Chisago County, Minnesota, a county in the Minneapolis-St. Paul, MN-WI market, holds $761M in deposits across 8 insured institutions and 9 branches. First State Bank of Wyoming is the largest deposit holder at 24.9% share. The top three institutions hold 55.1% of deposits, which places the county in the moderately concentrated band. Deposits have grown 16.1% since 2020 while the branch count fell by 2. It produces $1.7B of output, ranking #993 of the 1,523 counties within a CSA or MSA by economic output.
Deposit trend
Branches: 11 in 2020 to 9 in 2025. Institutions: 9 to 8. Top-three share: 54.6% to 55.1%.
Leading institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| First State Bank of Wyoming | $190M | 24.9% | +18% |
| Associated Bank, National Association | $125M | 16.5% | +39% |
| MidWestOne Bank | $104M | 13.7% | -2% |
| U.S. Bank National Association | $93M | 12.3% | +31% |
| Unity Bank | $77M | 10.1% | +38% |
| First Resource Bank | $68M | 9.0% | no 2020 presence |
| Security State Bank of Marine | $54M | 7.0% | +104% |
| Neighborhood National Bank | $49M | 6.5% | +33% |
The 8 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. Even so, a large gain can reflect acquisition rather than competitive growth; “no 2020 presence” means neither the institution nor a bank it later absorbed reported deposits in this county that year.
Part of the Minneapolis-St. Paul market
Chisago 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 0.5% of the market’s output and holds 0.3% of its deposits.
| Measure | Chisago County | Share of Minneapolis-St. Paul market |
|---|---|---|
| 2024 GDP | $1.7B | 0.5% |
| Deposits | $761M | 0.3% |
| Population | 59,142 | 1.4% |
View the full Minneapolis-St. Paul market profile →
Recruiting in Chisago 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 Chisago County, on a retained basis.
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