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Source: FDIC filings, company representatives, and Web sites. If you were not contacted for this listing but would like to be in the future, please contact research@tcbmag.com.
*See note at bottom of list.
| Rank | Company | 2008 assets | Minnesota banks | ||
|---|---|---|---|---|---|
|
1 |
U.S. Bancorp
800 Nicollet Mall, Second Floor |
$266,634,185,000 |
U.S. Bank (many locations) |
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|
2 |
TCF Financial Corporation
200 Lake Street East |
$16,792,522,000 |
TCF Bank (many locations) |
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|
3 |
Otto Bremer Foundation
445 Minnesota Street, Suite 2100 |
$7,739,268,000 |
Bremer Bank (many locations) |
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|
4 |
Minnwest Corporation
14820 Highway 7 |
$1,673,472,000 |
Minnwest Bank (Sioux Falls, Luverne, Tracy, Eagan, Montevideo, Redwood Falls) |
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|
5 |
Klein Financial, Inc.
1550 Audubon Road |
$1,631,389,000 |
KleinBank (Big Lake) |
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|
6 |
Frandsen Financial Corporation
4388 Round Lake Road West |
$1,407,482,000 |
Valley Bank (Jordan amd Waterville), Rural American Bank (Luck and Braham), State Bank of Tower (Tower), Northern National Bank (Nisswa), Queen City Federal Savings Bank (Virginia), Community Bank of the Red River Valley (East Grand Forks), Frandsen Bank & Trust (Lonsdale) |
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|
7 |
Anchor Bancorp, Inc.
1055 Wayzata Boulevard East, Suite 219 |
$1,285,915,000 |
Anchor Bank (North St. Paul, Wayzata, St. Paul) |
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|
8 |
Stearns Financial Services, Inc. (Employee Stock Ownership Plan)
4140 Thielman Lane |
$1,079,292,000 |
Stearns Bank (Upsala, Holdingford, St. Cloud) |
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|
9 |
Merchants Financial Group, Inc.
102 East Third Street, P.O. Box 248 |
$967,679,000 |
Merchants Bank (Caledonia, La Crescent, Winona) |
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|
10 |
Duke Financial Group, Inc.
80 South Eighth Street, Suite 3838 |
$749,622,000 |
State Bank of New Prague (New Prague), Peoples Bank of Commerce (Cambridge) |
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|
11 |
Mesaba Bancshares, Inc.
2310 Third Street Northwest |
$747,518,000 |
The Lake Bank (Two Harbors), American Bank of the North (Nashwauk) |
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advertisement |
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|
12 |
Alliance Financial Services, Inc.
55 East Fifth Street, Suite 115 |
$714,662,000 |
Alliance Bank (Lake City) |
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|
13 |
American Bancorporation
1578 University Avenue West |
$667,173,000 |
American Bank of St. Paul (St. Paul) |
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|
14 |
BancMidwest Corporation
360 North Robert Street, Suite 700 |
$632,920,000 |
White Rock Bank (Cannon Falls), Mainstreet Bank (Forest Lake) |
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|
15 |
Highland Bancshares, Inc.
2100 Ford Parkway |
$619,220,000 |
Highland Bank (St. Michael) |
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|
16 |
United Bankers' Bancorporation, Inc.
1650 West 82nd Street, Suite 1500 |
$587,980,000 |
United Bankers' Bank (Bloomington) |
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advertisement |
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|
17 |
Farmers State Corporation
10 Firestone Drive, Suite 300; P.O. Box 4309 |
$533,866,000 |
United Prairie Bank (Mountain Lake) |
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|
18 |
Voyager Financial Services Corporation
775 Prairie Center Drive |
$527,689,000 |
Voyager Bank (Eden Prairie) |
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|
19 |
University Financial Corp., Inc. (Sunrise Community Banks)
200 University Avenue West, Suite 200 |
$496,704,000 |
Franklin National Bank of Minneapolis (Minneapolis), University National Bank (St. Paul), Park Midway Bank (St. Paul) |
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|
20 |
Forstrom Bancorporation, Inc.
55 First Street Northwest, P.O. Box 430 |
$476,536,000 |
First Valley Bank (Seeley Lake), Security State Bank of Howard Lake (Howard Lake), Citizens State Bank of Clara City (Clara City) |
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|
21 |
Metro North Bancshares, Inc.
630 Main Street |
$468,807,000 |
The Bank of Elk River (Elk River) |
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advertisement |
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|
22 |
First National Bank of Bemidji ESOP and Trust
1600 Paul Bunyan Drive Northwest, P.O. Box 670 |
$449,053,000 |
The First National Bank of Bemidji (Bemidji) |
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|
23 |
Eastwood Financial Corporation
5125 Highway 52 North |
$433,681,000 |
Eastwood Bank (Kasson) |
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|
24 |
Central Bancshares, Inc.
945 Winnetka Avenue North |
$430,743,000 |
Central Bank (Stillwater) |
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|
25 |
First National Financial Services, Inc.
812 Main Street Northwest |
$429,982,000 |
The First National Bank of Elk River (Elk River) |
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• The number listed for employees is full-time equivalent.
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