Banks in Milbank, SD

Bank branch map: Milbank

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: 4 banks and credit unions operate 4 locations in Milbank, according to the FDIC. 4 of them have coordinates on record and are on the map. 2 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 in Milbank

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

Short answer: 4 banks share the most locations in Milbank, with 1 each. 4 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 Milbank, 15 across South Dakota 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 First Bank & Trust Of Milbank Branch at 215 W 4th Ave dates to 1986 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.

• First Bank & Trust Of Milbank Branch

  215 W 4th Ave, 57252

  Hours: see the bank's site
  DirectionsWebsite

First Bank & Trust: profile, branches and contacts

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

First Interstate Bank has 1 branch in Milbank, 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 Milbank Branch at 302 S Main St dates to 2002 in FDIC branch records. Its published hours do not list Saturday.

• Milbank Branch

  302 S Main St, 57252

  (605) 432-1500Today 9 am to 5 pm

  All hours

  Mon closed; Tue to Fri 9 am to 5 pm; Sat to Sun closed

  Hours: First Interstate Bank branch locator (All The Places), checked Oct 10, 2026

  DirectionsBranch page

First Interstate Bank: profile, branches and contacts

Frandsen Bank & Trust 1 branch · main office Lonsdale, MN Bank · 1

Frandsen Bank & Trust has 1 branch in Milbank, 1 across South Dakota and 40 nationwide. FDIC records list its main office in Lonsdale, MN and show it operating since 1901. With $3.66 billion in total assets on June 30, 2026, it ranks No. 359 of 4,232 U.S. banks by total assets. The Milbank Office Branch at 302 E 4th Ave dates to 2026 in FDIC branch records. It does not publish hours in the sources this page uses; check its site before you go.

• Milbank Office Branch

  302 E 4th Ave, 57252

  Hours: see the bank's site
  DirectionsWebsite

Frandsen Bank & Trust: profile, branches and contacts

Wells Fargo Wells Fargo Bank, National Association · 1 branch · main office Sioux Falls, SD Bank · 1

Wells Fargo has 1 branch in Milbank, 30 across South Dakota 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 Milbank Branch at 402 S Main St dates to 1935 in FDIC branch records. Its published hours do not list Saturday.

• Milbank Branch

  402 S Main St, 57252

  (605) 432-4521Today 9 am to 5 pm

  All hours

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

  Hours: Wells Fargo branch locator (All The Places), checked Oct 10, 2026

  DirectionsBranch page

Wells Fargo: profile, branches and contacts

Banking in Milbank: the local picture

Short answer: 4 banks run 4 branches in Milbank 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 4 banks, 0 have their main office in Milbank, 2 elsewhere in South Dakota and 2 out of state, according to the FDIC.

The bank with the longest record here is Wells Fargo, operating since 1870 according to the FDIC. In FDIC branch records, the longest-running branch is Wells Fargo's office at 402 S Main St, dating to 1935; the newest is Frandsen Bank & Trust's at 302 E 4th Ave, from 2026.

Of the 2 locations with published hours. None open on Saturday. 2 locations have no published hours in these sources.

Saturday hours in Milbank

Short answer: None of the 2 Milbank locations with published hours lists Saturday hours. 2 locations do not publish hours in these sources; call ahead.

Bank branches show hours only where the bank publishes them in a source this page uses; 2 of the 4 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 Milbank, and where the nearest one is if they do not.

Short answer: In Milbank: Wells Fargo (1). No branches in Milbank: Chase (nearest in Sioux Falls, 116 mi), Bank of America, PNC Bank, U.S. Bank (nearest in Aberdeen, 92 mi), Truist, Fifth Third Bank, Huntington, Regions Bank, TD Bank, BMO (nearest in Redfield, 95 mi).

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

Banks near Milbank

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

Short answer: The closest towns with more choice are Watertown (32 miles) and Sisseton (37 miles). Watertown, 32 miles away, has the most banks nearby: 9.

Bank branch openings and closings in Milbank

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

Short answer: FDIC branch records show 1 branch opening in Milbank between September 5, 2025 and September 5, 2026.

Effective dates as recorded in FDIC BankFind branch history. Closings and relocations are not tracked by the sources this page uses yet. Credit union offices are not included; the NCUA does not publish opening dates.

Largest banks in Milbank by total assets

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

Short answer: Wells Fargo is the largest bank with offices in Milbank, with $1.91 trillion in total assets on June 30, 2026, No. 4 among U.S. banks by total assets. First Interstate Bank is second with $25.79 billion. 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 Milbank: FAQ

How we build this page

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