Banks in Rice County, Minnesota
17 active bank branches operated by 10 institutions, per FDIC records.
Active branches
17
Banks present
10
Deposits (2025)
$1.7B
Closings since 2020
2
0 openings
Largest banks by deposits in Rice County (2025)
| Bank | Deposits | Share | Branches |
|---|---|---|---|
| Wells Fargo | $350M | 20.7% | 2 |
| Community Resource Bank | $311M | 18.4% | 2 |
| The State Bank of Faribault | $270M | 16% | 2 |
| Reliance Bank | $257M | 15.2% | 1 |
| Merchants Bank | $217M | 12.9% | 2 |
| Frandsen Bank & Trust | $181M | 10.7% | 2 |
| Premier Bank Minnesota | $42M | 2.5% | 2 |
| Lake Country Community Bank | $30M | 1.8% | 2 |
| Heritage Bank Minnesota | $22M | 1.3% | 1 |
| The First National Bank of Le Center | $9M | 0.5% | 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.