| # | Institution | Type | Branches | Deposits | Share |
|---|---|---|---|---|---|
| 1 | Alerus Financial, National Association | Bank | 4 | $583.6M | 18.30% |
| 2 | Old National Bank | Bank | 2 | $383.0M | 12.01% |
| 3 | Gate City Bank | Bank | 3 | $368.4M | 11.55% |
| 4 | U.S. Bank National Association | Bank | 2 | $305.1M | 9.57% |
| 5 | First State Bank | Bank | 2 | $253.5M | 7.95% |
| 6 | Choice Financial Group | Bank | 2 | $248.3M | 7.79% |
| 7 | Wells Fargo Bank, National Association | Bank | 1 | $202.9M | 6.36% |
| 8 | Frandsen Bank & Trust | Bank | 1 | $144.9M | 4.54% |
| 9 | Service Federal Credit Union | Credit union | 1 | $108.1M* | 3.39% |
| 10 | United Valley Bank | Bank | 1 | $94.9M | 2.97% |
| 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 |
|---|---|---|---|---|---|---|
| 2026 | $3.19B | 24 | 37 | Alerus Financial, National Association | 18.3% | 935 |
| 2025 | $3.38B | 24 | 37 | Alerus Financial, National Association | 25.4% | 1,160 |
| 2024 | $3.27B | 23 | 36 | Alerus Financial, National Association | 24.9% | 1,153 |
| 2023 | $3.25B | 23 | 36 | Alerus Financial, National Association | 22.8% | 1,091 |
| 2022 | $3.34B | 23 | 38 | Alerus Financial, National Association | 23.1% | 1,142 |
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.