Bank Branches › Michigan › Alger County
Banks in Alger County, Michigan
Alger County has 5 bank offices, 4 fewer than its peak of 9 in 1994 (−44%). They belong to 1 bank, led by Peoples State Bank of Munising with 5.
5
offices, 2026
9
peak (1994)
6
no longer reported
$142M
deposits booked
Map
open (5)no longer reported (3 of 6 have map coordinates)
The county's passbook
Bank offices reporting on June 30Deposits booked at them (nominal dollars, own scale)
| Date | offices | Change | Deposits |
|---|---|---|---|
| Jun 30 1994PEAK | 9 | $75.0M | |
| Jun 30 1995 | 8 | −1 | $76.1M |
| Jun 30 2000 | 8 | · | $98.5M |
| Jun 30 2005 | 8 | · | $108M |
| Jun 30 2010 | 7 | · | $113M |
| Jun 30 2015 | 6 | · | $113M |
| Jun 30 2020 | 5 | · | $138M |
| Jun 30 2025 | 5 | · | $150M |
| Jun 30 2026NOW | 5 | · | $142M |
Open the full passbook — all 33 years ▾
| Date | offices | Change | Deposits |
|---|---|---|---|
| Jun 30 1994PEAK | 9 | $75.0M | |
| Jun 30 1995 | 8 | −1 | $76.1M |
| Jun 30 1996 | 7 | −1 | $80.4M |
| Jun 30 1997 | 8 | +1 | $88.5M |
| Jun 30 1998 | 8 | · | $92.0M |
| Jun 30 1999 | 8 | · | $94.0M |
| Jun 30 2000 | 8 | · | $98.5M |
| Jun 30 2001 | 8 | · | $103M |
| Jun 30 2002 | 8 | · | $99.3M |
| Jun 30 2003 | 8 | · | $103M |
| Jun 30 2004 | 8 | · | $103M |
| Jun 30 2005 | 8 | · | $108M |
| Jun 30 2006 | 7 | −1 | $110M |
| Jun 30 2007 | 7 | · | $113M |
| Jun 30 2008 | 7 | · | $113M |
| Jun 30 2009 | 7 | · | $112M |
| Jun 30 2010 | 7 | · | $113M |
| Jun 30 2011 | 6 | −1 | $104M |
| Jun 30 2012 | 6 | · | $107M |
| Jun 30 2013 | 6 | · | $106M |
| Jun 30 2014 | 6 | · | $108M |
| Jun 30 2015 | 6 | · | $113M |
| Jun 30 2016 | 6 | · | $118M |
| Jun 30 2017 | 6 | · | $120M |
| Jun 30 2018 | 6 | · | $127M |
| Jun 30 2019 | 5 | −1 | $122M |
| Jun 30 2020 | 5 | · | $138M |
| Jun 30 2021 | 5 | · | $163M |
| Jun 30 2022 | 5 | · | $175M |
| Jun 30 2023 | 5 | · | $169M |
| Jun 30 2024 | 5 | · | $152M |
| Jun 30 2025 | 5 | · | $150M |
| Jun 30 2026NOW | 5 | · | $142M |
Banks in Alger County
| Bank | Offices | Deposits here |
|---|---|---|
| Peoples State Bank of Munising | 5 | $142M |
Every bank office open in Alger County
| Bank | Address | Deposits |
|---|---|---|
| Peoples State Bank of MunisingPeoples State Bank Of Munising | 100 E Superior StMunising 49862 | $107M |
| Peoples State Bank of MunisingGrand Marais Branch | N14264 Lake AveGrand Marais 49839 | $12.6M |
| Peoples State Bank of MunisingChatham Branch | North 5274 Rock StreetChatham 49816 | $7.7M |
| Peoples State Bank of MunisingWetmore Branch | E9714 State Highway M28Wetmore 49895 | $7.7M |
| Peoples State Bank of MunisingAu Train Branch | 7591 Arbutus StreetAu Train 49806 | $7.3M |
Sorted by deposits booked on June 30, 2026. "Opened" is the establishment date in the FDIC record.
Offices no longer reported
Offices in Alger County that filed a report in some year from 1994 on and are missing from 2026. Most closed; some were sold to non-banks or converted. Newest departures first.
| Last bank on the sign | Address | Last report |
|---|---|---|
| The Huntington National Bank | 101 West Munising AvenueMunising 49862 | 2018 |
| Wells Fargo Bank, National Association | 419 East State Highway M28Munising 49862 | 2010 |
| Peoples State Bank of Munising | 301 East Superior StreetMunising 49862 | 2005 |
| Wells Fargo Bank Michigan, National Association | 206 Rock River StreetChatham 49816 | 2001 |
| First Northern Bank & Trust | 411 East M-28 BranchMunising 49862 | 1995 |
| MFC First National Bank | 101 East Marquette StreetTrenary 49891 | 1994 |
County FIPS 26003 · 915 square miles of land (2024 Census Gazetteer).