US Bank Directory
Banks in Karlstad, MN
1 FDIC-insured bank operates 1 office in Karlstad, Minnesota.
Source: FDIC BankFind, data as of September 5, 2026.
Bank branch map: Karlstad
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: 1 institution operates 1 location in Karlstad, according to the FDIC. 1 of them has coordinates on record and is on the map. ATMs and opening hours are not in the sources this page uses yet; each marker links to directions.
Branches: FDIC, NCUA. Streets: loading.
1 location 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 in Karlstad
Sorted by number of local branches. Each branch shows where its hours and phone number come from.
Short answer: Prime Security Bank is the only bank with an office in Karlstad. Open any bank to see each address, today's hours where the bank publishes them and the phone number.
Prime Security Bank Bank · 1
Prime Security Bank has 1 branch in Karlstad, 3 across Minnesota and 3 nationwide. FDIC records list its main office in Karlstad, MN and show it operating since 1925. With $154.5 million in total assets on June 30, 2026, it ranks No. 3,290 of 4,232 U.S. banks by total assets. Its main office at 201 Main St N dates to 1925 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 office201 Main St N, 56732
Banking in Karlstad: the local picture
Short answer: 1 bank runs 1 branch in Karlstad according to the FDIC. A population estimate for this place is not available from the Census Bureau, so branches per resident are not shown.
Prime Security Bank has its main office in Karlstad, according to the FDIC.
The bank with the longest record here is Prime Security Bank, operating since 1925 according to the FDIC.
The one location here does not publish 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 Karlstad, and where the nearest one is if they do not.
Short answer: No branches in Karlstad: Chase (nearest in Saint Cloud, 237 mi), Wells Fargo (nearest in Thief River Falls, 36 mi), Bank of America (nearest in Coon Rapids, 278 mi), PNC Bank, U.S. Bank (nearest in Fergus Falls, 160 mi), Truist, Fifth Third Bank, Huntington (nearest in Saint Cloud, 237 mi), Regions Bank, TD Bank, BMO (nearest in Ada, 88 mi).
| Bank | In Karlstad | Nearest branch if none here |
|---|---|---|
| Chase | None | Saint Cloud, 237 miles away |
| Wells Fargo | None | Thief River Falls, 36 miles away |
| Bank of America | None | Coon Rapids, 278 miles away |
| PNC Bank | None | none in Minnesota |
| U.S. Bank | None | Fergus Falls, 160 miles away |
| Truist | None | none in Minnesota |
| Fifth Third Bank | None | none in Minnesota |
| Huntington | None | Saint Cloud, 237 miles away |
| Regions Bank | None | none in Minnesota |
| TD Bank | None | none in Minnesota |
| BMO | None | Ada, 88 miles away |
Branch counts from FDIC BankFind as of September 5, 2026. Distances are straight-line miles from the center of Karlstad 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 Karlstad residents like anyone else.
Banks near Karlstad
Nearby cities with at least two banks, by straight-line distance. Counts from FDIC BankFind.
Short answer: The closest towns with more choice are Hallock (24 miles) and Warren (29 miles). Warren, 29 miles away, has the most banks nearby: 3.
| City | Distance | Banks | Branches |
|---|---|---|---|
| Banks in Hallock, MN | 24 mi | 2 | 2 |
| Banks in Warren, MN | 29 mi | 3 | 3 |
| Banks in Thief River Falls, MN | 36 mi | 3 | 5 |
| Banks in Roseau, MN | 39 mi | 2 | 2 |
| Banks in Red Lake Falls, MN | 50 mi | 2 | 2 |
| Banks in East Grand Forks, MN | 50 mi | 3 | 3 |
| Banks in Crookston, MN | 55 mi | 3 | 3 |
| Banks in Fosston, MN | 78 mi | 3 | 3 |
Bank branch openings and closings in Karlstad
FDIC branch records, between September 5, 2025 and September 5, 2026.
Short answer: FDIC branch records show no bank branch openings in Karlstad 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 Karlstad
Short answer: 1 institution has its main office in Karlstad: Prime Security Bank.
| Institution | Type | Total assets, June 30, 2026 | Offices here |
|---|---|---|---|
| Prime Security Bank | Bank | $154.5 million | 1 |
Banks: FDIC BankFind (community-bank flag and assets). Credit unions: NCUA call report.
Largest banks in Karlstad by total assets
Ranked by each bank's total assets on its FDIC balance sheet, which covers the whole bank, not only its Karlstad offices.
Short answer: Prime Security Bank is the largest bank with offices in Karlstad, with $154.5 million in total assets on June 30, 2026, No. 3,290 among U.S. banks by total assets. 1 of the 1 bank is headquartered here. Local deposit shares will follow once the FDIC Summary of Deposits is imported.
| Bank | Total assets | Rank | Offices here | Main office |
|---|---|---|---|---|
| Prime Security Bank | $154.5 million | No. 3,290 | 1 | Karlstad, 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 Karlstad: FAQ
How many banks are in Karlstad, MN?
Karlstad has 1 bank with 1 branch, according to FDIC data as of September 5, 2026.
Is there a Prime Security Bank in Karlstad, MN?
Yes. FDIC data lists 1 Prime Security Bank branch in Karlstad as of September 5, 2026, the main office at 201 Main St N. The address and directions are under Prime Security Bank above.
Is there a Chase in Karlstad, MN?
No. FDIC data lists no Chase branch in Karlstad as of September 5, 2026. The nearest is in Saint Cloud, about 237 miles away in a straight line.
Which banks are headquartered in Karlstad?
Prime Security Bank has its main office in Karlstad, according to the FDIC.
What is the oldest bank in Karlstad?
Prime Security Bank has the longest record among banks with a branch here: the FDIC shows it operating since 1925.
Did any bank branches open or close in Karlstad 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 Karlstad?
Nearby cities with more banks include Hallock, Warren, Thief River Falls. Hallock is 24 miles away with 2 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 |
| 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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