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The First State Bank of Red Wing Locations & Branches Red Wing, Minnesota
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The First State Bank of Red Wing operates 3 branches from its headquarters in Red Wing, MN, .
The First State Bank of Red Wing branch network
All 3 branches are in MINNESOTA, across 3 cities. Its largest office by deposits is the Medford Branch office in Medford, MN, with $32.6M (39.2% of its branch deposits). It had the same number of branches on June 30, 2025.
The First State Bank of Red Wing at a glance
Its CET1 capital ratio was 21.81% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Total assets, Q2 2026
- $86.3M
- CET1 ratio, Q2 2026
- 21.81%
- Deposit insurance
- FDIC
- Regulator
- FDIC
- Latest call report
- Q2 2026, FFIEC 051
- Established
- 1915
Full financial profile · Is The First State Bank of Red Wing safe? · The First State Bank of Red Wing 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: Red Wing, MN (1 branch) | 5 of 7 | 4.3% | $22.2M |
| State: MN (3 branches) | 211 of 277 | <0.1% | $83.1M |
Ranked by total assets among banks headquartered in the state: Largest banks in Minnesota.
Share by county and metro area
The First State Bank of Red Wing'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 |
|---|---|---|---|---|
| Steele, MN (1 branch) | 10 of 12 | 3.4% | $32.6M | $957.6M |
| Wabasha, MN (1 branch) | 7 of 7 | 3.2% | $28.3M | $885.8M |
| Goodhue, MN (1 branch) | 10 of 12 | 1.5% | $22.2M | $1.45B |
Metro areas
| Metro area | Rank | Deposit share | Deposits | Metro total |
|---|---|---|---|---|
| Owatonna, MN (1 branch) | 10 of 12 | 3.4% | $32.6M | $957.6M |
| Rochester, MN (1 branch) | 32 of 34 | 0.4% | $28.3M | $7.58B |
| Red Wing, MN (1 branch) | 10 of 12 | 1.5% | $22.2M | $1.45B |
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Medford Branch | Medford, MN | 55049 | $32.6M |
| Mazeppa Branch | Mazeppa, MN | 55956 | $28.3M |
| The First State Bank of Red Wing | Red Wing, MN | 55066 | $22.2M |
Source: FDIC Summary of Deposits, June 30, 2026. How the survey works.
Regulator records: FDIC BankFind (cert 8191) · FFIEC NIC profile (RSSD 818559)