Bank · FDIC insured
Minnwest Bank
A $2.9B bank headquartered in Redwood Falls, MN, with 34 branches in 2 states. Best rates: CDs 3.73% and savings 0.15% APY.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: not enough terms or balances published to score. Auto loans: no rates found on its website. Credit cards: only rates Carrot doesn’t compare are published (introductory, refinance or business rates, or none at all).
- CDs—3.73%CD rates →
- Savings681.51%at $100,000Savings rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Minnwest Bank
Minnwest Bank is a family-owned bank founded in 1987 during the farm crisis to support thriving communities.
Today, the institution operates 36 bank locations across Minnesota, serving as one of the state's agricultural lending leaders.
- Headquarters
- 300 S Washington St, Redwood Falls, MN 56283
- FDIC certificate
- 16958 ↗
Branches
34 branches in 2 states
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Minnesota
28 branches
Rochester area · 5
- Hammond Branch276 Center St E, Hammond, MN 55991Directions
- Rochester Branch2575 Commerce Drive N.W., Rochester, MN 55901Directions
- Rochester Branch33 4th St Sw Ste 100, Rochester, MN 55902Directions
- Spring Valley Branch112 W Main St, Spring Valley, MN 55975Directions
- Wykoff Branch102 Gold St S, Wykoff, MN 55990Directions
Minneapolis area · 4
- Minnwest Bank Metro Branch1150 Yankee Doodle Rd, Eagan, MN 55121Directions
- Farmington Branch3380 Vermillion River Trl, Farmington, MN 55024Directions
- Minnetonka Branch14820 Highway 7, Minnetonka, MN 55345Directions
- Community Security Bank Branch1100 1st St Ne, New Prague, MN 56071Directions
Redwood Falls area · 2
- Minnwest BankMain office300 S Washington St, Redwood Falls, MN 56283Directions
- Eastside Branch1275 E Bridge St, Redwood Falls, MN 56283Directions
Sioux Falls area · 2
- Minnwest Bank Luverne Branch116 E Main St, Luverne, MN 56156Directions
- Minnwest Bank Luverne- Hwy 75 Branch800 S Kniss Ave, Luverne, MN 56156Directions
Marshall area · 2
- Marshall Branch301 Baseline Rd, Marshall, MN 56258Directions
- Minnwest Bank South Branch250 3rd St, Tracy, MN 56175Directions
Belview area · 1
- Belview Branch113 N Main St, Belview, MN 56214Directions
Danube area · 1
- Danube Branch200 Oak St, Danube, MN 56230Directions
Dawson area · 1
- Dawson Branch579 Pine St, Dawson, MN 56232Directions
Gibbon area · 1
- Gibbon Branch1069 1st Ave, Gibbon, MN 55335Directions
Lake Wilson area · 1
- Lake Wilson Branch300 Broadway Ave, Lake Wilson, MN 56151Directions
Winona area · 1
- Security State Bank Of Lewiston Branch225 E Main St, Lewiston, MN 55952Directions
Montevideo area · 1
- Montevideo Branch1404 East State Highway 7, Montevideo, MN 56265Directions
Morton area · 1
- Minnwest Bank, M.V. - Morton Branch Office224 W 2nd St, Morton, MN 56270Directions
Ortonville area · 1
- Minnwest Bank Ortonville Branch21 2nd St Se, Ortonville, MN 56278Directions
Slayton area · 1
- Minnwest Bank South Branch2565 King Ave, Slayton, MN 56172Directions
St. Cloud area · 1
- St. Cloud Branch3130 2nd St S, St. Cloud, MN 56301Directions
Waldorf area · 1
- Waldorf Branch102 Main St, Waldorf, MN 56091Directions
Waseca area · 1
- Waseca Branch200 2nd St Ne, Waseca, MN 56093Directions
South Dakota
6 branches
Sioux Falls area · 2
- Minnwest Bank Sioux Falls Branch5001 S Louise Ave, Sioux Falls, SD 57108Directions
- Sioux Falls Branch5324 E Arrowhead Pkwy, Sioux Falls, SD 57110Directions
Big Stone City area · 1
- Big Stone City Branch607 Cornell Ave, Big Stone City, SD 57216Directions
Watertown area · 1
- Florence Branch224 Main Street, Florence, SD 57235Directions
Summit area · 1
- Peoples State Bank Branch401 Maple St, Summit, SD 57266Directions
Wilmot area · 1
- Wilmont Branch709 Main St, Wilmot, SD 57279Directions
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 | 10.80% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 0.56% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 1.14% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $92 | $88 | — |
- CapitalLeverage ratio10.80%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent0.56%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets1.14%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$92Peers’ middle $88
Compared with the 897 banks with $1 billion to $10 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 Minnwest Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.