Banks finance more commercial property than any other source — apartment buildings, retail, office, industrial and mixed-use — and most of them lend close to home, so a bank with branches near your property is often a better first call than a national name. The tables below rank the banks operating in Minneapolis four ways: by size, by deposits, by how many branches they run here, and by how much commercial real estate they already hold. Expect a bank to want recourse and, usually, a banking relationship; if a personal guarantee is the sticking point, a debt fund or CMBS lender is the likelier fit — the capital guide compares them.
Largest Banking Institutions in Minneapolis, by Assets
Institutions headquartered in the Minneapolis metro. Ranked by total (bank-wide) assets — not a measure of Minneapolis-specific size, which FDIC data can't establish (see Sources).
| # | Institution | Total assets |
|---|---|---|
| 1 | Ameriprise Bank, FSB | $25.48bn |
| 2 | Bridgewater Bank | $5.38bn |
| 3 | Tradition Capital Bank | $2.72bn |
| 4 | North American Banking Company | $1.47bn |
| 5 | Premier Bank | $1.18bn |
| 6 | First Resource Bank | $1.08bn |
| 7 | MidCountry Bank | $1.07bn |
| 8 | United Bankers' Bank | $1.05bn |
| 9 | Vermillion State Bank | $0.93bn |
| 10 | 21st Century Bank | $0.89bn |
| 11 | Northeast Bank | $0.84bn |
| 12 | Hiawatha National Bank | $0.78bn |
| 13 | Highland Bank | $0.78bn |
| 14 | Platinum Bank | $0.74bn |
| 15 | The Bank of Elk River | $0.72bn |
Largest CRE Books, Headquartered in Minneapolis
Same population as the assets table above — not branch presence, which would seat a national bank's entire balance sheet here on the strength of a single branch. Ranked by current-quarter investor CRE loans (construction, multifamily, non-owner-occupied commercial), $100 million floor.
| # | Institution | CRE book |
|---|---|---|
| 1 | Bridgewater Bank | $2.98bn |
| 2 | Tradition Capital Bank | $0.77bn |
| 3 | Premier Bank | $0.42bn |
| 4 | MidCountry Bank | $0.37bn |
| 5 | United Bankers' Bank | $0.36bn |
| 6 | North American Banking Company | $0.35bn |
| 7 | First Resource Bank | $0.30bn |
| 8 | 21st Century Bank | $0.28bn |
| 9 | Premier Bank Minnesota | $0.26bn |
| 10 | Northeast Bank | $0.24bn |
| 11 | Highland Bank | $0.19bn |
| 12 | Hiawatha National Bank | $0.16bn |
| 13 | Platinum Bank | $0.15bn |
| 14 | Crown Bank | $0.14bn |
| 15 | EntreBank | $0.14bn |
9 money-center/specialty charters excluded from population, same list as the state CRE-size pages.
Largest Banks in Minneapolis, by Deposits
Institutions with at least one Minneapolis branch. Ranked by deposits actually booked at a Minneapolis office — real local presence, unlike the assets table above.
| # | Institution | Minneapolis deposits | Minneapolis branches | Largest office |
|---|---|---|---|---|
| 1 | U.S. Bank National Association | $95.87bn | 78 | 49% |
| 2 | Wells Fargo Bank, National Association | $41.28bn | 84 | 44% |
| 3 | Old National Bank | $8.22bn | 48 | 15% |
| 4 | The Huntington National Bank | $6.53bn | 58 | 5% |
| 5 | Bank of America, National Association | $5.19bn | 22 | 79% |
| 6 | BMO Bank National Association | $4.83bn | 26 | 69% |
| 7 | Bell Bank | $4.44bn | 7 | 73% |
| 8 | Bridgewater Bank | $4.28bn | 10 | 62% |
| 9 | Choice Financial Group | $3.04bn | 4 | 76% |
| 10 | Associated Bank, National Association | $2.44bn | 18 | 27% |
| 11 | Alerus Financial, National Association | $1.84bn | 7 | 57% |
| 12 | Tradition Capital Bank | $1.70bn | 3 | 67% |
| 13 | North American Banking Company | $1.13bn | 6 | 84% |
| 14 | MidWestOne Banknow Nicolet National Bank | $1.04bn | 13 | 14% |
| 15 | JPMorgan Chase Bank, National Association | $0.96bn | 41 | 8% |
Ameriprise Bank, FSB reports $22.50B of deposits at 2 Minneapolis-area offices and is not ranked here. Bank of America, National Association: $4.1B of its Minneapolis deposits are booked at a single Minneapolis office; its other 21 Minneapolis branches hold $1.1B. BMO Bank National Association: $3.3B of its Minneapolis deposits are booked at a single Minneapolis office; its other 25 Minneapolis branches hold $1.5B. Deposits are as FDIC reports them, by the office where they are booked - not necessarily where the underlying relationship or customer is.
Banks With the Most Minneapolis Branches
Same population as the deposits table above, ranked by branch count.
| # | Institution | Minneapolis branches | Minneapolis deposits |
|---|---|---|---|
| 1 | Wells Fargo Bank, National Association | 84 | $41.28bn |
| 2 | U.S. Bank National Association | 78 | $95.87bn |
| 3 | The Huntington National Bank | 58 | $6.53bn |
| 4 | Old National Bank | 48 | $8.22bn |
| 5 | JPMorgan Chase Bank, National Association | 41 | $0.96bn |
| 6 | BMO Bank National Association | 26 | $4.83bn |
| 7 | Bank of America, National Association | 22 | $5.19bn |
| 8 | Security Bank & Trust Company | 20 | $0.64bn |
| 9 | Associated Bank, National Association | 18 | $2.44bn |
| 10 | MidWestOne Banknow Nicolet National Bank | 13 | $1.04bn |
| 11 | CorTrust Bank National Association | 12 | $0.34bn |
| 12 | Bridgewater Bank | 10 | $4.28bn |
| 13 | MidCountry Bank | 9 | $0.56bn |
| 14 | Frandsen Bank & Trust | 8 | $0.63bn |
| 15 | Lake Elmo Bank | 8 | $0.44bn |
Ameriprise Bank, FSB reports $22.50B of deposits at 2 Minneapolis-area offices and is not ranked here.
What does this mean for CRE borrowers?
Bank size, deposits, and local branch presence are useful indicators of an institution's scale and footprint in Minneapolis, but they don't tell you a bank's CRE lending appetite, property-type focus, or how it prices a deal like yours. A bank near the top of these lists may not lend on your property type at all; a bank you've never heard of may be exactly the right fit. Use Lender Compass to identify lenders based on property type, loan type, geography, and other deal characteristics — not bank size alone.
Sources & methodology
Population: 127 institutions have at least one branch in the Minneapolis-St. Paul-Bloomington MSA, June 30, 2025 (FDIC Summary of Deposits); 59 are headquartered here. Figures below come directly from FDIC Call Report and Summary of Deposits data, not modeled or estimated.
Geography: the Minneapolis-St. Paul-Bloomington MSA (FDIC MSA code 33460) — not statewide, not a hand-assembled county list. Every branch and institution figure above is scoped to this MSA using FDIC's own MSA classification.
Assets and CRE book tables use institutions whose main office is registered in the Minneapolis MSA, not merely a branch — a bank's total assets or CRE book has no geographic allocation to a single branch, so a branch-presence population would seat a national bank's entire balance sheet here on the strength of one office. Active institutions only, checked against FDIC's current status, not a fixed list — a bank that merges away next quarter drops out automatically.
Deposits and branch-count tables use any institution with a Minneapolis branch, since FDIC's Summary of Deposits survey specifically allocates deposits to the office where they're booked — the one figure that genuinely reflects local presence. Recently-merged institutions are shown under their prior charter with the successor named, since the historical Minneapolis presence is real regardless of what happened to the charter since; when the successor also lands in the same table, a note states the combined figure.
CRE book means investor commercial real estate loans — construction & land development, multifamily (5+ unit residential), and non-owner-occupied commercial property — per FDIC Call Report Schedule RC-C. It excludes owner-occupied CRE, which is reported separately and generally reflects a business's own real estate rather than third-party lending.