Banks in New Ulm, MN
Branches open
5
Banks present
5
Deposits (2025)
$693M
Closings on record
2
0 openings
Banks by deposits in New Ulm (2025)
| Bank | Deposits | Share | Branches |
|---|---|---|---|
| Citizens Bank Minnesota | $278M | 40.1% | 1 |
| Alliance Bank | $145M | 21% | 1 |
| Frandsen Bank & Trust | $102M | 14.7% | 1 |
| Bank Midwest | $100M | 14.4% | 1 |
| United Prairie Bank | $68M | 9.8% | 1 |
All branches
- Citizens Bank Minnesota — 105 N Minnesota St$278M
- Alliance Bank — 322 N Minnesota St$145M
- Frandsen Bank & Trust — 100 N Minnesota St$102M
- Bank Midwest — 525 Center St$100M
- United Prairie Bank — 200 N Broadway St$68M
Closings
- Wells Fargo — New Ulm, MNbank exits city226 NORTH MINNESOTA STREET · closed July 14, 2021
- 1823 SOUTH BROADWAY · closed May 28, 2021
Transcribed from FDIC BankFind Suite active-location records, the annual Summary of Deposits and structure-change records. Deposit figures reflect the office to which deposits are reported and may not represent where depositors live.