| # | Institution | Type | Branches | Deposits | Share |
|---|---|---|---|---|---|
| 1 | Merchants Bank, National Association | Bank | 3 | $311.7M | 46.39% |
| 2 | ESB Bank | Bank | 3 | $160.0M | 23.81% |
| 3 | Altra Federal Credit Union | Credit union | 1 | $137.8M* | 20.51% |
| 4 | BMO Bank National Association | Bank | 1 | $32.4M | 4.82% |
| 5 | Alerus Financial, National Association | Bank | 1 | $30.0M | 4.47% |
| 6 | Rushford State Bank (Incorporated) | Bank | 1 | $0 | 0.00% |
* Credit-union deposits are estimated (June total shares spread evenly across branches).
| Year | Deposits | Institutions | Branches | Leader | Top share | HHI |
|---|---|---|---|---|---|---|
| 2025 | $671.8M | 6 | 10 | Merchants Bank, National Association | 46.4% | 3,183 |
| 2024 | $592.5M | 5 | 9 | Merchants Bank, National Association | 47.3% | 3,364 |
| 2023 | $542.2M | 5 | 9 | Merchants Bank, National Association | 44.2% | 3,241 |
| 2022 | $519.4M | 4 | 8 | Merchants Bank, National Association | 47.9% | 3,656 |
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.