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Bank Branches › Closed and merged banks › Minnesota › First Independent Bank

FDIC certificate 1900 · Russell, MN

First Independent Bank

First Independent Bank of Russell, MN is open today. It is the same bank that used to be called Farmers State Bank of Russell: the name changed, the bank did not close. 8 other banks have been folded into it over the years.

1903
opened
open
today
2
names it used
8
banks folded in

Its names, in order

Every legal name on the FDIC record for this certificate.

  1. 1903
    Farmers State Bank of Russell opens in Russell, MN
  2. Dec 5, 1994
    renamed First Independent Bank
  3. Today
    OPEN
    First Independent BankMain office Russell, MN · FDIC certificate 1900 · 12 offices in 1 state

    Every First Independent Bank office →

Its offices in the FDIC deposit reports

15 offices filed under this charter in some year from 1994 on. 12 are still open as of June 30, 2026.

OfficeLast filed under itNow
105 Market StMarshall, MN2026Open
300 Front StRussell, MN2026Open
106 Main StLucan, MN2026Open
108 3rd StBalaton, MN2026Open
111 N Tyler StTyler, MN2026Open
113 S Main StHendricks, MN2026Open
111 W Main StCottonwood, MN2026Open
Main StreetRuthton, MN2026Open
53 2nd Ave WWood Lake, MN2026Open
101 Main St NBeardsley, MN2026Open
176 Broadway StVesta, MN2026Open
101 N 1st StHanley Falls, MN2026Open
110 Third Street NorthHanley Falls, MN2021No longer reported
1221 East MainMarshall, MN2019No longer reported
1402 East Lyon StreetMarshall, MN2001No longer reported

Banks folded into First Independent Bank

6 banks merged directly into this charter; counting the banks those had absorbed earlier, 8 charters end up inside it.

BankEndedHow
First Security Bank-HendricksHendricks, MNJul 11, 2025merged
Citizens State Bank of Tyler, IncorporatedTyler, MNMay 28, 2022merged
United Southwest BankCottonwood, MNDec 10, 2021merged
The Buffalo Ridge BankBeardsley, MNMar 16, 2013merged
State Bank of LucanLucan, MNDec 31, 2011merged
First Independent Bank of Wood LakeWood Lake, MNNov 29, 2008merged

Source: FDIC BankFind institution and history records, read Nov 15, 2026. Look up certificate 1900 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.