| # | Institution | Type | Branches | Deposits | Share |
|---|---|---|---|---|---|
| 1 | The Bank of Elk River | Bank | 3 | $566.2M | 29.27% |
| 2 | Wells Fargo Bank, National Association | Bank | 1 | $226.6M | 11.71% |
| 3 | Sherburne Bank | Bank | 2 | $185.6M | 9.59% |
| 4 | First Bank Elk River | Bank | 2 | $152.9M | 7.90% |
| 5 | U.S. Bank National Association | Bank | 1 | $141.3M | 7.31% |
| 6 | Blaze Credit Union | Credit union | 1 | $135.3M* | 7.00% |
| 7 | The Huntington National Bank | Bank | 1 | $111.1M | 5.74% |
| 8 | Old National Bank | Bank | 1 | $87.5M | 4.52% |
| 9 | St. Cloud Financial Credit Union | Credit union | 1 | $80.0M* | 4.13% |
| 10 | Minnco Credit Union | Credit union | 1 | $66.3M* | 3.43% |
| 8 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 | $1.93B | 18 | 22 | The Bank of Elk River | 29.3% | 1,351 |
| 2025 | $1.87B | 17 | 20 | The Bank of Elk River | 30.7% | 1,426 |
| 2024 | $1.76B | 16 | 20 | The Bank of Elk River | 30.4% | 1,430 |
| 2023 | $1.78B | 16 | 20 | The Bank of Elk River | 30.0% | 1,413 |
| 2022 | $1.76B | 16 | 19 | The Bank of Elk River | 28.3% | 1,341 |
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.