Banks in Freeman, SD

Bank branch map: Freeman

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 Freeman, 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 Freeman

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

Short answer: First Interstate Bank, CorTrust Bank and Merchants State Bank have the most locations in Freeman, 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.

CorTrust Bank 1 branch · main office Mitchell, SD Bank · 1

CorTrust Bank has 1 branch in Freeman, 22 across South Dakota and 37 nationwide. FDIC records list its main office in Mitchell, SD and show it operating since 1930. With $1.56 billion in total assets on June 30, 2026, it ranks No. 719 of 4,232 U.S. banks by total assets. The Freeman Branch at 174 East Fourth Street dates to 1902 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.

• Freeman Branch

  174 East Fourth Street, 57029

  Hours: see the bank's site
  DirectionsWebsite

CorTrust Bank: profile, branches and contacts

First Interstate Bank 1 branch · main office Billings, MT Bank · 1

First Interstate Bank has 1 branch in Freeman, 46 across South Dakota and 274 nationwide. FDIC records list its main office in Billings, MT and show it operating since 1916. With $25.79 billion in total assets on June 30, 2026, it ranks No. 83 of 4,232 U.S. banks by total assets. The Freeman Branch at 117 E 4th St dates to 1929 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.

• Freeman Branch

  117 E 4th St, 57029

  (605) 925-4239Hours: see the bank's site
  DirectionsBranch page

First Interstate Bank: profile, branches and contacts

Merchants State Bank 1 branch · main office Freeman, SD Bank · 1

Merchants State Bank has 1 branch in Freeman, 4 across South Dakota and 4 nationwide. FDIC records list its main office in Freeman, SD and show it operating since 1899. With $219.6 million in total assets on June 30, 2026, it ranks No. 2,880 of 4,232 U.S. banks by total assets. Its main office at 305 S Main St dates to 1899 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

  305 S Main St, 57029

  Hours: see the bank's site
  DirectionsWebsite

Merchants State Bank: profile, branches and contacts

Banking in Freeman: the local picture

Short answer: 3 banks run 3 branches in Freeman 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 Freeman, 1 elsewhere in South Dakota and 1 out of state, according to the FDIC.

The bank with the longest record here is Merchants State Bank, operating since 1899 according to the FDIC. In FDIC branch records, the longest-running branch is Merchants State Bank's office at 305 S Main St, dating to 1899; the newest is First Interstate Bank's at 117 E 4th St, from 1929.

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

Short answer: No branches in Freeman: Chase (nearest in Sioux Falls, 35 mi), Wells Fargo (nearest in Yankton, 31 mi), Bank of America, PNC Bank, U.S. Bank (nearest in Sioux Falls, 34 mi), Truist, Fifth Third Bank, Huntington, Regions Bank, TD Bank, BMO (nearest in Vermillion, 47 mi).

Branch counts from FDIC BankFind as of September 5, 2026. Distances are straight-line miles from the center of Freeman to the nearest branch in South Dakota.

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 Freeman residents like anyone else.

Banks near Freeman

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

Short answer: The closest towns with more choice are Parker (16 miles) and Viborg (22 miles). Sioux Falls, 37 miles away, has the most banks nearby: 34.

Bank branch openings and closings in Freeman

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

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

Short answer: 1 institution has its main office in Freeman: Merchants State Bank.

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

Largest banks in Freeman by total assets

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

Short answer: First Interstate Bank is the largest bank with offices in Freeman, with $25.79 billion in total assets on June 30, 2026, No. 83 among U.S. banks by total assets. CorTrust Bank is second with $1.56 billion. 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 Freeman: FAQ

How we build this page

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