Branch Presence
Banks with Branches in Rochester, MN
Think Mutual Bank is the biggest bank in Rochester, MN, with $1.59B in deposits at its Rochester branches, 30.8% of the city's total as of the June 30, 2026 FDIC Summary of Deposits.
17 banks operate 38 branches in Rochester, MN, ranked below by local branch count from the FDIC Summary of Deposits. This counts every bank with a branch here, not only banks headquartered locally.
Deposit share is each bank's share of the $5.17B held in Rochester, MN, as of the June 30, 2026 FDIC Summary of Deposits, ranked by deposits (#1 is largest). Banks that book deposits at a headquarters branch can show a share that exceeds their local customer base.
| Bank | Branches in Rochester | Local deposits | Deposit share |
|---|---|---|---|
| Think Mutual Bank | 6 | $1.59B | 30.8% (#1) |
| Wells Fargo Bank, N.A. | 4 | $990.8M | 19.2% (#2) |
| Premier Bank Minnesota | 4 | $258.4M | 5.0% (#5) |
| U.S. Bank N.A. | 3 | $558.4M | 10.8% (#3) |
| Alerus Financial, N.A. | 3 | $363.6M | 7.0% (#4) |
| Associated Bank, N.A. | 3 | $239.7M | 4.6% (#6) |
| Sterling State Bank | 2 | $223.4M | 4.3% (#7) |
| Old National Bank | 2 | $219.1M | 4.2% (#8) |
| Merchants Bank, N.A. | 2 | $153.8M | 3.0% (#10) |
| Minnwest Bank | 2 | $39.5M | 0.8% (#14) |
| West Bank | 1 | $217.0M | 4.2% (#9) |
| Eagle Rock Bank | 1 | $98.0M | 1.9% (#11) |
| F & M Community Bank, N.A. | 1 | $68.2M | 1.3% (#12) |
| Foresight Bank | 1 | $60.8M | 1.2% (#13) |
| Coulee Bank | 1 | $35.0M | 0.7% (#15) |
| Manufacturers Bank & Trust Company | 1 | $32.8M | 0.6% (#16) |
| Minnesota First Credit and Savings, Incorporated | 1 | $18.5M | 0.4% (#17) |
County deposit market: Olmsted, MN
The $5.54B held across 19 FDIC-insured banks in this county, as of the June 30, 2026 FDIC Summary of Deposits. The 10 largest are shown; see every bank in the Olmsted, MN market with its change from a year earlier. Banks only: credit unions are not in the Summary of Deposits.
| Rank | Bank | Deposit share | Deposits | Branches |
|---|---|---|---|---|
| 1 | Think Mutual Bank | 28.7% | $1.59B | 6 |
| 2 | Wells Fargo Bank, N.A. | 17.9% | $990.8M | 4 |
| 3 | U.S. Bank N.A. | 10.1% | $558.4M | 3 |
| 4 | Alerus Financial, N.A. | 6.6% | $363.6M | 3 |
| 5 | Old National Bank | 5.1% | $283.9M | 3 |
| 6 | Premier Bank Minnesota | 4.7% | $258.4M | 4 |
| 7 | Associated Bank, N.A. | 4.3% | $239.7M | 3 |
| 8 | Sterling State Bank | 4.0% | $223.4M | 2 |
| 9 | West Bank | 3.9% | $217.0M | 1 |
| 10 | Eagle Rock Bank | 2.8% | $154.1M | 2 |
Metro area deposit market: Rochester, MN
The $7.58B held across 34 FDIC-insured banks in this metro area, as of the June 30, 2026 FDIC Summary of Deposits. The 10 largest are shown; see every bank in the Rochester, MN market with its change from a year earlier. Banks only: credit unions are not in the Summary of Deposits.
| Rank | Bank | Deposit share | Deposits | Branches |
|---|---|---|---|---|
| 1 | Think Mutual Bank | 21.0% | $1.59B | 6 |
| 2 | Wells Fargo Bank, N.A. | 13.1% | $990.8M | 4 |
| 3 | U.S. Bank N.A. | 7.4% | $558.4M | 3 |
| 4 | Alerus Financial, N.A. | 6.4% | $486.3M | 5 |
| 5 | Old National Bank | 4.6% | $352.0M | 4 |
| 6 | Foresight Bank | 4.6% | $345.3M | 3 |
| 7 | Merchants Bank, N.A. | 4.4% | $331.7M | 4 |
| 8 | Premier Bank Minnesota | 3.4% | $258.4M | 4 |
| 9 | Peoples State Bank of Plainview | 3.2% | $240.3M | 2 |
| 10 | Associated Bank, N.A. | 3.2% | $239.7M | 3 |
Banks in Rochester: common questions
What is the biggest bank in Rochester, MN?
Think Mutual Bank is the biggest bank in Rochester, MN, with $1.59B in deposits at its Rochester branches, 30.8% of the city's total as of the June 30, 2026 FDIC Summary of Deposits.
How many banks are in Rochester, MN?
17 FDIC-insured banks operate 38 branches in Rochester, MN as of the June 30, 2026 FDIC Summary of Deposits. This counts every bank with a branch in the city, not only banks headquartered there. Credit unions are not in the Summary of Deposits.
What are the largest banks in Rochester, MN?
Ranked by deposits held in Rochester branches as of the June 30, 2026 FDIC Summary of Deposits: 1. Think Mutual Bank (30.8%); 2. Wells Fargo Bank, N.A. (19.2%); 3. U.S. Bank N.A. (10.8%); 4. Alerus Financial, N.A. (7.0%); 5. Premier Bank Minnesota (5.0%). The share is each bank's part of all deposits in the city.
Largest banks in Minnesota
For the state as a whole, see the largest banks in Minnesota, ranked by total assets and by deposits in Minnesota branches, or every bank in the Minnesota bank directory.
Banks in other Minnesota cities:
About this data
Branch counts and local deposits come from the FDIC Summary of Deposits, the annual June 30 survey of branch-office deposits for every FDIC-insured bank. Click any bank to see its full regulatory profile and complete branch network. Looking for banks headquartered here instead? See the US bank directory.