BranchWatch

Minnwest Bank

Headquartered in Redwood Falls, MN. Part of Minnwest Corporation. FDIC certificate #16958 · Federal Reserve RSSD 302656.

Total assets
$3.0B
Deposits
$2.6B
Q1 2026
Active branches
36
Closings since Jan 2020
4
2 openings since Jan 2020
All locations →Quarterly financials →

Financial snapshot — Q1 2026

All quarters →
Net income (quarter)
$9M
Return on assets
1.25%
Return on equity
11.39%
Noncurrent loan rate
0.46%

Deposits by year (Summary of Deposits)

2
2019
2
2020
2
2021
2
2022
2
2023
3
2024
3
2025

Values in $ billions, June 30 of each year.

Closings by year

1
2020
2
2023
1
2024

Openings by year

1
2020
1
2023

Other network changes since 2020

  • 1 branch relocations
  • 4 branches acquired through purchases or mergers

Branches by state

Minnesota 30South Dakota 6

Recent closings

All figures transcribed from FDIC BankFind Suite records: structure-change history, quarterly financial reports and the annual Summary of Deposits · bank site: www.minnwestbank.com.