Banks in New Ulm, MN
Branches open
5
Banks present
5
Deposits (2026)
$716M
Closings on record
2
0 openings
Banks by deposits in New Ulm (2026)
| Bank | Deposits | Share | Branches |
|---|---|---|---|
| Citizens Bank Minnesota | $273M | 38.2% | 1 |
| Alliance Bank | $144M | 20.2% | 1 |
| Frandsen Bank & Trust | $116M | 16.2% | 1 |
| Bank Midwest | $102M | 14.3% | 1 |
| United Prairie Bank | $81M | 11.2% | 1 |
All branches
- Citizens Bank Minnesota — 105 N Minnesota St$273M
- Alliance Bank — 322 N Minnesota St$144M
- Frandsen Bank & Trust — 100 N Minnesota St$116M
- Bank Midwest — 525 Center St$102M
- United Prairie Bank — 200 N Broadway St$81M
Closings
- Wells Fargo — New Ulm, MNbank exits city226 NORTH MINNESOTA STREET · closed July 14, 2021
- 1823 SOUTH BROADWAY · closed May 28, 2021
Transcribed from FDIC BankFind Suite active-location records, the annual Summary of Deposits and structure-change records. Deposit figures reflect the office to which deposits are reported and may not represent where depositors live.