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Bank Deposits in Goodhue County, Minnesota
Where bank deposits are booked in Goodhue County - FDIC Summary of Deposits, June 30, 2026.
Total bank deposits
$1.45B
Bank offices
19
Banks present
12
Top 4 banks' share
72.4%
Deposit market share in Goodhue County
| # | Bank | Branch deposits here | Share |
|---|---|---|---|
| 1 | First Farmers & Merchants Bank | $356.81M | 24.6% |
| 2 | Merchants Bank, National Association | $282.25M | 19.5% |
| 3 | Frandsen Bank & Trust | $257.04M | 17.7% |
| 4 | Wells Fargo Bank, National Association | $152.56M | 10.5% |
| 5 | Associated Bank, National Association | $118.50M | 8.2% |
| 6 | Security State Bank Of Wanamingo | $96.73M | 6.7% |
| 7 | Security State Bank Of Kenyon | $63.17M | 4.4% |
| 8 | Community Resource Bank | $49.12M | 3.4% |
| 9 | Heritage Bank Minnesota | $31.20M | 2.2% |
| 10 | The First State Bank Of Red Wing | $22.20M | 1.5% |
| 11 | Alliance Bank | $17.66M | 1.2% |
| 12 | Minnesota First Credit And Savings, Incorporated | $1.59M | 0.1% |
Credit unions with branches in Goodhue County
- Red Wing - 1 branch
Credit unions do not report deposits by branch, so only bank deposits are ranked above.
Deposits are booked at the branch office that holds them (FDIC Summary of Deposits), which is not always where the depositor lives - online banks concentrate deposits at a few offices.
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