Lists · Deposits by metro area
Rochester, MN Metro Area Bank Deposit Market Share
Think Mutual Bank holds the largest share of deposits in the Rochester, MN metro area, 21.0%, followed by Wells Fargo Bank, N.A. (13.1%) and U.S. Bank N.A. (7.4%). 34 institutions hold $7.58B at 76 offices as of June 30, 2026, up 2.3% from 2025.
Largest share changes since 2025
Gained: Think Mutual Bank (0.55 points); Peoples State Bank of Plainview (0.35 points); U.S. Bank N.A. (0.29 points).
Lost: Eagle Rock Bank (-0.84 points); Alerus Financial, N.A. (-0.32 points); Premier Bank Minnesota (-0.24 points).
| # | Institution | Deposits | Market share | Share change from 2025 |
|---|---|---|---|---|
| 1 | Think Mutual Bank | $1.59B | 21.01% | +0.55 pts |
| 2 | Wells Fargo Bank, N.A. | $990.8M | 13.07% | -0.19 pts |
| 3 | U.S. Bank N.A. | $558.4M | 7.36% | +0.29 pts |
| 4 | Alerus Financial, N.A. | $486.3M | 6.41% | -0.32 pts |
| 5 | Old National Bank | $352.0M | 4.64% | -0.10 pts |
| 6 | Foresight Bank | $345.3M | 4.55% | +0.02 pts |
| 7 | Merchants Bank, N.A. | $331.7M | 4.38% | +0.14 pts |
| 8 | Premier Bank Minnesota | $258.4M | 3.41% | -0.24 pts |
| 9 | Peoples State Bank of Plainview | $240.3M | 3.17% | +0.35 pts |
| 10 | Associated Bank, N.A. | $239.7M | 3.16% | +0.25 pts |
| 11 | Sterling State Bank | $223.4M | 2.95% | +0.16 pts |
| 12 | West Bank | $217.0M | 2.86% | -0.14 pts |
| 13 | F & M Community Bank, N.A. | $184.4M | 2.43% | +0.01 pts |
| 14 | Manufacturers Bank & Trust Company | $178.8M | 2.36% | -0.16 pts |
| 15 | WNB Financial, N.A. | $161.8M | 2.13% | +0.00 pts |
| 16 | Eagle Rock Bank | $154.1M | 2.03% | -0.84 pts |
| 17 | First Security Bank | $121.6M | 1.60% | +0.07 pts |
| 18 | First Southeast Bank | $116.0M | 1.53% | +0.09 pts |
| 19 | Rushford State Bank (Incorporated) | $104.8M | 1.38% | +0.05 pts |
| 20 | Alliance Bank | $103.2M | 1.36% | -0.07 pts |
| 21 | Minnwest Bank | $96.4M | 1.27% | -0.11 pts |
| 22 | Root River State Bank | $80.4M | 1.06% | +0.02 pts |
| 23 | Forward Bank | $80.2M | 1.06% | +0.16 pts |
| 24 | Heritage Bank Minnesota | $46.9M | 0.62% | -0.10 pts |
| 25 | First State Bank Minnesota | $45.4M | 0.60% | +0.08 pts |
| 26 | First State Bank of Fountain | $38.6M | 0.51% | +0.02 pts |
| 27 | Coulee Bank | $35.0M | 0.46% | +0.03 pts |
| 28 | First National Bank | $34.9M | 0.46% | -0.01 pts |
| 29 | First Farmers & Merchants State Bank of Grand Meadow | $30.8M | 0.41% | -0.07 pts |
| 30 | Bank of Alma | $30.3M | 0.40% | +0.00 pts |
| 31 | Luminate Bank | $29.2M | 0.39% | +0.05 pts |
| 32 | The First State Bank of Red Wing | $28.3M | 0.37% | -0.02 pts |
| 33 | BMO Bank N.A. | $26.0M | 0.34% | +0.00 pts |
| 34 | Minnesota First Credit and Savings, Incorporated | $18.5M | 0.24% | +0.03 pts |
About this list
Deposits are those held at each institution's offices in Rochester, MN (the Census Bureau core based statistical area) as of June 30, 2026, from the FDIC Summary of Deposits, whatever state the institution is headquartered in. Market share is the institution's deposits divided by all deposits in the market. Shares are by bank charter, not rolled up to the holding company, and cover FDIC-insured institutions only, so credit unions are not included. Each office is placed in its county and metro area by the FDIC branch directory; the few offices the directory does not list are left out of the market and of every share.
Share change compares the institution's share in 2025 and 2026 in percentage points. Deposit change compares its deposits here in the two years and includes deposits that moved through mergers and branch sales; "New" means it had no offices here a year earlier. Offices that closed during the year are placed by their ZIP code or city.
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Statewide deposits
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