Banks in Fairfax, MN

Bank branch map: Fairfax

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: 2 banks and credit unions operate 2 locations in Fairfax, according to the FDIC. 2 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 Fairfax

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

Short answer: Frandsen Bank & Trust and The First National Bank of Fairfax have the most locations in Fairfax, with 1 each. 2 banks 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.

Frandsen Bank & Trust 1 branch · main office Lonsdale, MN Bank · 1

Frandsen Bank & Trust has 1 branch in Fairfax, 34 across Minnesota and 40 nationwide. FDIC records list its main office in Lonsdale, MN and show it operating since 1901. With $3.66 billion in total assets on June 30, 2026, it ranks No. 359 of 4,232 U.S. banks by total assets. The Fairfax Branch at 100 Park St S dates to 1901 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.

• Fairfax Branch

  100 Park St S, 55332

  Hours: see the bank's site
  DirectionsWebsite

Frandsen Bank & Trust: profile, branches and contacts

The First National Bank of Fairfax 1 branch · main office Fairfax, MN Bank · 1

The First National Bank of Fairfax has 1 branch in Fairfax, 1 across Minnesota and 1 nationwide. FDIC records list its main office in Fairfax, MN and show it operating since 1910. With $35.6 million in total assets on June 30, 2026, it ranks No. 4,147 of 4,232 U.S. banks by total assets. Its main office at 16 1st St Se dates to 1910 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.

• Main Office main office

  16 1st St Se, 55332

  Hours: see the bank's site
  DirectionsWebsite

The First National Bank of Fairfax: profile, branches and contacts

Banking in Fairfax: the local picture

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

The bank with the longest record here is Frandsen Bank & Trust, operating since 1901 according to the FDIC. In FDIC branch records, the longest-running branch is Frandsen Bank & Trust's office at 100 Park St S, dating to 1901; the newest is The First National Bank of Fairfax's at 16 1st St Se, from 1910.

None of the 2 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 Fairfax, and where the nearest one is if they do not.

Short answer: No branches in Fairfax: Chase (nearest in Chaska, 58 mi), Wells Fargo (nearest in Hutchinson, 31 mi), Bank of America (nearest in Eden Prairie, 67 mi), PNC Bank, U.S. Bank (nearest in Mankato, 43 mi), Truist, Fifth Third Bank, Huntington (nearest in Mankato, 43 mi), Regions Bank, TD Bank, BMO (nearest in Windom, 50 mi).

Branch counts from FDIC BankFind as of September 5, 2026. Distances are straight-line miles from the center of Fairfax 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 Fairfax residents like anyone else.

Banks near Fairfax

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

Short answer: The closest towns with more choice are Sleepy Eye (16 miles) and Winthrop (18 miles). Hutchinson, 30 miles away, has the most banks nearby: 6.

Bank branch openings and closings in Fairfax

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

Short answer: FDIC branch records show no bank branch openings in Fairfax 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 Fairfax

Short answer: 1 institution has its main office in Fairfax: The First National Bank of Fairfax.

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

Largest banks in Fairfax by total assets

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

Short answer: Frandsen Bank & Trust is the largest bank with offices in Fairfax, with $3.66 billion in total assets on June 30, 2026, No. 359 among U.S. banks by total assets. The First National Bank of Fairfax is second with $35.6 million. 1 of the 2 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 Fairfax: FAQ

How we build this page

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