County banking markets / MN / 27049
GoodhueMinnesota
FIPS 27049. 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 (1,450) and moderately concentrated on deposits (1,545).
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
18 branch offices and 14 institutions in 1994; 20 and 12 in 2025. Deposits booked in the county went from $499.2M to $1.42B, 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 | First Farmers & Merchants Bank cert 10168 | $345.3M | 24.37% | 6 | 30.00% |
| 2 | Merchants Bank, National Association cert 8866 | $280.1M | 19.77% | 2 | 10.00% |
| 3 | Frandsen Bank & Trust cert 1399 | $248.5M | 17.54% | 3 | 15.00% |
| 4 | Wells Fargo Bank, National Association cert 3511 | $144.3M | 10.19% | 1 | 5.00% |
| 5 | Associated Bank, National Association cert 5296 | $116.4M | 8.21% | 1 | 5.00% |
| 6 | Security State Bank of Wanamingo cert 18378 | $87.7M | 6.19% | 1 | 5.00% |
| 7 | Security State Bank of Kenyon cert 15597 | $58.4M | 4.12% | 1 | 5.00% |
| 8 | Community Resource Bank cert 5219 | $53.9M | 3.81% | 1 | 5.00% |
| 9 | Alliance Bank cert 10973 | $32.4M | 2.29% | 1 | 5.00% |
| 10 | Heritage Bank Minnesota cert 8865 | $26.6M | 1.88% | 1 | 5.00% |
| 11 | The First State Bank of Red Wing cert 8191 | $21.4M | 1.51% | 1 | 5.00% |
| 12 | Minnesota First Credit and Savings, Incorporated cert 26755 | $1.7M | 0.12% | 1 | 5.00% |
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.