Branch Network
First Independent Bank Locations & Branches Russell, Minnesota
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First Independent Bank operates 12 branches from its headquarters in Russell, MN, .
First Independent Bank branch network
All 12 branches are in MINNESOTA, across 12 cities. Its largest office by deposits is the Marshall Branch office in Marshall, MN, with $136.5M (25.6% of its branch deposits). On June 30, 2025 it had 11 branches, 1 fewer than in 2026.
First Independent Bank at a glance
Its CET1 capital ratio was 12.26% at Q2 2026, above regulatory requirements.
- Total assets, Q2 2026
- $632.3M
- CET1 ratio, Q2 2026
- 12.26%
- Deposit insurance
- FDIC
- Regulator
- FDIC
- Latest call report
- Q2 2026, FFIEC 051
- Established
- 1903
Full financial profile · Is First Independent Bank safe? · First Independent Bank call report · Routing number
Deposit market share
Share of all FDIC-insured deposits held in each area, from the June 30, 2026 Summary of Deposits. Rank 1 is the largest holder. Shares are by bank charter, not by holding company.
| Area | Rank | Deposit share | Deposits |
|---|---|---|---|
| City: Russell, MN (1 branch) | 1 of 1 | 100.0% | $91.2M |
| State: MN (12 branches) | 54 of 277 | 0.2% | $533.0M |
Ranked by total assets among banks headquartered in the state: Largest banks in Minnesota.
Share by county and metro area
First Independent Bank's share of FDIC-insured deposits in the counties and metro areas where it has branches, from the June 30, 2026 Summary of Deposits. Up to the ten largest of each are shown, by the bank's deposits. Rank 1 is the largest holder. Banks only: credit unions are not in the Summary of Deposits.
Counties
| County | Rank | Deposit share | Deposits | County total |
|---|---|---|---|---|
| Lyon, MN (4 branches) | 2 of 7 | 25.4% | $307.2M | $1.21B |
| Lincoln, MN (2 branches) | 1 of 3 | 55.1% | $74.3M | $134.8M |
| Redwood, MN (2 branches) | 5 of 9 | 8.2% | $68.8M | $838.8M |
| Pipestone, MN (1 branch) | 4 of 4 | 5.4% | $30.9M | $577.0M |
| Yellow Medicine, MN (2 branches) | 4 of 4 | 4.3% | $27.7M | $644.2M |
| Big Stone, MN (1 branch) | 5 of 5 | 9.0% | $24.0M | $265.6M |
Metro areas
| Metro area | Rank | Deposit share | Deposits | Metro total |
|---|---|---|---|---|
| Marshall, MN (4 branches) | 2 of 7 | 25.4% | $307.2M | $1.21B |
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Marshall Branch | Marshall, MN | 56258 | $136.5M |
| First Independent Bank (main office) | Russell, MN | 56169 | $91.2M |
| State Bank of Lucan Branch | Lucan, MN | 56255 | $50.1M |
| Balaton Branch | Balaton, MN | 56115 | $46.3M |
| Tyler Branch | Tyler, MN | 56178 | $38.9M |
| First Security Bank Branch | Hendricks, MN | 56136 | $35.4M |
| Cottonwood Branch | Cottonwood, MN | 56229 | $33.2M |
| Main Street - Ruthton Branch | Ruthton, MN | 56170 | $30.9M |
| Wood Lake Branch | Wood Lake, MN | 56297 | $26.3M |
| Beardsley Branch | Beardsley, MN | 56211 | $24.0M |
| 176 South Broadway Branch | Vesta, MN | 56292 | $18.8M |
| Detached Facility | Hanley Falls, MN | 56245 | $1.4M |
Source: FDIC Summary of Deposits, June 30, 2026. How the survey works.
Regulator records: FDIC BankFind (cert 1900) · FFIEC NIC profile (RSSD 761851)