Banks in Steele County, Minnesota
13 active bank branches operated by 12 institutions, per FDIC records.
Active branches
13
Banks present
12
Deposits (2026)
$958M
Closings since 2020
4
0 openings
Largest banks by deposits in Steele County (2026)
| Bank | Deposits | Share | Branches |
|---|---|---|---|
| Wells Fargo | $228M | 23.8% | 1 |
| United Prairie Bank | $138M | 14.5% | 1 |
| U.S. Bank | $118M | 12.3% | 1 |
| Profinium, Inc. | $96M | 10.1% | 1 |
| Community Bank Owatonna | $95M | 9.9% | 1 |
| Manufacturers Bank & Trust Company | $74M | 7.8% | 1 |
| Old National Bank | $56M | 5.8% | 1 |
| Keen Bank | $50M | 5.2% | 2 |
| West Bank | $34M | 3.6% | 1 |
| The First State Bank of Red Wing | $33M | 3.4% | 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.