First Independent Bank is a Commercial bank, state charter, Fed non-member, supervised by the Federal Deposit Insurance Corporation (FDIC) based in Russell, Minnesota, established in 01/01/1903. Operating with a focus on Agricultural Specialization, it offers a broad range of financial services across its 11 domestic offices and 0 foreign offices. As of the last update on 04/12/2024, First Independent Bank reported total assets of $505,948 and manages deposits totaling $421,274 from its domestic operations. This institution is recognized for its commitment to stability and growth, reflected in a net income of $431 thousands last year. For more details, visit their website at www.fibmn.com.
Bank Information:
- Bank Name: First Independent Bank
- Address: 300 Front St, Russell, Lyon, MN, 56169
- Website: www.fibmn.com
Classification and Operations:
- State: Minnesota
- Institution Class: Commercial bank, state charter, Fed non-member, supervised by the Federal Deposit Insurance Corporation (FDIC)
- Bank Class: State commercial bank, not FRS member
- Specialization: Agricultural Specialization
- Regulatory Reporting Form Number:
Bank Office and Assets:
- Number of Domestic Offices: 11
- Number of Foreign Offices: 0
- Total Assets: $505,948
- Total Deposits: $421,274
- Domestic Office Deposits: $421,274
Financial Data:
- Net Income (Attributable to Bank): $431
Establishment and Record:
- Established Date: 01/01/1903
- Last Recorded Data on: 04/12/2024