Business · MN
Business lenders in Minnesota
321 lenders with an office in Minnesota hold commercial and industrial loans on their books. Stearns Bank National Association, based in Minnesota, holds the largest book among those based here, at $1.4B.
- Evidence
- Lender holds commercial and industrial loans on its books at the latest filing and has an office in Minnesota
- Data as of
- June 30, 2026
- Page last changed
- November 11, 2026
- Lenders with an office here
- 321
- FDIC call report,
- Based here
- 253
- FDIC call report,
- Held by those based here
- $11.7B
- FDIC call report,
- +4.5% from a year earlier, 245 of 253 lenders
- Median book, based here
- $14.7M
- FDIC call report,
Cite this
Source: The Lender Report, Business lenders in Minnesota, https://lender.report/business-lenders/minnesota/, data as of June 30, 2026.
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| Lender | Kind | Based in | Offices here | Holds | Growth, 12 months |
|---|---|---|---|---|---|
| Stearns Bank National Association | Bank | Saint Cloud, MN | 4 | $1.42B | |
| VersaBank USA National Association | Bank | Holdingford, MN | 2 | $577M | +389.8% |
| Bridgewater Bank | Bank | Saint Louis Park, MN | 10 | $577M | +7.5% |
| Tradition Capital Bank | Bank | Wayzata, MN | 3 | $425M | +14.9% |
| Merchants Bank, National Association | Bank | Winona, MN | 20 | $331M | |
| Frandsen Bank & Trust | Bank | Lonsdale, MN | 34 | $308M | |
| Platinum Bank | Bank | Oakdale, MN | 2 | $268M | +9.6% |
| Falcon National Bank | Bank | Foley, MN | 6 | $257M | |
| Ameriprise Bank, FSB | Savings | Minneapolis, MN | 2 | $257M | +47.7% |
| Scale Bank | Bank | Edina, MN | 1 | $255M | +89.5% |
| Minnwest Bank | Bank | Redwood Falls, MN | 30 | $251M | +44.8% |
| EntreBank | Bank | Bloomington, MN | 1 | $240M | +57.7% |
| Deerwood Bank | Bank | Waite Park, MN | 14 | $198M | |
| Park State Bank | Bank | Duluth, MN | 17 | $196M | |
| Midwest Bank | Bank | Detroit Lakes, MN | 7 | $175M | +23.3% |
| Magnifi Financial Credit Union | Credit union | Melrose, MN | 27 | $166M | +17.3% |
| First Resource Bank | Bank | Lino Lakes, MN | 7 | $142M | |
| Highland Bank | Bank | Saint Paul, MN | 8 | $139M | +0.1% |
| North American Banking Company | Bank | Roseville, MN | 6 | $138M | |
| BankVista | Bank | Sartell, MN | 3 | $132M | +10.8% |
| Lender | Kind | Based in | Offices here | Holds, nationwide |
|---|---|---|---|---|
| Bank of America, National Association | Bank | Charlotte, NC | 23 | $323B |
| JPMorgan Chase Bank, National Association | Bank | Columbus, OH | 47 | $242B |
| Wells Fargo Bank, National Association | Bank | Sioux Falls, SD | 119 | $200B |
| U.S. Bank National Association | Bank | Cincinnati, OH | 105 | $91.9B |
| The Huntington National Bank | Bank | Columbus, OH | 61 | $54.4B |
| BMO Bank National Association | Bank | Chicago, IL | 35 | $44.7B |
| UMB Bank, National Association | Bank | Kansas City, MO | 2 | $15.5B |
| Old National Bank | Bank | Evansville, IN | 77 | $11.6B |
| Associated Bank, National Association | Bank | Green Bay, WI | 24 | $9.61B |
| The Northern Trust Company | Bank | Chicago, IL | 1 | $3.98B |
- 253 of these lenders are based in Minnesota, and 68 are based elsewhere with offices here. FDIC call report,
- These lenders: 268 banks, 8 savings institutions and 45 credit unions. FDIC call report,
- Lenders based in Minnesota hold $11.7B of commercial and industrial loans, up 4.5% from a year earlier among the 245 of 253 with a comparable earlier filing. FDIC call report,
- The five largest books based here hold 28.5% of that total. FDIC call report,
- Stearns Bank National Association holds $1.4B, and VersaBank USA National Association holds $577.4M. FDIC call report,
- The median book among lenders based in Minnesota is $14.7M. FDIC call report,
- 66 lenders based here grew this book by 10% or more in the year to June 30, 2026. FDIC call report,
- 29 lenders based here hold $100M or more of it. FDIC call report,
- These lenders list 1,914 offices in Minnesota. FDIC office list,
- Wells Fargo Bank, National Association, based in South Dakota, lists the most offices here among out-of-state lenders, at 119. FDIC office list,
- Among credit unions here, the median average loan in this category is $68K. NCUA 5300,
- VersaBank USA National Association grew this book the most in the year, up 389.8% to $577.4M. FDIC call report,
How this list is defined
- Measure
- commercial and industrial loans held by lenders with an office in Minnesota
- Period
- June 30, 2026
- Formula
- The balance of commercial and industrial loans on the lender's June 30, 2026 filing, for a lender with an office in Minnesota. A balance held, not loans made.
- Order
- Largest first by the book held at the latest filing, then name. Payment is not part of the order.
- As of
- June 30, 2026
- Source
- FDIC call report
- Changelog
- : First published, with the data built on this date.
Commercial and industrial loans are loans to businesses for equipment, working capital and the like, usually not secured by real estate.
Call reports give one balance per institution, not by state, and they carry balances, not loans made. The figure shown is the whole institution's book.
Growth appears only where a book grew over the 12 months. Each lender's own page has its full record.
A lender counts here if it holds commercial and industrial loans on its books at the latest filing and has an office in Minnesota. Lenders that merged or stopped filing are left out.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.