Stearns County, Minnesota, a core county of the Minneapolis-St. Paul, MN-WI market, holds $7.1B in deposits across 29 insured institutions and 48 branches. Stearns Bank is the largest deposit holder at 27.7% share. The top three banks hold 45% of deposits, which places the county in the Moderate band. Deposits have grown 16.7% since 2021 while the branch count fell by 4.0%. It produced $9.7B of real gross domestic product in 2024, 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 2021 to 48 in 2026. Institutions: 28 to 29. Top-three share: 42% to 45%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Stearns Bank | $2.0B | 27.7% | +65% |
| Old National Bank | $786M | 11.0% | +1% |
| Wells Fargo Bank | $436M | 6.1% | -16% |
| U.S. Bank | $431M | 6.0% | -26% |
| Falcon National Bank | $414M | 5.8% | +12% |
| Sentry Bank | $365M | 5.1% | +61% |
| American Heritage National Bank | $298M | 4.2% | +13% |
| BankVista | $257M | 3.6% | +23% |
| Deerwood Bank | $242M | 3.4% | +1% |
| Liberty Bank Minnesota | $222M | 3.1% | -2% |
| Granite Bank | $211M | 3.0% | +63% |
| West Bank | $208M | 2.9% | +78% |
| Minnesota National Bank | $172M | 2.4% | +13% |
| Harvest Bank | $152M | 2.1% | +28% |
| Freeport State Bank | $148M | 2.1% | +19% |
| The Huntington National Bank | $133M | 1.9% | -3% |
| Minnwest Bank | $130M | 1.8% | +34% |
| Pine Country Bank | $105M | 1.5% | -8% |
| Kensington Bank | $90M | 1.3% | +24% |
| State Bank of Cold Spring | $74M | 1.0% | +1% |
| Bonanza Valley State Bank | $59M | 0.8% | -6% |
| Perennial Bank | $46M | 0.7% | +21% |
| MidCountry Bank | $46M | 0.7% | -2% |
| American National Bank of Minnesota | $38M | 0.5% | -31% |
| BMO Bank | $29M | 0.4% | -31% |
| JPMorgan Chase Bank | $25M | 0.4% | no 2021 presence |
| St. Martin National Bank | $25M | 0.4% | -11% |
| Gate City Bank | $7M | 0.1% | +894% |
| VersaBank USA | $0M | 0.0% | -100% |
The 29 insured institutions with a branch presence in this county, per the FDIC Summary of Deposits, June 30, 2026. Five-year change compares the same institution’s county deposits in 2021 and 2026. 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 2021 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 2.7% of its deposits.
| Measure | Stearns County | Share of parent market |
|---|---|---|
| 2024 GDP | $9.7B | 3.1% |
| Deposits | $7.1B | 2.7% |
| Population | 164,110 | 3.9% |
View the full Minneapolis-St. Paul market profile →
Recruiting in Stearns County
Deposits are spread across a competitive field of institutions, so the bankers worth recruiting are dispersed across more of them. 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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