Banks in Pipestone, MN

Bank branch map: Pipestone

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 Pipestone, 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 Pipestone

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

Short answer: First Bank & Trust, First State Bank Southwest and First Farmers & Merchants National Bank have the most locations in Pipestone, 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.

First Bank & Trust 1 branch · main office Brookings, SD Bank · 1

First Bank & Trust has 1 branch in Pipestone, 7 across Minnesota and 22 nationwide. FDIC records list its main office in Brookings, SD and show it operating since 1925. With $4.78 billion in total assets on June 30, 2026, it ranks No. 296 of 4,232 U.S. banks by total assets. The Pipestone Branch at 101 2nd St Nw dates to 1889 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.

• Pipestone Branch

  101 2nd St Nw, 56164

  Hours: see the bank's site
  DirectionsWebsite

First Bank & Trust: profile, branches and contacts

First Farmers & Merchants National Bank 1 branch · main office Luverne, MN Bank · 1

First Farmers & Merchants National Bank has 1 branch in Pipestone, 2 across Minnesota and 2 nationwide. FDIC records list its main office in Luverne, MN and show it operating since 1931. With $242.6 million in total assets on June 30, 2026, it ranks No. 2,766 of 4,232 U.S. banks by total assets. The Pipestone Branch at 107 E Main St dates to 1879 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.

• Pipestone Branch

  107 E Main St, 56164

  Hours: see the bank's site
  DirectionsWebsite

First Farmers & Merchants National Bank: profile, branches and contacts

First State Bank Southwest 1 branch · main office Pipestone, MN Bank · 1

First State Bank Southwest has 1 branch in Pipestone, 5 across Minnesota and 6 nationwide. FDIC records list its main office in Pipestone, MN and show it operating since 1903. With $409.9 million in total assets on June 30, 2026, it ranks No. 2,047 of 4,232 U.S. banks by total assets. Its main office at 202 2nd St Se dates to 1903 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

  202 2nd St Se, 56164

  Hours: see the bank's site
  DirectionsWebsite

First State Bank Southwest: profile, branches and contacts

Banking in Pipestone: the local picture

Short answer: 3 banks run 3 branches in Pipestone 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, 1 has its main office in Pipestone, 1 elsewhere in Minnesota and 1 out of state, according to the FDIC.

The bank with the longest record here is First State Bank Southwest, operating since 1903 according to the FDIC. In FDIC branch records, the longest-running branch is First Farmers & Merchants National Bank's office at 107 E Main St, dating to 1879; the newest is First State Bank Southwest's at 202 2nd St Se, from 1903.

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

Short answer: No branches in Pipestone: Chase (nearest in Chaska, 145 mi), Wells Fargo (nearest in Marshall, 40 mi), Bank of America (nearest in Eden Prairie, 154 mi), PNC Bank, U.S. Bank (nearest in Marshall, 40 mi), Truist, Fifth Third Bank, Huntington (nearest in Mankato, 115 mi), Regions Bank, TD Bank, BMO (nearest in Ivanhoe, 32 mi).

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

Banks near Pipestone

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

Short answer: The closest towns with more choice are Luverne (25 miles) and Slayton (28 miles). Marshall, 41 miles away, has the most banks nearby: 6.

Bank branch openings and closings in Pipestone

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

Short answer: FDIC branch records show no bank branch openings in Pipestone 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 Pipestone

Short answer: 1 institution has its main office in Pipestone: First State Bank Southwest.

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

Largest banks in Pipestone by total assets

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

Short answer: First Bank & Trust is the largest bank with offices in Pipestone, with $4.78 billion in total assets on June 30, 2026, No. 296 among U.S. banks by total assets. First State Bank Southwest is second with $409.9 million. 1 of the 3 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 Pipestone: FAQ

How we build this page

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