US Bank Directory
Banks in Hermantown, MN
5 FDIC-insured banks operate 5 offices in Hermantown, Minnesota, and 1 credit union has 1 office.
Source: FDIC BankFind, data as of September 5, 2026; NCUA call report as of March 31, 2026.
Bank branch map: Hermantown
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: 6 banks and credit unions operate 6 locations in Hermantown, according to the FDIC and the NCUA. 6 of them have coordinates on record and are on the map. 1 publish opening hours.
Branches: FDIC, NCUA. Streets: loading.
6 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 Hermantown
Sorted by number of local branches. Each branch shows where its hours and phone number come from.
Short answer: 5 banks share the most locations in Hermantown, with 1 each. 5 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.
Centricity Credit Union Credit union · 1
Centricity Credit Union has 1 office in Hermantown, 4 across Minnesota. It is based in Hermantown, MN and $337.9 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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Main Office main office4477 Lavaque Rd, 55811
All hours
Mon to Fri 8:30 am to 5 pm; Sat to Sun not published
Hours: NCUA, March 31, 2026
Frandsen Bank & Trust Bank · 1
Frandsen Bank & Trust has 1 branch in Hermantown, 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 Hermantown Office Branch at 4803 Miller Trunk Hwy dates to 2022 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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Hermantown Office Branch4803 Miller Trunk Hwy, 55811
National Bank of Commerce Bank · 1
National Bank of Commerce has 1 branch in Hermantown, 17 across Minnesota and 21 nationwide. FDIC records list its main office in Superior, WI and show it operating since 1934. With $2.23 billion in total assets on June 30, 2026, it ranks No. 561 of 4,232 U.S. banks by total assets. The Hermantown Branch at 4105 Richard Ave dates to 2004 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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Hermantown Branch4105 Richard Ave, 55811
North Shore Bank of Commerce Bank · 1
North Shore Bank of Commerce has 1 branch in Hermantown, 7 across Minnesota and 7 nationwide. FDIC records list its main office in Duluth, MN and show it operating since 1915. With $598.5 million in total assets on June 30, 2026, it ranks No. 1,562 of 4,232 U.S. banks by total assets. The Hermantown Branch at 4810 Miller Trunk Hwy dates to 1963 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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Hermantown Branch4810 Miller Trunk Hwy, 55811
Park State Bank Bank · 1
Park State Bank has 1 branch in Hermantown, 17 across Minnesota and 18 nationwide. FDIC records list its main office in Duluth, MN and show it operating since 1916. With $1.49 billion in total assets on June 30, 2026, it ranks No. 744 of 4,232 U.S. banks by total assets. The Hermantown Branch at 4161 Haines Road dates to 2024 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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Hermantown Branch4161 Haines Road, 55811
Western National Bank Bank · 1
Western National Bank has 1 branch in Hermantown, 3 across Minnesota and 3 nationwide. FDIC records list its main office in Duluth, MN and show it operating since 1904. With $135.8 million in total assets on June 30, 2026, it ranks No. 3,437 of 4,232 U.S. banks by total assets. The Superone Foods Branch at 4120 Richard Ave dates to 1997 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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Superone Foods Branch4120 Richard Ave, 55811
Join a credit union in Hermantown
1 credit union has 1 office here: Centricity 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 Hermantown page has every office in the state's directory.
Banking in Hermantown: the local picture
Short answer: 5 banks run 5 branches in Hermantown 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, 0 have their main office in Hermantown, 4 elsewhere in Minnesota and 1 out of state, 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 North Shore Bank of Commerce's office at 4810 Miller Trunk Hwy, dating to 1963; the newest is Park State Bank's at 4161 Haines Road, from 2024.
The only credit union with an office here is Centricity Credit Union.
Of the 1 location with published hours. None open on Saturday. 5 locations have no published hours in these sources.
Saturday hours in Hermantown
Short answer: None of the 1 Hermantown location with published hours lists Saturday hours. 5 locations do not publish hours in these sources; call ahead.
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 6 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 Hermantown, and where the nearest one is if they do not.
Short answer: No branches in Hermantown: Chase (nearest in Forest Lake, 113 mi), Wells Fargo (nearest in Duluth, 1 mi), Bank of America (nearest in Blaine, 123 mi), PNC Bank, U.S. Bank (nearest in Duluth, 1 mi), Truist, Fifth Third Bank, Huntington (nearest in Duluth, 5 mi), Regions Bank, TD Bank, BMO (nearest in Little Falls, 119 mi).
| Bank | In Hermantown | Nearest branch if none here |
|---|---|---|
| Chase | None | Forest Lake, 113 miles away |
| Wells Fargo | None | Duluth, 1 mile away |
| Bank of America | None | Blaine, 123 miles away |
| PNC Bank | None | none in Minnesota |
| U.S. Bank | None | Duluth, 1 mile away |
| Truist | None | none in Minnesota |
| Fifth Third Bank | None | none in Minnesota |
| Huntington | None | Duluth, 5 miles away |
| Regions Bank | None | none in Minnesota |
| TD Bank | None | none in Minnesota |
| BMO | None | Little Falls, 119 miles away |
Branch counts from FDIC BankFind as of September 5, 2026. Distances are straight-line miles from the center of Hermantown 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%.
| 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 Hermantown residents like anyone else.
Banks near Hermantown
Nearby cities with at least two banks, by straight-line distance. Counts from FDIC BankFind.
Short answer: The closest towns with more choice are Duluth (4 miles) and Cloquet (15 miles). Duluth, 4 miles away, has the most banks nearby: 10.
| City | Distance | Banks | Branches |
|---|---|---|---|
| Banks in Duluth, MN | 4 mi | 10 | 27 |
| Banks in Cloquet, MN | 15 mi | 5 | 5 |
| Banks in Two Harbors, MN | 28 mi | 2 | 2 |
| Banks in Virginia, MN | 52 mi | 5 | 6 |
| Banks in Hibbing, MN | 55 mi | 5 | 5 |
| Banks in Hinckley, MN | 66 mi | 2 | 2 |
| Banks in Grand Rapids, MN | 70 mi | 7 | 9 |
| Banks in Aitkin, MN | 75 mi | 3 | 4 |
Bank branch openings and closings in Hermantown
FDIC branch records, between September 5, 2025 and September 5, 2026.
Short answer: FDIC branch records show no bank branch openings in Hermantown 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 Hermantown
Short answer: 1 institution has its main office in Hermantown: Centricity Credit Union.
| Institution | Type | Total assets, March 31, 2026 | Offices here |
|---|---|---|---|
| Centricity Credit Union | Credit union | $337.9 million | 1 |
Banks: FDIC BankFind (community-bank flag and assets). Credit unions: NCUA call report.
Largest banks in Hermantown by total assets
Ranked by each bank's total assets on its FDIC balance sheet, which covers the whole bank, not only its Hermantown offices.
Short answer: Frandsen Bank & Trust is the largest bank with offices in Hermantown, with $3.66 billion in total assets on June 30, 2026, No. 359 among U.S. banks by total assets. National Bank of Commerce is second with $2.23 billion. Local deposit shares will follow once the FDIC Summary of Deposits is imported.
| Bank | Total assets | Rank | Offices here | Main office |
|---|---|---|---|---|
| Frandsen Bank & Trust | $3.66 billion | No. 359 | 1 | Lonsdale, MN |
| National Bank of Commerce | $2.23 billion | No. 561 | 1 | Superior, WI |
| Park State Bank | $1.49 billion | No. 744 | 1 | Duluth, MN |
| North Shore Bank of Commerce | $598.5 million | No. 1,562 | 1 | Duluth, MN |
| Western National Bank | $135.8 million | No. 3,437 | 1 | Duluth, MN |
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 Hermantown: FAQ
How many banks are in Hermantown, MN?
Hermantown has 5 banks with 5 branches and 1 credit union with 1 office, according to FDIC data as of September 5, 2026 and NCUA data as of March 31, 2026.
Which bank has the most branches in Hermantown?
Frandsen Bank & Trust, with 1. National Bank of Commerce has 1 and Park State Bank has 1.
Is there a Frandsen Bank & Trust in Hermantown, MN?
Yes. FDIC data lists 1 Frandsen Bank & Trust branch in Hermantown as of September 5, 2026. The address and directions are under Frandsen Bank & Trust above.
Is there a National Bank of Commerce in Hermantown, MN?
Yes. FDIC data lists 1 National Bank of Commerce branch in Hermantown as of September 5, 2026. The address and directions are under National Bank of Commerce above.
Is there a Park State Bank in Hermantown, MN?
Yes. FDIC data lists 1 Park State Bank branch in Hermantown as of September 5, 2026. The address and directions are under Park State Bank above.
Is there a Chase in Hermantown, MN?
No. FDIC data lists no Chase branch in Hermantown as of September 5, 2026. The nearest is in Forest Lake, about 113 miles away in a straight line.
Which banks in Hermantown are open on Saturday?
None of the 1 location with published hours lists Saturday hours. 5 locations do not publish hours in our sources; call ahead.
Which banks are headquartered in Hermantown?
Centricity Credit Union has its main office in Hermantown, according to the FDIC and the NCUA.
What is the oldest bank in Hermantown?
Frandsen Bank & Trust has the longest record among banks with a branch here: the FDIC shows it operating since 1901.
Which credit unions can I join in Hermantown?
Centricity Credit Union has an office in Hermantown. Check each credit union's membership rules before you apply.
Did any bank branches open or close in Hermantown 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 Hermantown?
Nearby cities with more banks include Duluth, Cloquet, Two Harbors. Duluth is 4 miles away with 10 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 1 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 |
| 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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