Banks in New York Mills, MN

Bank branch map: New York Mills

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 New York Mills, according to the FDIC and the NCUA. 2 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 York Mills

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

Short answer: Farmers & Merchants State Bank of New York Mills is the only bank with an office in New York Mills. Open any bank to see each address, today's hours where the bank publishes them and the phone number.

Farmers & Merchants State Bank of New York Mills 1 branch · main office New York Mills, MN Bank · 1

Farmers & Merchants State Bank of New York Mills has 1 branch in New York Mills, 1 across Minnesota and 1 nationwide. FDIC records list its main office in New York Mills, MN and show it operating since 1916. With $83.5 million in total assets on June 30, 2026, it ranks No. 3,826 of 4,232 U.S. banks by total assets. Its main office at 11 Walker Ave N dates to 1916 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

  11 Walker Ave N, 56567

  Hours: see the bank's site
  DirectionsWebsite

Farmers & Merchants State Bank of New York Mills: profile, branches and contacts

Magnifi Financial Credit Union 1 office · main office Melrose, MN Credit union · 1

Magnifi Financial Credit Union has 1 office in New York Mills, 26 across Minnesota. It is based in Melrose, MN and $2.67 billion 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 York Mills Branch

  101 Main Ave N, 56567

  (218) 385-2070Today 8 am to 5 pm

  All hours

  Mon to Fri 8 am to 5 pm; Sat 9 am to 5 pm; Sun not published

  Hours: NCUA, March 31, 2026

  Directions

Magnifi Financial Credit Union: profile, branches and contacts

Join a credit union in New York Mills

1 credit union has 1 office here: Magnifi 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 York Mills page has every office in the state's directory.

Banking in New York Mills: the local picture

Short answer: 1 bank runs 1 branch in New York Mills according to the FDIC. A population estimate for this place is not available from the Census Bureau, so branches per resident are not shown.

Farmers & Merchants State Bank of New York Mills has its main office in New York Mills, according to the FDIC.

The bank with the longest record here is Farmers & Merchants State Bank of New York Mills, operating since 1916 according to the FDIC.

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

Of the 1 location with published hours. 1 opens on Saturday. 1 location has no published hours in these sources.

Credit unions open on Saturday in New York Mills

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

• Magnifi Financial Credit Union: 1 of 1 office (101 Main Ave N: Saturday 9 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; 1 of the 2 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 York Mills, and where the nearest one is if they do not.

Short answer: No branches in New York Mills: Chase (nearest in Saint Cloud, 89 mi), Wells Fargo (nearest in Detroit Lakes, 30 mi), Bank of America (nearest in Coon Rapids, 134 mi), PNC Bank, U.S. Bank (nearest in Fergus Falls, 37 mi), Truist, Fifth Third Bank, Huntington (nearest in Saint Cloud, 88 mi), Regions Bank, TD Bank, BMO (nearest in Fergus Falls, 37 mi).

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

Banks near New York Mills

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

Short answer: The closest towns with more choice are Perham (11 miles) and Wadena (13 miles). Detroit Lakes, 30 miles away, has the most banks nearby: 7.

Bank branch openings and closings in New York Mills

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

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

Short answer: 1 institution has its main office in New York Mills: Farmers & Merchants State Bank of New York Mills.

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

Largest banks in New York Mills by total assets

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

Short answer: Farmers & Merchants State Bank of New York Mills is the largest bank with offices in New York Mills, with $83.5 million in total assets on June 30, 2026, No. 3,826 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.

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 York Mills: FAQ

How we build this page

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