Grand Forks County, North Dakota, a core county of the Grand Forks, ND-MN market, holds $3.1B in deposits across 15 insured institutions and 25 branches. Alerus Financial, National Association is the largest deposit holder at 28.0% share. The top three institutions hold 52.7% of deposits, which places the county in the moderately concentrated band. Deposits have grown 18.3% since 2020 while the branch count fell by 3.8%. It produces $4.6B of output, ranking #636 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: 26 in 2020 to 25 in 2025. Institutions: 13 to 15. Top-three share: 57.3% to 52.7%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Alerus Financial | $857M | 28.0% | +29% |
| Old National Bank | $426M | 13.9% | -17% |
| Gate City Bank | $331M | 10.8% | +41% |
| U.S. Bank | $314M | 10.3% | +2% |
| First State Bank | $228M | 7.4% | +51% |
| Choice Financial Group | $218M | 7.1% | +6% |
| Wells Fargo Bank | $196M | 6.4% | +31% |
| Frandsen Bank & Trust | $142M | 4.6% | +23% |
| United Valley Bank | $91M | 3.0% | +39% |
| Bank Forward | $76M | 2.5% | +12% |
| First International Bank & Trust | $58M | 1.9% | -8% |
| American Federal Bank | $48M | 1.6% | +33% |
| KodaBank | $32M | 1.0% | no 2020 presence |
| Bell Bank | $30M | 1.0% | no 2020 presence |
| Bravera Bank | $17M | 0.5% | no 2020 presence |
The 15 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 Grand Forks market
Grand Forks County is one of 2 counties that make up the Grand Forks, ND-MN market, a Metropolitan Statistical Area (ranked #258 of 293 U.S. markets by economic output). It produces 78.5% of the market’s output and holds 75.6% of its deposits.
| Measure | Grand Forks County | Share of parent market |
|---|---|---|
| 2024 GDP | $4.6B | 78.5% |
| Deposits | $3.1B | 75.6% |
| Population | 74,501 | 70.9% |
View the full Grand Forks market profile →
Recruiting in Grand Forks 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 Grand Forks County.
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