Banks in Ely, MN
Branches open
3
Banks present
3
Deposits (2026)
$149M
Closings on record
0
0 openings
Banks by deposits in Ely (2026)
| Bank | Deposits | Share | Branches |
|---|---|---|---|
| Wells Fargo | $57M | 38.2% | 1 |
| Frandsen Bank & Trust | $47M | 31.8% | 1 |
| Highland Bank | $45M | 30% | 1 |
All branches
- Wells Fargo — 104 E Chapman St$57M
- Frandsen Bank & Trust — 102 E Sheridan St$47M
- Highland Bank — 601 E Sheridan St$45M
Transcribed from FDIC BankFind Suite active-location records, the annual Summary of Deposits and structure-change records. Deposit figures reflect the office to which deposits are reported and may not represent where depositors live.