US Bank Directory
Banks in Lake City, MN
2 FDIC-insured banks operate 2 offices in Lake City, 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: Lake City
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 3 locations in Lake City, according to the FDIC and the NCUA. 3 of them have coordinates on record and are on the map. 1 publish opening hours.
Branches: FDIC, NCUA. Streets: loading.
3 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 Lake City
Sorted by number of local branches. Each branch shows where its hours and phone number come from.
Short answer: Forward Bank and Alliance Bank have the most locations in Lake City, 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.
Alliance Bank Bank · 1
Alliance Bank has 1 branch in Lake City, 6 across Minnesota and 6 nationwide. FDIC records list its main office in Lake City, MN and show it operating since 1867. With $755.9 million in total assets on June 30, 2026, it ranks No. 1,314 of 4,232 U.S. banks by total assets. Its main office at 105 E Lyon Ave dates to 1867 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 office105 E Lyon Ave, 55041
First Alliance Credit Union Credit union · 1
First Alliance Credit Union has 1 office in Lake City, 5 across Minnesota. It is based in Rochester, MN and $335.0 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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Lake City201 N 8Th St, 55041
All hours
Mon to Fri 8:30 am to 4:30 pm; Sat to Sun not published
Hours: NCUA, March 31, 2026
Forward Bank Bank · 1
Forward Bank has 1 branch in Lake City, 1 across Minnesota and 15 nationwide. FDIC records list its main office in Marshfield, WI and show it operating since 1919. With $1.28 billion in total assets on June 30, 2026, it ranks No. 856 of 4,232 U.S. banks by total assets. The Lake City Branch at 219 S Washington St 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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Lake City Branch219 S Washington St, 55041
Join a credit union in Lake City
1 credit union has 1 office here: First Alliance 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 Lake City page has every office in the state's directory.
Banking in Lake City: the local picture
Short answer: 2 banks run 2 branches in Lake City 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 Lake City and 1 out of state, according to the FDIC.
The bank with the longest record here is Alliance Bank, operating since 1867 according to the FDIC. In FDIC branch records, the longest-running branch is Alliance Bank's office at 105 E Lyon Ave, dating to 1867; the newest is Forward Bank's at 219 S Washington St, from 2024.
The only credit union with an office here is First Alliance Credit Union.
Of the 1 location with published hours. None open on Saturday. 2 locations have no published hours in these sources.
Saturday hours in Lake City
Short answer: None of the 1 Lake City location with published hours lists Saturday hours. 2 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; 2 of the 3 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 Lake City, and where the nearest one is if they do not.
Short answer: No branches in Lake City: Chase (nearest in Cottage Grove, 43 mi), Wells Fargo (nearest in Red Wing, 15 mi), Bank of America (nearest in Woodbury, 47 mi), PNC Bank, U.S. Bank (nearest in Rochester, 28 mi), Truist, Fifth Third Bank, Huntington (nearest in Cottage Grove, 43 mi), Regions Bank, TD Bank, BMO (nearest in Woodbury, 46 mi).
| Bank | In Lake City | Nearest branch if none here |
|---|---|---|
| Chase | None | Cottage Grove, 43 miles away |
| Wells Fargo | None | Red Wing, 15 miles away |
| Bank of America | None | Woodbury, 47 miles away |
| PNC Bank | None | none in Minnesota |
| U.S. Bank | None | Rochester, 28 miles away |
| Truist | None | none in Minnesota |
| Fifth Third Bank | None | none in Minnesota |
| Huntington | None | Cottage Grove, 43 miles away |
| Regions Bank | None | none in Minnesota |
| TD Bank | None | none in Minnesota |
| BMO | None | Woodbury, 46 miles away |
Branch counts from FDIC BankFind as of September 5, 2026. Distances are straight-line miles from the center of Lake City 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 Lake City residents like anyone else.
Banks near Lake City
Nearby cities with at least two banks, by straight-line distance. Counts from FDIC BankFind.
Short answer: The closest towns with more choice are Wabasha (12 miles) and Red Wing (17 miles). Rochester, 31 miles away, has the most banks nearby: 17.
| City | Distance | Banks | Branches |
|---|---|---|---|
| Banks in Wabasha, MN | 12 mi | 2 | 2 |
| Banks in Red Wing, MN | 17 mi | 7 | 7 |
| Banks in Plainview, MN | 20 mi | 2 | 2 |
| Banks in Cannon Falls, MN | 30 mi | 3 | 5 |
| Banks in Rochester, MN | 31 mi | 17 | 38 |
| Banks in St. Charles, MN | 35 mi | 2 | 2 |
| Banks in Hastings, MN | 35 mi | 7 | 9 |
| Banks in Kasson, MN | 38 mi | 2 | 2 |
Bank branch openings and closings in Lake City
FDIC branch records, between September 5, 2025 and September 5, 2026.
Short answer: FDIC branch records show no bank branch openings in Lake City 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 Lake City
Short answer: 1 institution has its main office in Lake City: Alliance Bank.
| Institution | Type | Total assets, June 30, 2026 | Offices here |
|---|---|---|---|
| Alliance Bank | Bank | $755.9 million | 1 |
Banks: FDIC BankFind (community-bank flag and assets). Credit unions: NCUA call report.
Largest banks in Lake City by total assets
Ranked by each bank's total assets on its FDIC balance sheet, which covers the whole bank, not only its Lake City offices.
Short answer: Forward Bank is the largest bank with offices in Lake City, with $1.28 billion in total assets on June 30, 2026, No. 856 among U.S. banks by total assets. Alliance Bank is second with $755.9 million. 1 of the 2 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 |
|---|---|---|---|---|
| Forward Bank | $1.28 billion | No. 856 | 1 | Marshfield, WI |
| Alliance Bank | $755.9 million | No. 1,314 | 1 | Lake City, 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 Lake City: FAQ
How many banks are in Lake City, MN?
Lake City has 2 banks with 2 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 Lake City?
Forward Bank, with 1. Alliance Bank has 1.
Is there a Forward Bank in Lake City, MN?
Yes. FDIC data lists 1 Forward Bank branch in Lake City as of September 5, 2026. The address and directions are under Forward Bank above.
Is there a Alliance Bank in Lake City, MN?
Yes. FDIC data lists 1 Alliance Bank branch in Lake City as of September 5, 2026, the main office at 105 E Lyon Ave. The address and directions are under Alliance Bank above.
Is there a Chase in Lake City, MN?
No. FDIC data lists no Chase branch in Lake City as of September 5, 2026. The nearest is in Cottage Grove, about 43 miles away in a straight line.
Which banks in Lake City are open on Saturday?
None of the 1 location with published hours lists Saturday hours. 2 locations do not publish hours in our sources; call ahead.
Which banks are headquartered in Lake City?
Alliance Bank has its main office in Lake City, according to the FDIC.
What is the oldest bank in Lake City?
Alliance Bank has the longest record among banks with a branch here: the FDIC shows it operating since 1867.
Which credit unions can I join in Lake City?
First Alliance Credit Union has an office in Lake City. Check each credit union's membership rules before you apply.
Did any bank branches open or close in Lake City 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 Lake City?
Nearby cities with more banks include Wabasha, Red Wing, Plainview. Wabasha is 12 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 |
| 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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