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Banking & vendor atlas

Institutions publicly named for cannabis-related business banking, with certainty tags. Not a payment product and not an endorsement. Verify independently before onboarding.

Last verified: 2026-10-08, datePublished: 2026-09-22

Sources

Organization: MN Commerce Cannabis Banking Guidance + named public sources (see atlas seed)

As of: Gather 2026-09-22 CT; re-verified 2026-10-08 CT

Revision / notes: Not an endorsement. Aggregator directories are leads only.

URL: Commerce guidance PDF

Named institutions

From the Hub's banking atlas research.

InstitutionCategoryCertaintyNotes
St. Cloud Financial Credit Union

St. Cloud

credit_unionprimaryCannabis Checking + Cannabis Money Market on own site Source
First Alliance Credit Unioncredit_unionsecondary_unverifiedStar Tribune secondary — unverified product roster Source
Bridgewater Bank City source

St. Louis Park

bankprimaryCannabis Business Checking, money market, cash logistics and treasury services on own site; serves MN hemp and adult-use businesses Source
Magnifi Financialcredit_unionthird_party_unverifiedSolvent.io third-party; Magnifi homepage HTTP 406 to curl — unverified Source
United Prairie Bank

Mankato

bankprimaryCannabis Business Checking, lending, cash management on own site; serves businesses licensed or seeking licensing in MN Source
MidCountry Bank

Bloomington

bankprimaryCannabis Checking, lending, cash logistics (Empyreal) on own site; cannabis page names no state, but all branches are in MN (HQ Bloomington) Source
Herring Bank

Amarillo, TX

Out-of-state (Texas) bank with a Minnesota cannabis banking page

bankprimaryOut-of-state (Texas) bank with a Minnesota cannabis banking page. No Minnesota branch listed (TX/OK/CO branches). Corporate mailing office in Amarillo, TX. Its page says Herring can recommend compliant armored couriers. Page change date 2025-06-02 Source

Sources: Minnesota Department of Commerce · St. Cloud Financial Credit Union · Star Tribune (secondary) · Bridgewater Bank · Solvent.io (third-party) · United Prairie Bank · MidCountry Bank · Herring Bank, MN Commerce Cannabis Banking Guidance PDF, as of 2024-01-05 (Hub capture 2026-09-22); 2026-09-22 (Hub capture 2026-10-08); 2025 (Hub capture 2026-09-22); 2026-10-08 (Hub capture 2026-10-08); n/a (Hub capture 2026-09-22); 2025-06-02 (Hub capture 2026-10-08). Some of these sources are press reports or leads we have not confirmed. They are shown for context only and excluded from reported metrics. · Includes non-metric lead(s), secondary_press/unverified excluded from KPIs

Vendor gaps

The MPCA cannabis businesses page covers rules and permits but has no named waste-vendor roster. No state-published insurer list has been found yet.

A listing here is not an endorsement, and product availability changes.

Related Research Desk pages

Use this research

Key finding: Five institutions in our atlas advertise cannabis business banking on their own websites as of October 8, 2026: St. Cloud Financial Credit Union, Bridgewater Bank, United Prairie Bank, MidCountry Bank, and Texas-based Herring Bank, which publishes a Minnesota cannabis banking page. Other names come from press or directory reports we have not verified.

Free to quote, chart and republish under CC BY 4.0. Please credit MN Cannabis Hub and link to this page. Reporters and researchers can find the full format on How to cite.

MN Cannabis Hub. "Cannabis Banking in Minnesota: Which Banks and Credit Unions Serve It." Last verified October 8, 2026. https://mncannabishub.com/research/banking-atlas

Research Desk sourcing rules

Hub publishes only sourced figures. OCM licenses are not open storefronts. Missing months stay labeled missing. Medical tables are aggregates only, never patient-level. See How to cite for the permanent citation format.