The Most Popular Bank in Minnesota, Ranked

Choose the bank you think is the most popular!

Author: Gregor Krambs
Updated on May 6, 2024 06:29
Choosing the right bank in Minnesota can significantly impact one's financial health and overall convenience. With a diverse array of banking institutions offering varied services, fees, and customer experiences, finding the top choice can be daunting. To aid in this decision, understanding which banks are favored by other locals can provide valuable insights. This site allows individuals to actively participate in forming a live ranking of popular banks based on collective user votes. A dynamic list not only reflects the community's current preferences but also helps new residents or those reconsidering their banking options to make informed choices. Your input is crucial in shaping these rankings and ensuring they represent a comprehensive community perspective.

What Is the Most Popular Bank in Minnesota?

  1. 1
    69
    votes
    Wells Fargo
    Laimerpramer · CC BY-SA 3.0

    Wells Fargo

    Wells Fargo & Company
    With over 200 branches in Minnesota, Wells Fargo is one of the largest banks in the state. They offer a wide range of financial products and services, including checking and savings accounts, loans, mortgages, and credit cards.
    Wells Fargo is a multinational financial services company based in the United States that offers a variety of banking and credit card services. They provide credit cards to individuals and businesses with various features and benefits.
    • Rewards Program: Offers cashback, points, or travel rewards on eligible purchases.
    • Introductory APR: Offers a low or 0% Annual Percentage Rate (APR) for a specified period.
    • Credit Limit: Provides a credit limit based on the applicant's creditworthiness.
    • Security Features: Includes advanced security measures to protect against fraud and unauthorized transactions.
    • Mobile App: Offers a mobile application for convenient account management and transaction monitoring.
    Wells Fargo in other rankings
  2. 2
    39
    votes

    U.S. Bank

    U.S. Bancorp
    U.S. Bank has over 300 branches in Minnesota, making it another popular choice for residents. They offer a variety of banking options, including checking and savings accounts, credit cards, and loans.
    U.S. Bank is a leading financial institution in Iowa, offering a wide range of banking services and products to individuals, businesses, and institutions. With a strong presence and reputation in the state, U.S. Bank has established itself as the most popular bank among Iowans.
    • Established: 1863
    • Headquarters: Minneapolis, Minnesota
    • Branches in Iowa: 100+
    • ATMs in Iowa: 400+
    • Total Assets: $534 billion
    U.S. Bank in other rankings
  3. 3
    22
    votes
    TCF Bank
    Tyler Vigen · CC BY 4.0

    TCF Bank

    Wayne H. Stevens
    TCF Bank is a regional bank with over 150 branches in Minnesota. They offer a variety of personal and business banking options, as well as investment and insurance services.
    TCF Bank is a prominent financial institution based in Minnesota. It offers a wide range of banking services to individuals, small businesses, and corporate clients. With a strong presence and a long-standing history in the region, TCF Bank has become one of the most popular banks in Minnesota.
    • Headquarters: Detroit, Michigan
    • Year Founded: 1923
    • Number of Branches: more than 450
    • Number of ATMs: over 1,000
    • Assets: over $49 billion
  4. 4
    15
    votes
    Bremer Bank
    Heinz-Josef Lücking · CC BY-SA 3.0 de

    Bremer Bank

    Otto Bremer
    Bremer Bank has over 80 branches in Minnesota and is known for its community-focused approach to banking. They offer personal and business banking, as well as investment and insurance services.
    Bremer Bank is a popular bank in Minnesota that offers a wide range of financial services to individuals, businesses, and nonprofits. It was founded by Otto Bremer in 1943 and has since grown to become one of the largest privately-held banks in the United States.
    • Headquarters: Saint Paul, Minnesota
    • Founded: 1943
    • Type: Privately-held
    • Number of Branches: 125+
    • Total Assets: Approximately $13 billion
  5. 5
    11
    votes

    Associated Bank

    Associated Banc-Corp
    Associated Bank has over 40 branches in Minnesota and offers a range of personal and business banking options, including checking and savings accounts, loans, and credit cards.
    Associated Bank is one of the largest banks in Minnesota, known for providing a wide range of financial services. Founded in 1970, it has established itself as a trusted institution for individuals, businesses, and communities. With a network of branches across the state, Associated Bank offers convenient access to banking products and solutions.
    • Headquarters: Green Bay, Wisconsin
    • Year founded: 1970
    • Number of branches: More than 200
    • ATMs: Over 500
    • Total assets: Approximately $34 billion
  6. 6
    14
    votes
    Bank of America
    Kiran891 · CC BY-SA 4.0

    Bank of America

    Amadeo Giannini
    Bank of America has over 50 branches in Minnesota and is known for its comprehensive range of financial products and services, including checking and savings accounts, credit cards, loans, and investment options.
    Bank of America is one of the largest financial institutions in the United States, offering a wide range of banking and financial services, including credit cards. They are known for providing reliable credit card solutions to individuals and businesses.
    • Founded: 1928
    • Headquarters: Charlotte, North Carolina, United States
    • Total Assets: Approximately $2.8 trillion
    • Number of Employees: Approximately 208,000
    • Credit Card Offerings: Wide variety of credit cards for personal and business use
    Bank of America in other rankings
  7. 7
    13
    votes
    Capital One
    Lluck002 · CC BY-SA 4.0

    Capital One

    Richard D. Fairbank
    Capital One has over 20 branches in Minnesota and offers a variety of banking options, including checking and savings accounts, credit cards, and loans.
    Capital One is a reputable credit card company known for its wide range of credit card offerings and exceptional customer service. With a strong emphasis on technology and innovation, Capital One provides various benefits and features to its customers, including cashback rewards, travel rewards, and no foreign transaction fees. The company was founded in 1988 and is headquartered in McLean, Virginia.
    • Cashback Rewards: Up to unlimited cashback on purchases
    • Travel Rewards: Opportunity to earn travel rewards on eligible purchases
    • No Foreign Transaction Fees: No additional fees for using the card abroad
    • Wide Credit Card Selection: Variety of credit card options to suit different customer needs
    • Customer Service: Highly regarded customer service and support
    Capital One in other rankings
  8. 8
    7
    votes
    Commerce Bank
    Charvex · Public domain

    Commerce Bank

    Vernon W. Hill II
    Commerce Bank has over 50 branches in Minnesota and offers a range of personal and business banking options, including checking and savings accounts, loans, and credit cards.
    Commerce Bank, also known as Commerce Bank Minnesota, is one of the most popular banks in Minnesota. It is a full-service bank that offers a wide range of financial services to personal and business customers. The bank is known for its strong customer service and community involvement.
    • Founded in: 1973
    • Headquarters: Eden Prairie, Minnesota
    • Number of branches: 50+
    • Total assets: $10 billion+
    • Services: Personal banking, business banking, loans, mortgages, investments
    Commerce Bank in other rankings
  9. 9
    6
    votes

    First National Bank

    John Smith
    First National Bank has over 20 branches in Minnesota and offers personal and business banking options, as well as investment and insurance services.
    First National Bank is one of the most popular banks in Iowa, offering a wide range of financial services to its customers. With its strong presence in the state, the bank has established a trusted reputation in the community.
    • Founded: 1870
    • Headquarters: Des Moines, Iowa
    • Total Assets: $5 billion
    • Number of Branches: 50
    • Number of Employees: 500
    First National Bank in other rankings
  10. 10
    0
    votes

    Highland Bank

    Jim Collins
    Highland Bank is a community bank with several branches in Minnesota. They offer a variety of personal and business banking options, as well as investment and insurance services.
    Highland Bank is a well-known community bank based in Minnesota that offers a range of financial services to individuals, businesses, and organizations. It has gained popularity for its customer-centric approach and commitment to supporting local communities.
    • Established: Founded in 1943
    • Headquarters: St. Michael, Minnesota
    • Branches: 7 branches throughout Minnesota
    • Services: Personal banking, business banking, mortgages, loans, wealth management
    • Community Involvement: Active participant in local events and charitable initiatives

Missing your favorite bank?

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Discussion

Ranking factors for popular bank

  1. Market share
    Consider the bank's market share in Minnesota, as it indicates the percentage of customers and assets a bank holds compared to its competitors. A higher market share indicates popularity and customer preference.
  2. Branch and ATM network
    Analyze the number and spread of the bank's branches and ATMs across the state. A more extensive network indicates better accessibility to services and increased convenience for customers.
  3. Customer satisfaction and service quality
    Research customer reviews, ratings, and testimonials to understand the levels of satisfaction regarding the bank's service quality, reliability, and customer support.
  4. Products and services offered
    Evaluate the range and suitability of the bank's products and services, including various types of accounts, loans, and investment options. A diverse product offering caters to a wider range of customer needs and may reflect higher popularity.
  5. Interest rates and fees
    Compare the interest rates offered on savings accounts, loans, and other financial products, as well as the fees charged for various services. Competitive rates and lower fees can be attractive to customers, leading to higher popularity.
  6. Digital and mobile banking services
    Assess the bank's online and mobile banking services, including ease of use, reliability, and security. Convenient and user-friendly digital services can influence customers' preferences.
  7. Financial stability
    Review the bank's financial performance and stability to ensure it can continue to provide consistent services and meet customers' needs.
  8. Community involvement and reputation
    Investigate the bank's involvement in the local community and its overall reputation. A bank with strong community ties and a positive reputation may be more popular.
  9. Specialized offerings and services
    Determine if the bank offers specialized services or caters to specific industries or demographics. This can make a bank popular among certain groups of customers.
  10. Awards and recognitions
    Look for any awards or recognitions the bank has received related to its services and performance. These recognitions can serve as indications of a bank's popularity and customer preference.

About this ranking

This is a community-based ranking of the most popular bank in Minnesota. We do our best to provide fair voting, but it is not intended to be exhaustive. So if you notice something or Bank is missing, feel free to help improve the ranking!

Statistics

  • 2225 views
  • 195 votes
  • 10 ranked items

Voting Rules

A participant may cast an up or down vote for each Bank once every 24 hours. The rank of each Bank is then calculated from the weighted sum of all up and down votes.

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More information on most popular bank in minnesota

Minnesota is a state that is home to numerous banks and financial institutions, making it one of the most competitive markets for banking services in the United States. When it comes to choosing the most popular bank in Minnesota, there are several factors that come into play. These may include the bank's customer service reputation, accessibility, fees, interest rates, and overall convenience. With so many options available, it can be challenging to know which bank is the best fit for your financial needs. In this article, we will explore the most popular banks in Minnesota, based on customer feedback and other relevant data.

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