Bank Midwest
✓ FDIC-insured · Active FDIC Certificate #5170
Bank Midwest is an FDIC-insured state-chartered bank that is a member of the Federal Reserve System, headquartered in Spirit Lake, Iowa, established in 1887. As of the 06/30/2026 FDIC call report, it reported $1.3B in total assets and $1.1B in deposits. FDIC location data lists 11 offices across 3 states and territories, with the most in Minnesota (6). The FDIC classifies it as a community bank. It is owned by the holding company GOODENOW BCORP (Okoboji, IA).
Financial data as of the 06/30/2026 FDIC call report.
Branches by state
Bank Midwest has offices in 3 states and territories. Counts come from the FDIC's institution location records.
| State | Offices | Share |
|---|---|---|
| Minnesota | 6 | 54.5% |
| Iowa | 4 | 36.4% |
| South Dakota | 1 | 9.1% |
Branch locations
| Bank Midwest Armstrong Branch · Full Service - Brick And Mortar | 500 6th St Armstrong, IA 50514 Map ↗ |
| Bank Midwest Bank Midwest · Full Service - Brick And Mortar | 1800 Royal Ave Spirit Lake, IA 51360 Map ↗ |
| Bank Midwest Wall Lake Branch · Full Service - Brick And Mortar | 102 W 2nd St Wall Lake, IA 51466 Map ↗ |
| Bank Midwest Okoboji Branch · Full Service - Brick And Mortar | 1102 Sanborn Ave Okoboji, IA 51355 Map ↗ |
| Bank Midwest Westbrook Branch · Full Service - Brick And Mortar | 640 1st Ave Westbrook, MN 56183 Map ↗ |
| Bank Midwest New Ulm Branch · Full Service - Brick And Mortar | 525 Center St New Ulm, MN 56073 Map ↗ |
| Bank Midwest Jackson Branch · Full Service - Brick And Mortar | 509 3rd St Jackson, MN 56143 Map ↗ |
| Bank Midwest Fairmont Branch · Full Service - Brick And Mortar | 301 S State St Fairmont, MN 56031 Map ↗ |
| Bank Midwest Sherburn Branch · Full Service - Brick And Mortar | 33 N Main St Sherburn, MN 56171 Map ↗ |
| Bank Midwest Windom Branch · Full Service - Brick And Mortar | 245 9th St Windom, MN 56101 Map ↗ |
| Bank Midwest Sioux Falls Branch · Full Service - Brick And Mortar | 225 S Minnesota Ave Sioux Falls, SD 57104 Map ↗ |
Holding company: GOODENOW BCORP
The FDIC lists GOODENOW BCORP, based in Okoboji, IA, as the top holding company for Bank Midwest. The FDIC shows no other active insured banks under the same holding company.
Similar-size banks in Iowa
Active FDIC-insured banks headquartered in Iowa with total assets closest to Bank Midwest's $1.3B. See all banks in Iowa.
| Bank | HQ city | Assets | Offices |
|---|---|---|---|
| Farmers State Bank | Waterloo | $1.6B | 8 |
| American State Bank | Sioux Center | $1.4B | 11 |
| Capra Bank | Dubuque | $1.3B | 7 |
| Iowa State Bank | Hull | $1.3B | 14 |
| Peoples Bank | Rock Valley | $1.3B | 10 |
| Pilot Grove Savings Bank | Pilot Grove | $1.2B | 17 |
| Farmers State Bank | Marion | $1.1B | 9 |
| First National Bank, Ames, Iowa | Ames | $1.1B | 10 |
Bank Midwest: common questions
Is Bank Midwest FDIC-insured?
Yes. Bank Midwest is an active FDIC-insured institution, FDIC Certificate #5170. Deposits are insured up to $250,000 per depositor, per ownership category. You can confirm this on FDIC BankFind.
Where is Bank Midwest headquartered?
Bank Midwest is headquartered at 1800 Royal Ave, Spirit Lake, IA 51360, according to FDIC records.
How many branches does Bank Midwest have?
FDIC location data lists 11 offices for Bank Midwest in 3 states and territories. The most are in Minnesota (6), followed by Iowa (4).
Who owns Bank Midwest?
The FDIC lists GOODENOW BCORP of Okoboji, IA as the top holding company for Bank Midwest.
Source: FDIC BankFind Suite (institution, location, and call report data). BankNearMe.com does not rank or rate banks.