| # | Institution | Type | Branches | Deposits | Share |
|---|---|---|---|---|---|
| 1 | Alerus Financial, National Association | Bank | 4 | $857.2M | 25.36% |
| 2 | Old National Bank | Bank | 2 | $426.0M | 12.60% |
| 3 | Gate City Bank | Bank | 3 | $331.1M | 9.80% |
| 4 | U.S. Bank National Association | Bank | 2 | $314.4M | 9.30% |
| 5 | First State Bank | Bank | 2 | $227.9M | 6.74% |
| 6 | Choice Financial Group | Bank | 2 | $218.4M | 6.46% |
| 7 | Wells Fargo Bank, National Association | Bank | 1 | $196.4M | 5.81% |
| 8 | Frandsen Bank & Trust | Bank | 1 | $141.9M | 4.20% |
| 9 | Service Federal Credit Union | Credit union | 1 | $99.2M* | 2.94% |
| 10 | United Valley Bank | Bank | 1 | $91.2M | 2.70% |
| 14 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 | $3.38B | 24 | 37 | Alerus Financial, National Association | 25.4% | 1,160 |
| 2024 | $2.85B | 22 | 34 | Alerus Financial, National Association | 28.6% | 1,300 |
| 2023 | $2.82B | 22 | 34 | Alerus Financial, National Association | 26.3% | 1,218 |
| 2022 | $2.83B | 22 | 35 | Alerus Financial, National Association | 27.2% | 1,269 |
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.