Banks in Cannon Falls, MN

Bank branch map: Cannon Falls

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: 3 banks and credit unions operate 5 locations in Cannon Falls, according to the FDIC. 5 of them have coordinates on record and are on the map. ATMs and opening hours are not in the sources this page uses yet; each marker links to directions.

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 in Cannon Falls

Sorted by number of local branches. Each branch shows where its hours and phone number come from.

Short answer: First Farmers & Merchants Bank has the most locations in Cannon Falls, with 3. The other 2 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.

First Farmers & Merchants Bank 3 branches · main office Cannon Falls, MN Bank · 3

First Farmers & Merchants Bank has 3 branches in Cannon Falls, 7 across Minnesota and 7 nationwide. FDIC records list its main office in Cannon Falls, MN and show it operating since 1915. With $486.4 million in total assets on June 30, 2026, it ranks No. 1,828 of 4,232 U.S. banks by total assets. In FDIC branch records, its longest-running Cannon Falls location is its main office at 920 4th St S, dating to 1915; the newest, at 425 Main St W, to 2001. It does not publish hours in the sources this page uses; check its site before you go.

• Main Office main office

  920 4th St S, 55009

  Hours: see the bank's site
  DirectionsWebsite
• White Rock Branch

  13313 County 1 Blvd, 55009

  Hours: see the bank's site
  DirectionsWebsite
• Cannon Falls Family Fare Branch

  425 Main St W, 55009

  Hours: see the bank's site
  DirectionsWebsite

First Farmers & Merchants Bank: profile, branches and contacts

Community Resource Bank 1 branch · main office Northfield, MN Bank · 1

Community Resource Bank has 1 branch in Cannon Falls, 4 across Minnesota and 4 nationwide. FDIC records list its main office in Northfield, MN and show it operating since 1878. With $556.4 million in total assets on June 30, 2026, it ranks No. 1,662 of 4,232 U.S. banks by total assets. The Cannon Falls Branch at 1230 4th St S dates to 1910 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.

• Cannon Falls Branch

  1230 4th St S, 55009

  Hours: see the bank's site
  DirectionsWebsite

Community Resource Bank: profile, branches and contacts

Merchants Bank 1 branch · main office Winona, MN Bank · 1

Merchants Bank has 1 branch in Cannon Falls, 20 across Minnesota and 22 nationwide. FDIC records list its main office in Winona, MN and show it operating since 1875. With $2.88 billion in total assets on June 30, 2026, it ranks No. 444 of 4,232 U.S. banks by total assets. The Cannon Falls Branch at 300 Main St W dates to 1878 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.

• Cannon Falls Branch

  300 Main St W, 55009

  Hours: see the bank's site
  DirectionsWebsite

Merchants Bank: profile, branches and contacts

Banking in Cannon Falls: the local picture

Short answer: 3 banks run 5 branches in Cannon Falls 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 3 banks, 1 has its main office in Cannon Falls, 2 elsewhere in Minnesota, according to the FDIC.

The bank with the longest record here is Merchants Bank, operating since 1875 according to the FDIC. In FDIC branch records, the longest-running branch is Merchants Bank's office at 300 Main St W, dating to 1878; the newest is First Farmers & Merchants Bank's at 425 Main St W, from 2001.

None of the 5 locations here publishes hours in the sources this page uses. Each branch links to the bank's own site.

Chase, Bank of America and other national banks

Which big national banks have branches in Cannon Falls, and where the nearest one is if they do not.

Short answer: No branches in Cannon Falls: Chase (nearest in Apple Valley, 22 mi), Wells Fargo (nearest in Northfield, 14 mi), Bank of America (nearest in Apple Valley, 24 mi), PNC Bank, U.S. Bank (nearest in Lakeville, 21 mi), Truist, Fifth Third Bank, Huntington (nearest in Apple Valley, 23 mi), Regions Bank, TD Bank, BMO (nearest in Apple Valley, 23 mi).

Branch counts from FDIC BankFind as of September 5, 2026. Distances are straight-line miles from the center of Cannon Falls to the nearest branch in Minnesota.

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%.

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 Cannon Falls residents like anyone else.

Banks near Cannon Falls

Nearby cities with at least two banks, by straight-line distance. Counts from FDIC BankFind.

Short answer: The closest towns with more choice are Northfield (15 miles) and Hastings (16 miles). Apple Valley, 23 miles away, has the most banks nearby: 12.

Bank branch openings and closings in Cannon Falls

FDIC branch records, between September 5, 2025 and September 5, 2026.

Short answer: FDIC branch records show no bank branch openings in Cannon Falls 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 Cannon Falls

Short answer: 1 institution has its main office in Cannon Falls: First Farmers & Merchants Bank.

Banks: FDIC BankFind (community-bank flag and assets). Credit unions: NCUA call report.

Largest banks in Cannon Falls by total assets

Ranked by each bank's total assets on its FDIC balance sheet, which covers the whole bank, not only its Cannon Falls offices.

Short answer: Merchants Bank is the largest bank with offices in Cannon Falls, with $2.88 billion in total assets on June 30, 2026, No. 444 among U.S. banks by total assets. Community Resource Bank is second with $556.4 million. 1 of the 3 bank is headquartered here. Local deposit shares will follow once the FDIC Summary of Deposits is imported.

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 Cannon Falls: FAQ

How we build this page

Every figure above comes from one of these sources. Nothing is typed by hand, nothing is estimated.