---
title: Farm and Ag Lenders in Minnesota: 259 Hold These Loans
url: https://lender.report/farm-lenders/minnesota/
license: https://lender.report/license/
---

Farm and Ag · MN

# Farm and Ag lenders in Minnesota

259 lenders with an office in Minnesota hold farmland loans on their books. Minnwest Bank, based in Minnesota, holds the largest book among those based here, at $296M.

**Evidence**
Lender holds farmland 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**
259

FDIC call report, Jun 30, 2026

**Based here**
202

FDIC call report, Jun 30, 2026

**Held by those based here**
$4.57B

FDIC call report, Jun 30, 2026

+1.6% from a year earlier, 196 of 202 lenders

**Median book, based here**
$9.03M

FDIC call report, Jun 30, 2026

Cite this

Source: The Lender Report, Farm and Ag lenders in Minnesota, https://lender.report/farm-lenders/minnesota/, data as of June 30, 2026.

## Describe a deal in Minnesota

See which of these lenders made loans like yours, at your size and in your place. No account and no form.

[Show farm loans in Minnesota](https://lender.report/comps/?lane=farmland&state=MN)[On this list? Find your page](https://lender.report/for-lenders/?from=market)

| Lender | Kind | Based in | Offices here | Holds | Growth, 12 months |
| --- | --- | --- | --- | --- | --- |
| [Minnwest Bank](https://lender.report/lender/minnwest-bank-mn/) | Bank | Redwood Falls, MN | 30 | $296M | +1.0% |
| [Frandsen Bank & Trust](https://lender.report/lender/frandsen-bank-and-trust-mn/) | Bank | Lonsdale, MN | 34 | $214M | +8.0% |
| [United Prairie Bank](https://lender.report/lender/united-prairie-bank-mn/) | Bank | Mountain Lake, MN | 10 | $198M | +1.2% |
| [Magnifi Financial Credit Union](https://lender.report/lender/magnifi-financial-credit-union-mn/) | Credit union | Melrose, MN | 27 | $158M | +0.8% |
| [Citizens Alliance Bank](https://lender.report/lender/citizens-alliance-bank-mn/) | Bank | Clara City, MN | 12 | $149M |  |
| [FM Bank](https://lender.report/lender/fm-bank-mn/) | Bank | Waseca, MN | 6 | $129M | +8.9% |
| [Citizens Bank Minnesota](https://lender.report/lender/citizens-bank-minnesota-mn/) | Bank | New Ulm, MN | 6 | $126M | +5.0% |
| [First Independent Bank](https://lender.report/lender/first-independent-bank-mn/) | Bank | Russell, MN | 12 | $120M |  |
| [Pioneer Bank](https://lender.report/lender/pioneer-bank-mn/) | Bank | Mapleton, MN | 6 | $100M |  |
| [Merchants Bank, National Association](https://lender.report/lender/merchants-bank-mn/) | Bank | Winona, MN | 20 | $95.3M |  |
| [Profinium, Inc.](https://lender.report/lender/profinium-mn/) | Bank | Truman, MN | 4 | $91.4M |  |
| [Ultima Bank Minnesota](https://lender.report/lender/ultima-bank-minnesota-mn/) | Bank | Winger, MN | 6 | $86.4M | +2.8% |
| [First Bank Blue Earth](https://lender.report/lender/first-bank-blue-earth-mn/) | Bank | Blue Earth, MN | 1 | $83.4M | +9.8% |
| [United Farmers State Bank](https://lender.report/lender/united-farmers-state-bank-mn/) | Bank | Adams, MN | 3 | $75.7M | +2.3% |
| [Pine Country Bank](https://lender.report/lender/pine-country-bank-mn/) | Bank | Little Falls, MN | 4 | $71.6M | +6.4% |
| [Farmers and Merchants State Bank of Pierz](https://lender.report/lender/farmers-and-merchants-state-bank-of-pierz-mn/) | Bank | Pierz, MN | 3 | $68.7M | +13.6% |
| [Security Bank & Trust Company](https://lender.report/lender/security-bank-and-trust-mn/) | Bank | Glencoe, MN | 26 | $68.1M | +2.3% |
| [Kensington Bank](https://lender.report/lender/kensington-bank-mn/) | Bank | Kensington, MN | 7 | $66.9M | +16.4% |
| [First Farmers & Merchants Bank](https://lender.report/lender/first-farmers-and-merchants-bank-mn/) | Bank | Cannon Falls, MN | 7 | $64.1M | +2.7% |
| [Star Bank](https://lender.report/lender/star-bank-mn/) | Bank | Maple Lake, MN | 11 | $59.4M | +5.1% |

FDIC call report, Jun 30, 2026

[See all 259 farm and ag lenders in Minnesota in Loan Comps](https://lender.report/comps/?lane=farmland&state=MN)

| Lender | Kind | Based in | Offices here | Holds, nationwide |
| --- | --- | --- | --- | --- |
| [Bank of America, National Association](https://lender.report/lender/bank-of-america-nc/) | Bank | Charlotte, NC | 23 | $1.80B |
| [Nicolet National Bank](https://lender.report/lender/nicolet-national-bank-wi/) | Bank | Green Bay, WI | 14 | $1.19B |
| [Old National Bank](https://lender.report/lender/old-national-bank-in/) | Bank | Evansville, IN | 77 | $907M |
| [UMB Bank, National Association](https://lender.report/lender/umb-bank-mo/) | Bank | Kansas City, MO | 2 | $881M |
| [Wells Fargo Bank, National Association](https://lender.report/lender/wells-fargo-bank-sd/) | Bank | Sioux Falls, SD | 119 | $838M |
| [Dacotah Bank](https://lender.report/lender/dacotah-bank-sd/) | Bank | Aberdeen, SD | 2 | $657M |
| [U.S. Bank National Association](https://lender.report/lender/u-s-bank-oh/) | Bank | Cincinnati, OH | 105 | $629M |
| [The Huntington National Bank](https://lender.report/lender/huntington-national-bank-oh/) | Bank | Columbus, OH | 61 | $514M |
| [BMO Bank National Association](https://lender.report/lender/bmo-bank-il/) | Bank | Chicago, IL | 35 | $483M |
| [Fidelity Bank & Trust](https://lender.report/lender/fidelity-bank-and-trust-ia/) | Bank | Dubuque, IA | 1 | $467M |

FDIC call report, Jun 30, 2026

- 202 of these lenders are based in Minnesota, and 57 are based elsewhere with offices here. FDIC call report, Jun 30, 2026
- These lenders: 235 banks, 4 savings institutions and 20 credit unions. FDIC call report, Jun 30, 2026
- Lenders based in Minnesota hold $4.6B of farmland loans, up 1.6% from a year earlier among the 196 of 202 with a comparable earlier filing. FDIC call report, Jun 30, 2026
- The five largest books based here hold 22.2% of that total. FDIC call report, Jun 30, 2026
- Minnwest Bank holds $296M, and Frandsen Bank & Trust holds $213.9M. FDIC call report, Jun 30, 2026
- The median book among lenders based in Minnesota is $9M. FDIC call report, Jun 30, 2026
- 46 lenders based here grew this book by 10% or more in the year to June 30, 2026. FDIC call report, Jun 30, 2026
- 9 lenders based here hold $100M or more of it. FDIC call report, Jun 30, 2026
- These lenders list 1,628 offices in Minnesota. FDIC office list, Oct 28, 2026
- Wells Fargo Bank, National Association, based in South Dakota, lists the most offices here among out-of-state lenders, at 119. FDIC office list, Oct 28, 2026
- Among credit unions here, the median average loan in this category is $280K. NCUA 5300, Jun 30, 2026
- Minnstar Bank National Association grew this book the most in the year, up 52.1% to $9.3M. FDIC call report, Jun 30, 2026

## How this list is defined

**Measure**
farmland loans held by lenders with an office in Minnesota

**Period**
June 30, 2026

**Formula**
The balance of farmland 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](https://api.fdic.gov/banks/financials)

**Changelog**
November 12, 2026: First published, with the data built on this date.

Farmland loans are secured by agricultural land. Call reports show them separately from operating loans to farms.

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 farmland 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](https://lender.report/report/)

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.