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Bankular
Local banking directory

Banks and Bank Branches in Red Wing, Minnesota

The FDIC reported 7 deposit-reporting offices from 7 institutions in Red Wing as of June 30, 2025. Bankular currently provides 8 detailed location pages with addresses, maps and directions.

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FDIC-reported offices7
Institutions reporting7
Detailed location pages8
Reported branch deposits$530.7M
SOD reporting dateJune 30, 2025

Reported-office totals come from the annual FDIC Summary of Deposits survey. Maps and branch-detail links appear only for locations with a validated Bankular location page.

Market analysis

What the deposit data shows

FDIC SOD, June 30, 2025
Largest institutionWells Fargo Bank27.19% of deposits
Top three share71.76%
Deposit HHI2,103Moderate concentration
Current detailed pages81 more than the June 2025 SOD count

Wells Fargo Bank held 27.19% of reported branch deposits in Red Wing. The three largest institutions together held 71.76%. Bankular places the resulting HHI of 2,103 in its moderate concentration descriptive band.

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Detailed bank locations in Red Wing

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Detailed directory

Institutions with validated location pages

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Detailed bank locations in Red Wing

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Local deposit market

Reported offices, deposits and market share

FDIC SOD, June 30, 2025
InstitutionReported officesDepositsShare
Wells Fargo Bank1$144.3M27.19%
Merchants Bank1$120.1M22.63%
Associated Bank1$116.4M21.93%
First Farmers & Merchants Bank1$94.4M17.79%
Alliance Bank1$32.4M6.10%
The First State Bank of Red Wing1$21.4M4.03%
Minnesota First Credit and Savings, Incorporated1$1.7M0.32%