Lists · Deposits by county

Dakota County, MN Bank Deposit Market Share

Wells Fargo Bank, N.A. holds the largest share of deposits in Dakota County, MN, 23.7%, followed by U.S. Bank N.A. (16.4%) and Old National Bank (10.2%). 32 institutions hold $9.72B at 85 offices as of June 30, 2026, down 0.6% from 2025.

Institutions: 32 Offices: 85 Deposits: $9.72B Survey: FDIC Summary of Deposits, June 30, 2026

Largest share changes since 2025

Gained: Wells Fargo Bank, N.A. (1.28 points); Nicolet National Bank (1.11 points, new to this market); U.S. Bank N.A. (0.62 points).

Lost: Old National Bank (-3.65 points); BMO Bank N.A. (-0.20 points); Midcountry Bank (-0.14 points).

#	Institution	Offices	Deposits	Market share	Share change from 2025	Deposit change
1	Wells Fargo Bank, N.A.	9	$2.30B	23.71%	+1.28 pts	5.0%
2	U.S. Bank N.A.	7	$1.59B	16.38%	+0.62 pts	3.3%
3	Old National Bank	7	$991.9M	10.20%	-3.65 pts	-26.8%
4	Vermillion State Bank	6	$806.6M	8.30%	+0.43 pts	4.8%
5	The Huntington National Bank	6	$748.5M	7.70%	+0.09 pts	0.6%
6	Merchants Bank, N.A.	4	$320.4M	3.30%	+0.12 pts	3.1%
7	Associated Bank, N.A.	3	$270.8M	2.79%	+0.13 pts	4.2%
8	Castle Rock Bank	3	$249.6M	2.57%	+0.16 pts	5.9%
9	Gateway Bank	1	$243.3M	2.50%	+0.14 pts	5.4%
10	Choice Financial Group	1	$224.9M	2.31%	-0.08 pts	-3.9%
11	Lakeview Bank	2	$195.8M	2.01%	+0.36 pts	21.4%
12	The First State Bank of Rosemount	2	$138.4M	1.42%	+0.05 pts	2.9%
13	Minnwest Bank	2	$136.7M	1.41%	+0.07 pts	4.6%
14	Think Mutual Bank	2	$136.4M	1.40%	+0.00 pts	-0.6%
15	JPMorgan Chase Bank, N.A.	5	$131.6M	1.35%	+0.38 pts	38.3%
16	Premier Bank Minnesota	2	$130.3M	1.34%	-0.07 pts	-5.3%
17	BMO Bank N.A.	2	$129.3M	1.33%	-0.20 pts	-13.9%
18	Midcountry Bank	3	$117.3M	1.21%	-0.14 pts	-10.7%
19	Frandsen Bank & Trust	2	$110.9M	1.14%	+0.00 pts	-0.6%
20	Key Community Bank	1	$107.6M	1.11%	+0.11 pts	9.9%
21	Nicolet National Bank	1	$107.5M	1.11%	+1.11 pts	New
22	Deerwood Bank	1	$107.1M	1.10%	+0.04 pts	3.4%
23	Bank of America, N.A.	3	$81.6M	0.84%	+0.04 pts	4.5%
24	New Market Bank	1	$76.1M	0.78%	+0.05 pts	6.5%
25	Sterling State Bank	2	$53.8M	0.55%	-0.02 pts	-4.2%
26	Citizens Bank Minnesota	1	$52.1M	0.54%	+0.01 pts	1.6%
27	Great Southern Bank	1	$51.7M	0.53%	+0.13 pts	32.7%
28	First National Bank	1	$40.0M	0.41%	+0.02 pts	3.4%
29	Prime Security Bank	1	$26.5M	0.27%	-0.06 pts	-19.5%
30	Alerus Financial, N.A.	1	$14.6M	0.15%	-0.06 pts	-28.9%
31	21st Century Bank	1	$13.1M	0.13%	-0.04 pts	-25.0%
32	North American Banking Company	1	$9.5M	0.10%	0.00 pts	-4.0%

About this list

Deposits are those held at each institution's offices in Dakota County 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.

Wider markets

Minnesota deposits by institution Minneapolis-St. Paul-Bloomington, MN-WI metro area Minnesota bank directory

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