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Bankular
Local banking directory

Banks and Bank Branches in Hermantown, Minnesota

The FDIC reported 5 deposit-reporting offices from 5 institutions in Hermantown as of June 30, 2025. Bankular currently provides 6 detailed location pages with addresses, maps and directions.

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FDIC-reported offices5
Institutions reporting5
Detailed location pages6
Reported branch deposits$280.9M
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 institutionNational Bank of Commerce36.82% of deposits
Top three share81.39%
Deposit HHI2,787Higher concentration
Current detailed pages61 more than the June 2025 SOD count

National Bank of Commerce held 36.82% of reported branch deposits in Hermantown. The three largest institutions together held 81.39%. Bankular places the resulting HHI of 2,787 in its higher concentration descriptive band.

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Detailed bank locations in Hermantown

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Detailed directory

Institutions with validated location pages

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Detailed bank locations in Hermantown

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Local deposit market

Reported offices, deposits and market share

FDIC SOD, June 30, 2025
InstitutionReported officesDepositsShare
National Bank of Commerce1$103.4M36.82%
North Shore Bank of Commerce1$94.9M33.78%
Frandsen Bank & Trust1$30.3M10.79%
Western National Bank1$28.1M10.00%
Park State Bank1$24.2M8.61%