County banking markets / MN / 27045
FillmoreMinnesota
FIPS 27045. 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 (1,111) and unconcentrated on deposits (1,211).
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
16 branch offices and 14 institutions in 1994; 15 and 11 in 2025. Deposits booked in the county went from $318.7M to $773.8M, 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 | Merchants Bank, National Association cert 8866 | $170.0M | 21.97% | 2 | 13.33% |
| 2 | First Southeast Bank cert 10576 | $106.6M | 13.78% | 3 | 20.00% |
| 3 | Rushford State Bank (Incorporated) cert 11411 | $98.7M | 12.76% | 1 | 6.67% |
| 4 | Root River State Bank cert 1098 | $76.9M | 9.94% | 1 | 6.67% |
| 5 | F & M Community Bank, National Association cert 10967 | $71.5M | 9.24% | 1 | 6.67% |
| 6 | Alerus Financial, National Association cert 3931 | $67.3M | 8.70% | 1 | 6.67% |
| 7 | Minnwest Bank cert 16958 | $48.2M | 6.23% | 2 | 13.33% |
| 8 | First State Bank Minnesota cert 10162 | $38.2M | 4.93% | 1 | 6.67% |
| 9 | First State Bank of Fountain cert 9349 | $36.5M | 4.71% | 1 | 6.67% |
| 10 | First National Bank cert 25894 | $34.6M | 4.47% | 1 | 6.67% |
| 11 | BMO Bank National Association cert 16571 | $25.3M | 3.27% | 1 | 6.67% |
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.