Construction · MN
Construction lenders in Minnesota
282 lenders with an office in Minnesota hold construction and land loans on their books. Stearns Bank National Association, based in Minnesota, holds the largest book among those based here, at $415.8M.
- Evidence
- Lender holds construction and land 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
- 282
- FDIC call report,
- Based here
- 218
- FDIC call report,
- Held by those based here
- $4.53B
- FDIC call report,
- +4.9% from a year earlier, 211 of 218 lenders
- Median book, based here
- $5.72M
- FDIC call report,
Cite this
Source: The Lender Report, Construction lenders in Minnesota, https://lender.report/construction-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 | $416M | |
| Tradition Capital Bank | Bank | Wayzata, MN | 3 | $296M | +23.4% |
| Magnifi Financial Credit Union | Credit union | Melrose, MN | 27 | $259M | |
| Bridgewater Bank | Bank | Saint Louis Park, MN | 10 | $228M | +43.4% |
| Frandsen Bank & Trust | Bank | Lonsdale, MN | 34 | $166M | |
| Minnwest Bank | Bank | Redwood Falls, MN | 30 | $157M | |
| Premier Bank | Bank | Maplewood, MN | 8 | $111M | +1.4% |
| Midwest Bank | Bank | Detroit Lakes, MN | 7 | $110M | +27.3% |
| Northview Bank | Bank | Sandstone, MN | 12 | $95.9M | +9.6% |
| Citizens Alliance Bank | Bank | Clara City, MN | 12 | $93.6M | |
| United Bankers' Bank | Bank | Richfield, MN | 1 | $76.5M | |
| Merchants Bank, National Association | Bank | Winona, MN | 20 | $75.4M | +9.0% |
| Star Bank | Bank | Maple Lake, MN | 11 | $74.2M | |
| Falcon National Bank | Bank | Foley, MN | 6 | $72.5M | |
| Pioneer Bank | Bank | Mapleton, MN | 6 | $68.6M | +101.3% |
| Eagle Rock Bank | Bank | Rochester, MN | 5 | $67.6M | |
| Deerwood Bank | Bank | Waite Park, MN | 14 | $65.6M | +2.2% |
| First National Bank North | Bank | Walker, MN | 10 | $63.4M | +13.3% |
| Luminate Bank | Bank | Minneapolis, MN | 2 | $62.7M | +105.4% |
| North American Banking Company | Bank | Roseville, MN | 6 | $62.4M | +47.8% |
| Lender | Kind | Based in | Offices here | Holds, nationwide |
|---|---|---|---|---|
| JPMorgan Chase Bank, National Association | Bank | Columbus, OH | 47 | $18.8B |
| Wells Fargo Bank, National Association | Bank | Sioux Falls, SD | 119 | $12.5B |
| Bank of America, National Association | Bank | Charlotte, NC | 23 | $9.68B |
| U.S. Bank National Association | Bank | Cincinnati, OH | 105 | $9.38B |
| The Huntington National Bank | Bank | Columbus, OH | 61 | $5.32B |
| BMO Bank National Association | Bank | Chicago, IL | 35 | $4.49B |
| UMB Bank, National Association | Bank | Kansas City, MO | 2 | $2.93B |
| Associated Bank, National Association | Bank | Green Bay, WI | 24 | $2.55B |
| Old National Bank | Bank | Evansville, IN | 77 | $2.45B |
| Nicolet National Bank | Bank | Green Bay, WI | 14 | $732M |
- 218 of these lenders are based in Minnesota, and 64 are based elsewhere with offices here. FDIC call report,
- These lenders: 247 banks, 6 savings institutions and 29 credit unions. FDIC call report,
- Lenders based in Minnesota hold $4.5B of construction and land loans, up 4.9% from a year earlier among the 211 of 218 with a comparable earlier filing. FDIC call report,
- The five largest books based here hold 30.1% of that total. FDIC call report,
- Stearns Bank National Association holds $415.8M, and Tradition Capital Bank holds $295.6M. FDIC call report,
- The median book among lenders based in Minnesota is $5.7M. FDIC call report,
- 93 lenders based here grew this book by 10% or more in the year to June 30, 2026. FDIC call report,
- 8 lenders based here hold $100M or more of it. FDIC call report,
- These lenders list 1,819 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 $1.1M. NCUA 5300,
- EntreBank grew this book the most in the year, up 150.5% to $27.3M. FDIC call report,
How this list is defined
- Measure
- construction and land loans held by lenders with an office in Minnesota
- Period
- June 30, 2026
- Formula
- The balance of construction and land 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.
Construction and land development loans finance building and site work, for homes and for commercial projects. Banks report them in one balance.
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 construction and land 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.