The First State Bank Of Red Wing is a bank based in Red Wing, Minnesota, established in 1915, with $85 million in total assets across 3 branches. By Trust Grade it ranks 224th of 224 banks we track in Minnesota. Its capital ratio of 3.3% trails most similarly sized banks (1th percentile), versus a Minnesota median of 9.5%. It posted a loss over the most recent period (-0.07% return on assets), a point to watch. No consumer complaints against The First State Bank Of Red Wing appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How The First State Bank Of Red Wing compares to Minnesota peers
How we graded The First State Bank Of Red Wing
The Trust Grade blends financial strength with complaint history. Full methodology →
- Below the well-capitalized threshold (3.3%)
- Unprofitable over the period (ROA -0.07%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for The First State Bank Of Red Wing over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (3)
- 115 1st St Ne, Medford, MN 55049
- 3209 S Service Dr, Red Wing, MN 55066
- First Street And State Highway 60, Mazeppa, MN 55956
Are deposits at The First State Bank Of Red Wing insured?
Yes. The First State Bank Of Red Wing is an FDIC-insured bank (FDIC certificate #8191). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
The First State Bank Of Red Wing: frequently asked questions
Is The First State Bank Of Red Wing a good bank?
The First State Bank Of Red Wing earns a Bankzia Trust Grade of F (53/100, "Weak"), based on a financial-strength score of 53/100 (it has no CFPB complaints on record). Below the well-capitalized threshold (3.3%); Unprofitable over the period (ROA -0.07%).
Is The First State Bank Of Red Wing FDIC-insured?
Yes. The First State Bank Of Red Wing is a FDIC-insured bank (FDIC certificate #8191). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is The First State Bank Of Red Wing?
The First State Bank Of Red Wing holds $85 million in total assets, ranking 224th of 224 banks we track in Minnesota. It operates 3 branches.
Does The First State Bank Of Red Wing have CFPB complaints?
No CFPB complaints against The First State Bank Of Red Wing appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
