FeedbackBranch openings and closings — which banks and credit unions are shrinking or growing their footprint · CharterBench

Branch openings and closings, 2026

Year-over-year change in every bank and credit union branch in Minnesota, June 2025 → June 2026. 29 closed, 76 opened, 34 changed hands.

Sold / transferred

Biggest net closers 2026 · MN

Wells Fargo Bank, National Association $1.91T-54 net · 72 closed · $22.49B
Bank of America, National Association $2.65T-39 net · 66 closed · $36.66B
First Interstate Bank $25.79B-28 net · 7 closed, 22 sold · $157.8M
U.S. Bank National Association $705.55B-18 net · 33 closed · $38.06B
BMO Bank National Association $254.97B-12 net · 16 closed · $5.20B
Old National Bank $73.86B-6 net · 6 closed · $258.8M
Baxter Credit Union $6.40B-6 net · 9 closed
South Metro Federal Credit Union $184.8M-4 net · 4 closed
Alerus Financial, National Association $5.28B-3 net · 5 closed · $1.32B
Unity Bank $574.8M-2 net · 2 closed · $9.7M
Minnwest Bank $2.94B-1 net · 1 closed · $494.1M
VersaBank USA National Association $911.9M-1 net · 1 closed · $101.7M
Kensington Bank $446.7M-1 net · 1 closed · $17.1M
Embarrass Vermillion Federal Credit Union $66.7M-1 net · 1 closed

Biggest net openers 2026 · MN

JPMorgan Chase Bank, National Association $4.09T+143 net · 219 opened
Nicolet National Bank $15.39B+55 net · 0 opened, 55 acquired
Wings Credit Union $19.38B+34 net · 35 opened
Credit Union 1 Credit Union $2.87B+31 net · 31 opened
Associated Bank, National Association $51.76B+29 net · 0 opened, 33 acquired
Fidelity Bank & Trust $2.60B+6 net · 0 opened, 7 acquired
Notre Dame Federal Credit Union $1.39B+4 net · 4 opened
Novation Credit Union $244.0M+4 net · 4 opened
Blaze Credit Union $4.85B+3 net · 3 opened
Eagle Rock Bank $508.2M+3 net · 1 opened, 2 acquired
Grand Marais State Bank $207.2M+3 net · 0 opened, 3 acquired
W S S C Federal Credit Union $35.4M+3 net · 3 opened
First Alliance Credit Union $358.5M

Closed branches 29 · showing 25 · by deposits held

Institution	Branch	City	County	Deposits at last filing
U.S. Bank National AssociationBank · $705.55B	U.S. Bank Main Branch	Minneapolis, MN	Hennepin	$34.79B
BMO Bank National AssociationBank · $254.97B	Nicolet Mall Office	Minneapolis, MN	Hennepin	$3.35B
Alerus Financial, National AssociationBank · $5.28B	Private Bank Of Minnesota Branch	Minneapolis, MN	Hennepin	$1.05B
Minnwest BankBank · $2.94B	Minnwest Finance Admin Branch	Minnetonka, MN	Hennepin	$494.1M
Old National BankBank · $73.86B	Voyager Bank Branch	Eden Prairie, MN	Hennepin	$231.4M
Wells Fargo Bank, National AssociationBank · $1.91T	Duluth Downtown Branch	Duluth, MN	St. Louis	$203.8M
U.S. Bank National AssociationBank · $705.55B	Austin Branch	Austin, MN	Mower	$112.7M
VersaBank USA National AssociationBank · $911.9M	Versabank Usa National Association