Banks in Iowa

9 FDIC-insured banks headquartered in Iowa, ranked by total assets.

Iowa is home to 9 FDIC-insured banks holding a combined $42.90B in total assets and approximately $36.18B in deposits (Source: FDIC BankFind). These figures represent banks headquartered in Iowa and may not include all branches of out-of-state banks operating in the state.

Principal Bank is the largest bank headquartered in Iowa with $9.33B in total assets, suggesting a relatively distributed banking market (Source: FDIC BankFind). The mix of national banks, regional institutions, and community banks in Iowa provides consumers with a range of options based on their banking preferences.

Total Banks

Combined Assets

$42.90B

Avg ROA

1.33%

Largest banks in Iowa

Principal Bank

Principal Bank is the largest bank headquartered in Iowa with $9.33B in total assets and 1 branches (Source: FDIC BankFind).

Bankers Trust Company

Bankers Trust Company is a major bank headquartered in Iowa with $7.49B in total assets and 22 branches (Source: FDIC BankFind).

MidWestOne Bank

MidWestOne Bank is a major bank headquartered in Iowa with $6.25B in total assets and 60 branches (Source: FDIC BankFind).

Hills Bank and Trust Company

Hills Bank and Trust Company is a major bank headquartered in Iowa with $4.65B in total assets and 21 branches (Source: FDIC BankFind).

West Bank

West Bank is a major bank headquartered in Iowa with $4.14B in total assets and 12 branches (Source: FDIC BankFind).

Banks headquartered in Iowa

#	Bank	Total Assets	Deposits	ROA	Branches
1	Principal BankDes Moines	$9.33B	$8.79B	1.24%	1
2	Bankers Trust CompanyDes Moines	$7.49B	$6.06B	1.10%	22
3	MidWestOne BankIowa City	$6.25B	$5.48B	1.12%	60
4	Hills Bank and Trust CompanyHills	$4.65B	$3.37B	1.36%	21
5	West BankWest Des Moines	$4.14B	$3.47B	0.94%	12
6	Northwest BankSpencer	$2.95B	$2.59B	1.03%	23
7	Cedar Rapids Bank and Trust CompanyCedar Rapids	$2.87B	$1.98B	2.83%	9
8	Quad City Bank and Trust CompanyBettendorf	$2.69B	$2.30B	1.30%	5
9	Fidelity Bank & TrustDubuque	$2.52B	$2.13B	1.06%	36

Source: FDIC BankFind, most recent quarterly data. Only includes banks headquartered in Iowa. Data last updated: April 2, 2026.

Credit unions in Iowa

3 credit unions headquartered in Iowa, ranked by total assets. Credit unions are member-owned cooperatives insured by the NCUA.

#	Credit Union	Total Assets	Members	ROA	Branches
1	GREENSTATENorth Liberty	$11.16B	402,073	0.02%	N/A
2	VERIDIANWaterloo	$8.61B	367,737	1.42%	N/A
3	DUPACO COMMUNITYDubuque	$3.59B	179,112	1.11%	N/A

Source: NCUA Quarterly Call Report Data. Only includes credit unions headquartered in Iowa.

How to choose a bank in Iowa

When choosing a bank in Iowa, consider what matters most for your financial needs. Iowa has 9 FDIC-insured banks headquartered in the state, plus additional out-of-state banks with local branches. Each institution offers different strengths in terms of branch access, product variety, and community focus.

Consider whether branch access matters to you. If you prefer in-person banking, look for institutions with branches near your home or workplace. If you primarily use mobile and online banking, you may want to prioritize digital features and compare interest rates, as online-focused banks often offer higher savings APYs.

All banks listed on this page are FDIC-insured, meaning deposits are protected up to $250,000 per depositor, per insured bank, for each account ownership category (Source: FDIC). Beyond FDIC insurance, compare factors such as monthly maintenance fees, ATM networks, minimum balance requirements, and customer service availability. The CFPB recommends comparing at least three institutions before opening a new account.

Compare banks side by side Savings calculators Our methodology

Data Sources

FDIC BankFind: Financial data including total assets, deposits, net income, ROA, and ROE for all FDIC-insured institutions. https://banks.data.fdic.gov/

CFPB Consumer Complaint Database: Consumer complaint data by institution, including complaint volumes, response rates, and top issue categories. https://www.consumerfinance.gov/data-research/consumer-complaints/

Federal Reserve Economic Data (FRED): Interest rate benchmarks including the Federal Funds Rate, Treasury yields, and national savings rate averages. https://fred.stlouisfed.org/

BankRanked is not a bank, credit union, or financial advisor. This content is for educational purposes only and does not constitute financial advice. All data is sourced from publicly available government databases (FDIC, NCUA, CFPB, FRED). Consult a licensed financial professional before making banking decisions.