US Bank Directory
Banks in Montgomery, MN
2 FDIC-insured banks operate 2 offices in Montgomery, Minnesota.
Source: FDIC BankFind, data as of September 5, 2026.
Bank branch map: Montgomery
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 Montgomery, 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.
Branches: FDIC, NCUA. Streets: loading.
2 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 in Montgomery
Sorted by number of local branches. Each branch shows where its hours and phone number come from.
Short answer: Frandsen Bank & Trust and Cornerstone State Bank have the most locations in Montgomery, 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.
Cornerstone State Bank Bank · 1
Cornerstone State Bank has 1 branch in Montgomery, 7 across Minnesota and 7 nationwide. FDIC records list its main office in Montgomery, MN and show it operating since 1974. With $247.0 million in total assets on June 30, 2026, it ranks No. 2,746 of 4,232 U.S. banks by total assets. Its main office at 401 4th St Nw dates to 1974 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 office401 4th St Nw, 56069
Frandsen Bank & Trust Bank · 1
Frandsen Bank & Trust has 1 branch in Montgomery, 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 Montgomery Branch at 125 1st St S 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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Montgomery Branch125 1st St S, 56069
Banking in Montgomery: the local picture
Short answer: 2 banks run 2 branches in Montgomery 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 Montgomery, 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 125 1st St S, dating to 1963; the newest is Cornerstone State Bank's at 401 4th St Nw, from 1974.
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 Montgomery, and where the nearest one is if they do not.
Short answer: No branches in Montgomery: Chase (nearest in Savage, 24 mi), Wells Fargo (nearest in New Prague, 7 mi), Bank of America (nearest in Apple Valley, 27 mi), PNC Bank, U.S. Bank (nearest in New Prague, 7 mi), Truist, Fifth Third Bank, Huntington (nearest in Lakeville, 23 mi), Regions Bank, TD Bank, BMO (nearest in Burnsville, 26 mi).
| Bank | In Montgomery | Nearest branch if none here |
|---|---|---|
| Chase | None | Savage, 24 miles away |
| Wells Fargo | None | New Prague, 7 miles away |
| Bank of America | None | Apple Valley, 27 miles away |
| PNC Bank | None | none in Minnesota |
| U.S. Bank | None | New Prague, 7 miles away |
| Truist | None | none in Minnesota |
| Fifth Third Bank | None | none in Minnesota |
| Huntington | None | Lakeville, 23 miles away |
| Regions Bank | None | none in Minnesota |
| TD Bank | None | none in Minnesota |
| BMO | None | Burnsville, 26 miles away |
Branch counts from FDIC BankFind as of September 5, 2026. Distances are straight-line miles from the center of Montgomery 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 Montgomery residents like anyone else.
Banks near Montgomery
Nearby cities with at least two banks, by straight-line distance. Counts from FDIC BankFind.
Short answer: The closest towns with more choice are New Prague (7 miles) and Lonsdale (8 miles). Faribault, 18 miles away, has the most banks nearby: 5.
| City | Distance | Banks | Branches |
|---|---|---|---|
| Banks in New Prague, MN | 7 mi | 4 | 4 |
| Banks in Lonsdale, MN | 8 mi | 2 | 2 |
| Banks in Belle Plaine, MN | 15 mi | 2 | 2 |
| Banks in Jordan, MN | 16 mi | 3 | 3 |
| Banks in Le Sueur, MN | 16 mi | 3 | 3 |
| Banks in Henderson, MN | 17 mi | 2 | 2 |
| Banks in Faribault, MN | 18 mi | 5 | 6 |
| Banks in Saint Peter, MN | 20 mi | 3 | 3 |
Bank branch openings and closings in Montgomery
FDIC branch records, between September 5, 2025 and September 5, 2026.
Short answer: FDIC branch records show no bank branch openings in Montgomery 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 Montgomery
Short answer: 1 institution has its main office in Montgomery: Cornerstone State Bank.
| Institution | Type | Total assets, June 30, 2026 | Offices here |
|---|---|---|---|
| Cornerstone State Bank | Bank | $247.0 million | 1 |
Banks: FDIC BankFind (community-bank flag and assets). Credit unions: NCUA call report.
Largest banks in Montgomery by total assets
Ranked by each bank's total assets on its FDIC balance sheet, which covers the whole bank, not only its Montgomery offices.
Short answer: Frandsen Bank & Trust is the largest bank with offices in Montgomery, with $3.66 billion in total assets on June 30, 2026, No. 359 among U.S. banks by total assets. Cornerstone State Bank is second with $247.0 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 |
|---|---|---|---|---|
| Frandsen Bank & Trust | $3.66 billion | No. 359 | 1 | Lonsdale, MN |
| Cornerstone State Bank | $247.0 million | No. 2,746 | 1 | Montgomery, 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 Montgomery: FAQ
How many banks are in Montgomery, MN?
Montgomery has 2 banks with 2 branches, according to FDIC data as of September 5, 2026.
Which bank has the most branches in Montgomery?
Frandsen Bank & Trust, with 1. Cornerstone State Bank has 1.
Is there a Frandsen Bank & Trust in Montgomery, MN?
Yes. FDIC data lists 1 Frandsen Bank & Trust branch in Montgomery as of September 5, 2026. The address and directions are under Frandsen Bank & Trust above.
Is there a Cornerstone State Bank in Montgomery, MN?
Yes. FDIC data lists 1 Cornerstone State Bank branch in Montgomery as of September 5, 2026, the main office at 401 4th St Nw. The address and directions are under Cornerstone State Bank above.
Is there a Chase in Montgomery, MN?
No. FDIC data lists no Chase branch in Montgomery as of September 5, 2026. The nearest is in Savage, about 24 miles away in a straight line.
Which banks are headquartered in Montgomery?
Cornerstone State Bank has its main office in Montgomery, according to the FDIC.
What is the oldest bank in Montgomery?
Frandsen Bank & Trust has the longest record among banks with a branch here: the FDIC shows it operating since 1901.
Did any bank branches open or close in Montgomery 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 Montgomery?
Nearby cities with more banks include New Prague, Lonsdale, Belle Plaine. New Prague is 7 miles away with 4 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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