Russell, MN
Bank First Independent Bank
First Independent Bank is a federally insured bank based in Russell, Minnesota.
- Type
- Bank
- Charter
- State-chartered commercial bank, not a Federal Reserve member
- Primary regulator
- FDIC
- Established
- January 1, 1903
- Headquarters
- Russell, MN
- FDIC certificate #
- 1900
- Fed RSSD ID
- 761851
- Holding company
- Finlayson Bancshares Inc
- Website
- www.fibmn.com
$634.1M
Total assets Data as of Q1 2026
$537.4M
Total deposits Data as of Q1 2026
12
Branch locations Data as of Q1 2026
$2.1M
Net income Data as of Q1 2026
1.39%
Return on assets Data as of Q1 2026
Source: U.S. FDIC BankFind & NCUA 5300 Call Report (public data). Data sources · Data as of Q1 2026
Branches by state
First Independent Bank operates 12 branch locations in Minnesota. Select a state to drill down to its towns and individual branches.
Ownership
First Independent Bank is owned by Finlayson Bancshares Inc, which also owns 1 other institution. See the full ownership & merger history.
First Independent Bank financial summary
Other banks in Minnesota
Federally insured banks headquartered in Minnesota, by total assets.
- Ameriprise Bank, FSB $25.51B
- Bridgewater Bank $5.32B
- Frandsen Bank & Trust $3.69B
- Stearns Bank National Association $3.3B
- Minnwest Bank $2.97B
- Merchants Bank, National Association $2.93B
- Tradition Capital Bank $2.68B
- Think Mutual Bank $2.27B
Similar-size banks
Institutions close to First Independent Bank’s $634.1M in assets.
- Outdoor Bank $634M
- Henderson State Bank $634.6M
- Woodlands Bank $633.4M
- Dominion Bank $635.2M
- First Federal Bank & Trust $632.5M
- The First National Bank of Carmi $632.4M
Also owned by Finlayson Bancshares Inc
- Northview Bank $477.8M