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 First Independent Bank Russell, MN Rates & Review March 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
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Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
✓Fact Checked
Rates Last Updated: March 26, 2026
First Independent Bank Russell, MN's 24-Month CD rates are at 3.65%, 13-Month CD rates are at 3.60%, 7-Month CD rates are at 3.49%, 15-Month CD rates are at 3.29%, 17-Month CD rates are at 3.29%. MonitorBankRates evaluates the financial stability of First Independent Bank Russell, MN with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 2.74%. Rates were last updated on 03/26/2026. First Independent Bank Russell, MN money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at First Independent Bank Russell, MN? Share your experience about First Independent Bank Russell, MN by leaving a review below, or read customer reviews before you decide to use First Independent Bank Russell, MN. 
First Independent Bank Russell, MN CD Rates
First Independent Bank Russell, MN Mortgage Rates
First Independent Bank Russell, MN Home Equity & HELOC
First Independent Bank Russell, MN Credit Card Rates
Methodology & Data SourcesMonitorBankRates Star Rating: Our rating for First Independent Bank Russell, MN is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions. Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health. Rate Data Aggregation: We gather First Independent Bank Russell, MN rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions.
It is always advisable to check with First Independent Bank Russell, MN's official website for the most current offers and terms.
Bank Profile & Overview
Institution Name
First Independent Bank Russell, MN
Bank Holding Company
FINLAYSON BANCSHARES INC
Address
300 Front St,
Russell, MN 56169 · Lyon
Website
https://www.fibmn.com
FDIC Certificate #
1900
Established
01/01/1903
FDIC Insurance Date
01/01/1934
Domestic Offices
12
Total Branches
12
Regulator
FDIC
FDIC Insured
✓ Yes — Up to $250,000
Financial Health & AssetsA+
Overall Health Grade
Score: 99/100
5.0
Exceptional
Out of 5.0 Stars
2.74%
Texas Ratio
Nat'l avg: 5.85%
Return on Assets (ROA)
1.2077%
Return on Equity (ROE)
15.2400%
Non-Performing Loans (NPL)
0.16%
Total Assets
$600,188,000
Total Deposits
$507,366,000
Equity Capital
$47,617,000
Net Income
$6,177,000
Headquarters
Russell
Total Offices
12
Source: FDIC | Last Updated 12/31/2025
Frequently Asked Questions About First Independent Bank Russell, MNIs First Independent Bank Russell, MN a safe place to deposit money?Yes, First Independent Bank Russell, MN is considered a safe financial institution. With a Texas Ratio of 2.7379892638451%, the institution's financial health is rated as excellent. Your accounts are federally insured by the FDIC (Federal Deposit Insurance Corporation) up to $250,000 per depositor, for each account ownership category. How many branches does First Independent Bank Russell, MN operate?First Independent Bank Russell, MN currently maintains approximately 12 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes. Is there a first-time homebuyer program?Currently, First Independent Bank Russell, MN does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing. Are credit management and repair services offered?While formal credit repair services are not currently listed, First Independent Bank Russell, MN provides members with tools to manage their accounts and build a solid financial history. Does First Independent Bank Russell, MN offer online and mobile banking?Most modern institutions like First Independent Bank Russell, MN provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.fibmn.com. Current First Independent Bank Russell, MN Rates
Retrieved from our database of financial products. Rates subject to change.
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