Market Intelligence

Minneapolis-St. Paul, MN-WI

Banking market profile · FDIC Summary of Deposits, June 30, 2025
Market Intelligence › Minneapolis-St. Paul, MN-WI

Minneapolis-St. Paul, MN-WI, a Combined Statistical Area, holds $246.2 billion in deposits across 156 insured institutions and 871 branches, ranking #16 of 293 U.S. markets by economic output. U.S. Bank is the largest deposit holder at 39.2% share. The top three institutions hold 65.7% of deposits, which places the market in the concentrated band. Deposits have grown 7.5% since 2020 while the branch count fell by 3.1%.

Economic scale
2024 Real GDP
$314.1B
#16 of 293
Population
4.19M
#16 of 293
GDP per Capita
$74,996
#20 of 293
Deposit market
Total Deposits
$246.2B
#15 of 293
Deposits per Capita
$58,782
#16 of 293
Deposits per Branch
$283M
#19 of 293
Competitive structure
Insured Institutions
156
#4 of 293
Branches per 100k Pop.
20.8
#188 of 293
Median Deposits per Institution
$199M
The median deposits booked by a single institution in the market. #156 of 293. A lower figure means institutions typically hold smaller deposit positions here; it reflects local deposit presence, not an institution’s overall size. See Community & Regional Bank Share for institution scale.
Community & Regional Bank Share
32.1%
of market deposits held by banks with $100M to $50B in assets. #230 of 293. A higher share points to a market where small to mid-size institutions, the kind that compete on relationships and local decision-making, hold more ground.
Top-3 Deposit Share: concentrated
65.7%
The combined deposit share of the three largest institutions in the market. A lower share means deposits are spread across more institutions.

Ranks show where the market stands among the 293 markets (Combined and Metropolitan Statistical Areas). They describe relative position, not a rating of market quality or suitability.

Deposit trend

Total market deposits (nominal), 2020 to 2025 +7.5% over 5 years
$229.1B
2020
$234.4B
2021
$244.5B
2022
$250.0B
2023
$261.1B
2024
$246.2B
2025

Branches: 899 in 2020 to 871 in 2025. Institutions: 177 to 156. Top-three share: 69.4% to 65.7%. Deposits per branch: $283M.

Institutions by deposits

InstitutionDepositsShare Branches5‑yr
U.S. Bank$96.4B39.2%83+15%
Wells Fargo Bank$42.7B17.4%92-36%
Ameriprise Bank$22.5B9.1%2+325%
Old National Bank$9.2B3.8%52-10%
The Huntington National Bank$6.7B2.7%59-20%
Bank of America$5.2B2.1%22+12%
BMO Bank$4.9B2.0%27-33%
Bell Bank$4.4B1.8%7+120%
Bridgewater Bank$4.3B1.7%10+87%
Choice Financial Group$3.0B1.2%4+251%
Associated Bank$2.6B1.0%19+7%
Stearns Bank$2.4B1.0%2+64%
Alerus Financial$1.9B0.8%8+38%
Tradition Capital Bank$1.7B0.7%3+92%
Frandsen Bank & Trust$1.2B0.5%15+121%
North American Banking Company$1.1B0.5%6+55%
Security Bank & Trust Company$1.1B0.4%25+82%
MidWestOne Bank$1.0B0.4%13-4%
JPMorgan Chase Bank$973M0.4%42+727%
Premier Bank$939M0.4%8+9%
Minnwest Bank$882M0.4%6+82%
Merchants Bank$877M0.4%9+6%
American National Bank$816M0.3%6-15%
Falcon National Bank$789M0.3%6+47%
MidCountry Bank$784M0.3%12+42%
Vermillion State Bank$770M0.3%6+33%
Northeast Bank$759M0.3%3+47%
Sunrise Banks$759M0.3%3-32%
The Bank of Elk River$656M0.3%4+32%
21st Century Bank$624M0.3%8+27%
United Bankers' Bank$616M0.3%1-22%
Highland Bank$614M0.2%7+33%
First Bank & Trust$587M0.2%6+35%
Platinum Bank$567M0.2%2+81%
First Resource Bank$532M0.2%5+262%
Deerwood Bank$508M0.2%5+33%
UMB Bank$495M0.2%2no 2020 presence
Hiawatha National Bank$480M0.2%5+156%
Community Resource Bank$452M0.2%5+59%
CorTrust Bank$440M0.2%15-7%
Lake Elmo Bank$438M0.2%8+12%
BankVista$431M0.2%2+44%
Alliance Bank$426M0.2%2+13%
First Farmers & Merchants Bank$421M0.2%7+32%
Scale Bank$401M0.2%1-33%
Dacotah Bank$391M0.2%1no 2020 presence
HomeTown Bank$377M0.2%7+76%
Village Bank$364M0.1%4+9%
First State Bank and Trust$363M0.1%4+44%
EntreBank$361M0.1%1no 2020 presence
Crown Bank$359M0.1%2+78%
North Star Bank$352M0.1%2+22%
Citizens State Bank$348M0.1%4+73%
Premier Bank Minnesota$347M0.1%8+26%
American Heritage National Bank$335M0.1%5+19%
BankCherokee$334M0.1%3+9%
Luminate Bank$319M0.1%1+812%
Citizens Bank & Trust Co.$315M0.1%3+36%
Sentry Bank$300M0.1%4+43%
The State Bank of Faribault$290M0.1%3+31%
The First National Bank of River Falls$278M0.1%3+6%
Granite Bank$273M0.1%2+119%
First Bank Elk River$273M0.1%4+9%
First National Community Bank$267M0.1%3+28%
Citizens Independent Bank$263M0.1%4-12%
Think Mutual Bank$258M0.1%3+1%
Reliance Bank$257M0.1%1+69%
Gateway Bank$257M0.1%2+18%
Sherburne State Bank$252M0.1%3+69%
Liberty Bank Minnesota$250M0.1%6+10%
The First National Bank of Milaca$247M0.1%4+19%
Woodlands National Bank$236M0.1%4+1%
Castle Rock Bank$236M0.1%3+23%
Drake Bank$234M0.1%1+91%
West Bank$230M0.1%2+169%
Bankwest$225M0.1%3+34%
Star Bank$207M0.1%3+44%
Security State Bank of Marine$201M0.1%4+41%
Kensington Bank$198M0.1%4+34%
Nicolet National Bank$196M0.1%2no 2020 presence
VisionBank$193M0.1%1+57%
First State Bank of Wyoming$190M0.1%2+18%
Farmers State Bank of Hamel$187M0.1%2+34%
Lake Central Bank$186M0.1%2+22%
Riverland Bank$185M0.1%2+24%
Union Bank and Trust Company$180M0.1%1+14%
New Market Bank$172M0.1%3+17%
Minnesota National Bank$165M0.1%1+23%
Lakeview Bank$161M0.1%2+39%
Commerce Bank$158M0.1%1-1%
Freeport State Bank$152M0.1%3+38%
Pillar Bank$151M0.1%3+2%
Pine Country Bank$147M0.1%3+538%
Harvest Bank$146M0.1%2+41%
The First National Bank of Le Center$138M0.1%2+21%
The First State Bank of Rosemount$135M0.1%2+77%
United Prairie Bank$129M0.1%1+24%
First National Bank Minnesota$127M0.1%1+11%
Citizens State Bank Norwood Young America$124M0.1%1+47%
Cornerstone State Bank$123M0.1%3+15%
The First National Bank of Cokato$122M0.0%1+76%
River Falls State Bank$120M0.0%1+31%
Great Southern Bank$119M0.0%4-48%
Coulee Bank$119M0.0%2+241%
Citizens Alliance Bank$118M0.0%2+21%
Profinium, Inc.$116M0.0%1+14%
Farmers & Merchants Savings Bank$112M0.0%2+14%
Unity Bank$110M0.0%3+30%
Minnesota Lakes Bank$108M0.0%2-7%
National Bank of Commerce$107M0.0%2no 2020 presence
Citizens State Bank of Waverly, Inc.$103M0.0%2+28%
VersaBank USA$102M0.0%1+32%
Key Community Bank$98M0.0%1+82%
Border Bank$98M0.0%1no 2020 presence
Citizens Community Federal$94M0.0%2-22%
Prime Security Bank$90M0.0%2+107%
Security State Bank of Wanamingo$88M0.0%1+50%
Americana Community Bank$87M0.0%3+19%
Community Bank Owatonna$86M0.0%1+37%
Park State Bank$86M0.0%1+164%
Sterling State Bank$85M0.0%3+24%
First Community Bank$78M0.0%2+26%
State Bank of Cold Spring$76M0.0%1+12%
Bank of Maple Plain$76M0.0%1-9%
The Northern Trust Company$74M0.0%1+131%
Manufacturers Bank & Trust Company$73M0.0%1no 2020 presence
First Western Bank & Trust$72M0.0%1-13%
First State Bank of Le Center$67M0.0%1+8%
Farmers and Merchants State Bank of Pierz$62M0.0%1+20%
Elysian Bank$60M0.0%1+27%
Security State Bank of Kenyon$58M0.0%1+14%
PrinsBank$57M0.0%1+23%
First Independence Bank$55M0.0%2no 2020 presence
The First State Bank of Red Wing$54M0.0%2+2%
Bonanza Valley State Bank$52M0.0%1-9%
Citizens Bank Minnesota$51M0.0%1-12%
Neighborhood National Bank$49M0.0%1+33%
First Farmers & Merchants National Bank$49M0.0%1+32%
Heritage Bank Minnesota$49M0.0%2+121%
Bravera Bank$48M0.0%1no 2020 presence
First National Bank$47M0.0%2-1%
Perennial Bank$46M0.0%1+38%
Security Financial Bank$44M0.0%1+31%
Keen Bank$43M0.0%2+59%
American National Bank of Minnesota$36M0.0%1-4%
Lake Country Community Bank$30M0.0%2+13%
Pine River State Bank$29M0.0%1+35%
Home State Bank$26M0.0%10%
St. Martin National Bank$25M0.0%1+24%
Center National Bank$23M0.0%2+17%
First International Bank & Trust$19M0.0%1no 2020 presence
Gate City Bank$18M0.0%4+1,782%
CenBank$13M0.0%1+56%
Minnesota First Credit and Savings, Incorporated$5M0.0%2-40%
Wilmington Trust$0M0.0%1no 2020 presence
Thrivent Trust Company$0M0.0%1no 2020 presence

The 156 insured institutions with a branch presence, as of June 30, 2025. Five-year change compares the same institution’s 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 market that year. Deposit figures are nominal and are not adjusted for inflation.

Counties in this market

CountyStateGDP PopulationShare of Market GDP Share of Market Deposits
Hennepin CountyMinnesota$155.0B1,284,78449.4%53.0%
Ramsey CountyMinnesota$45.2B541,62314.4%25.9%
Dakota CountyMinnesota$29.5B457,7109.4%4.0%
Anoka CountyMinnesota$15.7B381,6055.0%2.5%
Washington CountyMinnesota$13.1B286,8954.2%2.7%
Stearns CountyMinnesota$9.7B164,1103.1%3.1%
Scott CountyMinnesota$8.3B159,0172.6%1.0%
Carver CountyMinnesota$6.0B114,3791.9%1.1%
Wright CountyMinnesota$5.5B157,5591.7%1.2%
St. Croix CountyWisconsin$4.5B98,2761.4%0.9%
Sherburne CountyMinnesota$3.7B104,1941.2%0.6%
Rice CountyMinnesota$3.1B69,9391.0%0.7%
Goodhue CountyMinnesota$3.0B48,1951.0%0.6%
Steele CountyMinnesota$2.2B37,4640.7%0.4%
McLeod CountyMinnesota$1.8B36,6310.6%0.5%
Benton CountyMinnesota$1.8B41,7440.6%0.3%
Chisago CountyMinnesota$1.7B59,1420.5%0.3%
Isanti CountyMinnesota$1.2B44,3860.4%0.2%
Pierce CountyWisconsin$1.2B43,5190.4%0.3%
Le Sueur CountyMinnesota$936M29,4530.3%0.3%
Mille Lacs CountyMinnesota$889M27,7530.3%0.3%

Recruiting in the Minneapolis-St. Paul market

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Other markets in Minnesota and Wisconsin

All 293 markets and the 1,523 counties with a branch within a CSA or MSA are covered in the Market Intelligence resource. See the methodology for how each figure is built and when to expect updates, or the disclaimer for how this data should, and should not, be read.