Banks in Goodhue County, Minnesota
19 active bank branches operated by 12 institutions, per FDIC records.
Active branches
19
Banks present
12
Deposits (2026)
$1.4B
Closings since 2020
2
0 openings
Largest banks by deposits in Goodhue County (2026)
| Bank | Deposits | Share | Branches |
|---|---|---|---|
| First Farmers & Merchants Bank | $357M | 24.6% | 6 |
| Merchants Bank | $282M | 19.5% | 2 |
| Frandsen Bank & Trust | $257M | 17.7% | 2 |
| Wells Fargo | $153M | 10.5% | 1 |
| Associated Bank | $118M | 8.2% | 1 |
| Security State Bank of Wanamingo | $97M | 6.7% | 1 |
| Security State Bank of Kenyon | $63M | 4.4% | 1 |
| Community Resource Bank | $49M | 3.4% | 1 |
| Heritage Bank Minnesota | $31M | 2.2% | 1 |
| The First State Bank of Red Wing | $22M | 1.5% | 1 |
Deposit location reflects the office to which deposits are reported and may not represent the residence of depositors.
Cities and towns
Transcribed from FDIC BankFind Suite active-location records and the annual Summary of Deposits. County assignment follows the FDIC branch record.