FDIC-insured banks and savings institutions in Minnesota

FDIC-insured banks and savings institutions in Minnesota was 228 in 2025, according to FDIC. That is down 3.8% from 2024. That is the 4th highest of 51 states in 2025.

2025, count228

Change on 2024-3.8%

Rank4th of 51US states ranked

Series high7781984

Series low2282025

Next release: Thursday, 16 September 2027, estimated by Invokely from past publication dates (low confidence), not announced by the publisher. Release calendar

FDIC-insured banks and savings institutions in Minnesota, 1984 to 2025

count. Source: Invokely calculation with data from FDIC. Retrieved 2026-10-18, published 2026-09-16.

All 42 values

Period	count
2025	228
2024	237
2023	252
2022	256
2021	263
2020	276
2019	281
2018	292
2017	306
2016	311
2015	326
2014	338
2013	360
2012	379
2011	390
2010	405
2009	415
2008	431
2007	443
2006	448
2005	466
2004	478
2003	486
2002	487
2001	504
2000	513
1999	519
1998	536
1997	542
1996	542
1995	547
1994	585
1993	597
1992	617
1991	634
1990	653
1989	667
1988	685
1987	741
1986	770
1985	772
1984	778

Compared with United States

Place	2025
Minnesota	228
United States	4,319

Minnesota compared with nearby places

Under 15
15 to 35
35 to 58
58 to 99
99 to 150
150 and over

FDIC-insured banks and savings institutions, 2025, count. Minnesota is outlined. Same source and period for every area shown. Source: Federal Deposit Insurance Corporation. Boundaries: U.S. Census Bureau cartographic boundary files.

Rankings

US states by FDIC-insured banks and savings institutions 51 places

Definition

Number of FDIC-insured commercial banks and savings institutions at year end, counted in the state where each institution has its headquarters.

FDIC historical summary of insured institutions, year end, for the 50 states and DC; the national value covers the same area and excludes US territories. Each value adds commercial banks and savings institutions, which the FDIC reports separately; both figures are stored with it. Credit unions are not FDIC-insured and are not included. An institution with branches in several states counts once, in its headquarters state, so the number of banks operating in a state can be higher. The series starts in 1984, when savings institutions enter the FDIC summary.

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How to cite

Federal Deposit Insurance Corporation, BankFind Suite. Historical summary of FDIC-insured institutions, number of institutions, commercial banks plus savings institutions, by state. https://banks.data.fdic.gov/bankfind-suite/historical. Retrieved 2026-10-18.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

Federal Deposit Insurance Corporation. (2026). Historical summary of FDIC-insured institutions, number of institutions, commercial banks plus savings institutions, by state (FDIC-insured banks and savings institutions, Minnesota, 1984 to 2025) [Data set]. Retrieved October 18, 2026, from https://banks.data.fdic.gov/bankfind-suite/historical

MLA 9

Historical summary of FDIC-insured institutions, number of institutions, commercial banks plus savings institutions, by state, FDIC-insured banks and savings institutions, Minnesota, 1984 to 2025. Federal Deposit Insurance Corporation, 16 Sept. 2026, https://banks.data.fdic.gov/bankfind-suite/historical. Invokely, https://invokely.ai/en/fdic-insured-banks/minnesota. Accessed 18 Oct. 2026.

Chicago (author-date)

Federal Deposit Insurance Corporation. 2026. Historical summary of FDIC-insured institutions, number of institutions, commercial banks plus savings institutions, by state. FDIC-insured banks and savings institutions, Minnesota, 1984 to 2025. Dataset. Accessed October 18, 2026. https://banks.data.fdic.gov/bankfind-suite/historical. Also distributed by Invokely, https://invokely.ai/en/fdic-insured-banks/minnesota.

Harvard

Federal Deposit Insurance Corporation (2026) Historical summary of FDIC-insured institutions, number of institutions, commercial banks plus savings institutions, by state, FDIC-insured banks and savings institutions, Minnesota, 1984 to 2025 [Dataset]. Available at: https://banks.data.fdic.gov/bankfind-suite/historical, via Invokely: https://invokely.ai/en/fdic-insured-banks/minnesota (Accessed: 18 October 2026).

BibTeX

@misc{federal_fdic_insured_banks_and_2025,
  author = {{Federal Deposit Insurance Corporation}},
  title = {{Historical summary of FDIC-insured institutions, number of institutions, commercial banks plus savings institutions, by state: FDIC-insured banks and savings institutions, Minnesota, 1984 to 2025}},
  year = {2026},
  howpublished = {Data set},
  url = {https://banks.data.fdic.gov/bankfind-suite/historical},
  urldate = {2026-10-18},
  note = {Accessed via Invokely, https://invokely.ai/en/fdic-insured-banks/minnesota. Publisher attribution: Federal Deposit Insurance Corporation, BankFind Suite. Historical summary of FDIC-insured institutions, number of institutions, commercial banks plus savings institutions, by state. https://banks.data.fdic.gov/bankfind-suite/historical. Retrieved 2026-10-18.},
}

RIS

TY  - DATA
AU  - Federal Deposit Insurance Corporation
TI  - Historical summary of FDIC-insured institutions, number of institutions, commercial banks plus savings institutions, by state: FDIC-insured banks and savings institutions, Minnesota, 1984 to 2025
PY  - 2026
DA  - 2026/09/16
PB  - Federal Deposit Insurance Corporation
DB  - Invokely
UR  - https://banks.data.fdic.gov/bankfind-suite/historical
L2  - https://invokely.ai/en/fdic-insured-banks/minnesota
Y2  - 2026/10/18
N1  - Accessed via Invokely, https://invokely.ai/en/fdic-insured-banks/minnesota.
N1  - Publisher attribution: Federal Deposit Insurance Corporation, BankFind Suite. Historical summary of FDIC-insured institutions, number of institutions, commercial banks plus savings institutions, by state. https://banks.data.fdic.gov/bankfind-suite/historical. Retrieved 2026-10-18.
ER  -

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Questions

What is the FDIC-insured banks and savings institutions in Minnesota?

FDIC-insured banks and savings institutions in Minnesota was 228 in 2025, according to FDIC. That is down 3.8% from 2024. That is the 4th highest of 51 states in 2025.

Where does this figure come from?

Federal Deposit Insurance Corporation. Historical summary of FDIC-insured institutions, number of institutions, commercial banks plus savings institutions, by state. Retrieved by Invokely on 2026-10-18.

What was the highest FDIC-insured banks and savings institutions in Minnesota?

778 in 1984, the highest value since 1984 in this series.

FDIC-insured banks and savings institutions elsewhere in United States

Related statistics for Minnesota

All statistics for Minnesota | Minnesota in figures