Banking & Bankruptcy Filings

• In 2025, bank deposits in Cochise County (as of June 30) totaled $1.67 billion, up 1.3% from a year prior. That followed an increase of 2.9% in 2024 after declines of 5.0% and 3.9% in 2022 and 2023, respectively (on the heels of double-digit increases of 12.0% and 18.1% in 2020 and 2021, respectively, which were helped along by COVID stimulus programs in those years). Countywide bank deposits in 2025 were down 4.8% from their record high in 2021 (with records back to 1994; not adjusted for inflation).
• All areas of the county saw bank deposits increase in 2025 except Sierra Vista, the largest banking market area in Cochise County accounting for more than 65% of the countywide market, which saw deposits drop 0.5%. Bank deposits in Sierra Vista fell in 3 of 4 years from 2022 through 2025 after strong increases of 15.6% and 19.8%, respectively, in 2020 and 2021 (largely attributable to COVID stimulus programs). Sierra Vista bank deposits in 2025 were down 12.1% from their record high in 2021.
• The largest increase in bank deposits in 2025 was Fort Huachuca, the county’s smallest banking market accounting for about 4% of the countywide market, where deposits grew by 9.7%. That followed increases of 6.6%, 8.5%, 6.4%, 6.2%, and 8.6% in 2020, 2021, 2022, 2023, and 2024, respectively. Deposits were at a record high in 2025.
• The second biggest jump countywide in bank deposits from 2024 to 2025 was Willcox, which saw deposits grow by 6.1%. Bisbee saw the third-largest increase at 5.2%, followed by Douglas at 4.8% and Benson at 2.6%.

See spreadsheets, below, for Cochise County, city, and town bank deposits (as of July 1, each year).

• The number of bankruptcy filings in Cochise County for all chapters totaled 151 in 2024, up 22.8% from 123 in 2023. That followed an increase of 3.3% in 2022 and an offsetting drop of 3.1% in 2023 (after steep declines of 6.0% in 2019, 34.7% in 2020, and 14.0% in 2021).
• Decreases in 2020 and 2021 were helped along by COVID stimulus programs those years including mortgage relief, eviction moratoriums, penalty-free early retirement withdrawals, student loan deferrals, and tax credits. Cochise County's number of filings in 2021, the second year of the pandemic, was the lowest on record (with records back to 2006).
• Despite the jump in 2024, bankruptcy filings were still down 57.5% from the record high of 355 back in 2010 and 31.1% lower than 2019, the year prior to the COVID pandemic. Cochise County filings in 2024 were the fifth lowest since 2007 (with only the pandemic and recovery years of 2020 through 2023 seeing lower numbers).

See spreadsheets, below, for annual bankruptcy filings from within Cochise County.