Anoka County, Minnesota, a core county of the Minneapolis-St. Paul, MN-WI market, holds $6.2B in deposits across 21 insured institutions and 53 branches. Wells Fargo Bank is the largest deposit holder at 32.3% share. The top three banks hold 69% of deposits, which places the county in the Concentrated band. Deposits have fallen 4.4% since 2021. It produced $15.7B of real gross domestic product in 2024, ranking #257 of the 1,523 ranked counties by economic output.
Ranks show where the county stands among the 1,523 ranked counties (those within a Combined or Metropolitan Statistical Area that have a branch). They describe relative position, not a rating of market quality or suitability.
Deposit trend
Branches: 53 in 2021 to 53 in 2026. Institutions: 21 to 21. Top-three share: 65% to 69%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Wells Fargo Bank | $2.0B | 32.3% | +8% |
| U.S. Bank | $1.5B | 23.2% | -3% |
| The Huntington National Bank | $854M | 13.7% | 0% |
| Village Bank | $366M | 5.9% | -7% |
| 21st Century Bank | $365M | 5.8% | +38% |
| Falcon National Bank | $139M | 2.2% | +13% |
| Northeast Bank | $126M | 2.0% | -66% |
| BMO Bank | $123M | 2.0% | -27% |
| Nicolet National Bank | $106M | 1.7% | -26% |
| Old National Bank | $106M | 1.7% | -66% |
| Border Bank | $92M | 1.5% | +2% |
| First Resource Bank | $83M | 1.3% | +10% |
| First Bank Elk River | $82M | 1.3% | -19% |
| JPMorgan Chase Bank | $60M | 1.0% | no 2021 presence |
| Farmers & Merchants Savings Bank | $52M | 0.8% | +7% |
| Premier Bank | $47M | 0.8% | -1% |
| First Bank & Trust | $47M | 0.7% | +16% |
| CorTrust Bank | $42M | 0.7% | -27% |
| Pine River State Bank | $33M | 0.5% | +28% |
| Bank of America | $27M | 0.4% | no 2021 presence |
| Security Bank & Trust Company | $24M | 0.4% | -18% |
The 21 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, June 30, 2026. Five-year change compares the same institution’s county deposits in 2021 and 2026. Institutions are tracked by FDIC certificate number, and where an institution acquired another bank, the acquired bank’s prior deposits are folded into the baseline so the change reflects the combined, continuing franchise rather than reading as new. “No 2021 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year. Deposit figures are nominal and are not adjusted for inflation.
Part of the Minneapolis-St. Paul market
Anoka County is one of 21 counties that make up the Minneapolis-St. Paul, MN-WI market, a Combined Statistical Area (ranked #16 of 293 U.S. markets by economic output). It produces 5.0% of the market’s output and holds 2.3% of its deposits.
| Measure | Anoka County | Share of parent market |
|---|---|---|
| 2024 GDP | $15.7B | 5.0% |
| Deposits | $6.2B | 2.3% |
| Population | 381,605 | 9.1% |
View the full Minneapolis-St. Paul market profile →
Recruiting in Anoka County
Deposits are held closely by the largest banks, which often means the bankers worth recruiting are inside a small number of institutions. Who holds the deposits, and how contested the market is, shapes both the runway for growth and the competition you would be recruiting against. We recruit commercial relationship managers, banking teams, and market leaders for banks building in markets like Anoka County.
See how we help banks recruit commercial banking talent