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Sherburne County, MN Bank Deposit Market Share

The Bank of Elk River holds the largest share of deposits in Sherburne County, MN, 35.3%, followed by Wells Fargo Bank, N.A. (14.1%) and Sherburne Bank (11.6%). 14 institutions hold $1.61B at 18 offices as of June 30, 2026, up 2.7% from 2025.

Institutions: 14 Offices: 18 Deposits: $1.61B Survey: FDIC Summary of Deposits, June 30, 2026

Largest share changes since 2025

Gained: Nicolet National Bank (3.03 points, new to this market); Old National Bank (1.05 points); Sherburne Bank (0.78 points).

Lost: The Bank of Elk River (-1.44 points); First Bank Elk River (-0.31 points); National Bank of Commerce (-0.30 points).

# Institution Offices Deposits Market share Share change from 2025 Deposit change
1 The Bank of Elk River 3 $566.2M 35.26% -1.44 pts -1.3%
2 Wells Fargo Bank, N.A. 1 $226.6M 14.11% +0.03 pts 2.9%
3 Sherburne Bank 2 $185.6M 11.56% +0.78 pts 10.1%
4 First Bank Elk River 2 $152.9M 9.52% -0.31 pts -0.6%
5 U.S. Bank N.A. 1 $141.3M 8.80% -0.10 pts 1.5%
6 The Huntington National Bank 1 $111.1M 6.92% +0.21 pts 5.9%
7 Old National Bank 1 $87.5M 5.45% +1.05 pts 27.3%
8 Nicolet National Bank 1 $48.6M 3.03% +3.03 pts New
9 National Bank of Commerce 1 $36.6M 2.28% -0.30 pts -9.4%
10 Woodlands National Bank 1 $21.5M 1.34% -0.05 pts -1.2%
11 The First National Bank of Milaca 1 $13.9M 0.86% +0.13 pts 21.6%
12 Liberty Bank Minnesota 1 $7.5M 0.47% +0.00 pts 3.7%
13 Gate City Bank 1 $4.7M 0.29% +0.04 pts 19.1%
14 JPMorgan Chase Bank, N.A. 1 $1.8M 0.11% +0.11 pts New

About this list

Deposits are those held at each institution's offices in Sherburne 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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