Banks in Goodhue County, Minnesota
19 active bank branches operated by 12 institutions, per FDIC records.
Active branches
19
Banks present
12
Deposits (2025)
$1.4B
Closings since 2020
2
0 openings
Largest banks by deposits in Goodhue County (2025)
| Bank | Deposits | Share | Branches |
|---|---|---|---|
| First Farmers & Merchants Bank | $345M | 24.4% | 6 |
| Merchants Bank | $280M | 19.8% | 2 |
| Frandsen Bank & Trust | $249M | 17.5% | 2 |
| Wells Fargo | $144M | 10.2% | 1 |
| Associated Bank | $116M | 8.2% | 1 |
| Security State Bank of Wanamingo | $88M | 6.2% | 1 |
| Security State Bank of Kenyon | $58M | 4.1% | 1 |
| Community Resource Bank | $54M | 3.8% | 1 |
| Alliance Bank | $32M | 2.3% | 1 |
| Heritage Bank Minnesota | $27M | 1.9% | 1 |
Deposit location reflects the office to which deposits are reported and may not represent the residence of depositors.
Cities and towns
Transcribed from FDIC BankFind Suite active-location records and the annual Summary of Deposits. County assignment follows the FDIC branch record.