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Local banking directory

Banks and Bank Branches in Northfield, Minnesota

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

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FDIC-reported offices7
Institutions reporting5
Detailed location pages7
Reported branch deposits$635.1M
SOD reporting dateJune 30, 2025

Market analysis

What the deposit data shows

FDIC SOD, June 30, 2025
Largest institutionMerchants Bank34.22% of deposits
Top three share93.80%
Deposit HHI2,981Higher concentration
Current detailed pages7Matches the June 2025 SOD office count

Merchants Bank held 34.22% of reported branch deposits in Northfield. The three largest institutions together held 93.80%. Bankular places the resulting HHI of 2,981 in its higher concentration descriptive band.

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Local deposit market

Reported offices, deposits and market share

FDIC SOD, June 30, 2025
InstitutionReported officesDepositsShare
Merchants Bank2$217.3M34.22%
Wells Fargo Bank1$206.8M32.56%
Community Resource Bank2$171.6M27.02%
Heritage Bank Minnesota1$22.1M3.48%
Premier Bank Minnesota1$17.3M2.72%