Banks in Red Wing, MN
Branches open
7
Banks present
7
Deposits (2025)
$531M
Closings on record
1
0 openings
Banks by deposits in Red Wing (2025)
| Bank | Deposits | Share | Branches |
|---|---|---|---|
| Wells Fargo | $144M | 27.2% | 1 |
| Merchants Bank | $120M | 22.6% | 1 |
| Associated Bank | $116M | 21.9% | 1 |
| First Farmers & Merchants Bank | $94M | 17.8% | 1 |
| Alliance Bank | $32M | 6.1% | 1 |
| The First State Bank of Red Wing | $21M | 4% | 1 |
| Minnesota First Credit and Savings, Incorporated | $2M | 0.3% | 1 |
All branches
- Wells Fargo — 401 Plum St$144M
- Merchants Bank — 2835 S Service Dr$120M
- Associated Bank — 403 W 4th St$116M
- First Farmers & Merchants Bank — 3141 N Service Dr$94M
- Alliance Bank — 840 Technology Dr$32M
- The First State Bank of Red Wing — 3209 S Service Dr$21M
- Minnesota First Credit and Savings, Incorporated — 144 Tyler Rd N$2M
Closings
- Citizens Community Federal — Red Wing, MNbank exits city3151 SOUTH SERVICE DRIVE · closed November 21, 2022
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.