Wright County, Minnesota, a core county of the Minneapolis-St. Paul, MN-WI market, holds $2.9B in deposits across 24 insured institutions and 33 branches. Wells Fargo Bank, National Association is the largest deposit holder at 16.0% share. The top three banks hold 32% of deposits, which places the county in the Fragmented band. Deposits have grown 22.0% since 2020 while the branch count fell by 2.9%. It produces $5.5B of output, ranking #561 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: 34 in 2020 to 33 in 2025. Institutions: 24 to 24. Top-three share: 36% to 32%.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr deposits |
|---|---|---|---|
| Wells Fargo Bank | $465M | 16.0% | -1% |
| Old National Bank | $247M | 8.5% | +19% |
| Bankwest | $225M | 7.7% | +34% |
| Star Bank | $193M | 6.6% | +65% |
| Lake Central Bank | $186M | 6.4% | +22% |
| CorTrust Bank | $177M | 6.1% | -3% |
| U.S. Bank | $141M | 4.8% | +43% |
| The First National Bank of Cokato | $122M | 4.2% | +76% |
| Deerwood Bank | $122M | 4.2% | no 2020 presence |
| Kensington Bank | $111M | 3.8% | +38% |
| Citizens State Bank of Waverly, Inc. | $103M | 3.5% | +28% |
| MidWestOne Bank | $94M | 3.2% | +51% |
| MidCountry Bank | $92M | 3.2% | +43% |
| The Bank of Elk River | $82M | 2.8% | +7% |
| Highland Bank | $80M | 2.7% | +37% |
| Minnesota Lakes Bank | $79M | 2.7% | +3% |
| Citizens Alliance Bank | $74M | 2.5% | +10% |
| National Bank of Commerce | $66M | 2.3% | no 2020 presence |
| Premier Bank Minnesota | $59M | 2.0% | +7% |
| The Huntington National Bank | $51M | 1.8% | +87% |
| Bravera Bank | $48M | 1.6% | no 2020 presence |
| Sherburne State Bank | $38M | 1.3% | +38% |
| Liberty Bank Minnesota | $33M | 1.1% | +10% |
| American Heritage National Bank | $25M | 0.8% | +212% |
The 24 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
Wright 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 1.7% of the market’s output and holds 1.2% of its deposits.
| Measure | Wright County | Share of parent market |
|---|---|---|
| 2024 GDP | $5.5B | 1.7% |
| Deposits | $2.9B | 1.2% |
| Population | 157,559 | 3.8% |
View the full Minneapolis-St. Paul market profile →
Recruiting in Wright 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 Wright County.
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