County banking markets / MN / 27137
St. LouisMinnesota
FIPS 27137. 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 (879) and unconcentrated on deposits (1,249).
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
64 branch offices and 23 institutions in 1994; 64 and 20 in 2025. Deposits booked in the county went from $1.75B to $4.75B, 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 | Wells Fargo Bank, National Association cert 3511 | $1.04B | 21.98% | 8 | 12.50% |
| 2 | Park State Bank cert 8851 | $749.0M | 15.76% | 10 | 15.63% |
| 3 | U.S. Bank National Association cert 6548 | $733.2M | 15.43% | 8 | 12.50% |
| 4 | National Bank of Commerce cert 14266 | $484.6M | 10.20% | 4 | 6.25% |
| 5 | North Shore Bank of Commerce cert 8850 | $467.6M | 9.84% | 7 | 10.94% |
| 6 | Frandsen Bank & Trust cert 1399 | $272.7M | 5.74% | 5 | 7.81% |
| 7 | Bell Bank cert 19581 | $199.5M | 4.20% | 2 | 3.13% |
| 8 | Security State Bank of Hibbing cert 10175 | $135.7M | 2.86% | 1 | 1.56% |
| 9 | Western National Bank cert 5131 | $103.6M | 2.18% | 3 | 4.69% |
| 10 | Northern State Bank of Virginia cert 19589 | $89.1M | 1.88% | 2 | 3.13% |
| 11 | The Miners National Bank of Eveleth cert 5141 | $77.6M | 1.63% | 1 | 1.56% |
| 12 | First National Bank cert 5113 | $70.8M | 1.49% | 3 | 4.69% |
| 13 | The First National Bank of Gilbert cert 5150 | $70.4M | 1.48% | 2 | 3.13% |
| 14 | B2 Bank National Association cert 5105 | $60.5M | 1.27% | 2 | 3.13% |
| 15 | The Huntington National Bank cert 6560 | $51.6M | 1.09% | 1 | 1.56% |
| 16 | Highland Bank cert 16111 | $41.3M | 0.87% | 1 | 1.56% |
| 17 | The First National Bank of Proctor cert 5232 | $31.1M | 0.66% | 1 | 1.56% |
| 18 | Northern State Bank cert 15242 | $25.4M | 0.54% | 1 | 1.56% |
| 19 | Northview Bank cert 10956 | $23.8M | 0.50% | 1 | 1.56% |
| 20 | Old National Bank cert 3832 | $19.7M | 0.42% | 1 | 1.56% |
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.