Richland County, North Dakota, a core county of the Fargo-Wahpeton, ND-MN market, holds $706M in deposits across 8 insured institutions and 11 branches. Bell Bank is the largest deposit holder at 41.4% share. The top three institutions hold 67.2% of deposits, which places the county in the concentrated band. Deposits have grown 32.0% since 2020 while the branch count fell by 15.4%. It produces $1.1B of output, ranking #1,161 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: 13 in 2020 to 11 in 2025. Institutions: 9 to 8. Top-three share: 51.9% to 67.2%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| Bell Bank | $292M | 41.4% | +168% |
| Lincoln State Bank | $102M | 14.5% | +35% |
| Old National Bank | $80M | 11.3% | +25% |
| Gate City Bank | $62M | 8.7% | +37% |
| Wells Fargo Bank | $59M | 8.3% | -37% |
| American Federal Bank | $46M | 6.5% | +73% |
| Peoples State Bank, Fairmount, N. D. | $34M | 4.9% | +16% |
| BMO Bank | $31M | 4.4% | -54% |
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. “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
Richland 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 6.1% of the market’s output and holds 5.2% of its deposits.
| Measure | Richland County | Share of parent market |
|---|---|---|
| 2024 GDP | $1.1B | 6.1% |
| Deposits | $706M | 5.2% |
| Population | 16,731 | 5.7% |
View the full Fargo-Wahpeton market profile →
Recruiting in Richland 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 Richland County.
See how we help banks recruit commercial banking talent