Bank Branches › Minnesota › Goodhue County
Banks in Goodhue County, Minnesota
Goodhue County has 19 bank offices, 4 fewer than its peak of 23 in 2008 (−17%). They belong to 12 banks, led by First Farmers & Merchants Bank with 6.
19
offices, 2026
23
peak (2008)
9
no longer reported
$1.4B
deposits booked
Map
open (19)no longer reported (7 of 9 have map coordinates)
The county's passbook
Bank offices reporting on June 30Deposits booked at them (nominal dollars, own scale)
| Date | offices | Change | Deposits |
|---|---|---|---|
| Jun 30 1994 | 18 | $499M | |
| Jun 30 1995 | 18 | · | $514M |
| Jun 30 2000 | 17 | +1 | $644M |
| Jun 30 2005 | 21 | · | $9.9B |
| Jun 30 2008PEAK | 23 | +2 | $2.7B |
| Jun 30 2010 | 23 | · | $2.2B |
| Jun 30 2015 | 22 | · | $945M |
| Jun 30 2020 | 21 | · | $1.2B |
| Jun 30 2025 | 19 | −1 | $1.4B |
| Jun 30 2026NOW | 19 | · | $1.4B |
Open the full passbook — all 33 years ▾
| Date | offices | Change | Deposits |
|---|---|---|---|
| Jun 30 1994 | 18 | $499M | |
| Jun 30 1995 | 18 | · | $514M |
| Jun 30 1996 | 18 | · | $538M |
| Jun 30 1997 | 17 | −1 | $554M |
| Jun 30 1998 | 17 | · | $579M |
| Jun 30 1999 | 16 | −1 | $613M |
| Jun 30 2000 | 17 | +1 | $644M |
| Jun 30 2001 | 18 | +1 | $4.2B |
| Jun 30 2002 | 19 | +1 | $4.8B |
| Jun 30 2003 | 20 | +1 | $17.5B |
| Jun 30 2004 | 21 | +1 | $13.5B |
| Jun 30 2005 | 21 | · | $9.9B |
| Jun 30 2006 | 21 | · | $7.8B |
| Jun 30 2007 | 21 | · | $2.3B |
| Jun 30 2008PEAK | 23 | +2 | $2.7B |
| Jun 30 2009 | 23 | · | $2.9B |
| Jun 30 2010 | 23 | · | $2.2B |
| Jun 30 2011 | 23 | · | $2.3B |
| Jun 30 2012 | 23 | · | $2.7B |
| Jun 30 2013 | 23 | · | $2.5B |
| Jun 30 2014 | 22 | −1 | $1.8B |
| Jun 30 2015 | 22 | · | $945M |
| Jun 30 2016 | 22 | · | $962M |
| Jun 30 2017 | 22 | · | $974M |
| Jun 30 2018 | 21 | −1 | $995M |
| Jun 30 2019 | 21 | · | $1.0B |
| Jun 30 2020 | 21 | · | $1.2B |
| Jun 30 2021 | 21 | · | $1.4B |
| Jun 30 2022 | 21 | · | $1.5B |
| Jun 30 2023 | 20 | −1 | $1.3B |
| Jun 30 2024 | 20 | · | $1.3B |
| Jun 30 2025 | 19 | −1 | $1.4B |
| Jun 30 2026NOW | 19 | · | $1.4B |
Banks in Goodhue County
| Bank | Offices | Deposits here |
|---|---|---|
| First Farmers & Merchants Bank | 6 | $357M |
| Frandsen Bank & Trust | 2 | $257M |
| Merchants Bank, National Association | 2 | $282M |
| Security State Bank of Kenyon | 1 | $63.2M |
| Security State Bank of Wanamingo | 1 | $96.7M |
| Community Resource Bank | 1 | $49.1M |
| Associated Bank, National Association | 1 | $118M |
| The First State Bank of Red Wing | 1 | $22.2M |
| Heritage Bank Minnesota | 1 | $31.2M |
| Wells Fargo Bank, National Association | 1 | $153M |
| Alliance Bank | 1 | $17.7M |
| Minnesota First Credit and Savings, Incorporated | 1 | $1.6M |
Every bank office open in Goodhue County
| Bank | Address | Deposits |
|---|---|---|
| Merchants Bank, National AssociationCannon Falls Branch | 300 Main St WCannon Falls 55009 | $160M |
| Frandsen Bank & TrustZumbrota Main Street Branch | 1440 S Main StZumbrota 55992 | $153M |
| Wells Fargo Bank, National AssociationRed Wing Branch | 401 Plum StRed Wing 55066 | $153M |
| First Farmers & Merchants Bank | 920 4th St SCannon Falls 55009 | $143M |
| Merchants Bank, National AssociationRedwing Branch | 2835 S Service DrRed Wing 55066 | $122M |
| Associated Bank, National AssociationRed Wing Branch | 403 W 4th StRed Wing 55066 | $118M |
| Frandsen Bank & TrustPine Island Branch | 128 S Main StPine Island 55963 | $104M |
| Security State Bank of WanamingoSecurity State Bank Of Wanamingo | 232 Main StWanamingo 55983 | $96.7M |
| First Farmers & Merchants BankGoodhue Branch | 202 3rd AveGoodhue 55027 | $88.7M |
| First Farmers & Merchants BankRed Wing Branch | 3141 N Service DrRed Wing 55066 | $87.7M |
| Security State Bank of KenyonSecurity State Bank Of Kenyon | 602 2nd StKenyon 55946 | $63.2M |
| Community Resource BankCannon Falls Branch | 1230 4th St SCannon Falls 55009 | $49.1M |
| First Farmers & Merchants BankWhite Rock Branch | 13313 County 1 BlvdCannon Falls 55009 | $33.1M |
| Heritage Bank MinnesotaDennison Branch | 37470 1st Avenue CtDennison 55018 | $31.2M |
| The First State Bank of Red WingThe First State Bank Of Red Wing | 3209 S Service DrRed Wing 55066 | $22.2M |
| Alliance BankRed Wing Branch | 840 Technology DrRed Wing 55066 | $17.7M |
| First Farmers & Merchants BankBellechester Branch | 601 1st StBellchester 55027 · Drive-through / facility office | $4.5M |
| Minnesota First Credit and Savings, IncorporatedRed Wing Branch | 144 Tyler Rd NRed Wing 55066 | $1.6M |
| First Farmers & Merchants BankCannon Falls Family Fare Branch | 425 Main St WCannon Falls 55009 · Drive-through / facility office | $0 |
Sorted by deposits booked on June 30, 2026. "Opened" is the establishment date in the FDIC record.
Offices no longer reported
Offices in Goodhue County that filed a report in some year from 1994 on and are missing from 2026. Most closed; some were sold to non-banks or converted. Newest departures first.
| Last bank on the sign | Address | Last report |
|---|---|---|
| Frandsen Bank & Trust | 70 W 3rd StZumbrota 55992 | 2024 |
| Citizens Community Federal National Association | 3151 South Service DriveRed Wing 55066 · Full-service retail office | 2022 |
| First Farmers & Merchants Bank | 123 South Fourth StreetCannon Falls 55009 · Administrative office | 2017 |
| White Rock Bank | 203 East AvenueRed Wing 55066 · Drive-through / facility office | 2013 |
| Minnesota First Credit and Savings, Incorporated | 311 Bush StreetRed Wing 55066 | 2008 |
| Wells Fargo Bank, National Association | 401 Plum StreetRed Wing 55066 | 2001 |
| Eagle Valley Bank | Main StreetDennison 55018 | 1998 |
| The Goodhue County National Bank | 3249 Service DriveRed Wing 55066 | 1996 |
| The Goodhue County National Bank of Red Wing | 160 Tyler Road NorthRed Wing 55066 | 1995 |
County FIPS 27049 · 757 square miles of land (2024 Census Gazetteer).