Banks in Springfield, MN

Bank branch map: Springfield

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 Springfield, according to the FDIC and the NCUA. 3 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 Springfield

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

Short answer: MidCountry Bank and Farmers and Merchants State Bank of Springfield have the most locations in Springfield, 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.

Farmers and Merchants State Bank of Springfield 1 branch · main office Springfield, MN Bank · 1

Farmers and Merchants State Bank of Springfield has 1 branch in Springfield, 2 across Minnesota and 2 nationwide. FDIC records list its main office in Springfield, MN and show it operating since 1918. With $139.8 million in total assets on June 30, 2026, it ranks No. 3,399 of 4,232 U.S. banks by total assets. Its main office at 101 N Marshall Ave dates to 1918 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

  101 N Marshall Ave, 56087

  Hours: see the bank's site
  DirectionsWebsite

Farmers and Merchants State Bank of Springfield: profile, branches and contacts

MidCountry Bank 1 branch · main office Minneapolis, MN Bank · 1

MidCountry Bank has 1 branch in Springfield, 16 across Minnesota and 16 nationwide. FDIC records list its main office in Minneapolis, MN and show it operating since 1933. With $1.07 billion in total assets on June 30, 2026, it ranks No. 984 of 4,232 U.S. banks by total assets. The Springfield Branch at 2 S Marshall Ave dates to 1891 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.

• Springfield Branch

  2 S Marshall Ave, 56087

  Hours: see the bank's site
  DirectionsWebsite

MidCountry Bank: 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 Springfield, 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.

• Springfield

  975 Central St, 56087

  (507) 723-9000Today: hours not published

  All hours

  Mon 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

Join a credit union in Springfield

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 Springfield page has every office in the state's directory.

Banking in Springfield: the local picture

Short answer: 2 banks run 2 branches in Springfield 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 Springfield, 1 elsewhere in Minnesota, according to the FDIC.

The bank with the longest record here is Farmers and Merchants State Bank of Springfield, operating since 1918 according to the FDIC. In FDIC branch records, the longest-running branch is MidCountry Bank's office at 2 S Marshall Ave, dating to 1891; the newest is Farmers and Merchants State Bank of Springfield's at 101 N Marshall Ave, from 1918.

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

Of the 1 location with published hours. 1 opens on Saturday. 2 locations have no published hours in these sources.

Credit unions open on Saturday in Springfield

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

• Southpoint Financial Credit Union: 1 of 1 office (975 Central 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; 2 of the 3 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 Springfield, and where the nearest one is if they do not.

Short answer: No branches in Springfield: Chase (nearest in Chaska, 78 mi), Wells Fargo (nearest in Marshall, 43 mi), Bank of America (nearest in Eden Prairie, 87 mi), PNC Bank, U.S. Bank (nearest in Marshall, 43 mi), Truist, Fifth Third Bank, Huntington (nearest in Mankato, 49 mi), Regions Bank, TD Bank, BMO (nearest in Windom, 27 mi).

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

Banks near Springfield

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 Redwood Falls (22 miles). New Ulm, 26 miles away, has the most banks nearby: 5.

Bank branch openings and closings in Springfield

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

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

Short answer: 1 institution has its main office in Springfield: Farmers and Merchants State Bank of Springfield.

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

Largest banks in Springfield by total assets

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

Short answer: MidCountry Bank is the largest bank with offices in Springfield, with $1.07 billion in total assets on June 30, 2026, No. 984 among U.S. banks by total assets. Farmers and Merchants State Bank of Springfield is second with $139.8 million. 1 of the 2 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 Springfield: FAQ

How we build this page

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