County banking markets / MN / 27163
WashingtonMinnesota
FIPS 27163. 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 (675) and unconcentrated on deposits (1,105).
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
29 branch offices and 15 institutions in 1994; 61 and 24 in 2025. Deposits booked in the county went from $850.6M to $6.62B, 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 | $1.47B | 22.16% | 5 | 8.20% |
| 2 | U.S. Bank National Association cert 6548 | $1.24B | 18.75% | 7 | 11.48% |
| 3 | Platinum Bank cert 58511 | $492.5M | 7.44% | 1 | 1.64% |
| 4 | Lake Elmo Bank cert 15443 | $438.4M | 6.62% | 8 | 13.11% |
| 5 | The Huntington National Bank cert 6560 | $434.4M | 6.56% | 5 | 8.20% |
| 6 | First Resource Bank cert 58039 | $349.8M | 5.28% | 2 | 3.28% |
| 7 | First State Bank and Trust cert 10159 | $329.5M | 4.98% | 3 | 4.92% |
| 8 | Old National Bank cert 3832 | $279.0M | 4.21% | 3 | 4.92% |
| 9 | MidWestOne Bank cert 14843 | $244.0M | 3.69% | 2 | 3.28% |
| 10 | Bank of America, National Association cert 3510 | $185.8M | 2.81% | 2 | 3.28% |
| 11 | Bell Bank cert 19581 | $155.3M | 2.35% | 3 | 4.92% |
| 12 | Frandsen Bank & Trust cert 1399 | $152.8M | 2.31% | 1 | 1.64% |
| 13 | Security State Bank of Marine cert 10163 | $147.4M | 2.23% | 3 | 4.92% |
| 14 | Associated Bank, National Association cert 5296 | $110.6M | 1.67% | 1 | 1.64% |
| 15 | JPMorgan Chase Bank, National Association cert 628 | $80.8M | 1.22% | 5 | 8.20% |
| 16 | North American Banking Company cert 34836 | $77.1M | 1.16% | 1 | 1.64% |
| 17 | BMO Bank National Association cert 16571 | $77.0M | 1.16% | 1 | 1.64% |
| 18 | Alerus Financial, National Association cert 3931 | $75.0M | 1.13% | 1 | 1.64% |
| 19 | American National Bank cert 19300 | $70.2M | 1.06% | 1 | 1.64% |
| 20 | Premier Bank cert 21714 | $69.3M | 1.05% | 2 | 3.28% |
| 21 | Merchants Bank, National Association cert 8866 | $68.4M | 1.03% | 1 | 1.64% |
| 22 | CorTrust Bank National Association cert 6063 | $28.8M | 0.43% | 1 | 1.64% |
| 23 | Citizens Community Federal National Association cert 57265 | $25.3M | 0.38% | 1 | 1.64% |
| 24 | Highland Bank cert 16111 | $19.9M | 0.30% | 1 | 1.64% |
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.