US Bank Directory
Banks in Spencer, IA
5 FDIC-insured banks operate 6 offices in Spencer, Iowa, and 2 credit unions have 2 offices.
Source: FDIC BankFind, data as of September 5, 2026; NCUA call report as of March 31, 2026; hours checked October 10, 2026.
Bank branch map: Spencer
Banks sit at the coordinates in their FDIC record; credit union offices at their NCUA address, located with the U.S. Census Bureau Geocoder. Point at a marker for today's hours, tap it for the address, directions and the bank's site.
Short answer: 7 banks and credit unions operate 8 locations in Spencer, according to the FDIC and the NCUA. 8 of them have coordinates on record and are on the map. 3 publish opening hours.
Branches: FDIC, NCUA. Streets: loading.
8 locations on the map
Tap a cluster to zoom in
Positions are the regulators' own coordinates, or the Census Geocoder's point for the address, and can sit a few hundred feet from the door. Streets, buildings and parks come from OpenStreetMap through OpenFreeMap, with every street named as you zoom in; if that map cannot load, a simpler map drawn from the Census Bureau's TIGER/Line files takes its place. ATMs will follow with the Overture Maps import.
All banks and credit unions in Spencer
Sorted by number of local branches. Each branch shows where its hours and phone number come from.
Short answer: Northwest Bank has the most locations in Spencer, with 2. The other 4 each have a single office in the city. Open any bank to see each address, today's hours where the bank publishes them and the phone number.
Northwest Bank Bank · 2
Northwest Bank has 2 branches in Spencer, 20 across Iowa and 22 nationwide. FDIC records list its main office in Spencer, IA and show it operating since 1988. With $3.00 billion in total assets on June 30, 2026, it ranks No. 427 of 4,232 U.S. banks by total assets. The Spencer Branch at 705 Grand Ave dates to 1927 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.
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Main Office main office705 Grand Ave, 51301
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Spencer Branch705 Grand Ave, 51301
Community State Bank Bank · 1
Community State Bank has 1 branch in Spencer, 7 across Iowa and 7 nationwide. FDIC records list its main office in Spencer, IA and show it operating since 1914. With $345.8 million in total assets on June 30, 2026, it ranks No. 2,279 of 4,232 U.S. banks by total assets. Its main office at 1812 Highway Blvd dates to 1914 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.
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Main Office main office1812 Highway Blvd, 51301
Farmers Trust and Savings Bank Bank · 1
Farmers Trust and Savings Bank has 1 branch in Spencer, 1 across Iowa and 1 nationwide. FDIC records list its main office in Spencer, IA and show it operating since 1916. With $618.0 million in total assets on June 30, 2026, it ranks No. 1,534 of 4,232 U.S. banks by total assets. Its main office at 125 W 4th St dates to 1916 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.
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Main Office main office125 W 4th St, 51301
First Credit Union Credit union · 1
First Credit Union has 1 office in Spencer, 7 across Iowa. It is based in Hiawatha, IA and $177.4 million in assets on March 31, 2026, according to its NCUA call report. It opens on Saturday.
Who can join: see the credit union's site.
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Spencer1100 13Th St Sw, 51301
All hours
Mon to Fri 8:30 am to 5:30 pm; Sat 9 am to 12 pm; Sun not published
Hours: NCUA, March 31, 2026
State Bank Bank · 1
State Bank has 1 branch in Spencer, 3 across Iowa and 3 nationwide. FDIC records list its main office in Spencer, IA and show it operating since 1944. With $74.9 million in total assets on June 30, 2026, it ranks No. 3,892 of 4,232 U.S. banks by total assets. Its main office at 728 Grand Ave dates to 1944 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.
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Main Office main office728 Grand Ave, 51301
Telco Triad Community Credit Union Credit union · 1
Telco Triad Community Credit Union has 1 office in Spencer, 6 across Iowa. It is based in Sioux City, IA and $163.2 million in assets on March 31, 2026, according to its NCUA call report. Its published hours do not list Saturday.
Who can join: see the credit union's site.
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Spencer Branch24 W 4Th St, 51301
All hours
Mon 9 am to 4:30 pm; Tue 10 am to 4:30 pm; Wed to Thu 9 am to 4:30 pm; Fri 9 am to 5 pm; Sat to Sun not published
Hours: NCUA, March 31, 2026
U.S. Bank Bank · 1
U.S. Bank has 1 branch in Spencer, 55 across Iowa and 2,097 nationwide. FDIC records list its main office in Cincinnati, OH and show it operating since 1863. With $705.55 billion in total assets on June 30, 2026, it ranks No. 6 of 4,232 U.S. banks by total assets. The Spencer Branch at 126 Grand Ave dates to 1927 in FDIC branch records. Its published hours do not list Saturday.
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Spencer Branch126 Grand Ave, 51301
All hours
Mon not published; Tue to Fri 9 am to 5 pm; Sat to Sun not published
Hours: U.S. Bank branch locator (All The Places), checked Oct 10, 2026
Join a credit union in Spencer
2 credit unions have 2 offices here: First Credit Union and Telco Triad Community Credit Union. Each office is listed above with the phone and the hours it filed with the NCUA (call report as of March 31, 2026). Who can join each one is on its own site; the credit unions in Spencer page has every office in the state's directory.
Banking in Spencer: the local picture
Short answer: 5 banks run 6 branches in Spencer according to the FDIC. A population estimate for this place is not available from the Census Bureau, so branches per resident are not shown.
Of the 5 banks, 4 have their main office in Spencer and 1 out of state, according to the FDIC.
The bank with the longest record here is U.S. Bank, operating since 1863 according to the FDIC. In FDIC branch records, the longest-running branch is Community State Bank's office at 1812 Highway Blvd, dating to 1914; the newest is Northwest Bank's at 705 Grand Ave, from 1988.
2 credit unions have 2 offices in Spencer, according to the NCUA. Who can join each one is on the credit unions page.
Of the 3 locations with published hours. 1 opens on Saturday. 5 locations have no published hours in these sources.
Credit unions open on Saturday in Spencer
Short answer: 1 of the 3 Spencer locations with published hours opens on Saturday, run by 1 institution.
- First Credit Union: 1 of 1 office (1100 13Th St Sw: Saturday 9 am to 12 pm)
Credit union hours are the text each credit union filed with the NCUA, call report as of March 31, 2026; a day the filing does not mention is shown as not published, never as closed. Bank branches show hours only where the bank publishes them in a source this page uses; 5 of the 8 locations here have no published hours yet. The source and date sit under each office. Banks and credit unions often close on Federal Reserve holidays; call ahead.
Chase, Bank of America and other national banks
Which big national banks have branches in Spencer, and where the nearest one is if they do not.
Short answer: In Spencer: U.S. Bank (1). No branches in Spencer: Chase (nearest in Ames, 110 mi), Wells Fargo (nearest in Fort Dodge, 66 mi), Bank of America (nearest in Urbandale, 126 mi), PNC Bank, Truist, Fifth Third Bank, Huntington, Regions Bank (nearest in Urbandale, 128 mi), TD Bank, BMO (nearest in Carroll, 76 mi).
| Bank | In Spencer | Nearest branch if none here |
|---|---|---|
| U.S. Bank | 1 branch | here |
| Chase | None | Ames, 110 miles away |
| Wells Fargo | None | Fort Dodge, 66 miles away |
| Bank of America | None | Urbandale, 126 miles away |
| PNC Bank | None | none in Iowa |
| Truist | None | none in Iowa |
| Fifth Third Bank | None | none in Iowa |
| Huntington | None | none in Iowa |
| Regions Bank | None | Urbandale, 128 miles away |
| TD Bank | None | none in Iowa |
| BMO | None | Carroll, 76 miles away |
Branch counts from FDIC BankFind as of September 5, 2026. Distances are straight-line miles from the center of Spencer to the nearest branch in Iowa.
What your savings could earn
National benchmarks and the best published offers, from the Banrox Bank Rates tracker. Enter your own balance and rate to compare.
Short answer: At the national average savings rate of 0.38%, $10,000 kept in savings for a year earns about $38. The best published savings rate in the tracker, 3.75% at CIT Bank, earns about $375. The national average 12-month CD pays 1.71%.
| Offer | Bank | APY | Term | Minimum |
|---|---|---|---|---|
| Savings | CIT Bank | 3.75% | none | $5,000 |
| Savings | Barclays | 3.50% | none | $0 |
| Savings | Marcus by Goldman Sachs | 3.40% | none | $0 |
| CD | Synchrony Bank | 4.35% | 60 Months | $0 |
| CD | Marcus by Goldman Sachs | 4.35% | 24 Months | $500 |
| CD | American Express National Bank | 4.25% | 10 Months | $0 |
Rates are the banks' published APYs as tracked on the Banrox Bank Rates page, with the date next to each benchmark; they are not offers from Banrox and can change daily. Interest is before tax. The best offers are mostly online banks and are open to Spencer residents like anyone else.
Banks near Spencer
Nearby cities with at least two banks, by straight-line distance. Counts from FDIC BankFind.
Short answer: The closest towns with more choice are Milford (13 miles) and Okoboji (17 miles). Spirit Lake, 19 miles away, has the most banks nearby: 5.
| City | Distance | Banks | Branches |
|---|---|---|---|
| Banks in Milford, IA | 13 mi | 3 | 3 |
| Banks in Okoboji, IA | 17 mi | 4 | 4 |
| Banks in Hartley, IA | 17 mi | 2 | 2 |
| Banks in Spirit Lake, IA | 19 mi | 5 | 5 |
| Banks in Lake Park, IA | 22 mi | 2 | 2 |
| Banks in Emmetsburg, IA | 24 mi | 2 | 2 |
| Banks in Estherville, IA | 24 mi | 3 | 4 |
| Banks in Primghar, IA | 25 mi | 2 | 2 |
Bank branch openings and closings in Spencer
FDIC branch records, between September 5, 2025 and September 5, 2026.
Short answer: FDIC branch records show no bank branch openings in Spencer between September 5, 2025 and September 5, 2026. Closings and relocations are not tracked by the sources this page uses yet.
Banks and credit unions based in Spencer
Short answer: 4 institutions have their main office in Spencer: Northwest Bank, Farmers Trust and Savings Bank, Community State Bank and State Bank.
| Institution | Type | Total assets, June 30, 2026 | Offices here |
|---|---|---|---|
| Northwest Bank | Bank | $3.00 billion | 2 |
| Farmers Trust and Savings Bank | Bank | $618.0 million | 1 |
| Community State Bank | Bank | $345.8 million | 1 |
| State Bank | Bank | $74.9 million | 1 |
Banks: FDIC BankFind (community-bank flag and assets). Credit unions: NCUA call report.
Largest banks in Spencer by total assets
Ranked by each bank's total assets on its FDIC balance sheet, which covers the whole bank, not only its Spencer offices.
Short answer: U.S. Bank is the largest bank with offices in Spencer, with $705.55 billion in total assets on June 30, 2026, No. 6 among U.S. banks by total assets. Northwest Bank is second with $3.00 billion. 4 of the 5 banks are headquartered here. Local deposit shares will follow once the FDIC Summary of Deposits is imported.
| Bank | Total assets | Rank | Offices here | Main office |
|---|---|---|---|---|
| U.S. Bank | $705.55 billion | No. 6 | 1 | Cincinnati, OH |
| Northwest Bank | $3.00 billion | No. 427 | 2 | Spencer, IA |
| Farmers Trust and Savings Bank | $618.0 million | No. 1,534 | 1 | Spencer, IA |
| Community State Bank | $345.8 million | No. 2,279 | 1 | Spencer, IA |
| State Bank | $74.9 million | No. 3,892 | 1 | Spencer, IA |
Total assets and ranks from FDIC BankFind as of June 30, 2026. Rank is among active banks that report total assets to the FDIC.
Banks in Spencer: FAQ
How many banks are in Spencer, IA?
Spencer has 5 banks with 6 branches and 2 credit unions with 2 offices, according to FDIC data as of September 5, 2026 and NCUA data as of March 31, 2026.
Which bank has the most branches in Spencer?
Northwest Bank, with 2. U.S. Bank has 1 and Farmers Trust and Savings Bank has 1.
Is there a Northwest Bank in Spencer, IA?
Yes. FDIC data lists 2 Northwest Bank branches in Spencer as of September 5, 2026, the main office at 705 Grand Ave. Its branches are listed under Northwest Bank above, with the address and directions for each.
Is there a U.S. Bank in Spencer, IA?
Yes. FDIC data lists 1 U.S. Bank branch in Spencer as of September 5, 2026. The address and directions are under U.S. Bank above.
Is there a Farmers Trust and Savings Bank in Spencer, IA?
Yes. FDIC data lists 1 Farmers Trust and Savings Bank branch in Spencer as of September 5, 2026, the main office at 125 W 4th St. The address and directions are under Farmers Trust and Savings Bank above.
Is there a Chase in Spencer, IA?
No. FDIC data lists no Chase branch in Spencer as of September 5, 2026. The nearest is in Ames, about 110 miles away in a straight line.
Which banks in Spencer are open on Saturday?
First Credit Union publishes Saturday hours for one or more Spencer locations. The Saturday section above lists each one with its hours. 5 of the 8 locations here do not publish hours in the sources this page uses; call ahead.
Which banks are headquartered in Spencer?
Northwest Bank, Farmers Trust and Savings Bank, Community State Bank and State Bank have their main office in Spencer, according to the FDIC.
What is the oldest bank in Spencer?
U.S. Bank has the longest record among banks with a branch here: the FDIC shows it operating since 1863.
Which credit unions can I join in Spencer?
First Credit Union and Telco Triad Community Credit Union have offices in Spencer. Check each credit union's membership rules before you apply.
Did any bank branches open or close in Spencer in the past year?
FDIC branch records show no branch openings between September 5, 2025 and September 5, 2026. Closings and relocations are not tracked by the sources this page uses yet.
Where can I find more banks near Spencer?
Nearby cities with more banks include Milford, Okoboji, Hartley. Milford is 13 miles away with 3 banks.
How we build this page
Every figure above comes from one of these sources. Nothing is typed by hand, nothing is estimated.
| Data | Source | License | Updated | Data as of |
|---|---|---|---|---|
| FDIC-insured banks: branches, main offices, total assets, dates established | FDIC BankFind Suite API | Public data (U.S. government) | Monthly import | Sep 5, 2026 |
| Credit union offices, phones and hours as filed with the NCUA, total assets | NCUA call report data | Public data (U.S. government) | Quarterly import | Mar 31, 2026 |
| Map coordinates of 2 credit union offices whose NCUA record has none, from the office address | U.S. Census Bureau Geocoder | Public data (U.S. government) | With each NCUA import | Oct 19, 2026 |
| Bank branch hours, phones and branch pages (1 of 6 branches: U.S. Bank) | The banks' own branch locators, collected by All The Places | CC0 (All The Places data); each bank's locator is the primary source | Weekly spider run, monthly refresh here | Oct 10, 2026 |
| Savings and CD rates, national averages | Banrox Bank Rates | Banrox, from the banks' own rate pages and FDIC national rates | Weekly | see each rate |
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