Banks in New Ulm, MN

Bank branch map: New Ulm

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 New Ulm, according to the FDIC and the NCUA. 6 of them have coordinates on record and are on the map. 1 publish opening hours.

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 New Ulm

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 New Ulm, 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.

Alliance Bank 1 branch · main office Lake City, MN Bank · 1

Alliance Bank has 1 branch in New Ulm, 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. The New Ulm Branch at 322 N Minnesota St dates to 1914 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.

• New Ulm Branch

  322 N Minnesota St, 56073

  Hours: see the bank's site
  DirectionsWebsite

Alliance Bank: profile, branches and contacts

Bank Midwest 1 branch · main office Spirit Lake, IA Bank · 1

Bank Midwest has 1 branch in New Ulm, 6 across Minnesota and 11 nationwide. FDIC records list its main office in Spirit Lake, IA and show it operating since 1887. With $1.35 billion in total assets on June 30, 2026, it ranks No. 824 of 4,232 U.S. banks by total assets. The New Ulm Branch at 525 Center St dates to 1923 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.

• New Ulm Branch

  525 Center St, 56073

  Hours: see the bank's site
  DirectionsWebsite

Bank Midwest: profile, branches and contacts

Citizens Bank Minnesota 1 branch · main office New Ulm, MN Bank · 1

Citizens Bank Minnesota has 1 branch in New Ulm, 6 across Minnesota and 6 nationwide. FDIC records list its main office in New Ulm, MN and show it operating since 1875. With $596.0 million in total assets on June 30, 2026, it ranks No. 1,573 of 4,232 U.S. banks by total assets. Its main office at 105 N Minnesota St dates to 1875 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.

• Main Office main office

  105 N Minnesota St, 56073

  Hours: see the bank's site
  DirectionsWebsite

Citizens Bank Minnesota: profile, branches and contacts

Frandsen Bank & Trust 1 branch · main office Lonsdale, MN Bank · 1

Frandsen Bank & Trust has 1 branch in New Ulm, 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 New Ulm Main Branch at 100 N Minnesota St dates to 2004 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.

• New Ulm Main Branch

  100 N Minnesota St, 56073

  Hours: see the bank's site
  DirectionsWebsite

Frandsen Bank & Trust: profile, branches and contacts

Southpoint Financial Credit Union 1 office · main office Sleepy Eye, MN Credit union · 1

Southpoint Financial Credit Union has 1 office in New Ulm, 9 across Minnesota. It is based in Sleepy Eye, MN and $620.0 million in assets on March 31, 2026, according to its NCUA call report. It opens on Saturday.

Who can join: see the credit union's site.

• New Ulm

  706 N German St, 56073

  (507) 233-5600Today: hours not published

  All hours

  Mon 8:30 am to 5 pm; Tue to Fri not published; Sat 8:30 am to 5 pm; Sun not published

  Hours: NCUA, March 31, 2026

  Directions

Southpoint Financial Credit Union: profile, branches and contacts

United Prairie Bank 1 branch · main office Mountain Lake, MN Bank · 1

United Prairie Bank has 1 branch in New Ulm, 10 across Minnesota and 10 nationwide. FDIC records list its main office in Mountain Lake, MN and show it operating since 1919. With $939.3 million in total assets on June 30, 2026, it ranks No. 1,108 of 4,232 U.S. banks by total assets. The United Prairie Bank New Ulm Branch at 200 N Broadway St dates to 1919 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.

• United Prairie Bank New Ulm Branch

  200 N Broadway St, 56073

  Hours: see the bank's site
  DirectionsWebsite

United Prairie Bank: profile, branches and contacts

Join a credit union in New Ulm

1 credit union has 1 office here: Southpoint Financial 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 New Ulm page has every office in the state's directory.

Banking in New Ulm: the local picture

Short answer: 5 banks run 5 branches in New Ulm 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, 1 has its main office in New Ulm, 3 elsewhere in Minnesota 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 Citizens Bank Minnesota's office at 105 N Minnesota St, dating to 1875; the newest is Frandsen Bank & Trust's at 100 N Minnesota St, from 2004.

The only credit union with an office here is Southpoint Financial Credit Union.

Of the 1 location with published hours. 1 opens on Saturday. 5 locations have no published hours in these sources.

Credit unions open on Saturday in New Ulm

Short answer: 1 of the 1 New Ulm location with published hours opens on Saturday, run by 1 institution.

• Southpoint Financial Credit Union: 1 of 1 office (706 N German St: Saturday 8:30 am to 5 pm)

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 New Ulm, and where the nearest one is if they do not.

Short answer: No branches in New Ulm: Chase (nearest in Chaska, 53 mi), Wells Fargo (nearest in Mankato, 25 mi), Bank of America (nearest in Eden Prairie, 63 mi), PNC Bank, U.S. Bank (nearest in Mankato, 25 mi), Truist, Fifth Third Bank, Huntington (nearest in Mankato, 25 mi), Regions Bank, TD Bank, BMO (nearest in Windom, 45 mi).

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

Banks near New Ulm

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

Short answer: The closest towns with more choice are Sleepy Eye (13 miles) and Winthrop (16 miles). Saint Peter, 25 miles away, has the most banks nearby: 3.

Bank branch openings and closings in New Ulm

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

Short answer: FDIC branch records show no bank branch openings in New Ulm 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 New Ulm

Short answer: 1 institution has its main office in New Ulm: Citizens Bank Minnesota.

Banks: FDIC BankFind (community-bank flag and assets). Credit unions: NCUA call report.

Largest banks in New Ulm by total assets

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

Short answer: Frandsen Bank & Trust is the largest bank with offices in New Ulm, with $3.66 billion in total assets on June 30, 2026, No. 359 among U.S. banks by total assets. Bank Midwest is second with $1.35 billion. 1 of the 5 bank is headquartered here. 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 New Ulm: FAQ

How we build this page

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