Banks in Lakefield, MN

Bank branch map: Lakefield

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 Lakefield, according to the FDIC. 3 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 Lakefield

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

Short answer: BMO, First National Bank and Worthington Federal Savings Bank, FSB have the most locations in Lakefield, with 1 each. 3 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.

BMO BMO Bank National Association · 1 branch · main office Chicago, IL Bank · 1

BMO has 1 branch in Lakefield, 35 across Minnesota and 988 nationwide. FDIC records list its main office in Chicago, IL and show it operating since 1947. With $254.97 billion in total assets on June 30, 2026, it ranks No. 16 of 4,232 U.S. banks by total assets. The Lakefield Branch at 204 Main St dates to 1912 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.

• Lakefield Branch

  204 Main St, 56150

  Hours: see the bank's site
  DirectionsWebsite

BMO: profile, branches and contacts

First National Bank 1 branch · main office Oldham, SD Bank · 1

First National Bank has 1 branch in Lakefield, 10 across Minnesota and 12 nationwide. FDIC records list its main office in Oldham, SD and show it operating since 1985. With $477.8 million in total assets on June 30, 2026, it ranks No. 1,853 of 4,232 U.S. banks by total assets. The Lakefield Branch at 406 Main St dates to 1800 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.

• Lakefield Branch

  406 Main St, 56150

  Hours: see the bank's site
  DirectionsWebsite

First National Bank: profile, branches and contacts

Worthington Federal Savings Bank, FSB 1 branch · main office Worthington, MN Bank · 1

Worthington Federal Savings Bank, FSB has 1 branch in Lakefield, 3 across Minnesota and 3 nationwide. FDIC records list its main office in Worthington, MN and show it operating since 1935. With $135.4 million in total assets on June 30, 2026, it ranks No. 3,440 of 4,232 U.S. banks by total assets. The Main Street Branch at 313 Main St dates to 1935 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.

• Main Street Branch

  313 Main St, 56150

  Hours: see the bank's site
  DirectionsWebsite

Worthington Federal Savings Bank, FSB: profile, branches and contacts

Banking in Lakefield: the local picture

Short answer: 3 banks run 3 branches in Lakefield 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, 0 have their main office in Lakefield, 1 elsewhere in Minnesota and 2 out of state, according to the FDIC.

The bank with the longest record here is Worthington Federal Savings Bank, FSB, operating since 1935 according to the FDIC. In FDIC branch records, the longest-running branch is First National Bank's office at 406 Main St, dating to 1800; the newest is Worthington Federal Savings Bank, FSB's at 313 Main St, from 1935.

None of the 3 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 Lakefield, and where the nearest one is if they do not.

Short answer: In Lakefield: BMO (1). No branches in Lakefield: Chase (nearest in Chaska, 109 mi), Wells Fargo (nearest in Marshall, 62 mi), Bank of America (nearest in Eden Prairie, 118 mi), PNC Bank, U.S. Bank (nearest in Fairmont, 36 mi), Truist, Fifth Third Bank, Huntington (nearest in Mankato, 67 mi), Regions Bank, TD Bank.

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

Banks near Lakefield

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

Short answer: The closest towns with more choice are Jackson (10 miles) and Windom (13 miles). Worthington, 22 miles away, has the most banks nearby: 6.

Bank branch openings and closings in Lakefield

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

Short answer: FDIC branch records show no bank branch openings in Lakefield between September 5, 2025 and September 5, 2026. Closings and relocations are not tracked by the sources this page uses yet.

Largest banks in Lakefield by total assets

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

Short answer: BMO is the largest bank with offices in Lakefield, with $254.97 billion in total assets on June 30, 2026, No. 16 among U.S. banks by total assets. First National Bank is second with $477.8 million. 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 Lakefield: FAQ

How we build this page

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