First Independent Bank
- Bank Name:First Independent Bank
- Bank Class:State Chartered - FED Nonmember Bank
- Member FDIC:Certificate #1900
- Routing Number:ACH & Wire - 091209247
- Locations:11 Branches in Minnesota
- Web Address:fibmn.com
First Independent Bank Information
First Independent Bank was founded in January 1903 and is based in Russell, Minnesota. The bank operates as a subsidiary of Finlayson Bancshares, Inc.. According to the Federal Deposit Insurance Corporation records and based on the institution's charter type, First Independent Bank is classified as a commercial bank, state charter and Fed nonmember, supervised by the FDIC. First Independent Bank is a FDIC-insured bank with certificate number of 1900. The assigned Fed RSSD ID of First Independent Bank is 761851.
First Independent Bank currently operates with 11 branches located in Minnesota. First Independent Bank is the 21st largest bank in Minnesota. The bank does not have any offices outside Minnesota.
A routing number is a nine-digit code used to identify a financial institution. The bank has one routing number in our database and the routing number for First Independent Bank is 091209247. This routing number is necessary to process ACH transfers, wire transactions, direct deposits, bill payments, and other monetary transfers within the US.
The full address of bank headquarters is 300 Front Street, Russell, MN 56169. You can visit the official website of the bank at https://www.fibmn.com for more information and online banking service if available. For a comprehensive list of First Independent Bank branches, including detailed information such as hours of operation, contact numbers, addresses, available services, and more, please narrow your search by selecting a location from the map or list below.
Map Of Branch Locations
Bank Offices In Minnesota
History Of First Independent Bank
First Independent Bank is a financial institution established on January 1, 1903, originally named Farmers State Bank of Russell in Russell, Minnesota. Over the years, the bank has undergone several significant changes, including a name change to First Independent Bank on December 5, 1994. The bank has also expanded its operations through multiple acquisitions. Notably, it acquired First Independent Bank of Wood Lake on November 29, 2008, and the State Bank of Lucan on December 31, 2011. In 2013, it further expanded by acquiring The Buffalo Ridge Bank located in Beardsley, Minnesota. The bank continued its growth strategy with the acquisition of United Southwest Bank in Cottonwood, Minnesota, on December 10, 2021, and Citizens State Bank of Tyler, Incorporated in Tyler, Minnesota, on May 28, 2022. Additionally, the main office moved from Main Street to 300 Front Street in Russell, Minnesota, on April 16, 2009.
Below is a list of some important events in bank's history, including mergers and acquisitions.
05-28-2022Acquired Citizens State Bank of Tyler, Incorporated in Tyler, MN.
12-10-2021Acquired United Southwest Bank in Cottonwood, MN.
03-16-2013Acquired The Buffalo Ridge Bank in Beardsley, MN.
12-31-2011Acquired State Bank of Lucan in Lucan, MN.
04-16-2009Main Office moved to 300 Front Street, Russell, MN 56169.
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