Minot, ND, a Metropolitan Statistical Area, holds $3.4 billion in deposits across 14 insured institutions and 31 branches, ranking #277 of 293 U.S. markets by economic output. First Western Bank & Trust is the largest deposit holder at 32.4% share. The top three institutions hold 56.0% of deposits, which places the market in the moderate band. Deposits have grown 6.9% since 2020 with the branch count unchanged.
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
Branches: 31 in 2020 to 31 in 2025. Institutions: 14 to 14. Top-three share: 58.8% to 56.0%. Deposits per branch: $110M.
Institutions by deposits
| Institution | Deposits | Share | 5‑yr |
|---|---|---|---|
| First Western Bank & Trust | $1.1B | 32.4% | +17% |
| First International Bank & Trust | $0.5B | 14.8% | +8% |
| Gate City Bank | $0.3B | 8.8% | +44% |
| Bravera Bank | $0.3B | 8.0% | no 2020 presence |
| Wells Fargo Bank | $0.2B | 7.0% | -11% |
| Old National Bank | $0.2B | 6.7% | -51% |
| State Bank & Trust of Kenmare | $0.2B | 4.9% | +41% |
| Peoples State Bank of Velva | $0.2B | 4.4% | +38% |
| Cornerstone Bank | $0.1B | 3.1% | no 2020 presence |
| U.S. Bank | $0.1B | 3.1% | -18% |
| Dacotah Bank | $105M | 3.1% | +22% |
| Merchants Bank | $66M | 1.9% | +37% |
| The Citizens State Bank at Mohall | $60M | 1.8% | +15% |
| First State Bank of Harvey | $4M | 0.1% | -24% |
The 14 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
| County | State | GDP | Population | Share of Market GDP | |
|---|---|---|---|---|---|
| Ward County | North Dakota | $4.0B | 68,233 | 91.3% | 93.3% |
| McHenry County | North Dakota | $202M | 5,130 | 4.6% | 4.5% |
| Renville County | North Dakota | $179M | 2,331 | 4.1% | 2.2% |
Recruiting in the Minot market
Deposits are moderately concentrated here, held by a mix of institutions rather than dominated by one. 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 this one.
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