| # | Institution | Type | Branches | Deposits | Share |
|---|---|---|---|---|---|
| 1 | Alerus Financial, National Association | Bank | 4 | $857.2M | 19.26% |
| 2 | Old National Bank | Bank | 3 | $632.6M | 14.21% |
| 3 | Gate City Bank | Bank | 3 | $331.1M | 7.44% |
| 4 | U.S. Bank National Association | Bank | 2 | $314.4M | 7.06% |
| 5 | Frandsen Bank & Trust | Bank | 2 | $288.7M | 6.49% |
| 6 | American Federal Bank | Bank | 5 | $236.9M | 5.32% |
| 7 | First State Bank | Bank | 2 | $227.9M | 5.12% |
| 8 | Choice Financial Group | Bank | 2 | $218.4M | 4.91% |
| 9 | Wells Fargo Bank, National Association | Bank | 1 | $196.4M | 4.41% |
| 10 | United Valley Bank | Bank | 2 | $192.3M | 4.32% |
| 20 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 | $4.45B | 30 | 53 | Alerus Financial, National Association | 19.3% | 883 |
| 2024 | $3.66B | 28 | 49 | Alerus Financial, National Association | 22.2% | 928 |
| 2023 | $3.60B | 28 | 50 | Alerus Financial, National Association | 20.6% | 886 |
| 2022 | $3.60B | 28 | 51 | Alerus Financial, National Association | 21.4% | 919 |
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.