Stearns County, Minnesota, a core county of the Minneapolis-St. Paul, MN-WI market, holds $7.6B in deposits across 29 insured institutions and 48 branches. Stearns Bank National Association is the largest deposit holder at 31.6% share. The top three banks hold 49% of deposits, which places the county in the Moderate band. Deposits have grown 26.8% since 2020 while the branch count fell by 4.0%. It produces $9.7B of output, ranking #372 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: 50 in 2020 to 48 in 2025. Institutions: 27 to 29. Top-three share: 46% to 49%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Stearns Bank | $2.4B | 31.7% | +68% |
| Old National Bank | $899M | 11.8% | +17% |
| Falcon National Bank | $428M | 5.6% | +29% |
| Wells Fargo Bank | $424M | 5.6% | -11% |
| U.S. Bank | $406M | 5.3% | -28% |
| Sentry Bank | $300M | 3.9% | +43% |
| BankVista | $275M | 3.6% | +28% |
| American Heritage National Bank | $261M | 3.4% | +11% |
| Deerwood Bank | $237M | 3.1% | +12% |
| Liberty Bank Minnesota | $209M | 2.8% | +7% |
| Granite Bank | $203M | 2.7% | +63% |
| West Bank | $200M | 2.6% | +168% |
| Minnesota National Bank | $165M | 2.2% | +23% |
| Freeport State Bank | $152M | 2.0% | +38% |
| Harvest Bank | $146M | 1.9% | +41% |
| The Huntington National Bank | $131M | 1.7% | +4% |
| Minnwest Bank | $118M | 1.6% | +16% |
| Pine Country Bank | $115M | 1.5% | no 2020 presence |
| VersaBank USA | $102M | 1.3% | +32% |
| Kensington Bank | $87M | 1.1% | +28% |
| State Bank of Cold Spring | $76M | 1.0% | +12% |
| Bonanza Valley State Bank | $52M | 0.7% | -9% |
| Perennial Bank | $46M | 0.6% | +38% |
| MidCountry Bank | $46M | 0.6% | +2% |
| American National Bank of Minnesota | $36M | 0.5% | -4% |
| BMO Bank | $29M | 0.4% | -57% |
| St. Martin National Bank | $25M | 0.3% | +24% |
| JPMorgan Chase Bank | $17M | 0.2% | no 2020 presence |
| Gate City Bank | $6M | 0.1% | no 2020 presence |
The 29 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, 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 Minneapolis-St. Paul market
Stearns 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 3.1% of the market’s output and holds 3.1% of its deposits.
| Measure | Stearns County | Share of parent market |
|---|---|---|
| 2024 GDP | $9.7B | 3.1% |
| Deposits | $7.6B | 3.1% |
| Population | 164,110 | 3.9% |
View the full Minneapolis-St. Paul market profile →
Recruiting in Stearns 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 Stearns County.
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