| # | Institution | Type | Branches | Deposits | Share |
|---|---|---|---|---|---|
| 1 | Alerus Financial, National Association | Bank | 4 | $583.6M | 13.67% |
| 2 | Old National Bank | Bank | 3 | $574.7M | 13.46% |
| 3 | Gate City Bank | Bank | 3 | $368.4M | 8.63% |
| 4 | U.S. Bank National Association | Bank | 2 | $305.1M | 7.15% |
| 5 | Frandsen Bank & Trust | Bank | 2 | $290.1M | 6.80% |
| 6 | First State Bank | Bank | 2 | $253.5M | 5.94% |
| 7 | Choice Financial Group | Bank | 2 | $248.3M | 5.82% |
| 8 | American Federal Bank | Bank | 5 | $232.3M | 5.44% |
| 9 | United Valley Bank | Bank | 2 | $204.8M | 4.80% |
| 10 | Wells Fargo Bank, National Association | Bank | 1 | $202.9M | 4.75% |
| 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 |
|---|---|---|---|---|---|---|
| 2026 | $4.27B | 30 | 53 | Alerus Financial, National Association | 13.7% | 738 |
| 2025 | $4.45B | 30 | 53 | Alerus Financial, National Association | 19.3% | 883 |
| 2024 | $4.30B | 29 | 52 | Alerus Financial, National Association | 18.9% | 893 |
| 2023 | $4.25B | 29 | 53 | Alerus Financial, National Association | 17.4% | 869 |
| 2022 | $4.38B | 29 | 55 | Bremer Bank, National Association | 17.7% | 935 |
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.