Market Intelligence

Cass County, ND

Banking market profile · FDIC Summary of Deposits, June 30, 2025

Cass County, North Dakota, a core county of the Fargo-Wahpeton, ND-MN market, holds $11.1B in deposits across 28 insured institutions and 77 branches. Bell Bank is the largest deposit holder at 33.4% share. The top three institutions hold 52.6% of deposits, which places the county in the moderately concentrated band. Deposits have grown 19.9% since 2020 while the branch count rose by 6.9%. It produces $14.9B of output, ranking #272 of the 1,523 ranked counties by economic output.

Economic scale
2024 Real GDP
$14.9B
#272 of 1,523
Population
201,794
#354 of 1,523
GDP per Capita
$73,714
#166 of 1,523
Deposit market
Total Deposits
$11.1B
#192 of 1,523
Deposits per Capita
$55,082
#73 of 1,523
Deposits per Branch
$144M
#217 of 1,523
Competitive structure
Insured Institutions
28
#106 of 1,523
Branches per 100k Pop.
38.2
#247 of 1,523
Median Deposits per Institution
$141M
The median deposits booked by a single institution in the county. #572 of 1,523. A lower figure means institutions typically hold smaller deposit positions here; it reflects local deposit presence, not an institution’s overall size. See Community & Regional Bank Share for institution scale.
Community & Regional Bank Share
80.9%
of county deposits held by banks with $100M to $50B in assets. #489 of 1,523. A higher share points to a market where small to mid-size institutions, the kind that compete on relationships and local decision-making, hold more ground.
Top-3 Deposit Share: moderately concentrated
52.6%
The combined deposit share of the three largest institutions in the county. A lower share means deposits are spread across more institutions.

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

Total county deposits (nominal), 2020 to 2025+19.9% over 5 years
$9.3B
2020
$11.3B
2021
$10.6B
2022
$11.5B
2023
$11.5B
2024
$11.1B
2025

Branches: 72 in 2020 to 77 in 2025. Institutions: 25 to 28. Top-three share: 57.5% to 52.6%.

Institutions by deposits

InstitutionDepositsShareBranches5‑yr
Bell Bank$3.7B33.4%9-6%
First International Bank & Trust$1.1B10.3%3+56%
U.S. Bank$983M8.8%6+49%
Gate City Bank$935M8.4%13+49%
Choice Financial Group$773M7.0%2+88%
Alerus Financial$533M4.8%3+30%
Wells Fargo Bank$482M4.3%4-15%
Old National Bank$439M3.9%2+34%
Western State Bank$434M3.9%2+46%
VISIONBank$264M2.4%3+30%
Cornerstone Bank$229M2.1%1+80%
BankNorth$198M1.8%4+69%
Border Bank$197M1.8%2+73%
American Federal Bank$142M1.3%2+11%
Starion Bank$140M1.3%3+16%
First Western Bank & Trust$78M0.7%3no 2020 presence
BMO Bank$61M0.6%1-67%
Bank Forward$55M0.5%1+69%
JPMorgan Chase Bank$53M0.5%3no 2020 presence
Aspire Bank$42M0.4%1+43%
Kindred State Bank$40M0.4%1+39%
Dakota Heritage Bank$39M0.3%2+27%
KodaBank$39M0.3%1no 2020 presence
First United Bank$32M0.3%1no 2020 presence
Hometown Community Bank$26M0.2%1+77%
First Interstate Bank$23M0.2%1+170%
Dacotah Bank$11M0.1%1no 2020 presence
Merchants Bank$5M0.0%1no 2020 presence

The 28 insured institutions with a branch presence in this county, as of June 30, 2025. Five-year change compares the same institution’s county deposits in 2020 and 2025. 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 2020 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 Fargo-Wahpeton market

Cass County is one of 4 counties that make up the Fargo-Wahpeton, ND-MN market, a Combined Statistical Area (ranked #142 of 293 U.S. markets by economic output). It produces 80.4% of the market’s output and holds 82.0% of its deposits.

MeasureCass CountyShare of parent market
2024 GDP$14.9B80.4%
Deposits$11.1B82.0%
Population201,79469.0%

View the full Fargo-Wahpeton market profile →

Recruiting in Cass County

Deposits are split among a moderate 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 Cass County.

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