Finance Atlas

Banking & Mortgage-Lending Access in Minnesota

929 FDIC-insured institutions (224 currently active) are recorded in Minnesota in FDIC BankFind. HMDA 2024 data report an overall mortgage application denial rate of 17.5% in Minnesota.

FDIC data as of 2026 · HMDA data year 2024 · Last export: June 20, 2026

929
FDIC institutions (total)
224
Currently active
17.5%
Overall denial rate (HMDA 2024)
112,435
Loans originated (2024)
This page is a reference catalog of provenanced public data. It informs and compares; it does not recommend lenders and gives no financial advice. HMDA denial-rate figures are reported statistics and do not establish why rates differ across applicant groups. To verify a lender's FDIC status, use FDIC BankFind. To file a complaint, visit the CFPB. To find a HUD-approved housing counselor: HUD.gov.

How many FDIC-insured institutions are in Minnesota?

FDIC BankFind records 929 FDIC-insured institutions (all historical) in Minnesota, of which 224 are currently active. Counts include banks, savings banks, and other insured depository institutions across all charter classes.

Metric Count
Total FDIC-insured institutions (historical) 929
Currently active 224

Source: FDIC BankFind (src:fdic:bankfind:2026). Verify: https://banks.data.fdic.gov/

What types of banks are chartered in Minnesota?

FDIC uses charter class codes to categorize insured depository institutions. The breakdown for Minnesota:

Charter class Description Count
NM State non-member bank (Fed non-member) 544
N National bank (OCC-chartered) 266
SM State member bank (Fed member) 48
SL Savings institution (state-chartered S&L) 35
SB Savings bank (state-chartered) 30
NC Non-deposit trust company 5
SI Savings institution (OTS-supervised) 1

Source: FDIC BankFind (src:fdic:bankfind:2026). Charter class labels per FDIC BankFind official definitions.

What was the mortgage application denial rate in Minnesota? (HMDA 2024)

HMDA 2024 data report an overall mortgage application denial rate of 17.5% in Minnesota. The table below shows reported denial rates by applicant race where available in the HMDA dataset.

Methodology note: HMDA captures race where the applicant chose to report it. Denial rates reflect all recorded denial reasons (credit history, DTI, collateral, etc.) and do not establish why rates differ across groups. These figures are descriptive FFIEC statistics, not findings of lending discrimination.
Applicant group (reported) Denial rate
Overall 17.5%
White applicants 15.7%
Black applicants 28.2%
Black/White denial rate ratio 1.80x

Source: FFIEC HMDA (src:ffiec:hmda:2024). Verify: https://ffiec.cfpb.gov/data-browser/data/2024?category=states&items=MN

Mortgage origination volume in Minnesota (2024)

HMDA 2024 data record 112,435 originated mortgage loans in Minnesota , totaling $30.2B , with an average loan size of $268,687.

Metric Value
Originated loans (2024) 112,435
Total origination volume $30.2B
Average loan size $268,687

Source: FFIEC HMDA (src:ffiec:hmda:2024).

Sources & provenance

FDIC data — source id src:fdic:bankfind:2026, as of 2026. Verify via FDIC BankFind: https://banks.data.fdic.gov/

HMDA data — source id src:ffiec:hmda:2024, data year 2024. Verify via FFIEC Data Browser: https://ffiec.cfpb.gov/data-browser/data/2024?category=states&items=MN

Data exported June 20, 2026 · content hash 805a528f9a5e48b0 · machine-readable brief: /finance/states/mn/context.md

Where to act