US Bank Directory
Banks in Red Wing, MN
7 FDIC-insured banks operate 7 offices in Red Wing, Minnesota, and 1 credit union has 1 office.
Source: FDIC BankFind, data as of September 5, 2026; NCUA call report as of March 31, 2026; hours checked October 10, 2026.
Bank branch map: Red Wing
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: 8 banks and credit unions operate 8 locations in Red Wing, according to the FDIC and the NCUA. 8 of them have coordinates on record and are on the map. 3 publish opening hours.
Branches: FDIC, NCUA. Streets: loading.
8 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 and credit unions in Red Wing
Sorted by number of local branches. Each branch shows where its hours and phone number come from.
Short answer: 7 banks share the most locations in Red Wing, with 1 each. 7 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 Bank · 1
Alliance Bank has 1 branch in Red Wing, 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 Red Wing Branch at 840 Technology Dr dates to 2008 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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Red Wing Branch840 Technology Dr, 55066
Associated Bank Bank · 1
Associated Bank has 1 branch in Red Wing, 24 across Minnesota and 218 nationwide. FDIC records list its main office in Green Bay, WI and show it operating since 1874. With $51.76 billion in total assets on June 30, 2026, it ranks No. 49 of 4,232 U.S. banks by total assets. The Red Wing Branch at 403 W 4th St dates to 1874 in FDIC branch records. It opens on Saturday.
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Red Wing Branch403 W 4th St, 55066
All hours
Mon to Fri 9 am to 5 pm; Sat 9 am to 12 pm; Sun closed
Hours: Associated Bank branch locator (All The Places), checked Oct 10, 2026
First Farmers & Merchants Bank Bank · 1
First Farmers & Merchants Bank has 1 branch in Red Wing, 7 across Minnesota and 7 nationwide. FDIC records list its main office in Cannon Falls, MN and show it operating since 1915. With $486.4 million in total assets on June 30, 2026, it ranks No. 1,828 of 4,232 U.S. banks by total assets. The Red Wing Branch at 3141 N Service Dr dates to 2003 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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Red Wing Branch3141 N Service Dr, 55066
Merchants Bank Bank · 1
Merchants Bank has 1 branch in Red Wing, 20 across Minnesota and 22 nationwide. FDIC records list its main office in Winona, MN and show it operating since 1875. With $2.88 billion in total assets on June 30, 2026, it ranks No. 444 of 4,232 U.S. banks by total assets. The Redwing Branch at 2835 S Service Dr dates to 2002 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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Redwing Branch2835 S Service Dr, 55066
Minnesota First Credit and Savings Bank · 1
Minnesota First Credit and Savings has 1 branch in Red Wing, 4 across Minnesota and 4 nationwide. FDIC records list its main office in Rochester, MN and show it operating since 1956. With $29.9 million in total assets on June 30, 2026, it ranks No. 4,171 of 4,232 U.S. banks by total assets. The Red Wing Branch at 144 Tyler Rd N dates to 2009 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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Red Wing Branch144 Tyler Rd N, 55066
Red Wing Credit Union Credit union · 1
Red Wing Credit Union has 1 office in Red Wing, 1 across Minnesota. It is based in Red Wing, MN and $207.8 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.
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Main Office main office3303 N Service Dr, 55066
All hours
Mon to Fri 8:30 am to 5 pm; Sat 8:30 am to 12 pm; Sun not published
Hours: NCUA, March 31, 2026
The First State Bank of Red Wing Bank · 1
The First State Bank of Red Wing has 1 branch in Red Wing, 3 across Minnesota and 3 nationwide. FDIC records list its main office in Red Wing, MN and show it operating since 1915. With $86.3 million in total assets on June 30, 2026, it ranks No. 3,803 of 4,232 U.S. banks by total assets. Its main office at 3209 S Service Dr dates to 1915 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 office3209 S Service Dr, 55066
Wells Fargo Bank · 1
Wells Fargo has 1 branch in Red Wing, 121 across Minnesota and 4,161 nationwide. FDIC records list its main office in Sioux Falls, SD and show it operating since 1870. With $1.91 trillion in total assets on June 30, 2026, it ranks No. 4 of 4,232 U.S. banks by total assets. The Red Wing Branch at 401 Plum St dates to 2001 in FDIC branch records. It opens on Saturday.
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Red Wing Branch401 Plum St, 55066
All hours
Mon to Fri 9 am to 5 pm; Sat 9 am to 2 pm; Sun not published
Hours: Wells Fargo branch locator (All The Places), checked Oct 10, 2026
Join a credit union in Red Wing
1 credit union has 1 office here: Red Wing 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 Red Wing page has every office in the state's directory.
Banking in Red Wing: the local picture
Short answer: 7 banks run 7 branches in Red Wing 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 7 banks, 1 has its main office in Red Wing, 4 elsewhere in Minnesota and 2 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 Associated Bank's office at 403 W 4th St, dating to 1874; the newest is Minnesota First Credit and Savings's at 144 Tyler Rd N, from 2009.
The only credit union with an office here is Red Wing Credit Union.
Of the 3 locations with published hours. 3 open on Saturday. 5 locations have no published hours in these sources.
Banks and credit unions open on Saturday in Red Wing
Short answer: 3 of the 3 Red Wing locations with published hours open on Saturday, run by 3 institutions.
- Wells Fargo: 1 of 1 branch (401 Plum St: Saturday 9 am to 2 pm)
- Associated Bank: 1 of 1 branch (403 W 4th St: Saturday 9 am to 12 pm)
- Red Wing Credit Union: 1 of 1 office (3303 N Service Dr: Saturday 8:30 am to 12 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 8 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 Red Wing, and where the nearest one is if they do not.
Short answer: In Red Wing: Wells Fargo (1). No branches in Red Wing: Chase (nearest in Cottage Grove, 27 mi), Bank of America (nearest in Woodbury, 32 mi), PNC Bank, U.S. Bank (nearest in Cottage Grove, 27 mi), Truist, Fifth Third Bank, Huntington (nearest in Cottage Grove, 27 mi), Regions Bank, TD Bank, BMO (nearest in Woodbury, 31 mi).
| Bank | In Red Wing | Nearest branch if none here |
|---|---|---|
| Wells Fargo | 1 branch | here |
| Chase | None | Cottage Grove, 27 miles away |
| Bank of America | None | Woodbury, 32 miles away |
| PNC Bank | None | none in Minnesota |
| U.S. Bank | None | Cottage Grove, 27 miles away |
| Truist | None | none in Minnesota |
| Fifth Third Bank | None | none in Minnesota |
| Huntington | None | Cottage Grove, 27 miles away |
| Regions Bank | None | none in Minnesota |
| TD Bank | None | none in Minnesota |
| BMO | None | Woodbury, 31 miles away |
Branch counts from FDIC BankFind as of September 5, 2026. Distances are straight-line miles from the center of Red Wing 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 Red Wing residents like anyone else.
Banks near Red Wing
Nearby cities with at least two banks, by straight-line distance. Counts from FDIC BankFind.
Short answer: The closest towns with more choice are Cannon Falls (16 miles) and Lake City (17 miles). Hastings, 18 miles away, has the most banks nearby: 7.
| City | Distance | Banks | Branches |
|---|---|---|---|
| Banks in Cannon Falls, MN | 16 mi | 3 | 5 |
| Banks in Lake City, MN | 17 mi | 2 | 2 |
| Banks in Hastings, MN | 18 mi | 7 | 9 |
| Banks in Cottage Grove, MN | 26 mi | 5 | 5 |
| Banks in Farmington, MN | 29 mi | 4 | 4 |
| Banks in Wabasha, MN | 29 mi | 2 | 2 |
| Banks in Rosemount, MN | 30 mi | 4 | 5 |
| Banks in Inver Grove Heights, MN | 30 mi | 4 | 4 |
Bank branch openings and closings in Red Wing
FDIC branch records, between September 5, 2025 and September 5, 2026.
Short answer: FDIC branch records show no bank branch openings in Red Wing 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 Red Wing
Short answer: 2 institutions have their main office in Red Wing: Red Wing Credit Union and The First State Bank of Red Wing.
| Institution | Type | Total assets, March 31, 2026 | Offices here |
|---|---|---|---|
| Red Wing Credit Union | Credit union | $207.8 million | 1 |
| The First State Bank of Red Wing | Bank | $86.3 million | 1 |
Banks: FDIC BankFind (community-bank flag and assets). Credit unions: NCUA call report.
Largest banks in Red Wing by total assets
Ranked by each bank's total assets on its FDIC balance sheet, which covers the whole bank, not only its Red Wing offices.
Short answer: Wells Fargo is the largest bank with offices in Red Wing, with $1.91 trillion in total assets on June 30, 2026, No. 4 among U.S. banks by total assets. Associated Bank is second with $51.76 billion. 1 of the 7 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 |
|---|---|---|---|---|
| Wells Fargo | $1.91 trillion | No. 4 | 1 | Sioux Falls, SD |
| Associated Bank | $51.76 billion | No. 49 | 1 | Green Bay, WI |
| Merchants Bank | $2.88 billion | No. 444 | 1 | Winona, MN |
| Alliance Bank | $755.9 million | No. 1,314 | 1 | Lake City, MN |
| First Farmers & Merchants Bank | $486.4 million | No. 1,828 | 1 | Cannon Falls, MN |
| The First State Bank of Red Wing | $86.3 million | No. 3,803 | 1 | Red Wing, MN |
| Minnesota First Credit and Savings | $29.9 million | No. 4,171 | 1 | Rochester, 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 Red Wing: FAQ
How many banks are in Red Wing, MN?
Red Wing has 7 banks with 7 branches and 1 credit union with 1 office, according to FDIC data as of September 5, 2026 and NCUA data as of March 31, 2026.
Which bank has the most branches in Red Wing?
Wells Fargo, with 1. Associated Bank has 1 and Merchants Bank has 1.
Is there a Wells Fargo in Red Wing, MN?
Yes. FDIC data lists 1 Wells Fargo branch in Red Wing as of September 5, 2026. The address and directions are under Wells Fargo above.
Is there a Associated Bank in Red Wing, MN?
Yes. FDIC data lists 1 Associated Bank branch in Red Wing as of September 5, 2026. The address and directions are under Associated Bank above.
Is there a Merchants Bank in Red Wing, MN?
Yes. FDIC data lists 1 Merchants Bank branch in Red Wing as of September 5, 2026. The address and directions are under Merchants Bank above.
Is there a Chase in Red Wing, MN?
No. FDIC data lists no Chase branch in Red Wing as of September 5, 2026. The nearest is in Cottage Grove, about 27 miles away in a straight line.
Which banks in Red Wing are open on Saturday?
Wells Fargo, Associated Bank and Red Wing Credit Union publish Saturday hours for one or more Red Wing locations. The Saturday section above lists each one with its hours. 5 of the 8 locations here do not publish hours in the sources this page uses; call ahead.
Which banks are headquartered in Red Wing?
Red Wing Credit Union and The First State Bank of Red Wing have their main office in Red Wing, according to the FDIC and the NCUA.
What is the oldest bank in Red Wing?
Alliance Bank has the longest record among banks with a branch here: the FDIC shows it operating since 1867.
Which credit unions can I join in Red Wing?
Red Wing Credit Union has an office in Red Wing. Check each credit union's membership rules before you apply.
Did any bank branches open or close in Red Wing 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 Red Wing?
Nearby cities with more banks include Cannon Falls, Lake City, Hastings. Cannon Falls is 16 miles away with 3 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 |
| Credit union offices, phones and hours as filed with the NCUA, total assets | NCUA call report data | Public data (U.S. government) | Quarterly import | Mar 31, 2026 |
| Map coordinates of 1 credit union offices whose NCUA record has none, from the office address | U.S. Census Bureau Geocoder | Public data (U.S. government) | With each NCUA import | Oct 19, 2026 |
| Bank branch hours, phones and branch pages (2 of 7 branches: Associated Bank, Wells Fargo) | The banks' own branch locators, collected by All The Places | CC0 (All The Places data); each bank's locator is the primary source | Weekly spider run, monthly refresh here | Oct 10, 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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