Financial and Insurance Services
Banking and Credit
Minnesota is one of the nation’s leading financial centers, offering banking, insurance, securities and investment services from some of the most stable and trusted institutions in the country.
Minnesota had 367 commercial banks in late 2011, ranking third nationwide, according to the Federal Deposit Insurance Corporation, These banks had combined assets of $56.5 billion. Overall, Minneapolis-St. Paul had the fourth highest concentration of banks in 2011.
Top companies headquartered here provide a variety of banking, credit union and related services.
Banking
U.S. Bancorp, Twin Cities Federal (TCF), Bremer Financial Corp., Minnwest Corporation, KleinBank, Think Mutual Bank.
Headquartered elsewhere, Wells Fargo is the eighth-largest employer in Minnesota with 20,000 employees.
SBA Lending
U.S. Bank SBA Division, Wells Fargo SBA Lending, Bremer Financial Services, Minnesota Business Finance Corp. and Anchor Bank.
The state ranks 11th nationwide in SBA approved loans in 2011 with $712 million.
Credit Unions
Wings Financial Credit Union, Affinity Plus Credit Union, U.S. Federal Credit Union, Highway Federal Credit Union, TruStone Financial. .
Credit Services
Fair Isaac, Green Tree Servicing, Residential Capital Corp., Educational Credit Management Corp.