Banks in Polk County, Minnesota
14 active bank branches operated by 10 institutions, per FDIC records.
Active branches
14
Banks present
10
Deposits (2025)
$989M
Closings since 2020
1
0 openings
Largest banks by deposits in Polk County (2025)
| Bank | Deposits | Share | Branches |
|---|---|---|---|
| Old National Bank | $207M | 20.9% | 1 |
| American Federal Bank | $189M | 19.1% | 3 |
| Ultima Bank Minnesota | $184M | 18.6% | 3 |
| Frandsen Bank & Trust | $147M | 14.9% | 1 |
| United Valley Bank | $101M | 10.2% | 1 |
| American State Bank of Grygla | $41M | 4.1% | 1 |
| Red River State Bank | $39M | 3.9% | 1 |
| The First National Bank of McIntosh | $31M | 3.2% | 1 |
| The First National Bank of Bagley | $26M | 2.6% | 1 |
| Unity Bank | $25M | 2.5% | 1 |
Deposit location reflects the office to which deposits are reported and may not represent the residence of depositors.
Cities and towns
Transcribed from FDIC BankFind Suite active-location records and the annual Summary of Deposits. County assignment follows the FDIC branch record.