| # | Institution | Type | Branches | Deposits | Share |
|---|---|---|---|---|---|
| 1 | The Bank of Elk River | Bank | 3 | $573.9M | 31.50% |
| 2 | Wells Fargo Bank, National Association | Bank | 1 | $220.3M | 12.09% |
| 3 | Sherburne State Bank | Bank | 1 | $168.6M | 9.25% |
| 4 | First Bank Elk River | Bank | 2 | $153.8M | 8.44% |
| 5 | U.S. Bank National Association | Bank | 1 | $139.2M | 7.64% |
| 6 | Blaze Credit Union | Credit union | 1 | $137.6M* | 7.56% |
| 7 | The Huntington National Bank | Bank | 1 | $104.9M | 5.76% |
| 8 | St. Cloud Financial Credit Union | Credit union | 1 | $72.7M* | 3.99% |
| 9 | Old National Bank | Bank | 1 | $68.7M | 3.77% |
| 10 | Minnco Credit Union | Credit union | 1 | $63.8M* | 3.51% |
| 6 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 |
|---|---|---|---|---|---|---|
| 2025 | $1.82B | 16 | 19 | The Bank of Elk River | 31.5% | 1,497 |
| 2024 | $1.67B | 14 | 18 | The Bank of Elk River | 32.0% | 1,566 |
| 2023 | $1.68B | 14 | 18 | The Bank of Elk River | 31.6% | 1,556 |
| 2022 | $1.66B | 14 | 17 | The Bank of Elk River | 29.9% | 1,482 |
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.