BANK & CREDIT UNION INTELLIGENCE

Banks in Hennepin County, MN

68 FDIC-insured banks operate 258 branches in Hennepin County, Minnesota, holding $144.18B in total deposits as of the 2026 FDIC Summary of Deposits. U.S. Bank National Association leads the market with 29.8% share. Deposit market share is the clearest available measure of competitive position in a local market: it reflects where households and businesses actually keep their money, rather than where institutions advertise or how many branches they operate.

Hennepin County market profile

Understanding a deposit market requires knowing the market itself. These figures come from the US Census Bureau American Community Survey 2024 five-year estimates. Median family income is the measure federal regulators use to define low- and moderate-income thresholds under the Community Reinvestment Act, which is why it is reported here separately from household income.

Population1,269,496
Median family income$134,878
Median home value$392,900
Banks operating in county68
Bank branches258

Deposit market share in Hennepin County

Ranked by deposits held within county borders. A bank's county deposits are the sum across all of its branches in that county, so an institution with several locations appears once. Figures are as of June 30, 2026, the annual reporting date for the FDIC Summary of Deposits.

RankBankDepositsShareBranches
1 U.S. Bank National Association $42.94B 29.78% 30
2 Wells Fargo Bank, National Association $38.49B 26.70% 39
3 Ameriprise Bank, FSB $23.94B 16.61% 2
4 Bell Bank $4.74B 3.29% 4
5 BMO Bank National Association $4.25B 2.95% 11
6 Bridgewater Bank $4.17B 2.89% 8
7 Bank of America, National Association $3.89B 2.70% 10
8 The Huntington National Bank $3.00B 2.08% 27
9 Choice Financial Group $2.59B 1.79% 2
10 Old National Bank $2.39B 1.66% 12
11 Alerus Financial, National Association $1.86B 1.29% 3
12 Tradition Capital Bank $1.58B 1.10% 2
13 Associated Bank, National Association $1.02B 0.71% 8
14 JPMorgan Chase Bank, National Association $687.3M 0.48% 20
15 VersaBank USA National Association $675.8M 0.47% 1
16 United Bankers' Bank $635.6M 0.44% 1
17 Dacotah Bank $500.8M 0.35% 1
18 UMB Bank, National Association $482.8M 0.33% 2
19 EntreBank $474.3M 0.33% 1
20 Scale Bank $423.1M 0.29% 1
21 Minnwest Bank $409.7M 0.28% 2
22 Luminate Bank $383.5M 0.27% 1
23 Crown Bank $332.8M 0.23% 2
24 Northeast Bank $298.9M 0.21% 1
25 Highland Bank $296.4M 0.21% 3
26 21st Century Bank $280.3M 0.19% 3
27 Citizens Independent Bank $267.0M 0.19% 4
28 Union Bank and Trust Company $230.9M 0.16% 1
29 MidCountry Bank $230.2M 0.16% 3
30 Security Bank & Trust Company $195.6M 0.14% 4
31 Nicolet National Bank $194.7M 0.14% 3
32 Farmers State Bank of Hamel $185.1M 0.13% 2
33 VisionBank $183.6M 0.13% 1
34 Sunrise Banks, National Association $159.8M 0.11% 2
35 Commerce Bank $134.0M 0.09% 1
36 Think Mutual Bank $129.2M 0.09% 1
37 Park State Bank $105.0M 0.07% 1
38 First Bank & Trust $104.4M 0.07% 1
39 Premier Bank Minnesota $87.4M 0.06% 1
40 Premier Bank $84.4M 0.06% 1
41 The Northern Trust Company $80.4M 0.06% 1
42 Granite Bank $78.6M 0.05% 1
43 Bank of Maple Plain $74.7M 0.05% 1
44 CorTrust Bank National Association $72.8M 0.05% 5
45 Platinum Bank $69.9M 0.05% 1
46 First Western Bank & Trust $67.9M 0.05% 1
47 Eagle Rock Bank $63.1M 0.04% 1
48 North American Banking Company $61.4M 0.04% 2
49 First Independence Bank $61.3M 0.04% 2
50 PrinsBank $60.1M 0.04% 1
51 First International Bank & Trust $57.6M 0.04% 1
52 First Resource Bank $56.1M 0.04% 1
53 Coulee Bank $54.1M 0.04% 1
54 Americana Community Bank $46.0M 0.03% 1
55 Falcon National Bank $35.6M 0.02% 1
56 First Bank Elk River $34.9M 0.02% 1
57 Woodlands National Bank $28.7M 0.02% 1
58 MINNESOTA LAKES BANK $27.6M 0.02% 1
59 Gateway Bank $26.5M 0.02% 1
60 Great Southern Bank $25.2M 0.02% 2

Showing the top 60 of 68 institutions.

About this data

The FDIC Summary of Deposits is an annual survey of branch office deposits filed by every FDIC-insured institution as of June 30 each year. It is the authoritative source for local deposit market share and is the dataset regulators use when assessing competitive effects of bank mergers. Because it is annual, it reflects a point in time rather than current balances. Vault republishes it without modification, free to access and free to cite. Available to AI agents at vaultbot.ai/mcp.