County banking markets / MN / 27111
Otter TailMinnesota
FIPS 27111. 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 (672) and unconcentrated on deposits (1,094).
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 16 institutions in 1994; 27 and 18 in 2025. Deposits booked in the county went from $569.9M to $1.99B, 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 | Bell Bank cert 19581 | $383.3M | 19.28% | 2 | 7.41% |
| 2 | The First National Bank of Henning cert 5162 | $299.3M | 15.06% | 3 | 11.11% |
| 3 | United Community Bank cert 8544 | $273.9M | 13.78% | 2 | 7.41% |
| 4 | Old National Bank cert 3832 | $192.9M | 9.70% | 2 | 7.41% |
| 5 | FM Bank cert 10998 | $192.6M | 9.69% | 1 | 3.70% |
| 6 | Wells Fargo Bank, National Association cert 3511 | $116.3M | 5.85% | 1 | 3.70% |
| 7 | Midwest Bank cert 9737 | $99.7M | 5.02% | 2 | 7.41% |
| 8 | Farmers State Bank of Underwood cert 10174 | $84.0M | 4.22% | 3 | 11.11% |
| 9 | Farmers & Merchants State Bank of New York Mills, Incorporated cert 9340 | $72.3M | 3.64% | 1 | 3.70% |
| 10 | American Federal Bank cert 29140 | $50.6M | 2.55% | 1 | 3.70% |
| 11 | Vergas State Bank cert 9747 | $47.3M | 2.38% | 1 | 3.70% |
| 12 | BMO Bank National Association cert 16571 | $41.9M | 2.11% | 1 | 3.70% |
| 13 | U.S. Bank National Association cert 6548 | $39.3M | 1.98% | 1 | 3.70% |
| 14 | Gate City Bank cert 27774 | $35.9M | 1.80% | 1 | 3.70% |
| 15 | Minnesota National Bank cert 5249 | $24.9M | 1.25% | 1 | 3.70% |
| 16 | Wadena State Bank cert 13430 | $18.2M | 0.92% | 2 | 7.41% |
| 17 | American National Bank of Minnesota cert 26499 | $14.0M | 0.70% | 1 | 3.70% |
| 18 | Northwestern Bank, National Association cert 9746 | $1.3M | 0.07% | 1 | 3.70% |
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.