First State Bank of Red Wing was founded in 1915 and is the only locally-owned, family-owned bank in Red Wing, Minnesota. We currently have around $70 million in assets. First State Bank of Red Wing is a full service bank, offering a variety of deposit accounts, loans and mortgages, and other financial services designed to make banking easier for you. We have 3 full service bank locations located in Red Wing, Mazeppa, and Medford MN.