| # | Institution | Type | Branches | Deposits | Share |
|---|---|---|---|---|---|
| 1 | First Farmers & Merchants Bank | Bank | 6 | $356.8M | 21.84% |
| 2 | Merchants Bank, National Association | Bank | 2 | $282.2M | 17.28% |
| 3 | Frandsen Bank & Trust | Bank | 2 | $257.0M | 15.74% |
| 4 | Red Wing Credit Union | Credit union | 1 | $184.7M* | 11.31% |
| 5 | Wells Fargo Bank, National Association | Bank | 1 | $152.6M | 9.34% |
| 6 | Associated Bank, National Association | Bank | 1 | $118.5M | 7.25% |
| 7 | Security State Bank of Wanamingo | Bank | 1 | $96.7M | 5.92% |
| 8 | Security State Bank of Kenyon | Bank | 1 | $63.2M | 3.87% |
| 9 | Community Resource Bank | Bank | 1 | $49.1M | 3.01% |
| 10 | Heritage Bank Minnesota | Bank | 1 | $31.2M | 1.91% |
| 3 more institutions, year-over-year share and branch changes with Pro →$29/mo, cancel any time. | |||||
* Credit-union deposits are estimated (June total shares spread evenly across branches).
| Year | Deposits | Institutions | Branches | Leader | Top share | HHI |
|---|---|---|---|---|---|---|
| 2026 | $1.63B | 13 | 20 | First Farmers & Merchants Bank | 21.8% | 1,357 |
| 2025 | $1.60B | 13 | 20 | First Farmers & Merchants Bank | 21.6% | 1,342 |
| 2024 | $1.48B | 13 | 21 | First Farmers & Merchants Bank | 21.8% | 1,352 |
| 2023 | $1.49B | 13 | 21 | First Farmers & Merchants Bank | 21.7% | 1,332 |
| 2022 | $1.65B | 15 | 22 | First Farmers & Merchants Bank | 20.8% | 1,179 |
Every institution above links to its profile — ratios, peer medians and this quarter’s change signals. Pro adds the full table, share movement and CSV export.