Bank · FDIC insured
Citizens Bank Minnesota
A $596M bank headquartered in New Ulm, MN, with 6 branches in Minnesota. Best rates: CDs 3.75% and savings 0.75% APY.
Citizens Bank Minnesota Carrot Score
75
Carrot Score
Higher than 39% of U.S. banks and credit unions
#54 of 97 in Minneapolis, MN-WI metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Citizens Bank Minnesota
Founded in 1876, Citizens Bank Minnesota is a community-owned and operated bank based in New Ulm, Minnesota.
The bank operates branch locations in Lafayette, La Salle, Lakeville, Watkins, and Ormsby.
- Headquarters
- 105 N Minnesota St, New Ulm, MN 56073
- FDIC certificate
- 8200 ↗
Branches
6 branches in Minnesota
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Minnesota
6 branches
New Ulm area · 1
- Citizens Bank MinnesotaMain office105 N Minnesota St, New Ulm, MN 56073Directions
La Salle area · 1
- La Salle Branch102 S Broadway, La Salle, MN 56056Directions
Mankato area · 1
- Lafayette Branch701 Main Ave, Lafayette, MN 56054Directions
Minneapolis area · 1
- Lakeville Branch18476 Kenrick Ave, Lakeville, MN 55044Directions
Fairmont area · 1
- Ormsby Branch513 Main St, Ormsby, MN 56162Directions
Watkins area · 1
- Watkins Branch170 Meeker Ave N, Watkins, MN 55389Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 9.33% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.02% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.85% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $81 | $81 | — |
- CapitalLeverage ratio9.33%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.02%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.85%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$81Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Citizens Bank Minnesota are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.