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Bankular
Local banking directory

Banks and Bank Branches in Baxter, Minnesota

The FDIC reported 8 deposit-reporting offices from 7 institutions in Baxter as of June 30, 2025. Bankular currently provides 13 detailed location pages with addresses, maps and directions.

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FDIC-reported offices8
Institutions reporting7
Detailed location pages13
Reported branch deposits$618.1M
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 institutionDeerwood Bank19.25% of deposits
Top three share55.51%
Deposit HHI1,543Moderate concentration
Current detailed pages135 more than the June 2025 SOD count

Deerwood Bank held 19.25% of reported branch deposits in Baxter. The three largest institutions together held 55.51%. Bankular places the resulting HHI of 1,543 in its moderate concentration descriptive band.

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Detailed bank locations in Baxter

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Detailed directory

Institutions with validated location pages

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Detailed bank locations in Baxter

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Local deposit market

Reported offices, deposits and market share

FDIC SOD, June 30, 2025
InstitutionReported officesDepositsShare
Deerwood Bank1$119.0M19.25%
Old National Bank1$114.1M18.46%
First Western Bank & Trust1$110.0M17.80%
Frandsen Bank & Trust1$89.2M14.44%
National Bank of Commerce2$73.2M11.85%
American National Bank of Minnesota1$58.6M9.48%
First National Bank North1$53.9M8.72%