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First State Bank Southwest
✓ FDIC-insured · Active FDIC Certificate #9770
First State Bank Southwest is an FDIC-insured state-chartered bank that is a member of the Federal Reserve System, headquartered in Pipestone, Minnesota, established in 1903. As of the 06/30/2026 FDIC call report, it reported $410M in total assets and $351M in deposits. FDIC location data lists 6 offices across 2 states and territories, with the most in Minnesota (5). The FDIC classifies it as a community bank. It is owned by the holding company FIRST STB SW KSOP PLAN & TR (Worthington, MN).
Financial data as of the 06/30/2026 FDIC call report.
Branches by state
First State Bank Southwest has offices in 2 states and territories. Counts come from the FDIC's institution location records.
| State | Offices | Share |
|---|---|---|
| Minnesota | 5 | 83.3% |
| South Dakota | 1 | 16.7% |
Branch locations
| First State Bank Southwest Worthington Branch · Full Service - Brick And Mortar | 1433 Oxford St Worthington, MN 56187 Map ↗ |
| First State Bank Southwest Rushmore Branch · Full Service - Brick And Mortar | 103 N Thompson Ave Rushmore, MN 56168 Map ↗ |
| First State Bank Southwest Leota Branch · Full Service - Brick And Mortar | 11665 110th St Edgerton, MN 56128 Map ↗ |
| First State Bank Southwest Edgerton Branch · Full Service - Brick And Mortar | 760 Main St Edgerton, MN 56128 Map ↗ |
| First State Bank Southwest First State Bank Southwest · Full Service - Brick And Mortar | 202 2nd St Se Pipestone, MN 56164 Map ↗ |
| First State Bank Southwest Sioux Falls Branch · Full Service - Brick And Mortar | 4400 E 57th St Sioux Falls, SD 57108 Map ↗ |
Holding company: FIRST STB SW KSOP PLAN & TR
The FDIC lists FIRST STB SW KSOP PLAN & TR, based in Worthington, MN, as the top holding company for First State Bank Southwest. The FDIC shows no other active insured banks under the same holding company.
Similar-size banks in Minnesota
Active FDIC-insured banks headquartered in Minnesota with total assets closest to First State Bank Southwest's $410M. See all banks in Minnesota.
| Bank | HQ city | Assets | Offices |
|---|---|---|---|
| First State Bank and Trust | Bayport | $499M | 4 |
| First Farmers & Merchants Bank | Cannon Falls | $486M | 7 |
| American National Bank of Minnesota | Baxter | $473M | 10 |
| Northview Bank | Sandstone | $470M | 12 |
| Sterling State Bank | Austin | $462M | 6 |
| Kensington Bank | Kensington | $447M | 7 |
| Star Bank | Maple Lake | $446M | 11 |
| First National Bank Minnesota | Saint Peter | $438M | 4 |
First State Bank Southwest: common questions
Is First State Bank Southwest FDIC-insured?
Yes. First State Bank Southwest is an active FDIC-insured institution, FDIC Certificate #9770. Deposits are insured up to $250,000 per depositor, per ownership category. You can confirm this on FDIC BankFind.
Where is First State Bank Southwest headquartered?
First State Bank Southwest is headquartered at 202 2nd St Se, Pipestone, MN 56164, according to FDIC records.
How many branches does First State Bank Southwest have?
FDIC location data lists 6 offices for First State Bank Southwest in 2 states and territories. The most are in Minnesota (5), followed by South Dakota (1).
Who owns First State Bank Southwest?
The FDIC lists FIRST STB SW KSOP PLAN & TR of Worthington, MN as the top holding company for First State Bank Southwest.
Source: FDIC BankFind Suite (institution, location, and call report data). BankNearMe.com does not rank or rate banks.