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Bankular
Local banking directory

Banks and Bank Branches in Algona, Iowa

The FDIC reported 7 deposit-reporting offices from 5 institutions in Algona as of June 30, 2025. Bankular currently provides 8 detailed location pages with addresses, maps and directions.

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FDIC-reported offices7
Institutions reporting5
Detailed location pages8
Reported branch deposits$532.6M
SOD reporting dateJune 30, 2025

Reported-office totals come from the annual FDIC Summary of Deposits survey. Maps and branch-detail links appear only for locations with a validated Bankular location page.

Market analysis

What the deposit data shows

FDIC SOD, June 30, 2025
Largest institutionIowa State Bank48.98% of deposits
Top three share85.12%
Deposit HHI3,241Higher concentration
Current detailed pages81 more than the June 2025 SOD count

Iowa State Bank held 48.98% of reported branch deposits in Algona. The three largest institutions together held 85.12%. Bankular places the resulting HHI of 3,241 in its higher concentration descriptive band.

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Detailed bank locations in Algona

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Detailed directory

Institutions with validated location pages

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Detailed bank locations in Algona

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Local deposit market

Reported offices, deposits and market share

FDIC SOD, June 30, 2025
InstitutionReported officesDepositsShare
Iowa State Bank2$260.9M48.98%
Northwest Bank1$112.1M21.05%
Farmers State Bank1$80.4M15.10%
Security State Bank2$68.8M12.92%
West Iowa Bank1$10.4M1.95%