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  • About Minnesota:
    430 banks are headquartered in Minnesota. MN also hosts 1,846 bank branches within its borders.
  • Minnesota ranks 27th in the U.S. for banking size, due to the fact that the banks in MN have a combined asset size of $79 Billion.
  • Of the banks in Minnesota, the biggest is Tcf National Bank. Tcf National Bank has $18 Billion in assets - fully 22.68 % of the banking assets in MN. By contrast, Kent State Bank is the smallest bank in Minnesota. Kent State Bank has an asset size of $7 Million.
  • Minnesota has 21,786 people employed full-time at the banks headquartered within its borders.
  • While the average APY on a 12 month certificate of deposit in Minnesota is 1.07 %, the overnight auction rate at MoneyAisle for a 12 month bank CD was 1.99 %! Try it out for yourself: Compare the live auction rates on MoneyAisle to the average rate offered in Minnesota!

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Minnesota Banks - Fast Facts

  • Banks HQ in MN: 430
  • Number of MN Branches: 1,846
  • Average Branch Deposit Size: $55 Million
  • MN HQ Banks Employ : 21,786 full-time employees
  • MN HQ Banks Assets: $79 Billion
  • Biggest Bank HQ in MN (Assets): Tcf National Bank
  • Smallest Bank HQ in MN (Assets): Kent State Bank
  • % of US Bank Assets: 0.58 %

Data from FDIC as of 3/31/2009

Banks Headquartered in Minnesota

(Largest Banks by Asset Size)

Banks with Branches in Minnesota

(Largest Banks by Asset Size)