County banking markets / MN / 27035
Crow WingMinnesota
FIPS 27035. Branch offices reported to the FDIC Summary of Deposits, June 30 of each survey year, 1994–2025. One of 87 counties in Minnesota’s 2025 survey.
Concentration, 1994–2025
Branch-count HHI squares each institution’s share of the county’s branch offices; deposit HHI squares its share of county deposits. The bands are the 2010 Horizontal Merger Guidelines classification, the dashed line the 1,800 level above which the Federal Reserve reviews a merger centrally. In 2025 this market is unconcentrated on branches (947) and unconcentrated on deposits (1,195).
Source: FDIC Summary of Deposits | DOJ & FTC, Horizontal Merger Guidelines (2010), section 5.3 | Federal Reserve, Competitive Effects of Mergers and Acquisitions FAQs Both indices computed from the SOD branch rows for this county, June 30 of each survey year. Neither is the Fed's screen HHI: no thrift weighting, no exclusion of specialty and internet banks, no central-booking adjustment. Methodology
Branches and institutions
24 branch offices and 14 institutions in 1994; 31 and 14 in 2025. Deposits booked in the county went from $495.1M to $2.01B, nominal.
Source: FDIC Summary of Deposits FDIC Summary of Deposits, June 30 of each survey year, 1994-2025. Methodology
Who holds the deposits, 2025
Every institution with a branch in the county, ranked by deposits booked here. Both shares are shown because they are the two indices above: squaring and summing the deposit column gives the deposit HHI, the branch column the branch-count HHI.
| # | Institution | Deposits | Deposit share | Branches | Branch share |
|---|---|---|---|---|---|
| 1 | Old National Bank cert 3832 | $393.9M | 19.57% | 2 | 6.45% |
| 2 | Deerwood Bank cert 5123 | $280.6M | 13.94% | 4 | 12.90% |
| 3 | First National Bank North cert 5269 | $254.7M | 12.65% | 4 | 12.90% |
| 4 | American National Bank of Minnesota cert 26499 | $239.7M | 11.91% | 4 | 12.90% |
| 5 | Wells Fargo Bank, National Association cert 3511 | $211.0M | 10.48% | 1 | 3.23% |
| 6 | First Western Bank & Trust cert 19123 | $209.6M | 10.41% | 4 | 12.90% |
| 7 | U.S. Bank National Association cert 6548 | $129.7M | 6.44% | 1 | 3.23% |
| 8 | National Bank of Commerce cert 14266 | $110.6M | 5.49% | 3 | 9.68% |
| 9 | Frandsen Bank & Trust cert 1399 | $89.2M | 4.43% | 2 | 6.45% |
| 10 | Pine River State Bank cert 10194 | $37.8M | 1.88% | 2 | 6.45% |
| 11 | Unity Bank cert 8714 | $33.7M | 1.67% | 1 | 3.23% |
| 12 | Security State Bank of Aitkin cert 16656 | $9.4M | 0.47% | 1 | 3.23% |
| 13 | Neighborhood National Bank cert 18885 | $7.5M | 0.37% | 1 | 3.23% |
| 14 | Randall State Bank cert 10969 | $5.9M | 0.29% | 1 | 3.23% |
Source: FDIC Summary of Deposits June 30, 2025. Branch rows grouped by FDIC certificate; names as reported to the survey. Deposit share is n/a where the county's total SOD deposits are zero. Methodology
Back to county banking markets, up to Minnesota, or read the methodology for the two HHI constructions and what they cannot tell you.