as of June 30) were up 18.1% - the biggest increase since 2008 and the second largest on record (with records back to 1994).
- The 2021 increase is on the heels of a 12% jump in 2020, making it the largest 2-year increase on record.
- Deposits were up in all cities in 2021, with the largest increases in Willcox (+25.2%) and Sierra Vista (+19.8%). Benson, Bisbee, and Douglas all saw bank deposits grow between 12.2% and 12.6%, while Fort Huachuca saw the smallest annual gain at 8.5%.
- Deposits in 2020 and 2021 were helped along by COVID stimulus payments.
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
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