| # | Institution | Type | Branches | Deposits | Share |
|---|---|---|---|---|---|
| 1 | Think Mutual Bank | Bank | 6 | $1.52B | 16.71% |
| 2 | Wells Fargo Bank, National Association | Bank | 4 | $982.4M | 10.82% |
| 3 | Mayo Employees Federal Credit Union | Credit union | 7 | $862.8M* | 9.50% |
| 4 | U.S. Bank National Association | Bank | 3 | $523.9M | 5.77% |
| 5 | Alerus Financial, National Association | Bank | 6 | $499.1M | 5.50% |
| 6 | Old National Bank | Bank | 4 | $351.5M | 3.87% |
| 7 | Foresight Bank | Bank | 3 | $336.0M | 3.70% |
| 8 | Merchants Bank, National Association | Bank | 4 | $314.1M | 3.46% |
| 9 | Altra Federal Credit Union | Credit union | 2 | $275.6M* | 3.04% |
| 10 | Premier Bank Minnesota | Bank | 4 | $270.2M | 2.98% |
| 28 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 | $9.08B | 38 | 92 | Think Mutual Bank | 16.7% | 672 |
| 2024 | $7.91B | 36 | 84 | Think Mutual Bank | 18.6% | 793 |
| 2023 | $7.68B | 35 | 84 | Think Mutual Bank | 19.4% | 870 |
| 2022 | $7.79B | 32 | 78 | Think Mutual Bank | 20.9% | 983 |
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.